Government Stock - Full Auction Results

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Oil marketing companies decline on recovery in global crude oil prices

Shares of Oil India also fell after the stock turned ex-date for the proposed buyback.

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Lupin launches generic Nystatin and Triamcinolone Acetonide cream

As per IQVIA MAT September 2018, Nystatin and Triamcinolone Acetonide Cream had annual sales of $54.3mn in the US.

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Kesoram Industries to demerge tyre business; stock gains 7%

As per CNBC-TV 18 report, Kesoram Industries, a tyres, cement, and rayon marker is considering demerger of its tyre business and plans to announce the same officially in next week.

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RCom soars 10% after SC tells govt to clear spectrum sale

The operator has been given two days to furnish the guarantee basis on which the DoT will have to grant a final approval for the spectrum sale to Jio in one week's time, the SC order said.

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Tata Motors decelerates 3% as JLR plant on halt

This could affect about 500 full time workers at the plant, who will be given leave during the duration of the freeze.

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Government Stock - Auction Results: Cut-off

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Hotel Leela nosedives 10% after doubling in the current week

Shares of Hotel Leela nosedived 10% intraday on Friday after doubling in the current week on the news that a consortium comprising Thailands Minor International (Minor) and Trinity White City Ventures plans to invest about Rs2,500cr (or $350mn) in Hotel Leela Venture, as per media sources.

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Hotel Leela falls 10% after doubling in the current week

Shares of Hotel Leela nosedived 10% intraday on Friday after doubling in the current week on the news that a consortium comprising Thailands Minor International (Minor) and Trinity White City Ventures plans to invest about Rs2,500cr (or $350mn) in Hotel Leela Venture, as per media sources.

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Fifth Bi-monthly Monetary Policy Statement, 2018-19

The Monetary Policy Committee (MPC) will meet during December 3 to 5, 2018 for the Fifth Bi-monthly Monetary Policy Statement for 2018-19. The resolution of the MPC will be placed on the website at 2.30 pm on December 5, 2018. Jose J. Kattoor Chief General Manager Press Release : 2018-2019/1249

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Result of the 14-day Variable Rate Repo Auction held on November 30, 2018

Tenor 14-day Notified Amount (in ₹ billion) 235.00 Total amount of bids received (in ₹ billion) 110.50 Amount allotted (in ₹ billion) 110.50 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.52 Partial Allotment Percentage of bids received at cut off rate NA Ajit Prasad Assistant Adviser Press Release : 2018-2019/1248

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Money Market Operations as on November 29, 2018

(Amount in ₹ billion, Rate in Per cent) MONEY MARKETS @       Volume Wtd.Avg.Rate Range (One Leg) A. Overnight Segment (I+II+III+IV) 2,066.58 6.32 5.00-6.85      I. Call Money 162.34 6.36 5.00-6.55      II. Triparty Repo 1,415.66 6.30 6.05-6.38      III. Market Repo 483.58 6.35 5.35-6.50      IV. Repo in Corporate Bond 5.00 6.85 6.85-6.85 B. Term Segment            I. Notice Money** 6.93 6.81 5.55-7.05      II. Term Money@@ 1.38 - 7.00-7.50      III. Triparty Repo 0.00 - -      IV. Market Repo 0.55 6.75 6.75-6.75      V. Repo in Corporate Bond 5.00 6.75 6.75-6.75

