APN News

  • Tuesday, February, 2020| Today's Market | Current Time: 11:09:21
  • Five Reasons to Choose ULIPs Over Direct Equity

    The stock market is profoundly unpredictable. The fear of market fluctuation keeps risk-averse investors away as well as deprives them of potentially huge returns in the long haul. It’s hard to anticipate various elements. Due to volatility, it gets difficult for risk-averse investors to time their exit as well as entry in the market. Therefore, […]

    RBI slaps Rs 26 lakh fine on Mobikwik and Hip Bar

    The Reserve Bank has imposed a fine of about 26 lakh rupees on two online payment solutions providers for non-compliance of regulatory guidelines. The central bank said in a release that Mobikwik Systems Private Limited has been slapped a fine of 15 lakh rupees while Hip Bar Pvt Ltd faced a fine of 10.85 lakh […]

    Asian Development Bank cuts India’s GDP growth forecast to 7 per cent for FY20

    Asian Development Bank today lowered India’s GDP growth forecast to 7 per cent for the current year on the back of fiscal shortfall concerns. India is expected to grow by 7 per cent in 2019 and 7.2 per cent in 2020, slightly slower than projected in April, ADB said in its supplement to the Asian […]

    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 […]