Tag: Business

Sensex Tumbles 900 Points, Plummets 6th Consecutive Day; Now Below 64,000

October 26, 2023 admin

The 30-share BSE Sensex slumped 900.91 points or 1.41 per cent to settle below the 64,000 mark Mumbai: Sliding for the sixth straight session, equity benchmark Sensex today plunged about 900 points to crash below the 64,000 level due to an across-the-board selloff amid heightened tension in the Middle East. Besides sluggish trends in global…

Business

Sensex, Nifty Continue To Plunge For 6th Consecutive Day

October 26, 2023 admin

The 30-share BSE Sensex plunged 502.5 points to 63,546.56. Mumbai: Equity benchmark indices declined in early trade on Thursday, continuing their weak momentum, amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60. Among the Sensex firms, Tech…

Business

Sensex, Nifty Tumble Nearly 1%, Continues Plunge For 5th Consecutive Day

October 25, 2023 admin

Falling for the fifth day running, the 30-share BSE Sensex tanked 522.82 points or 0.81 per cent Mumbai: Benchmark equity indices Sensex and Nifty plunged nearly 1 per cent today, in continuation with the pessimistic trend amid the ongoing tensions in the Middle East. Falling for the fifth day running, the 30-share BSE Sensex tanked…

Business

Rs 2,000 Notes Worth Rs 10,000 Crore Left In System: RBI Governor

October 20, 2023 admin

RBI Governor said only Rs 10,000 crore worth Rs 2,000 notes are still with people. New Delhi: Reserve Bank Governor Shaktikanta Das today said Rs 2,000 denomination notes are coming back and only Rs 10,000 crore worth of such notes are still with people. He exuded confidence that these notes will also be returned or…

Business

Centre Tweaks Licensing Norms For Laptop, Computer Imports. Details Here

October 19, 2023 admin

The government today tweaked curbs on imports of laptops and computers. (Representational) New Delhi: The government today tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere ‘authorisation’ upon detailing quantity and value. The new ‘import management system’ is aimed at…

Business

India Allows Export Of Over 10 Lakh Tonnes Of Non-Basmati White Rice To 7 Countries

October 18, 2023 admin

Government has permitted exports of 10,34,800 tonnes of non-basmati white rice (Representational) New Delhi: The government today said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) said…

Business

RBI Fines ICICI Bank, Kotak Mahindra Bank For Failing To Report Fraud

October 17, 2023 admin

Bengaluru: The Reserve Bank of India (RBI) on Tuesday said that it has imposed a penalty of Rs 12 crore 19 lakh on ICICI Bank for violating rules related to the code of conduct for the bank’s directors and for fraud reporting. The RBI’s inspection reports showed ICICI Bank had sanctioned or committed loans to…

Business

Gold plunges ₹350; silver declines ₹300

October 16, 2023 admin

Gold price plunged ₹350 to ₹60,150 per 10 grams in the national capital on Monday amid weak cues in international markets, according to HDFC Securities. The precious metal had closed at ₹60,500 per 10 grams in the previous trade. Silver also declined ₹300 to ₹74,000 per kg. In the global markets, both gold and silver…

Business

Wholesale Inflation Stays In Negative For 6th Month At -0.26% In September

October 16, 2023 admin

Inflation in food articles eased to 3.35 per cent in September. (Representational) New Delhi: Wholesale inflation remained in the negative territory for the sixth straight month in September at (-) 0.26 per cent on easing prices of food items, especially vegetables. The wholesale price index (WPI)-based inflation rate has been in the negative since April…

Business

No Restriction On Laptop Imports, We’re Only Monitoring: Commerce Secretary

October 14, 2023 admin

India will only monitor the inbound shipments of laptops and computers. (Representational) New Delhi: India will not impose the licensing requirement on imports of laptops and computers but will only monitor their inbound shipments, a top government official said. The remarks assume significance as the government in August announced that these products, including laptops, tablets…

Business