RBI OPERATIONS@   Auction Date Tenor (Days) Maturity Date Amount Outstanding Current Rate / Cut off Rate C. Liquidity Adjustment Facility    (i) Repo (Fixed Rate) 29/11/2018 1 30/11/2018 38.96 6.50    (ii) Repo (Variable rate) 13/11/2018 56 08/01/2019 200.02 6.60   13/11/2018 28 11/12/2018 200.01 6.55   16/11/2018 14 30/11/2018 235.00 6.53   20/11/2018 14 04/12/2018 230.01 6.52   22/11/2018 15 07/12/2018 235.01 6.52   27/11/2018 14 11/12/2018 107.20 6.51    (iii) Reverse Repo (Fixed rate) 29/11/2018 1 30/11/2018 258.87 6.25    (iv) Reverse Repo (Variable rate) 26/11/2018 7 03/12/2018 109.36 6.49   27/11/2018 7 04/12/2018 118.62 6.49   29/11/2018 7 06/12/2018 144.55 6.49 D. Marginal Standing Facility 29/11/2018 1 30/11/2018 0.51 6.75 E. Standing Liquidity Facility Availed from RBI $     21.04   RESERVE POSITION @ F. Cash Reserves Position of Scheduled Commercial Banks (i) Cash balances with RBI as on # 22/11/2018 5,009.56     23/11/2018 4,765.73   (ii) Average daily cash reserve requirement for the fortnight ending 23/11/2018 4,854.51   G. Government of India Surplus Cash Balance Reckoned for Auction as on ¥ 29/11/2018 0.00   @ Based on RBI / CCIL/ FIMMDA Data - Not Applicable / No Transaction ** Relates to uncollateralized transactions of 2 to 14 days tenor. @@ Relates to uncollateralized transactions of 15 days to one year tenor # The figure for the cash balances with RBI on Sunday is same as that of the previous day (Saturday). $ Includes refinance facilities extended by RBI ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015 Ajit Prasad Assistant Adviser Press Release : 2018-2019/1247

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Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on November 29, 2018 is as under: Amount (face value in ₹ Billion) Items Overnight Reverse Repo Auction 6.25% Fixed Rate 1. Bids received   (i) Number 57 (ii) Amount 258.87 2. Bids accepted   (i) Number 57 (ii) Amount 258.87 Ajit Prasad Assistant Adviser Press Release: 2018-2019/1246

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RBI to conduct 7-day Variable rate Reverse Repo auction under LAF on November 30, 2018

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auction on November 30, 2018, Friday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Sl. No. Notified Amount (₹ billion) Tenor (day) Window Timing Date of Reversal 1. 500 7 3.30 pm to 4.00 pm December 7, 2018 (Friday) Successful offers will get accepted at their respective offered rates. Offers at or above the repo rate will be rejected. Anirudha D. Jadhav Assistant Manager Press Release : 2018-2019/1245

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Oil India falls after it turns ex-date for share buyback

The board of directors of Oil India has fixed December 3, 2018, as the record date to determine the entitlement and names of the shareholders who are eligible to participate in the buyback.

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Fuel prices fall on oil slip, rupee gain

Petrol, at ₹73.24 in Delhi, dips to an eight-month low

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Jaitley moots new federal bodies

Says healthcare and agriculture need an institution similar to the GST Council.

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NITI Aayog chief ready for debate

NITI Aayog Vice-Chairman Rajiv Kumar on Thursday accepted the challenge of former Finance Minister P. Chidambaram for a debate on the revised GDP dat

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Back series GDP data: Jaitley accuses Congress of opportunism

Minister says party had backed new-series GDP data when it showed strong growth during UPA rule

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RBI moves to ease liquidity for non-banking finance firms

Relaxes holding period for securitisation of loans to six months from one year

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Banking

Banks find themselves forced to garner fresh deposits at a faster pace to meet the demands of loan economy.

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Banking

NCLT took action following a petition filed by operational creditors to the company and appointed an interim resolution professional, prompting the financial creditors led by State Bank of India to swing into action.

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Banking

Monitoring committee will petition NCLT to seek more time to look for new takers, among other options.

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Banking

In addition to an increase in the MCLR, the spread over MCLRs for various categories of loans is also going up, resulting in an increase in the overall rates in the banking system.

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Banking

Seven Indian workers from IL&FS have been detained since November 25 in Ethiopia by unpaid local staff.

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Banking

Exporters get the subsidy under the 'Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit'.

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Banking

While issuing the guidelines in May this year, the RBI had said the date of its implementation would be notified in a due course.

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Banking

The proposed transaction values SBI GI at over Rs 12,000 crore. The deal is subject to regulatory approvals, said SBI.

