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He said India has been making efforts to tackle the challenge of the high cost of remittances. Kolkata: Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was “unconscionable”, and India is in talks with more jurisdictions to make a material impact on…
Read More “India In Talks With More Jurisdictions On Cross-Border Payments: RBI” »
Image used for representational purpose only. | Photo Credit: Reuters The rupee appreciated 14 paise to settle at 83.05 (provisional) against the U.S. dollar on September 29, boosted by a firm trend in equity markets and a sharp correction in the greenback against major rivals overseas. However, selling pressure from foreign equity investors and rising…
Read More “Rupee rises 14 paise to 83.05 against U.S. dollar” »
Gold closed at ₹58,950 per 10 grams in the previous trade. However, silver surged ₹1,200 to ₹74,300 per kilogram. | Photo Credit: Reuters Gold prices declined ₹250 to ₹58,700 per 10 grams in the national capital on September 29 amid a fall in precious metal prices overseas, according to HDFC Securities. The yellow metal had…
International Holding Company (IHC) will sell its stake in two Adani Group companies New Delhi: International Holding Company (IHC) will sell its stake in two Adani Group companies, the Abu Dhabi-based firm said in a note to the markets. IHC said it has “entered into a definitive agreement with a buyer to dispose of its…
Read More “Portfolio Rebalancing, IHC On Stake Sale From 2 Adani Firms” »
Jyotiraditya Scindia. File Union Steel Minister Jyotiraditya M. Scindia held a meeting with five task forces and discussed a range of issues, including incentivising green steel production and financing options for decarbonising the industry. “Key stakeholders, industry experts and government officials attended the meeting to discuss ways to achieve sustainability and decarbonisation in steel production…
Representational image. File | Photo Credit: S.S. Kumar The Tamil Nadu Cashew Processors and Exporters Association (TNCPEA) has urged the Agricultural and Processed Food Products Export Development Authority (APEDA) to restore the export incentive for cashew kernels to 5 per cent from the existing 2.5 per cent, as its exports have dropped. In a memorandum…
Air India expects the first A350-900 aircraft to arrive in India by the end of this year. | Photo Credit: Reuters Air India on September 29 said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City. This is also the first…
Read More “Air India completes acquisition of its first A350 aircraft through GIFT City” »
Representational image of the Bombay Stock Exchange (BSE) building | Photo Credit: Reuters The equity benchmark indices rebounded in early trade on Friday after a nearly 1% decline on the previous day, amid positive trends in the global markets. The 30-share BSE Sensex climbed 235.61 points to 65,743.93 in early trade. The Nifty advanced 76.7…
Read More “Sensex, Nifty recover in early trade, lifted by firm trend in global markets” »
Representational image of the Securities and Exchange Board of India (SEBI) headquarters in Mumbai | Photo Credit: Reuters Multi Commodity Exchange of India (MCX) on Friday said the country’s markets regulator has asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for next week. The Securities and…
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The rupee rose 9 paise to 83.10 against the US dollar in early trade on Friday, September 29, 2023 amid a retreating dollar versus major rivals and positive cues from the equity markets. Massive selling of equities by foreign investors and an upward trend in crude oil prices, however, capped the rise of the domestic…
Read More “Rupee gains 9 paise against dollar in early session” »