Weak rupee hits a fresh low

The rupee on Thursday fell 26 paise to close below the 70-mark as it buckled under worries over a higher trade deficit. The unit settled at 70.15 to the dollar after hitting an intra-day low of 70.40.
Our Special Correspondent Aug 17, 2018 00:00 IST

Inflation remains a headache for RBI

The members of the monetary policy committee (MPC) remained worried about the upward risks to inflation as they voted to raise the policy rate earlier this month.
Our Special Correspondent Aug 17, 2018 00:00 IST

Oil import bill awaits crude shock

The slump in the value of the rupee is expected to jack up the oil import bill by at least $26 billion in the current fiscal.
Our Special Correspondent Aug 17, 2018 00:00 IST

Debt listing period halved

The Securities and Exchange Board of India (Sebi) has halved the timeline to list debt securities to six days. The market regulator also made the ASBA (Application Supported by Blocked Amount) mandatory for the public issue of debt securities.
Our Special Correspondent Aug 17, 2018 00:00 IST

Consensus builder who took reforms forward

Atal Behari Vajpayee was quite literally the Millennium Man.
Jayanta Roy Chowdhury Aug 17, 2018 00:00 IST

Bengal moots tea wage hike

The Bengal government has proposed a daily wage hike of Rs 17 for tea workers as an interim measure.
OUR CORRESPONDENT Aug 17, 2018 00:00 IST

Fresh China bid to end trade tussle

China will hold a fresh round of trade talks with the United States in Washington later this month, Beijing said on Thursday, offering a glimmer of hope for progress in resolving a conflict that has set the world financial markets on edge.
Reuters Aug 17, 2018 00:00 IST

Jaitley allays fears over rupee

A day after the rupee hit an all-time low, Arun Jaitley, in a tweet on Wednesday said India's foreign exchange reserves are comfortable by global standards and sufficient to mitigate any undue volatility in the foreign exchange market.
Our Special Correspondent Aug 16, 2018 00:00 IST

Fresh drill for Pawan Hans sale

The government on Wednesday called for global bids for the privatisation of helicopter service provider Pawan Hans.
R. Suryamurthy Aug 16, 2018 00:00 IST

Default diktat on course

Market regulator Sebi is looking to stipulate a framework for timely and detailed disclosures of loan defaults by listed entities to enhance transparency.
Our Bureau Aug 16, 2018 00:00 IST

Telecom panel call on spectrum allocation

The Telecom Commission, the apex decision making body of the telecom department, is likely to meet on August 31 to discuss Trai's recommendation on spectrum allocation, according to official sources.
Aug 16, 2018 00:00 IST


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