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Banking

The private sector lender will recommend the name of new chairman for approval by the RBI after the meetings of the Nomination and Remuneration Committee (N&RC) and the board of directors scheduled for December 13.

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Banking

The RBI has eased norms for NBFCs to sell or securitise their loan books, in a bid to ease stress in the sector.

from Banking/Finance-Industry-Economic Times https://ift.tt/2AuHPL8

Number theory: on lowering UPA-era GDP growth rate

The larger lessons from the GDP back series must not be clouded by a political slugfest

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Cool it: on labour loss due to heatwave

Increased exposure to heatwaves needs a policy response, nationally and globally

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4 Indian-origin women among Forbes list of top female US tech moguls

Four Indian-origin women have been named by Forbes among America’s top 50 female technology moguls, a list that includes IBM CEO Ginni Rometty and Ne

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Future to launch online version of Brand Factory

Future Group will be launching an online version of its discounted retail chain ‘Brand Factory’ in February, its CEO Kishore Biyani said on Thursday,

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‘Risk, an integral part of any business’

Leading business leaders Uday Kotak and Anand Mahindra believe that proliferation of regulations in business, especially in the current environment,

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Cement sector eyes double-digit growth

We are seeing traction after 8 years, momentum is building up: Ultratech MD

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ICICI Prudential MF settles row with SEBI

Pays ₹89.96 lakh; second bid during ICICI Securities public offer was under lens

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Govt. to move nearly half of Air India’s ₹55,000-cr. debt to SPV

‘Will help cash-strapped airline to cut loan expenditure’

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NCLAT upholds verdict to review RIL-JM bid for Alok

The reconsideration of bid was ordered due to IBC changes

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Listed airlines need ₹35,000 cr. capital in four years: ICRA

Jet, Indigo, SpiceJet see ₹20-cr. loss a day in first half of FY19

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HDFC Bank to solve app issue soon

HDFC Bank said the issue related to the downloading of its new app would be resolved soon.While we are looking to resolve it on a priority basis, cus

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TAFE in tech alliance with ISEKI of Japan

To make compact tractors in the 35-54 hp range

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BSNL’s 3,000 customer service centres to offer Aadhaar services

BSNL joins the roster of entities that are authorised to offer Aadhaar services.

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Japanese prosecutors vow to hold former Nissan chairman Carlos Ghosn as long as needed

Japanese prosecutors on Thursday said they will detain former Nissan chairman Carlos Ghosn for as long as is needed to finish their investigation int

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Legal Entity Identifier Code for participation in non-derivative markets

