Currency returned to RBI post-note ban being calculated: FM Arun Jaitley
<p>Reserve Bank of India (RBI) is still calculating and taking stock of the currency that was returned to banks post demonetisation, Finance Minister Arun Jaitley said on Tuesday. In response to a question by Samajwadi Party leader Naresh Agarwal in the Rajya Sabha, Jaitley said that the RBI was taking stock of the currency that […]</p>
RBI raises ARCs’ Capital requirement to Rs 100 cr
<p>The Reserve Bank of India (RBI) has raised the Capital requirement for asset reconstruction companies (ARCs) to Rs 100 crore, from the current Rs 2 crore, it has announced. This move was necessitated by the higher amount of cash required to buy bad loans from the current financial year, RBI said in note accompanying its first […]</p>
Key Indian equity indices open higher
<p>The key Indian equity indices on Monday opened higher as government came out with Goods and Services Tax (GST) rules, which boosted industry sentiments. It was also buoyed by Finance Minister Arun Jaitley’s pegging India’s GDP growth at 7.7 per cent in 2018. These factors also helped Nifty of the National Stock Exchange (NSE) to […]</p>
Key Indian equity indices trade lower in early session
<p>Key Indian equity market indices opened in the red on Friday ahead of the 13th Council meet to finalise the Goods and Services Tax (GST) Rules. The 30-scrip Sensitive Index (Sensex) was trading 46.47 points or 0.16 per cent lower during the early session. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was […]</p>
Modi magic in China
<p>China is considered to be the biggest competitor of India but the country is also touched by the Modi magic. A Chinese company Shandong Taikai High Volt Switchgear Co. Ltd is now opening its first ever unit in India and that too in Gujarat. The first unit in Gujarat is the fallout of Prime Minister […]</p>