BENGALURU – India’s retail inflation likely accelerated to a seven-month high in May on rising food prices, but it is expected to remain well below the Reserve Bank of India’s target, giving it room to ease policy further, a Reuters poll found. The RBI changed its stance to […]
open view news desk In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.37/2019-CUSTOMS (N.T.), dated 16th May, 2019 except as respects things done or omitted to […]
Mumbai, Jun 6: In a move that may lead to lower home, auto and other loan EMIs, the RBI Thursday cut interest rates for the third time this year by 25 basis points to their lowest level in nine years and signalled more easing as it looked to support […]
New Delhi, May 19: Regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election related events lined up. The heightened surveillance and monitoring systems are already in place for Monday, the […]
Mumbai, May 17: The BSE Sensex soared 537 points and the NSE Nifty reclaimed the 11,400 level Friday in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds. The 30-share BSE benchmark closed 537.29 points, or 1.44 per cent, higher at […]
BENGALURU – India inflation likely crept up slightly to a six-month high in April, driven mainly by food prices, a Reuters poll found, although holding below the Reserve Bank of India’s medium-term target of 4 percent for the ninth straight month. If true, that would support expectations for […]
Mumbai, May 8: Markets wilted under selling pressure for the sixth straight day Wednesday as investor sentiment remained grim amid US-China trade tensions and declining foreign fund inflows. The 30-share BSE Sensex plunged 487.50 points, or 1.27 per cent, to end at 37,789.13; while the broader NSE Nifty […]
Mumbai, May 6: The BSE Sensex Monday cracked over 362.92 points in line with global sell-offs amid renewed fears that trade negotiations between the US and China are on the verge of collapse. Similarly, the NSE Nifty dived 114 points to settle below the 11,600-level. In a sign of […]
NEW DELHI – India’s annual wholesale price inflation in February accelerated to 2.93 percent, government data showed on Thursday, pushed by a jump in the prices of food and fuel products, after falling to a 10-month low of 2.76 percent in January. The wholesale price inflation last month […]
MUMBAI – The Reserve Bank of India (RBI) on Thursday unexpectedly lowered interest rates and, as anticipated, changed its policy stance to “neutral” to boost a slowing economy after a sharp slide in the inflation rate. The cut is welcome news for Prime Minister Narendra Modi’s government, which […]
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