RBI/2018-19/83 FMRD.FMID.No.10/11.01.007/2018-19 November 29, 2018 To All eligible market participants Dear Sir/Madam Legal Entity Identifier Code for participation in non-derivative markets The Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. The LEI is a 20-character unique identity code assigned to entities who are parties to a financial transaction. Globally, use of LEI has expanded beyond derivative reporting and it is being used in areas relating to banking, securities market, credit rating, market supervision, etc.(https://www.gleif.org/en/about-lei/regulatory-use-of-the-lei). The LEI system has been implemented in a phased manner for participants (other than individuals) in the over-the-counter markets for rupee interest rate derivatives, foreign currency derivatives and credit derivatives in India in terms of RBI circular FMRD.FMID No. 14/11.01.007/2016-17 dated June 1, 2017 and for large corporate borrowers of banks in terms of RBI Circular DBR.No.BP.BC.92/21.04.048/2017-18 dated November 2, 2017. 2. In the Statement on Developmental and Regulatory Policies, First Bi-monthly Monetary Policy Statement for 2018-19 (Paragraph No. 8), dated April 05, 2018, it was proposed to implement the LEI mechanism for all financial market transactions undertaken by non-individuals in interest rate, currency or credit markets regulated by RBI. Accordingly, draft directions in this regard were issued for public comments on June 20, 2018. Based on comments received during the consultation, the directions on requirement of LEI Code for participation in non-derivative markets have been finalized as below. 3. All participants, other than individuals, undertaking transactions in the markets regulated by RBI viz., Government securities markets, money markets (markets for any instrument with a maturity of one year or less) and non-derivative forex markets (transactions that settle on or before the spot date) shall obtain Legal Entity Identifier (LEI) codes by the due date indicated in the schedule given in Annex. Only those entities that obtain an LEI code on or before the due dates applicable to them shall be able to undertake transactions in these financial markets after the due date, either as an issuer or as an investor or as a seller / buyer. Transactions undertaken on recognized stock exchanges are outside the purview of the LEI requirement. 4. In case of non-derivative forex transactions, while all inter-bank transactions shall be subject to LEI requirement, client transactions shall require LEI code for transactions involving an amount equivalent to or exceeding USD one million or equivalent thereof in other currencies. 5. Non-resident entities undertaking financial transactions in the relevant markets shall also require LEI code. Such entities that are not legal entities in their country of incorporation (e.g., funds operated by a non-resident parent/management company that are each registered as an FPI) shall use the LEI code of the parent/management company. 6. Entities responsible for executing transactions, reporting or for depository functions in these markets shall capture the LEI code of the transacting participants in their systems. 7. Entities can obtain LEI from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF) (https://www.gleif.org/en). In India LEI code may be obtained from Legal Entity Identifier India Ltd. (LEIL) (https://www.ccilindia-lei.co.in). The rules, procedures and documentation requirements may be ascertained from LEIL (https://www.ccilindia-lei.co.in/USR_FAQ_DOCS.aspx). 8. Entities undertaking financial transactions shall ensure that their LEI code is considered current under the rules of the Global LEI System. Lapsed LEI codes shall be deemed invalid for transactions in markets regulated by RBI. 9. The Directions are issued under section 45W, read with section 45U, of the Reserve Bank of India Act, 1934. Yours faithfully (T. Rabi Sankar) Chief General Manager Annex Schedule for Implementation of LEI in the Money market, G-sec market and Forex market Phase Net Worth of Entities Proposed deadline Phase I above Rs.10000 million April 30, 2019 Phase II between Rs.2000 million and Rs 10000 million August 31, 2019 Phase III up to Rs.2000 million March 31, 2020

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Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines

RBI/2018-19/84 DBR.BP.BC.No.08/21.04.098/2018-19 November 29, 2018 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines Please refer to our circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 on final Net Stable Funding Ratio (NSFR) guidelines. 2. It has now been decided that the NSFR guidelines will come into effect from April 1, 2020. Yours faithfully (Saurav Sinha) Chief General Manager-in-Charge

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Relaxation on the guidelines to NBFCs on securitisation transactions

RBI/2018-19/82 DNBR (PD) CC.No.95/03.10.001/2018-19 November 29, 2018 All NBFCs Madam/Sir, Relaxation on the guidelines to NBFCs on securitisation transactions Please refer to the Guidelines on Securitisation Transactions vide paragraph 102 of Master Directions on Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions dated September 01, 2016 and paragraph 89 of Non-Banking Financial Company –Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions dated September 01, 2016. 2. In order to encourage NBFCs to securitise/assign their eligible assets, it has been decided to relax the Minimum Holding Period (MHP) requirement for originating NBFCs, in respect of loans of original maturity above 5 years, to receipt of repayment of six monthly instalments or two quarterly instalments (as applicable), subject to the following prudential requirement: Minimum Retention Requirement (MRR) for such securitisation/assignment transactions shall be 20% of the book value of the loans being securitised/20% of the cash flows from the assets assigned. 3. The above dispensation shall be applicable to securitisation/assignment transactions carried out during a period of six months from the date of issuance of this circular. Other terms and conditions of the above referred Directions remain the same. Yours faithfully (Manoranjan Mishra) Chief General Manager

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Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit

