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The RBI and Bank Indonesia MoU covers all current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed upon by both countries. | Photo Credit: Reuters The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on March 7 in Mumbai for…
Ajay Singh, Chairman of Indian low-cost carrier SpiceJet. | Photo Credit: REUTERS SpiceJet on March 7 said it has settled a dispute involving ₹413 crore with aircraft leasing firm Echelon Ireland Madison One Ltd, making it the third dispute settlement to be announced by the crisis-hit carrier in less than two weeks. The latest settlement…
Image for representational purpose only. | Photo Credit: V.V. Krishnan The rupee stayed firm and rose 9 paise to 82.74 against the U.S. dollar in early trade on March 7 on the back of a weak American currency overseas and sustained inflow of foreign funds in the domestic capital markets. The local currency also found…
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The 30-share BSE Sensex climbed 159.18 points to reach an all-time peak of 74,245.17 in early trade. File Equity benchmark indices Sensex and Nifty hit their fresh record peaks in early trade on March 7 amid a firm trend in the U.S. markets and foreign fund inflows. The 30-share BSE Sensex climbed 159.18 points to…
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In Chandigarh and Puducherry, the proportion of luxury cars to non-luxury cars was higher | Photo Credit: RAVINDRAN R The number of luxury cars in India recorded a sharp increase in the last five years, an analysis of vehicle registration data shows. Nearly 5 lakh luxury cars have been registered till date in India across…
OPEC is set to win a bigger share of India’s oil imports in coming decades due to the proximity of its supplies, the producer group’s head told Reuters, after its dominance was recently eroded by competition from discounted Russian oil. The share of oil from the Organization of the Petroleum Exporting Countries (OPEC) imported by…
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On March 5, the Rupee settled flat at 82.90 against the U.S. dollar. | Photo Credit: The Hindu The Rupee appreciated seven paise to settle at 82.83 (provisional) against the U.S. dollar on March 6, buoyed by a weak American currency against major rivals overseas and a rally in domestic equities. However, surging crude oil…
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Benchmark Sensex and Nifty recouped from early losses and settled at fresh record high levels in a volatile trade on Wednesday following buying in bank and select IT shares and gains in European markets. The 30-share BSE Sensex jumped 408.86 points or 0.55% to settle at a new record high of 74,085.99. During the day,…
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A view of the Bombay High court. File | Photo Credit: The Hindu “Working journalists do not fall in the definition of employees under the Maharashtra Recognition of Trade Unions and Prevention of Unfair Labour Practices Act as they enjoy a special status,” the Bombay High Court has said. Consequently, a complaint filed by a…
Image for representation only | Photo Credit: PAUL NORONHA Equity benchmark indices traded lower in early trade on Wednesday amid weak trends from the U.S. markets and selling in IT stocks. Extending its previous day’s decline, the 30-share BSE Sensex went lower by 229.04 points to 73,448.09. The Nifty slipped 63.15 points to 22,293.15. Among…
