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Updated: 18 sec ago

Narendra Modi govt's new mission - to link 1 billion UIDs with 1 billion bank A/Cs with 1 billion mobiles

12 hours 27 min ago
The program aims at linking one billion bank accounts to one billion Aadhaar numbers and one billion mobiles.
Categories: India News

Gold gains as dollar dips on uncertainty over Trump tax bill

Fri, 11/17/2017 - 10:52am
The dollar weakened against a basket of six major currencies and was set for its biggest weekly loss in more than a month.
Categories: India News

With rating action, India in for more capital inflows: Industry

Fri, 11/17/2017 - 10:47am
The rating action may act a catalyst of sorts for those foreign investors eyeing India, say analysts.
Categories: India News

Moody's upgrade to benefit financial sector the most: Bankers

Fri, 11/17/2017 - 10:44am
Describing the rating upgrade, which came after a gap of 13 years, as a "re-affirmation of how the world views India, and a long pending step," State Bank chairman Rajnish Kumar said this is "a thumbs up to the various reform measures and will bring the cost of foreign borrowings automatically down."
Categories: India News

Moody's morning surprise brings cheers in India

Fri, 11/17/2017 - 10:33am
The US-based agency upped India's rating to Baa2 from Baa3, changing outlook to 'stable' from 'positive', seen as a boost to the Modi government's reform agenda.
Categories: India News

IndusInd Bank, Yes Bank to join BSE Sensex; Cipla, Lupin exit

Fri, 11/17/2017 - 10:30am
The changes are announced by Asia Index, a joint venture between S&P Dow Jones Indices LLC and BSE. The move is a part of Asia Index's semi-annual reconstitution results.
Categories: India News

Gold price slips, settles at Rs 30,450 per 10 grams

Fri, 11/17/2017 - 10:20am
In Mumbai, gold prices, however, recovered marginally to close at Rs 29,460 per 10 grams today due to mild demand from stockists and retailers amid bullish global cues.  
Categories: India News

Infosys Rs 13,000 crore buyback to open on Nov 30

Fri, 11/17/2017 - 9:58am
The share buyback, which will be the first in the company's 36-year long history, will see Infosys buying back over 11.30 crore shares at Rs 1,150 apiece.
Categories: India News

Rupee spurts 31 paise to end at one-week high of 65.01 vs USD

Fri, 11/17/2017 - 9:43am
Maintaining its dominance over the greenback, the rupee touched an intra-day peak of 64.60 in mid-morning deals.
Categories: India News

Short-selling: Brokers can provide contracts for up to 12 months

Fri, 11/17/2017 - 9:31am
According to the regulator, the market wide position limit for SLB transactions would be 10 percent of the free- float capital of the company in terms of number of shares.
Categories: India News

Aadhaar for PAN, ITR: SC questions maintainability of plea

Fri, 11/17/2017 - 9:26am
The bench granted him the liberty to file an application for intervention in the main Aadhaar matter which is scheduled to come up for hearing before a Constitution bench in the last week of this month.
Categories: India News

NRIs, PIOs don't need to link bank a/c, PAN with Aadhaar: UIDAI

Fri, 11/17/2017 - 9:23am
The Aadhaar-issuing body said several representations had been received about problems faced by Non Resident Indians (NRIs), Person of Indian Origin (PIOs) and Overseas Citizens of India (OCI) where Aadhaar was being demanded with regard to various services and benefits.
Categories: India News

IFFCO retains global seat in International Cooperative Alliance

Fri, 11/17/2017 - 8:59am
IFFCO candidate Aditya Yadav retained his position on the ICA's Board of Directors, winning 627 out of 696 votes received from across the globe. Japan, US, Canada, UK, Australia, Italy and Brazil were in contention for the post as well.
Categories: India News

DHFL expects home loan growth of 30% this fiscal

Fri, 11/17/2017 - 8:58am
The government has laid a very strong foundation for the affordable housing industry over the last few quarters, acknowledging the immediate need for India to respond to the huge demand for affordable housing, Mehta said.
Categories: India News

Govt allows companies to paste new MRP stickers till Dec

Fri, 11/17/2017 - 8:54am
The additional sticker has to be pasted along with the earlier labelling/sticker of MRP, if any. The provision of declaring the new reduced prices will be allowed till December this year, he added.
Categories: India News

Moody’s India upgrade: Investor wealth surges by Rs 1.71 lakh cr as stocks zoom

Fri, 11/17/2017 - 8:52am
Led by the gain in the stock market, the total market capitalisation of BSE-listed companies surged by Rs 1,71,489.22 crore to Rs 1,44,90,494 crore.
Categories: India News

RBI fixes gold bonds issue price at Rs 2,964 per gram

Fri, 11/17/2017 - 8:24am
The government has also decided to allow discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode. 
Categories: India News

Yes Bank, IndusInd to join India's BSE Sensex index; Lupin, Cipla dropped

Fri, 11/17/2017 - 8:24am
Drugmakers Lupin Ltd and Cipla Ltd will make way for the two banks, according to a statement from Asia Index Pvt Ltd. 
Categories: India News

I-T dept seizes Rs 11 crore from entities in NSE co-location case

Fri, 11/17/2017 - 7:50am
In the NSE co-location case, certain brokers, including Gupta's OPG Securities, operating on its trading platform allegedly got preferential access to servers of the exchange.
Categories: India News

Moody's upgrades ratings of nine PSUs

Fri, 11/17/2017 - 7:48am
The foreign currency issuer ratings of Bharat Petroleum Corp Ltd (BPCL), Hindustan Petroleum Corp Ltd (HPCL), Indian Oil Corp (IOC) and Petronet LNG Ltd (PLL) was upgraded to Baa2 from Baa3, the same as India's sovereign rating upgrade.
Categories: India News