Search Results for: forex reserves

Opposition supporters celebrate ahead of official presidential results in Gabon

Supporters of Gabon opposition candidate Jean Ping celebrated in the Gabon capital, Liberville, after initial results from the countries presidential election showed him in the lead. Ping claimed victory over current President Ali Bongo, who has also said he expected to emerge victorious. UN Secretary General Ban Ki-moon urged both sides to accept the results and EU observers had reportedly said the election was carried out in a way that lacked transparency.

Aug 30, 2016

Apple faces â‚¬13bn tax penalty for receiving illegal state aid in Ireland

The European Commission alleges that that the US tech giant Apple received illegal state aid from Ireland. It now faces the largest tax penalty ever to be paid in Europe, â‚¬13bn (Â£11.1bn). The commission have claimed that the Irish government provided a deal to Apple in return for job creation in Ireland, which was unfair as it allowed Apple to pay less tax than rival firms.

Aug 30, 2016

BSE Building new

IT stocks fall on BSE, NSE; Wipro, Glaxo, Welspun hit new 52-week low

Shares of Infosys, TCS, Wipro and HCL Technologies were down on Monday; Welspun India hit new 52-week low on BSE.

Aug 29, 2016

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August car sales data to influence stock markets next week

Maruti Suzuki, Tata Motors, Mahindra and unlisted firms Hyundai, Ford, Renault and Honda will release August car sales data on Thursday.

Aug 27, 2016

urjit patel raghuram rajan rbi governor appointment style

RBI governor-designate Urjit Patel to be more formal, unlike Raghuram Rajan

Urjit Patel, currently one of the four deputy governors, is more likely to play to the script, unlike Rajan.

Aug 26, 2016

indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

India's foreign exchange reserves rise marginally to $365.82 billion

In its weekly supplement, the RBI said India's foreign exchange reserves rose $73.2 million to $365.82 billion for the week ended Aug. 12.

Aug 20, 2016

NSE national stock exchange ipo listing limit foreign investor investment public issue stocks shares rbl bank ipo

RBL Bank IPO: Here is what brokerages are saying about the Rs. 1,200 crore public issue

The initial public offering (IPO) of RBL Bank opens on Friday (Aug. 19) and closes next Tuesday (Aug. 23).

Aug 19, 2016

Oil platform

Brent crude oil prices dip on US profit taking

Brent crude oil prices dipped in early Asian trading hours on Friday, but remained near two-month highs with Brent still holding above $50 per barrel in a bull-run.

Aug 19, 2016

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FICCI-IBA Annual Global Banking Conference: Here is what RBI governor Raghuram Rajan spoke

RBI governor Raghuram Rajan touched upon many bank-related issues during his inaugural address at the FICCI-IBA banking conference.

Aug 17, 2016

Oil prices

Oil trades at fresh August high on hopes producer action

Oil prices reached their highest levels in more than five weeks on Tuesday.

Aug 16, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

Sensex, Nifty poised for volatile trading next week over divergent triggers

The positive news of SC lifting the ban on sale of diesel cars in Delhi is likely to be negated by galloping retail inflation for July at 6.07 percent.

Aug 13, 2016

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RBI soaking foreign inflows to curb impact on rupee, Rajan says

RBI Governor Raghuram Rajan said the central bank is regularly buying dollars to prevent the rupee from becoming too volatile.

Aug 10, 2016

bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Here is what RBI governor Raghuram Rajan said on inflation, GDP growth rate, commodity prices and global economy

Outgoing RBI Governor Raghuram Rajan left the repo rate unchanged at 6.50 percent.

Aug 9, 2016

Essar Oil Vadinar refinery

Essar Oil plans to invest Rs. 1,200 crore to upgrade refinery, boost margin

The company invested Rs. 400 crore during a 28-day shutdown of its Vadinar oil refinery in Gujarat last year.

Aug 8, 2016

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Income Tax department raids offices of Muthoot Capital Services

The searches were carried out for alleged tax evasion.

Aug 7, 2016

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