APN News

  • Thursday, June, 2019| Today's Market | Current Time: 02:56:15
  • Intensifying trade tensions pose risk for global economy: World’s top financial policymakers

    The world’s top financial policymakers today admitted that intensifying trade tensions pose a risk for the global economy. The statement came after a meeting of Trade and Economy Ministers of G20 nations that laid bare differences between the United States and other nations. Following 30 hours of wrangling the G20 finance minister and central bank […]

    India pitches for promoting MSMEs in developing countries

    India today pitched for promoting micro, small and medium enterprises, MSMEs in developing countries as they are important for employment and income generation. This was emphasised by Commerce and Industry Minister Piyush Goyal at a session on ”Promotion of Trade and Investment that contribute to Sustainable and Inclusive Growth’ at G20 nations meet in Japanese […]

    Forex reserves increase by 1.8 billion to 421.8 billion

    The country’s foreign exchange reserves increased by USD 1.875 billion to USD 421.867 billion in the week ending May 31. Reserve Bank weekly data released yesterday showed that foreign currency assets, which is a major component of the overall reserves, rose by USD 1.946 billion to USD 394.134 billion. According to the RBI data, after […]

    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 […]

    Azim Premji to retire as Executive Chairman of Wipro in July

    IT Industry icon Azim Premji will retire as Executive Chairman of Wipro with effect from 30th July this year. He led the company for 53 years. The company said in a statement that he will continue to serve on the board as Non-Executive Director and founder Chairman. His son Rishad Premji, Chief Strategy Officer and […]

    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 to announce second bi-monthly monetary policy tomorrow

    The six-member Monetary Policy Committee of the Reserve Bank of India will announce the second bi-monthly monetary policy statement for 2019-20 tomorrow. The three-day meeting of the committee began in Mumbai on Tuesday amid expectations of a third straight rate cut of 25 basis points. The key lending rate or the repo rate currently stands […]

    India to grow at 7.5 per cent during next three years: World Bank

    The World Bank has forecast that India’s economy is projected to grow at 7.5 per cent in the next three years, supported by robust investment and private consumption. The bank in its Global Economic Prospects released yesterday said that India is estimated to have grown 7.2 per cent in fiscal year 2018-19, which ended March […]