Citing personal reasons, Urjit Patel has resigned as the Reserve Bank of India governor. His resignation comes against the backdrop of increasing tensions between the Finance ministry and the Reserve Bank of India. Urjit Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shor ...Read More..
Highlights of Union Budget 2017-18
The 2017 Union Budget, presented by Finance Minister Arun Jaitley on Wednesday, was broadly focused on 10 issues — farming sector, rural population, youth, poor and health care for the underprivileged, infrastructure, financial sec ...Read More..
Moodys Investors Service on Thursday said that Reliance CommunicationsBSE -4.54 % ratings will remain on review for downgrade despite the company signing an agreement with Canada-based Brookfield Infrastructure to sell its tower assets.
Reliance Communications (RComs) B1 corporate family and senior secured ...Read More..
Gold prices were little changed near last weeks 11-month lows on Thursday, with liquidity fading in the run-up to the Christmas weekend.
for February delivery on the Comex division of the New York Mercantile Exchange dipped 45 cents, or 0.04%, to $1,132.75 a troy ounce by 3:55AM ET (08:55GMT), after fal ...Read More..
Marking its foray into wind power generation, state-owned NTPC has partnered with Inox Wind for a 50-MW wind project to be deployed in Gujarat.
Inox Wind Ltd... has bagged an order for a 50-mw wind power project to be deployed in the state of Gujarat from NTPC Ltd, a press release said. With 47 GW of capacity u ...Read More..
Axis Bank, Indias top importer of gold, has suspended the bank accounts of some bullion dealers and jewelers after two of its executives at a branch were arrested over alleged money laundering.
The move is likely to curtail imports by the worlds second-biggest gold consumer this month and could weigh on global prices ...Read More..
With people going through hardship across the country due to cash crunch in the wake of Governments demonetisation move, domestic carrier Jet Airways has offered its customers the facility of staggered payments for bookings its flights.
The Mumbai-headquartered private airline has tied up with leadings banks in ...Read More..
PTC India aims to infuse Rs 600 crore as equity into PTC Energy with an eye to generating 300 MW of renewable power by March under the wholly-owned subsidiary, a senior company official with the power trading company told Moneycontrol.
We will capitalise it to set up another 250 MW capacity. Our objective is to ...Read More..
The Kremlin said that Russia had finalised a deal to privatise 19.5 percent of state-owned oil giant Rosneft. Rosneft chief Igor Sechin informed President Vladimir Putin about the completion of a privatisation deal of 19.5 percent of shares of the largest Russian oil company Rosneft, Kremlin spokesman Dmitry Peskov told repor ...Read More..