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

India Inc on growth track

The trends emerging from the first-quarter results seem positive with corporate India posting a broad-based revenue growth of 22 per cent over the year-ago period. Sales growth during the quarter was led by consumer-oriented and commodity-linked sectors.
Our Special Correspondent Aug 16, 2018 00:00 IST

NTPC plans coal mining subsidiary

State-run power giant NTPC will soon set up a subsidiary to handle its coal mining operations and also plans to enter commercial coal mining after meeting its requirement, an official said.
Aug 16, 2018 00:00 IST

MF inflow at Rs 10,585cr in July

Investors pumped a staggering Rs 10,585 crore into equity mutual funds in July, mainly driven by strong corporate earnings and a near-normal monsoon.
Aug 16, 2018 00:00 IST

Rupee falls below 70, recovers

The rupee breached the psychological barrier of 70 to the dollar on Tuesday but quickly turned around on the back of RBI support and recovery in the Turkish lira, which had been responsible for the turmoil in the currency market.
Our Special Correspondent Aug 15, 2018 00:00 IST

Hands-off policy cue

India may allow the rupee to fall and would only intervene to check any extreme volatility as the tumble of the Turkish lira roils emerging markets, finance ministry officials said.
Our Special Correspondent Aug 15, 2018 00:00 IST

RBI frowns upon Kotak stake move

The Reserve Bank of India has said the recent stake dilution by Kotak Mahindra Bank's founder Uday Kotak does not meet its regulatory norms on the same, something the private sector lender contested.
Our Special Correspondent Aug 15, 2018 00:00 IST

JSW ups ante in BPSL race

Sajjan Jindal's JSW Steel has made the highest offer for Bhushan Power and Steel Ltd (BPSL), topping the bids of rival Tata Steel and Liberty House of the UK.
Our Special Correspondent Aug 15, 2018 00:00 IST


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