Business
Rupee Slips 12 Paise Against USD; Fed Meet in Focus
The rupee weakened further on Tuesday and closed 12 paise lower at 67.54 against the US dollar on steady demand for the greenback from importers and corporates.
FPIs Outflow at Rs 17,000 Cr From Debt Markets in Dec So Far
Foreign investors have pulled out over Rs 17,000 crore from debt markets in this month so far mainly due to rally in government securities and decreasing spread in interest rates between the US and India.
Issued Rs 4.27 Lakh Crore Notes Post Demonetisation: RBI
The RBI has also made arrangements for supply of adequate quantity of banknotes in various denominations to the public through banks, the central bank said in a statement.
Media Uninvited to RBI Governor's Presser Cries Foul
Urjit Patel's second media meet on Wednesday created a controversy with a section of the Mumbai media corps complaining they were either not invited or deliberately kept out of the briefing.
AirAsia India Adds More Direct Flights Connecting Bengaluru to Goa, Pune
AirAsia India will also operate its fourth daily connection between Bengaluru and Goa starting December 18, 2016, it added.
Tata Sons Hit Back, Say Cyrus Mistry Violating Corporate Governance Norms
Tata Sons tonight refuted charges of breakdown of governance levelled by Cyrus P Mistry, saying it was the ousted chairman who has been violating such guidelines.
Trade Regime With India Remains Unchanged, Says Pakistan
However, he said the government has put restriction of importing 500,000 cotton bales in a year through Wagah border while there was not any such restriction on Karachi port.
Rupee Notches More Gains Against Dollar, up 14 Paise at 68.20
Extending gains for the fourth session, the rupee appreciated by another 5 paise to 68.29 against the US dollar in early trade on Friday on continued selling of the American currency by banks and exporters.
GST, Demonetisation to be Game Changers For Economy: Arun Jaitley
On the hue and cry over the demonetisation exercise, he said: "As far as currency changes are concerned, once the demonetisation process is completed and the economy gets back to full stream, the size of the GDP will significantly expand, tax base will ex...
India's Rural Economy Hit Hard as Informal Lending Breaks Down
Life was good for Mitharam Patil, a wealthy moneylender from a small village in the Indian state of Maharashtra.
ICA Asks Centre to Allow Demonetised Currency for Buying Mobile Phones
Mobile phone industry body Indian Cellular Association has asked the government to allow use of old Rs 500 and Rs 1000 notes for the purchase of handsets and claimed that their sales have come down by 50 per cent due to cash crunch post demonetisation.
Tata Sons Slaps Legal Notice on Cyrus Mistry Aide Nirmalya Kumar
Tata Sons has slapped a legal notice on ousted chairman Cyrus Mistry's aide Nirmalya Kumar for alleged violation of confidentiality agreement and sought an unconditional apology for making "disparaging" remarks against the group and divulging information.
'Govt Needs to be Vigilant About Sources of Black Economy'
The move to demonetise higher denomination currency is a step in the right direction, though there is a need to be vigilant regarding the sources of black economy, SBI said in a research note.
SEBI Allows FPIs to Invest in Unlisted Corporate Bonds
Currently, investment in unlisted debt securities is permitted only in the case of companies in the infrastructure sector. Further, investment by FPIs in securitised debt instruments is not permitted.
IIPA Launches Code of Conduct For e-Pharmacy Sector
The Indian Internet Pharmacy Association (IIPA) is body formed by online pharmacy retailers in the country.
SpiceJet Offers One-Way Ticket Starting at Rs 737
The 'Spicy Annual Sale' would be on till November 24 and tickets would be for travel during January 9 - October 28 next year.
