More steps likely to cut current account deficit: Arun Jaitley

New Delhi (IANS): Finance Minister Arun Jaitley said on Saturday the government was trying its best to narrow down the current account deficit (CAD) and more steps were likely in that direction.

He said while the government had already taken…

Likely RBI intervention helps rupee recover from record low

New Delhi  (IANS): A likely intervention by the country's central bank along with expectations of some short-term measures in the upcoming monetary policy to curb currency fluctuations aided the Indian rupee to recover on Thursday from its…

Sensex down 400 points, Nifty below 11,500-mark as RBI rate hike likely

Mumbai (IANS): Caution ahead of the likely RBI rate hike on Friday, the investor sentiments' were subdued leading the S&P BSE Sensex to lose over 400 points during the afternoon trade session on the day, while the Nifty50 traded below the…

Huawei gets DoT invite to take part in 5G trials in India

New Delhi (IANS): Putting speculation about its participation in India's 5G roll-out process to rest, Chinese telecom giant Huawei on Friday said it had received an invitation from the Department of Telecommunications to take part in the trials…

Rupee touches new low at 73.77 per Dollar

Mumbai (IANS) The Indian rupee plunged to a fresh record low of 73.77 to a US dollar on Thursday morning.

It stood at 73.77 (73.7688) to a dollar -- the lowest ever mark -- it has touched against the greenback.

…

Weak rupee to attract NRI investments into Indian real estate

New Delhi, Oct 4 (IANS) With the Indian rupee under pressure for the past few months and declining to its lowest-ever levels, real estate players expect non-resident Indian, or NRI, investments in the sector to gain momentum.

A weaker…

Chanda Kochhar quits ICICI Bank

Mumbai (IANS): ICICI Bank said on Thursday that its CEO, Chanda Kochhar, has quit the company.

"The Board of Directors of ICICI Bank Limited accepted the request of Ms Chanda Kochhar to seek early retirement from the Bank at the earliest,"…

Sensex ends 550 points down on weak rupee, RBI rate hike fears

Mumbai (IANS): Amidst a weak rupee and a likely hike in interest rates by the Reserve Bank of India (RBI), the key Indian equity indices closed in the red on Wednesday, with the S&P BSE Sensex closing 550 points lower, and the Nifty50 below the…

Bank Of Maharashtra closes 51 branches to cut costs

Pune (Maharashtra) (IANS): The Bank Of Maharashtra (BoM) has closed 51 branches across the country as part of cost-cutting measures in the banking industry, an official said on Wednesday.

All the closed branches were in urban centres and were…

US dollar ticks up amid uncertainty in Europe

New York (IANS) The US dollar rose as British pound and euro turned weaker.

The US dollar appreciated almost 0.5 percent against the British pound and around 0.25 percent against the euro.

The dollar index, which measures…