RBI to maintain comfortable liquidity conditions, announces Rs 20K cr OMOs

Mumbai (IANS) To maintain comfortable liquidity conditions in the Covid battered economy, the Reserve Bank of India (RBI) on Friday announced the sale and purchase of government securities worth Rs 20,000 crore under open market operations (OMOs).

RTGS transfers can be done 24x7 from December

Mumbai (IANS) In a move to facilitate more convenience for online fund transfers, the Reserve Bank of India (RBI) has decided to make Real Time Gross Settlement (RTGS) system available round the clock from December 2020.

The decision comes…

Sensex crosses 40,000, IT stocks surge

Mumbai (IANS) The BSE Sensex soared over 400 points on Thursday morning to cross the 40,000 mark.

Healthy buying was witnessed across sectors led by the IT stocks.

Around 9.35 a.m., the Sensex was trading at 40,328.14, higher by 449.19…

Amazon takes on Future over deal with Reliance Retail

New Delhi (IANS) In a major turn of events in the buyout of the businesses of the debt laden Future Group by Reliance Retail, e-commerce giant Amazon.com, Inc has stepped in and said that Future Group violated a contract with it by entering into the…

Equity indices turn green, Sensex nears 39,900

Mumbai (IANS) The key Indian equity indices turned green on Wednesday after an initial subdued trade, with the BSE Sensex gaining over 300 points.

The Sensex traded near the 39,900 mark and the Nifty50 on the National Stock Exchange was trading…

RBI's MPC meet on Oct 7-9 as Centre appoints external members

Mumbai (IANS) The Reserve Bank of India will announce the monetary policy on October 9 as the Monetary Policy Committee (MPC) will meet during October 7-9.

The announcement by the Central bank comes after the government filled the vacancies…

Foreign firms flouting MSME tendering norms: CEAI to Gadkari

New Delhi (IANS) An engineering professionals body has written to Union Minister Nitin Gadkari alleging that foreign companies are flouting the MSME tendering norms.

The Consulting Engineers Association of India (CEAI), in a letter to Gadkari,…

India's economic fundamentals remain strong, says BSE chief

Mumbai (IANS) Despite Covid-induced moderation, India's economic fundamentals remain strong, thereby retaining investors' interest, contended the chief of the Bombay Stock Exchange.

In a conversation with IANS, BSE MD and CEO Ashishkumar…

Centre to pay GST compensation cess, IGST dues on Monday: FM

New Delhi (IANS) The Centre will disburse GST compensation cess amounting to Rs 20,000 crore to the state government on Monday night, Finance Minister Nirmala Sitharaman said.

The decision was taken during the GST Council meet held on Monday.

Adani Ports acquires Krishnapatnam Port Company

Mumbai (IANS) Adani Ports and Special Economic Zone Limited (APSEZ) on Monday announced the completion of the acquisition of Krishnapatnam Port Company Ltd, (KPCL) for an enterprise value of Rs 12,000 crore.

It will result in APSEZ having a…