India asks refiners to buy dollars, euros to settle Iran oil dues| Reuters
Jul 01, 2015 at 01:45 | Source:
NEW DELHI India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.Local refiners still owe Ira...
Sensex ends down 167 points, after crashing over 600 pts in initial trades
Jun 29, 2015 at 17:05 | Source:
Domestic equity markets ended off their intra-day lows as late bout of shortcovering in select FMCG and frontline stocks helped the benchmark Sensex erase most of its early losses after a weak opening had snow-balled into a full-blown sell-off in the...
LIC should ask itself who is the boss: The policyholder or Arun Jaitley
Jun 27, 2015 at 15:17 | Source:
It is time for Finance Minister Arun Jaitley to start work on listing the public sector insurance behemoth, the Life Insurance Corporation (LIC) of India.Quite apart from the fact that the money obtained by offloading a portion of LIC will be useful ...
Reliance Capital, ICICI Securities to manage Rs 60,000 crore coal PF
Jun 26, 2015 at 15:15 | Source:
New Delhi: Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have been selected to manage Rs 60,000 crore provident fund corpus of coal industry workers, a government official said.The decision was taken by the ...
Finance ministry assessing capital requirement of public sector banks
Jun 24, 2015 at 19:36 | Source:
New Delhi: The finance ministry has asked public sector banks to submit their immediate and mid-term capital requirement from the government to comply with global capital adequacy norms and also to fund their growth plans."Besides current fisca...
Extended rally propels Sensex past 27,700 as banking, realty shares sizzle
Jun 22, 2015 at 14:07 | Source:
Riding on the back of a firm opening, benchmark Sensex advanced further in the noon trade surpassing the 27,700-mark as robust buying continued in banking and realty shares amid growing optimism amongst investors that talks between debt-ridden Greece...
Sensex ends up 54 pts, but extends losing streak for third straight week
Jun 12, 2015 at 16:52 | Source:
Equity markets concluded the last trading session of the week on a positive note, albeit with modest gains in a session marked by volatility, as a firm European markets opening coupled with recovery in local banking shares helped key benchmark indice...
Loans may become cheaper as Jaitley hints at further rate cuts by banks
Jun 12, 2015 at 15:49 | Source:
New Delhi: EMIs of home, auto and other loans are likely to come down further with Finance Minister Arun Jaitley today saying that banks have promised greater rate cuts in the coming days and weeks.After discussing a host of issues like transmission ...
Lenders' shares under pressure ahead of FM-bankers' meet later today
Jun 12, 2015 at 10:47 | Source:
Banking shares displayed weak trend in early trade ahead of the all bankers' meet with finance minister Arun Jaitley later today. TheBSE Bankex fell0.6 percent to 19,739.19 as against a 0.1 percent drop in benchmark Sensex.At 10 am, shares of Bank of...