PowerGrid reported a net profit of Rs 1,040.34 crore in the April-June quarter of the current financial year.
The analysis says there is a long-term relationship between the spot and the NDF markets for the rupee.
Although a falling rupee will help NRIs and exporters, there are a lot more worries than things to be happy about.
The regulator also asked NSEL to auction defaulters' commodities lying in the accredited warehouses as collateral.
RBI has also advised the banks that if the address provided by the account holder is the same as that on Aadhaar letter, it may be accepted as a proof of both identity and address.<br /><br />
For term deposits between one year to 389 days, the rate has been raised by similar percentage points to 8 percent from 7.50 percent.
If you are thinking of investing in tax-free bonds, soon you will be spoilt for choices. With the government permitting state-owned companies to issue tax-free bonds in the first half of the financial year, many such papers are likely to hit the market, notes a report in Business Standard today.<br /><br />
Amid the deepening of payment crisis at the National Spot Exchange, the government is examining a proposal to bring commodity markets FMC under the purview of the Finance Ministry.
The Reserve Bank will conduct open market purchase of government bonds of Rs 8,000 crore on 23 August to inject liquidity, the central bank said in a statement.
This is the biggest ever auction for such bonds and exceeds the previous record of Rs 42,022 crore, auctioned two months ago on 20 June.
RBI has now dispensed with the unique code for branches and said banks shall be "free to permit its branches to administer the PIS scheme for NRI".
We have always told you to be wary of insurance agents because they mis-sell. But that does not mean, you need to totally dismiss what they have to offer.
If the property for which you've taken the loan is under construction, switching your loan to another lender could be an uphill task.
Today, the BSE Sensex has fallen 1 percent to hit 18,124 and the Nifty by 1.04 percent at 5,360. As the rupee is unlikely to see a bottom in the near future, dashing any hopes of a revival in the economy, you can expect more stocks to fall into this category soon.<br /><br />
The government is mulling conducting audit of NSEL's physical stocks lying in warehouses by own agencies as it fears defaults in payment by buyers, a top Consumer Affairs Ministry official said today.
Simply put, networth growth ratio is a ratio that will tell you the rate at which your net worth is growing
The forum will plan for a proper strategy to ensure full payment of the legitimate dues of its members
In fact, investing in FMPs is now a good idea, reason being, FMP invests in instruments like Certificates of Deposits, and money market instruments, which are currently offering yield of 9.5-10 percent.
A trading frenzy that caused Chinese stock prices to swing wildly last week was caused by a design flaw in a brokerage's computer, the market regulator said Sunday
With the payment crisis engulfing NSEL, the PMO is planning to set up a special team headed by the Economic Affairs Secretary Arvind Mayaram to look into the issue.
Employees' Provident Fund Organisation (EPFO) has got very encouraging results from the online testing of the service and will be able to launch the service during the last week of this month, a source privy to the development said.
The Bank Index holds the key to the short-term trend in the Nifty. But the index is distinctly bearish after Friday's breach of the support at 9,600.
Public sector bank, Karnataka Bank too raised it deposit rate in the range of 25-50 basis points across the maturity baskets and the new rate will be effective from Monday.