RBI/2018-19/81 DBR.Dir.BC.No.09/04.02.001/2018-19 November 29, 2018 All Scheduled Commercial Banks (excluding RRBs) Small Finance Banks and Primary (Urban) Cooperative Banks Dear Sir / Madam, Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit Please refer to the operational instructions for the captioned scheme contained in RBI circular on Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit issued vide DBR.Dir.BC.No.62/04.02.001/2015-16 dated December 4, 2015 and DCBR.CO.SCB.Cir.No.1/13.05.000/2015-16 dated February 11, 2016. 2. In this regard, it has been decided by the Government of India to increase w.e.f. November 02, 2018 Interest Equalisation rate from 3% to 5% in respect of exports by the Micro, Small & Medium Enterprises (MSME) sector manufacturers under the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit. 3. In terms of para 2(c) of the Annex to the aforesaid RBI circulars, the Scheme is available to all exports under 416 tariff lines [at ITC (HS) code of 4 digits] and exports made by MSMEs across all ITC(HS) codes. It is therefore, advised that the benefit of the scheme be provided to all eligible MSME Exporters. Yours faithfully, (Prasant K Seth) General Manager

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India to chair Kimberley Process from January next year: Commerce Ministry

India is the founding member of Kimberley Process Certification Scheme and is actively involved in KP activities to ensure that almost 99 per cent of the diamond trade in the world is conflict free.

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RBI's excess capital should be used to recapitalise banks: Arvind Subramanian

Arvind Subramanian says he realises that in making this suggestion he is up against all the eminent current and former RBI officials, who argue that the RBI actually needs all the capital it has, but they are wrong.

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Politicians must learn to use data: Rajiv Kumar

Rajiv Kumar, vice-chairman of NITI Aayog, has rejected charges of data manipulation and said the revised GDP numbers were released after close scrutiny by country’s 10 leading statisticians.

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View: Politicisation of GDP numbers won't lead anywhere

Going by the furore following the release of the GDP data for the period 2005-06 to 2011-12 by the CSO, there is no consensus in sight even today on how to measure the GDP.

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India seeks to ease biggest hurdle for factories with new policy

Under the new policy, companies can lease land instead of buying. That may boost ease of biz in a big way.

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Traders export goods worth Rs 3.75 crore at Nathula border

Indian traders have exported goods worth Rs 3.75 crore during the 13th edition of bilateral trade between Indian and China at Nathula border in Sikkim this year, officials said Friday.

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GST on banks' 'free services' may be passed on to customers

Lenders get fresh tax notices for free of cost services offered to customers with minimum balance.

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Jaitley hits back at Chidambaram, Congress on back-series data

Jaitley said Chidambaram had welcomed revised numbers for last 2 years of UPA govt in 2015, when CSO changed method to calculate GDP.

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Economists say GDP data suggests slower potential growth

HDFC Bank said though the back-series does not show any directional change compared to the old series.

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​Key RBI panel may be tested at board exam

The CCB draws its powers from the RBI General Rules, which were drafted in 1949 when RBI was nationalised.

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Government nominee on RBI board Satish Marathe sees ample liquidity now

​​It can be noted that government has repeatedly complained about lack of liquidity and sought special interventions from RBI in the run-up to a crucial meet of the central board last week.​

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SBI blames adverse policies for missing private capital in infrastructure

Remarks come days after Union minister Nitin Gadkari blamed the Reserve Bank for "complicating" project finance and asked the central bank to aid infrastructure creation.

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Indian economy likely to grow at 7-7.4 per cent in FY19: NCAER

The current account balance and central fiscal deficit, as percentages of GDP, are projected at -2.3 per cent and 3.2 per cent respectively.

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Growth during UPA regime 'pretty decent' despite macro instability: Sanjeev Sanyal

Defending the revision in GDP growth rates for most of the 10-year UPA rule, Sanjeev Sanyal, Principal Economic Adviser in the Ministry of Finance, said the basis for the revision was use of internationally accepted standards.

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Indian government raises incentives to some small exporters: RBI

The eligible exporters will be able to avail rupee export credit from banks at 5 percent lower, compared to the earlier 3 percent, the RBI said.

