RBI central board discusses policy structure for coop banks, NBFCs

Bhubaneswar (IANS) The RBI central board on Friday discussed policy framework for cooperative banks, NBFCs, current economic situation and domestic and global challenges.

The board's discussions focussed on issues related to urban cooperative…

Govt's stimulus report card says FDI inflow at record level

New Delhi (IANS) The Finance Ministry on Friday presented a status report on the impact of the recently announced stimulus measures and said that FDI inflows rose exponentially during the first half of the fiscal FY19-20.

According to the ministry,…

Sensex jumps 300 pts, Nifty tops 12k in early trade

Mumbai (IANS) Sensex advanced over 300 points during the early trade on Friday while the Nifty surpassed the 12,000 mark.

Investors were upbeat owing to the Fed's dovish stance on future rate trajectory and strengthening rupee.

At…

Nestle fined Rs 90 cr for not passing on GST rate cut

New Delhi (IANS) The national anti-profiteering agency has slapped a Rs 90 crore penalty on FMCG giant Nestle India for not passing on the benefit of the goods and services tax (GST) reduction to consumers. It also asked Nestle to deposit the amount…

Sensex up 173 pts ahead of IIP, CPI

Mumbai (IANS) Sensex and Nifty opened higher on Thursday ahead of the release of key macro figures -- CPI and IIP -- later in the day.

Analysts have said that the upcoming macro indicators like CPI inflation and the IIP data were unlikely to…

Yes Bank plunges 12% ahead of key meet

Mumbai (IANS) Stock price of Yes Bank on BSE extended losses on Tuesday, falling nearly 12 per cent, as investors feared an adverse outcome of the crucial board meeting later.

The Ravneet Gill-led fourth largest bank is expected to take a call…

Equity flows slip 78 pc in November

New Delhi (IANS) Net inflows into equity mutual funds dipped sharply to multi-year lows in November as on one hand, outflows from credit risk funds continued, while inflows into equity funds fell as much as 85 per cent.

Net inflows into equities…

Electricity futures may become a reality next fiscal

New Delhi (IANS) After prolonged delays, India may soon open derivatives market for the power sector allowing both power generators and consumers to enter into futures contract and use it as a new hedging tool to mitigate price volatility and other…

Sensex opens marginally higher, auto stocks gain

Mumbai (IANS) Sensex and Nifty opened marginally higher on Monday. Gains were led by Yes Bank, Zee, Maruti Suzuki and Tata Motors.

Auto stocks were trading higher, led by gains in Maruti Suzuki. The auto major increased its production in November…

Growth Catalyst: Jewar Airport expected to create infra, generate jobs

New Delhi (IANS) The upcoming International Airport at the Jewar township of Greater Noida is expected to be a growth catalyst for the region, say industry analysts, as the project is expected to create urban infrastructure and generate jobs.