Search Results for: depreciating rupee

India's growth likely topped 7 percent again in January-March quarter

The biggest risk India faces is rising crude oil prices LCOc1, which this month hit $80 a barrel, their highest since 2014.

May 31, 2018

Xiaomi Redmi Note 5 Pro as seen on its official website

Xiaomi Redmi Note 5 Pro price hike again? Here's what the company says

Xiaomi is addressing the unofficial news about the Redmi Note 5 Pro's price hike which created a bit of a panic among prospective buyers in India.

May 30, 2018

bombay stock exchange, bse, sensex, nifty, stock markets, sensex gainers, sensex losers, buzzing stocks

Macro-data, rupee to fuel equity market's trajectory

A reversal in the rupee's trajectory was seen late last week as it strengthened by 23 paise to close at 67.78 against the US dollar. Even domestic fuel prices are expected to fall after the Brent crude cost eased to around $76 from $78 per barrel last Friday.

May 27, 2018

Narendra Modi and Rahul Gandhi fake Twitter followers report is flawed

Opposition launches scathing attack on Modi government, calls BJP 'Betrayal Janata Party'

Several Congress leaders took potshots at the BJP government on its fourth anniversary. In a scathing attack, Congress also said that four years of the BJP governance was marred with "treachery, trickery, revenge, and lies."

May 27, 2018

Fire engulfs 4 coaches of Andhra Pradesh Express near Gwalior, no casualties reported

Four coaches of the Andhra Pradesh Express were engulfed in fire near Gwalior, Madhya Pradesh, when the train was en-route to Vizag.

May 21, 2018

note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

Suspected RBI interventions stems rupee's fall

Sharply rising U.S. dollar yields have boosted the dollar on international exchanges, and the rupee was also coming under pressure from firm crude oil prices that will weigh on India's already widening trade deficit.

May 16, 2018

Fraud-hit PNB suffers biggest ever quarterly loss for an Indian bank

The bank's shares ended down 3.8 percent, their lowest close since June 13, 2016, having fallen as much as 6.4 percent after the results. The stock has lost almost half of its value this year making it the worst performer among Indian bank stocks.

May 16, 2018

Sensex, Nifty rise on likely BJP win in Karnataka

The 10-year benchmark bond yield rose 7 basis points to 7.90 percent, its highest in nearly 33 months, while the rupee fell to a near 16-month low of 67.7975 against the dollar before recovering sharply to 67.5350 on likely intervention by the central bank.

May 15, 2018

Investors think Modi may return to power in 2019, sans absolute majority: Report

Apart from Karnataka, there are other four states — Mizoram, Chhattisgarh, Madhya Pradesh and Rajasthan — going to polls before 2019 general elections. However, Karnataka assumes importance as Congress is in power in the state.

May 10, 2018

Will Xiaomi Redmi Note 5 Pro's price hike affect sales in India?

Xiaomi has hiked the prices of two of its best-selling products in India, Mi TV 4 (55) and Redmi Note 5 Pro, as it is being forced to import PCBAs to cope with demand.

Apr 30, 2018

Modi, BJP don't stand up to what they speak: Rahul Gandhi

Rahul Gandhi said unlike Modi, the Karnataka government-led by Chief Minister Siddaramaiah has been successful in delivering 95 per cent of the promises made in the previous election manifesto. Siddaramaiah added that Karnataka is the top job creating state in India.

Apr 27, 2018

Rupee vs US dollar, rupee projection, demonetisation, GST, UBS report, Indian currency

Indian immigrants sent the most money home in 2017, ahead of Chinese

Remittances to India picked up sharply by 9.9 percent, reversing the previous year's dip, but were still short of $70.4 billion received in 2014.

Apr 24, 2018

tcs q3 results, tcs share price, tcs income, tcs interim dividend, tcs management speak, infosys

TCS set to become 1st Indian company with $100 billion market cap

By scaling $100 billion, TCS is set to join the league of the 100 most valuable companies in the world. TCS will be the 2nd Indian company to achieve the milestone after Reliance Industries. Mukesh Ambani-led Reliance Industries had crossed the mark in October 2007.

Apr 21, 2018

Rupee falls to 13-month low of 66 after RBI minutes

The RBI this month kept its policy repo rate unchanged at 6 percent for the fourth straight meeting and retained its "neutral" stance.

Apr 20, 2018

fuel prices in india, daily petrol price, daily diesel price, diesel price, petrol price, omcs, modi govt, daily fuel price

Fuel gets dearer: Petrol rises to 55-month high, diesel costliest ever

Petrol in Delhi now costs Rs 74.08 a liter and diesel price is at Rs 65.31 per liter.