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Indian IL&FS workers held hostage by unpaid staff in Ethiopia

Seven Indian workers from the shadow lender, which rocked financial markets after it began missing debt payments earlier this year, have been detained since November 25 at three sites in Ethiopia’s Oromia and Amhara states by unpaid local staff, according to an emailed letter from the employees.

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Why old GDP numbers are political fodder today

Before the numbers were revised, the average GDP growth rate under the Congress-led UPA government (2004-14) was 7.75%, higher than current NDA government's 7.35% but now UPA figures have gone down to 6.82%. That's a good selling point for the current government and a reason to cry foul for the last one.

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Rs 30k cr Air India debt to be transferred to new co

Air India will need to seek approval of lenders to transfer the debt. If that is hard to or does not come by, the government could even look at asking the SPV to raise the sum and pay off lenders, said a senior aviation ministry official.

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Politicians must learn to use data: NITI Aayog VC

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Rupee rises 21p to 3-month high against dollar

Forex traders said, increased selling of the American currency by exporters and banks and sustained foreign fund inflows also supported the domestic currency. At the interbank forex market, the rupee opened higher at 69.68 and rose further to quote at 69.64, showing a rise of 21 paise over its previous close.

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GDP growth may slow down to 7.4% in Q2: Poll

Meantime, while the growth rate may look respectable, the weakening trend is worrying as India needs growth of 8-per cent-plus to generate enough jobs for the more than 12 million young Indians entering the labour force each year.

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Barista to enter FMCG business, open restaurants

The New Delhi-headquartered chain, which competes with Café Coffee Day, Tata Starbucks and Costa Coffee, will also add 300 outlets in three years, taking the total number of Barista cafés to 500, Barista’s CEO Puneet Gulati told TOI.

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Sensex, Nifty open higher ahead of Q2 GDP data

On the BSE platform, Yes Bank, Mahindra & Mahindra, ONGC, Wipro and Infosys were among the top gainers with their stocks rising as much as 4.83 per cent. On NSE, all the sub-indices were trading in green with Nifty PSU Bank leading the pack, gaining 1.02 per cent.

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Yes Bank shares turn positive, up more than 5%

Shares of the private lender had tumbled 9.5 per cent (intra-day) on Thursday after Icra downgraded its long-term ratings. "The rating downgrade considers the series of resignations from the board of directors, which raises concerns on corporate governance at the bank," Icra said in a note on Wednesday.

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Niti Aayog VC accepts 'challenge' on revised GDP data

"Hon. @PChidambaram_IN Ji,challenge accepted. Let's discuss & dissect back series data. I gave 3 hrs of detailed interview yesterday & it is somewhat disingenuous of you to say that I asked the media to not ask questions. Do give more coherent reasons for ur difficulty with new data," Rajiv Kumar said in a tweet.

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Unilever boss steps down after HQ move fiasco

The Anglo-Dutch maker of iconic brands like Marmite and Dove soap will be headed from January by Alan Jope, the current chief of its huge beauty and personal care department.

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Cartoonscape — November 30, 2018

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Sun Pharma recovers mildly after allaying corporate governance woes

The pharma major also confirmed that there is no material impact of the said news article on the company.

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Sensex, Nifty off days high; Realty stocks outperform

The Nifty Realty index climbed ~2% on Friday amid heavy buying in Prestige, Oberoi Realty, Indiabulls Real Estate, and Brigade stocks.

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Eicher Motors launches Thunderbird 500X ABS

The maker of iconic Royal Enfield motorcycles has been upgrading its entire fleet of motorcycles with the anti-lock braking system (ABS).

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Repco up ~9% as RBI eases norms for NBFCs

Shares of Repco Home Finance are up ~9%. This rise can be attributed to the news that NBFCs can now securitize loans of more than five-year maturity after holding those for six months on their books.

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Bharat Fin stock rises after completing securitization transaction

With this transaction, the company has completed six securitization transactions worth Rs2,842cr in FY19.

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Asian Oilfield wins order worth Rs27.65cr; stock gains 5%

The company won an order worth Rs27.65cr from Oil & Natural Gas Corporation.

