APN News

  • Tuesday, July, 2019| Today's Market | Current Time: 12:41:00
  • Rupee declines by 18 paise to 68.84 against dollar

    The rupee declined by 18 paise to 68.84 against the US dollar in early trade today, due to strong dollar demand from banks and importers amid persistent foreign fund outflows. Forex traders said, strengthening dollar against major currencies overseas and weak domestic equity market weighed on the local unit. However, softening crude oil prices restricted […]

    Piyush Goyal leading Indian delegation for G-20 ministerial meeting in Japan

    Commerce and Industry Minister Piyush Goyal is leading the Indian delegation for the two-day G20 Ministerial meeting on Trade and Digital Economy beginning tomorrow in Tsukuba city, Japan. He is leaving for Japan tonight. Mr Goyal will discuss developments in the global trade situation, WTO matters and digital trade. He will also hold dialogue with […]

    RBI reduces repo rate by 25 basis points; Industry bodies welcome the decision

    The Reserve bank of India in its bi-monthly monetary policy review today reduced the repo rate by 25 basis points to 5.75 per cent from 6.0 per cent with immediate effect. Consequently, the reverse repo rate stands adjusted to 5.50 per cent, and the marginal standing facility rate and the Bank Rate to 6.0 per […]

    Industry body welcomes RBI decision of reducing the repo rate

    The industry body has welcomed the RBI decision of reducing the repo rate by 25 basis points to 5.75 per cent from six per cent. President of FICCI Sandip Somany said this rate cut will encourage banks to lower their lending rates for both retail and corporate credits. He said, reviving business confidence and consumer […]

    First time credit card borrower? Must remember this point before you apply

    Are you applying for your first credit card? You might have so many questions regarding your first credit card application, their use, and how to choose the credit card which best suits you. Credit cards nowadays have become most sought after financial products in countries like India because of the convenience they offer while buying […]

    RBI releases vision document for e-payment system

    Reserve Bank of India has released a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system. The move comes as the apex bank expects the number of digital transactions to increase more than four times to 8,707 crore in December 2021. According to RBI release on Wednesday the ‘Payment and Settlement […]

    NitstoneFinserv to Raise Rs 150 crores for Growth

    Bangalore : Bangalore-based Non-Banking Finance Company, NitstoneFinserv is all set to raise fresh funding of Rs. 150 crores from new investors. NitstoneFinserv is in discussions with investment bankers and VCs to raise Rs. 150 crores to finance the next phase of their growth. The NBFC which was launched in 2018 and has already notched up a […]

    5 platform that could help the smooth financing of your short term loans

    Myloancare.in:  MyLoanCare.in is an online marketplace for providing financial services and products at best rates across demographics in India.  Powered by state-of-the-art custom-made technology, the digital platform connects borrowers with suitable lenders to ensure that they get the right loan product, matching their needs and credit profiles. Borrowers range from entry-level workers and small businesses to high-net-worth […]

    Foreign exchange reserves rise by 4.3 Billion

    The country’s foreign exchange reserves soared by USD 4.368 billion to USD 418.515 billion in the week to April 26. The   RBI data showed on Friday thst foreign currency assets rose by USD 4.387 billion to USD 390.421 billion. According to the data Gold reserves remained unchanged at USD 23.303 billion. The special drawing rights […]

    RBI imposes fines on PPIs for violating norms

    The Reserve Bank of India on Friday said that it has imposed penalties on five prepaid payment instrument (PPI) issuers, including Vodafone m-pesa and PhonePe, for violation of regulatory norms. Also, penalties have been imposed on Western Union Financial Services Inc and MoneyGram Payment Systems Inc, both US firms, for non-compliance of guidelines. The central […]