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Search Results for: economic sanctions

rupee

RBI monetary policy decision hurts Indian currency; rupee hits new low of 74 against USD

Just after the RBI announced its decision, post 2.30 p.m., the rupee plunged to over 74 a US dollar -- the lowest ever mark -- it has touched against the greenback. Oct 5, 2018
RBI

RBI holds key lending rates; repo rate stays at 6.5%

In August, the RBI had hiked its repo rate by 25 basis points to 6.50 per cent citing upside risks to inflation. Oct 5, 2018
Money rupee

Salaries in India to rise by 10% in 2019, the highest in Asia-Pacific region — report

Steady economic growth, progressive reforms and a sense of optimism in all sectors were the factors which made India edge out other countries in this regard. Oct 5, 2018
modi-putin

Modi-Putin summit LIVE: India and Russia sign $5bn deal for five S-400 Triumf missile shield systems

Modi and Putin have signed the S-400 defense deal. Putin's foreign policy aide Yury Ushakov had confirmed ahead of the Russian President's visit to India that the S-400 defence deal will likely be signed. Oct 5, 2018
IL&FS

IL&FS case: Fraud probe agency to look into the diversion of loan amount

The Serious Fraud Investigation Office will probe whether the creditors had evaluated its borrowing requirements properly. Oct 5, 2018
bombay stock exchange, bse, sensex, nifty, stock markets, sensex gainers, sensex losers, buzzing stocks

Markets in free fall; Sensex crashes 806 pts as selling intensifies on weak rupee

Sensex crashed over 806 points to end below the 35,200-level after the rupee crashed to a new lifetime low and global crude price breached $86 a barrel. Oct 4, 2018
world bank

World Bank bars several Indian companies, individuals over charges of corruption

The bank said that the report is the result of efforts by the Integrity Vice Presidency (INT), the Office of Suspension and Debarment (OSD) and the Sanctions Board. Oct 4, 2018
ICICI Bank

Chanda Kochhar steps down as ICICI Bank CEO; Sandeep Bakshi named as replacement

The ICICI Bank announced the decision on Thursday and said that Sandeep Bakshi will replace Chanda Kochhar. Oct 4, 2018
Modi Putin

Putin-Modi to sign S-400 deal, 20 other agreements amid US' sanction threats

Putin will land in New Delhi on Thursday evening and will dine with Prime Minister Narendra Modi. Oct 4, 2018
Rita Barawal

Who is Rita Baranwal? Trump picks Indian-American woman to head nuclear energy division

If approved by the Senate, Rita Baranwal will be an assistant secretary of energy, responsible for nuclear technology research and the development and management of the department's nuclear technology infrastructure. Oct 4, 2018
Mobile transactions

Digital India 'making rapid strides' as country moves up 28th from 36th in govt e-payments adoption

The survey said while the country has done well on financial inclusion, its overall performance in inclusiveness dropped due to a lack of government integration of the informal economy. Oct 4, 2018
ppac march 2017 report, india crude oil import, india oil and gas sector at a glance, bpcl, hpcl, ioc, ongc, fuel stations in india

RBI allows oil firms hit by rising costs to raise $10 billion overseas

India, the world's third-biggest oil importer, depends on overseas markets to meet 80 percent of its oil needs. Oct 4, 2018
S-400 Triumf air defence missile system

Why S-400 anti-aircraft missile system is a game-changer for India vis-à-vis Pakistan

With a range of 400km, the radars of the S-400 system can cover almost the whole of Pakistani airspace and track almost all kinds of aircraft taking off, flying and landing. Oct 3, 2018
Suresh Prabhu

Commerce Minister Suresh Prabhu to chair inter-ministerial meet on rupee, trade deficit

The meeting will deliberate upon ways to address India's trade deficit in goods and pressure on the rupee, the official added. Representatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting. Oct 3, 2018
rupee

With Indian rupee plumbing depths, 25 million expatriates to script new remittance record

The lion's share of remittances to India come from the United Arab Emirates, the United States, Saudi Arabia, Kuwait, the United Kingdom, Qatar, Oman and Canada -- in that order. Oct 3, 2018
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