India’s GDP to grow at 7.5% in 2017-18, says FM Arun Jaitley

Arun Jaitely

Washington, April 23: Indian economy will grow at a clip of 7.5 per cent this fiscal, up from 7.1 per cent in the previous year, and remains resilient with low inflation, fiscal prudence and low deficit, finance minister Arun Jaitley has said. Participating in G-20 finance ministers’ and central bank governors’ meeting, he said emerging economies have become increasingly important in ...

Read More »

Sensex, Nifty edge lower on global weakness, earnings eyed

Sensex, N

New Delh, April 17: Geo-political issues continued to dominate the scene as the Sensex slipped over 88 points in early part today, mirroring global losses. The weakness remained for the third session as the 30-share index fell 88.32 points, or 0.30 per cent, to 29,373.13. Much of the softness came from metal, IT, FMCG, technology and auto. The gauge had lost ...

Read More »

HDFC, ICICI, Axis to charge Rs 150 for cash transactions. Here’s all you need to know


New Delhi, March 02: India’s leading private banks said on Wednesday they will charge a minimum of Rs 150 for cash deposits and withdrawals at bank branches after four free transactions in a month, revising charges that were kept in abeyance briefly after the government demonetisation on November 8. HDFC, ICICI and Axis will calculate the fee – aimed at reducing ...

Read More »

Sensex falls 146 points on F&O expiry, weak rupee


MUMBAI: After rising for two back-to-back sessions, the stock market turned weak as the benchmark Sensex fell nearly 146 points and the NSE Nifty hung below the 8,000-mark in early trade today, with participants liquidating positions in view of November month derivatives expiry. Besides, weak Asian cues as upbeat economic data strengthened prospect of higher US interest rates and the ...

Read More »

Rupee gains 9 paise against dollar in early trade


MUMBAI: The rupee firmed up 9 paise to 68.56 against the dollar in early trade today, rising for the second straight day on increased selling of the US currency by exporters and banks. Forex dealers said a higher opening in the domestic equity market and expectations of encouraging GDP data to be released later in the day, also supported the ...

Read More »

Gold down Rs 100 on cash crunch, weak global cues


NEW DELHI: Gold prices declined by Rs 100 to Rs 29,350 per 10 grams today due to low demand on account of prevailing cash crunch in the domestic market following demonetisation of high value notes as well as a weak trend overseas. While, silver recovered by Rs 700 to Rs 41,435 per kg on increased offtake by industrial units and ...

Read More »

Rupee sheds 11 paise against dollar in early trade


MUMBAI: The rupee weakened by 11 paise to 68.57 against the dollar in early trade today at the Interbank Foreign Exchange market on month-end demand for the American currency from importers. Forex dealers said a lower opening of the domestic equity market also weighed on the rupee but the dollar’s weakness against some currencies overseas capped the fall. The rupee ...

Read More »