APN News

  • Thursday, January, 2020| Today's Market | Current Time: 03:02:24
  • RBI issues guidelines on ‘on tap’ authorisation on payment systems

    Reserve Bank has issued guidelines on ‘on tap’ authorisation of payment systems, including minimum networth criteria for different players, with an aim to encourage innovation and competition. In a circular, the RBI said it has been decided to offer on-tap authorisation for Bharat Bill Payment Operating Unit (BBPOU), Trade Receivables Discounting System (TReDS) and White […]

    Rupee declines by 31 p to 71.54 against USD

    The rupee today depreciated 31 paise to 71 rupees and 54 paise against the US dollar. The domestic currency weakened to end at a nearly one-month low against the US currency due to heavy dollar buying amid fresh concerns over the progress of China-US trade talks.

    Retail inflation spikes to 3.99% in Sep due to price rise in food items

    Retail inflation spiked to 3.99 per cent in September this year mainly due to higher prices of food items. Government data, released today, showed that the consumer price index (CPI) based inflation was registered at 3.28 per cent in August this year. On a year-on-year basis, the inflation was 3.70 per cent in September last […]

    Wholesale inflation eases by 0.33% in Sep due to falling fuel prices

    Wholesale inflation eased to more than three-year low of 0.33 per cent in September this year mainly due to falling prices of fuel and certain food articles. According to official data, the wholesale price index-based inflation was 1.08 per cent in August this year and 5.22 per cent in September last year. The previous low […]

    Domestic indices climb amid mixed Asian stocks

    Equity benchmarks today witnessed gains of around 0.8 per cent in afternoon trade. Domestic indices climbed amid mixed Asian stocks. BSE Sensex gained 304 points to trade at 38,518 a short while ago. The NSE Nifty was also up 87 points at 11,428. However, the rupee, at forex market, depreciated by 15 paise to 71 […]

    RBI raises withdrawal limit to Rs 40,000 for PMC bank account holders

    Reserve Bank has enhanced the withdrawal limit for the account holder of Punjab and Maharashtra Cooperative Bank or PMC Bank to 40 thousand rupees from 25 thousand rupees. This is the third time, RBI has raised the withdrawal limit since its clamp down on PMC Bank last month. In a statement, RBI said, after reviewing […]

    Govt to achieve 10% blending percentage of ethanol in petrol by 2022, to boost farm economy says Petroleum Minister

    India is expected to get 58 billion dollar investment in the exploration and production sector by 2023. This was stated by Petroleum Minister Dharmendra Pradhan while addressing a gathering at India Energy Forum in New Delhi today. The Minister also informed that, an estimated investment of 60 billion dollar is underway for augmenting gas infrastructure. […]

    India to honour contractual commitments under energy agreements: Sitharaman

    Finance Minister Nirmala Sitharaman has assured investors that India will honour contractual commitments under various energy agreements. Speaking at the India Energy Forum of CERAWeek in New Delhi, Ms Sitharaman said, tax incidence has been lowered and investors should not have any concern as atmosphere to invest will be friendly. The Minister said, government will […]

    China’s imports, exports fell more than expected in Sept

    China’s imports and exports fell more than expected in September, official data showed today, as cooling demand at home and abroad hit trade. According to data from the customs administration, globally, China’s exports dropped 3.2 per cent in September from the same period last year, while imports dived 8.5 per cent. The figures were worse […]

    Industrial output declines by 1.1% in August

    Industrial output declined by 1.1 per cent in August due to poor performance by manufacturing, power generation and mining sectors. The Index of Industrial Production (IIP) had expanded by 4.8 per cent in August 2018. The overall IIP growth during April-August period was 2.4 per cent, down from 5.3 per cent in the corresponding period […]