APN News

  • Thursday, March, 2024| Today's Market | Current Time: 07:41:01
  • RBI: Received USD 10.1 billion under forex swap window

    Reserve Bank on Wednesday said it has received USD 10.1 billion under two schemes which were announced last month to attract foreign funds. “The Reserve Bank has received till date USD 10.1 billion under the special concessional window for swapping Foreign Currency Non-Resident (Banks) Deposits and Overseas Foreign Currency Borrowings,” the central bank said in […]

    SBI to get Rs 2000 cr as part of Rs 14K cr banks fund infusion

    The Finance Ministry on Wednesday decided to pump in Rs 2,000 crore in State Bank of India and Rs 1,800 crore each in IDBI Bank and Central Bank of India as part of the Rs 14,000 crore capital infusion plan for the current fiscal. “SBI is getting Rs 2,000 crore. Bigger banks are getting more,” […]

    Sensex down 97 pts to 1-wk low on profit-booking in bluechips

    The benchmark Sensex on Wednesday slipped by around 97 points to its lowest level in a week on profit-booking in blue-chips like HDFC Bank, RIL, Wipro and Tata Motors, amid a weakening global trend. After a tepid start, Sensex plunged 275.25 points intra-day on heavy selling but recouped some losses to end at 20,767.88, still […]

    HCL: Hope to secure clearance by Dec for Malanjkhand expansion

    State-owned Hindustan Copper on Wednesday said it is hopeful of securing National Wildlife Board’s permission by December for expanding its flagship Malanjkhand mine in Madhya Pradesh, which is the single largest copper deposit of India with nearly 70 percent of the country’s reserves. Expansion of the Malanjkhand mine to 5.2 million tonnes per annum capacity […]

    Companies to meet IMG on delays in coal blocks’ development

    The Coal Ministry has asked firms including JSPL, NTPC, SAIL and Tata Power to make presentation before the IMG on Thursday and Friday on the achievement of milestones prescribed for developing 30 mines that were allotted to them and their reasons for delays. “The reply submitted by your company (companies) is under consideration of the […]

    Sensex up 40 points in early trade

    The BSE benchmark Sensex on Wednesday rose over 40 points in early trade on emergence of selective buying by funds, largely in line with a firming trend on the other Asian bourses. The 30-share index gained 40.13 points, or 0.19 per cent, to 20,905.10 with consumer durables, realty, metal and power sector stocks leading the […]

    Finmin finalises on Rs 14,000-cr capital infusion in banks

    The Finance Ministry today finalised the Rs 14,000-crore capital infusion plan for PSU banks to augment their capital base and promised another tranche in the fourth quarter of the current fiscal. “Rs 14,000 crore will be allocated today and then of course we will sit down with the RBI and Sebi (to decide) the manner […]

    India-ASEAN FTA in services, investments to be signed in Dec

    The free trade agreement in services and investments between India and the 10-nation ASEAN are expected to be signed in December with a view to strengthen economic engagement between the regions. The agreement will boost movement of Indian professionals in the ASEAN region which include countries like Singapore, Malaysia and Indonesia. It will also facilitate […]

    Onion price surges to record high of Rs 90/kg; govt may import

    Onion prices soared to all-time high of Rs 90 per kg in major cities on Tuesday, prompting the government to consider importing the commodity to cool rates. Blaming traders for creating artificial scarcity, the government said it will restrict onion exports till prices stabilise. An immediate ban was, however, ruled out. Onion prices in major […]

    ICICI Bank welcomes NRI customers with a bouquet of offers

    Mumbai: ICICI Bank, India’s largest private sector bank, is set to greet Non-Resident Indians (NRIs) visiting India this festive season, with a range of special offers. As NRIs increasingly look to buy houses in India, they can now avail of limited period special offers on home loans. ICICI Bank also has a referral arrangement with […]