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 […]

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, […]

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 […]

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, […]

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 […]

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, 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 […]

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 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 […]

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 […]