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Banking

Mushtaq Ahmad to continue as Chairman, J&K Bank for 3 yrs

Mumbai : Reserve Bank of India (RBI) has approved the extension of Mushtaq Ahmadas Chairman & CEO J&K Bank for the second term. As per the communication dated 17thSeptember 2013 from RBI, he will continue to head the institution for next three years. The extended term will have effect from 6th October,2013. Acknowledging the successful […]

Banking

Central Bank of India opened Ultra Small Branch under Financial Inclusion

Central Bank of India opened an Ultra Small Branch (USB) in Muduchintapalli (Lingapur) which is having 433 households with a population of 2075 under its Aliabad Branch under Ranga Reddy District to offer the banking services at the door step of the villagers. The Ultra Small Branch was inaugurated by Shri Malay Mukherjee, Executive Director […]

Stock & Share

Sensex extends gains, up 68 points in early trade

The benchmark S&P BSE Sensex rose 68 points in early trade on Wednesday, extending gains for the third straight session on sustained buying by funds in select bluechips, amid a firm trend in the Asian region. The 30-share index, which had gained 71.28 points in the previous two sessions, rose further by 67.56 points, or […]

Currency

Rupee down 9 paise against dollar in early trade

The rupee on Wednesday fell by 9 paise to 63.46 against the dollar in early trade today at the Interbank Foreign Exchange market due to renewed dollar demand from importers and appreciation of the US currency. Besides dollar’s gains against other currencies, as investors await the outcome of a US Federal Reserve meeting, increased demand […]

Banking

Bank of Baroda awarded the first prize under Indira Gandhi Rajbhasha Shield Competition

Bank of Baroda was conferred upon the first prize under Indira Gandhi Rajbhasha Shield Competition for the year 2011-12 for its outstanding performance in O.L. Implementation. Shri S.S. Mundra, Chairman and Managing Director of the Bank received the award trophy from Honorable President of India Shri Pranab Mukherjee in the gracious presence of Minister of […]

Banking

Central Bank of India awarded with Indira Gandhi Rajbhasha Shield

Central Bank of India has been awarded with “Indira Gandhi Rajbhasha Shield’’ for its best implementation of Official Language Policy of Government of India, under the category of nationalized banks, for the year 2011-12, in a glittering function held at Vigyan Bhawan, New Delhi on Hindi Day. This award was received by Shri Rajeev Rishi, […]

Markets

Import duty on gold, silver jewellery hiked to 15 pc

The government on Tuesday increased the import duty on gold and silver jewellery to 15 percent from 10 percent to protect the domestic industry, although it would make ornaments more expensive for consumers. “To protect the interests of small artisans, the customs duty on articles of jewellery and of goldsmiths’ or silversmiths’ wares and parts […]

Business

Onion prices to soften by early next month: Govt

Onion prices, which have again gone up to Rs 70 per kg in retail markets, are expected to soften by early next month with supplies from Andhra Pradesh and Karnataka improving, Food Minister K V Thomas said on Tuesday. He also said the Centre has asked producing states like Maharashtra to crack down on hoarders […]

Business

CCI reviews progress on infrastructure projects

The Cabinet Committee on Investment on Tuesday reviewed the progress on infrastructure projects worth about Rs 1.6 lakh crore and discussed ways to overcome hurdles that are delaying them. “Wherever there were bottlenecks which have not been cleared within the time line, those bottlenecks are being unblocked,” sources said. The projects reviewed were across key […]

Stock & Share

Sensex up 61 points as IT stocks gain on weak rupee

Erasing early losses, the BSE benchmark Sensex on Tuesday ended with a gain of over 61 points at 19,804.03 on the back of rise in IT stocks as the rupee showed signs of weakness against US dollar in the run up to the two-day Federal Open Market Committee (FOMC) meeting. The Sensex, which had added […]