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Customers' money safe, says PNB

April 03, 2018

NEW DELHI: State-run lender Punjab National Bank (PNB) has said its customers' "money is safe with us". Addressing its customers through a FAQ document, the fraud-hit bank said: "The bank has a strong balance sheet of around Rs 11 lakh crore and sufficient non-core assets to meet any contingent liability on the bank. We are and will always be comm...

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Key Indian equity indices open flat

April 03, 2018

MUMBAI: Key Indian equity indices opened on a flat note with nominal losses on Tuesday. Around 9.16 a.m., the wider Nifty 50 of the National Stock Exchange (NSE) fell by 19.75 points or 0.19 per cent to trade at 10,192.05 points. The barometer 30-scrip Sensitive index (Sensex) of the BSE, which opened at 33,197.42 points, traded at a 33,253.12 po...

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RBI fines ICICI Bank Rs 59 cr for securities' sales violation

March 29, 2018

Mumbai: The Reserve Bank of India (RBI) said on Thursday it has imposed a penalty of Rs 58.9 crore on ICICI Bank for non-compliance of its directions on direct sale of securities. The bank clarified its position saying its held-to maturity (HTM) sales happened "due to a genuine misunderstanding on the timing of the applicability of RBI's direction...

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Equity indices open lower, Nifty50 slips below 10k mark

March 23, 2018

Mumbai: Key Indian equity indices on Friday opened on a subdued note following a global sell-off, with the Nifty50 of the National Stock Exchange (NSE) slipping below the 10,000-level. At 9.16 a.m., the Nifty50 -- which opened at 9,968.80 points -- declined by 120.20 points or 1.19 per cent to trade at 9,994.55 points. The barometer 30-scrip Sens...

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Markets open in red on Wednesday

March 14, 2018

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. The Sensex of the BSE after opening at 33,733.55 points touched a high of 33,800.04 and low of 33,713.96 points. On Tuesday the Sensex closed at 33,856.78 points. The Sensex is trading at 33,763.09 down by 93.69 points o...

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India's April-January fiscal deficit at 113.7% of full year's target

February 28, 2018

NEW DELHI: India's fiscal deficit for April-January period of 2017-18 stood at 113.7 per cent of the full year's target, official data showed here on Wednesday. The data furnished by the Comptroller General of Accounts (CGA) showed that during April-January, the fiscal deficit stood at Rs 6.77 lakh crore, which is 113.7 per cent of the full year'...

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India has all three factors of the economy: Narendra Modi

February 27, 2018

NEW DELHI: Prime Minister Narendra Modi on Tuesday said bilateral trade between India and South Korea in 2017 reached $20 billion, the first time in six years. Modi also said that he wondered how South Korea, a country of the size of Gujarat, could make such economic progress. "It is heartening to note that the bilateral trade crossed $20 billion...

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Markets open on in green on Wednesday

February 21, 2018

MUMBAI: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade. The Sensex of the BSE after opening at 33,813.83 points, touched a high of 33,912.36 points and a low of 33,813.33 points. On Tuesday the Sensex closed at 33,703.59 points. The Sensex is trading at 33,858.21 points up by ...

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Rupee gains 19 paise against dollar in opening trade

February 14, 2018

MUMBAI: The rupee strengthened by 19 paise to 64.13 against the US dollar in opening trade today aided by stronger domestic equities. The weakness in dollar against some currencies overseas after US Federal Reserve chairman Jerome Powell said that the central bank would remain alert to risks to financial stability in the wake of recent market rout...

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Brakes India and JV partner ZF showcase future technologies at Auto Expo 2018

February 08, 2018

New Delhi, 8th February 2018: Brakes India and JV partner ZF are showcasing future technologies and products at the Auto Expo 2018 components show. Advanced electronics, driver assist, and electronic stability control brake systems are among the key innovations shaping the future of mobility. Brakes India is reinforcing its commitment to introducin...

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