The Reserve Bank of New Zealand raised interest rates by 0.5 percent, or 50 basis points, to 1.50 percent on yesterday. It is the fourth hike in a row as the central bank seeks to tame sharply rising inflation. The central bank in a statement said the hike, which was […]
Business
Stock Market: Sensex plunges 388 points, Nifty tumbles to 17,530
The Sensex and the Nifty today fell more than half a percent. Both stock indices declined for the second session in a row amid negative cues from global markets. The BSE Sensex closed below the 58,600 mark while the NSE Nifty ended below 17,550 level. The Sensex plunged 388 points, […]
Trade Agreements signed with Australia, UAE will open infinite opportunities for Indian Textiles: Piyush Goyal
Commerce and Industry Minister Piyush Goyal today said that new Economic Cooperation and Trade Agreements with Australia and UAE will open infinite opportunities for Textiles, Handloom and Footwear. Addressing a function in New Delhi, he said that Indian textile exports to Australia and UAE would now face zero duty and […]
Sensex, Nifty gain more than half a percent
The Sensex and the Nifty on Friday gained more than half a percent, snapping losing streak of three sessions. Both stock indices rose amid positive cues from global share markets. The BSE Sensex closed above 59,400 points and the NSE Nifty ended above 17,750 level. The Sensex climbed 412 points, […]
RBI keeps repo rate unchanged at 4 percent and reverse repo rate at 3.35 percent
The Reserve Bank of India in its monetary policy review has kept the repo rate unchanged at 4 percent and reverse repo rate at 3.35 percent. RBI Governor Shaktikanta Das while announcing the Monetary policy today said the Monetary Policy Committee (MPC) while assessing the macroeconomic situation and the outlook […]
Exports of agricultural products, including marine, for the year 2021-22 have crossed the 50 billion dollar mark, which is the highest level ever achieved in it. The Commerce and Industry Ministry in a statement on Wednesday said, as per the provisional figures released by Directorate General of Commercial Intelligence and Statistics, DGCIS, the agricultural exports have grown by 19.92 percent during 2021-22. This achievement over the past two years will go a long way in realising the Prime Minister’s vision of improving farmers’ income. The Ministry said, the highest ever exports have been achieved for staples like rice, wheat, sugar, other cereals and meat which resulted in benefiting farmers in many states. This achievement is the result of sustained efforts on the part of the Department of Commerce and its various export promotion agencies. It said, even in the Russia-Ukraine war crisis, the world is looking at India for supplies of wheat and other food grains. The Department of Commerce is continuing efforts to promote agriculture export so that the momentum gained over the past two years is sustained and agriculture exports touch new highs over the coming years.
The Sensex and the Nifty on Wednesday witnessed losses for the second day in a row. Both indices slipped amid weak cues from global share markets. The BSE Sensex closed near 59,600 points and the NSE Nifty ended near 17,800 level. The Sensex plunged 566 points, or 0.94 percent to […]
Exports of agricultural products for the year 2021-22 cross 50 billion dollar mark
Exports of agricultural products, including marine, for the year 2021-22 have crossed the 50 billion dollar mark, which is the highest level ever achieved in it. The Commerce and Industry Ministry in a statement on Wednesday said, as per the provisional figures released by Directorate General of Commercial Intelligence and […]
SBI signs MoU with Border Security Force to offer special benefits through CAPSP Scheme
State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the Border Security Force to offer special benefits to the serving and retired BSF personnel and family pensioners through the Central Armed Police Salary Package (CAPSP) Scheme. In a statement, bank said, the MoU will ensure extensive […]
HDFC to merge with HDFC Bank to create third most valuable company in the country
HDFC Limited will merge with HDFC Bank, creating a banking behemoth. The merger is set to make the company the third most valuable in the country. HDFC will acquire a 41 percent stake in HDFC Bank through the transformational merger. HDFC Limited Chairman Deepak Parekh has described it as a […]
75 Digital Banking Units in different districts to be set up in consumer- friendly manner: Bhagwat Karad
As announced in the Union Budget 2022-23, Seventy Five Digital Banking Units (DBUs) in different districts of the country will be set up so as to ensure that the benefits of digital banking are provided in the country in a consumer-friendly manner. This was stated by the Union Minister of […]