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Housing Finance stocks up after RBI eases loan securitization norms

Shares of Indiabulls HF, Gruh Finance, DHFL, Can Fin Homes, Repco Homes, Reliance Home Finance and GIC Housing surged in todays trade in the range of 4-2%, respectively

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Rupee rises 13 paise to 69.72 against the dollar

The rupee extended its gain on Friday on the back of easing global oil prices and a steady US dollar.

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Yes Bank up by 6% after hitting 33-month low yesterday

Shares of Yes Bank are up by 6% today after touching a fresh 52-week low as well as a 33-month low in yesterday's trading session.

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Tata Motors drops 3% as JLR puts Wolverhampton plant on halt

This could affect about 500 full time workers at the plant, who will be given leave during the duration of the freeze.

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Deposit rates may rise as credit grows faster

Banks find themselves forced to garner fresh deposits at a faster pace to meet the demands of loan economy.

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NCLT admits insolvency plea against power company EMC

NCLT took action following a petition filed by operational creditors to the company and appointed an interim resolution professional, prompting the financial creditors led by State Bank of India to swing into action.

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Cracks in Liberty House Group deal due to valuation, dues disagreement

Monitoring committee will petition NCLT to seek more time to look for new takers, among other options.

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Will savers earn higher interest income?

In addition to an increase in the MCLR, the spread over MCLRs for various categories of loans is also going up, resulting in an increase in the overall rates in the banking system.

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IL&FS India employees detained in Ethiopia by unpaid local staff

Seven Indian workers from IL&FS have been detained since November 25 in Ethiopia by unpaid local staff.

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Interest subsidy for MSME sector exporters increased to 5 per cent: RBI

Exporters get the subsidy under the 'Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit'.

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Net stable funding ratio norms for banks from April, 2020: RBI

While issuing the guidelines in May this year, the RBI had said the date of its implementation would be notified in a due course.

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SBI okays 4% stake sale in general insurance arm for Rs 482 crore

The proposed transaction values SBI GI at over Rs 12,000 crore. The deal is subject to regulatory approvals, said SBI.

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Yes Bank's Rana Kapoor unlikely to contest for the post of chairman

The private sector lender will recommend the name of new chairman for approval by the RBI after the meetings of the Nomination and Remuneration Committee (N&RC) and the board of directors scheduled for December 13.

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RBI eases rules to improve cash flows of housing finance companies

The RBI has eased norms for NBFCs to sell or securitise their loan books, in a bid to ease stress in the sector.

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Power2SME, TiE announce winners of 'Spirit of Manufacturing Awards 2018'

Running on the sidelines of TiE Global Summit 2018, the Awards showcased some of the most promising startups in the manufacturing domain across the country.

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SMEs investing in talent & tech, but funds a challenge, says Amex survey

A whopping 76% of Indian SMEs said there are more business opportunities providing ethical, transparent and locally sourced products.

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India to undertake more reforms to grow over 8%: Rajiv Kumar

He also expressed displeasure at politicisation of release of back-series GDP data Wednesday at a joint press conference addressed by him and Chief Statistician Pravin Srivastava.

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Result of the 7-day Variable Rate Reverse Repo Auction held on November 29, 2018

Tenor 7-day Notified Amount (in ₹ billion) 250.00 Total amount of offers received (in ₹ billion) 144.55 Amount accepted (in ₹ billion) 144.55 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Assistant Adviser Press Release: 2018-2019/1244

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Liquidity Adjustment Facility: Fixed Rate Repo Operations

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Results of OMO purchase auction held on November 29, 2018 and Settlement on November 30, 2018

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Sensex ends over 450 points up to reclaim 36,000-mark; Nifty above 10,850

On the BSE index, Bajaj Auto, Kotak Mahindra Bank, Mahindra & Mahindra, Vedanta and IndusInd Bank were among the major gainers, rising as much as 4.33 per cent. On NSE, apart from Nifty IT, all other sub-indices finished in green, gaining as much as 1.92 per cent.

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