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The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI buys USD 5 billion through forex swap auction

The RBI said it received USD 16.31 billion in bids for the auction for which the cut-off was set at 776 paise.

27 March 2019 9:05 AM IST

Previous studies have found that men with strong handshakes are less likely to have erectile dysfunction (Photo: Pixabay)

HCC to sell litigation claims for Rs 1,750 cr

HCC will set up a special purpose vehicle to carry out the transaction.

27 March 2019 1:41 AM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Jet Air buyer will have to bring in Rs 4,500 crore

Lenders have decided to invite EoI by April 9 and binding bids by April 30.

27 March 2019 1:41 AM IST

Larsen and Toubro (L&T) on Thursday said its subsidiary L&T Construction has bagged orders worth Rs 2,440 crore in the domestic market.

Mindtree spikes buyback plan

Mindtree said it has decided to constitute a Committee of Independent Directors to evaluate the L&T offer.

27 March 2019 1:41 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI's $5 bn forex swap auction proves a hit

Earlier this month, the RBI had announced that it would buy dollars from banks for three years and offer them rupees in...

27 March 2019 1:41 AM IST

Among the 11,000 brands studied by TRA Research on their buying propensity, almost 95 per cent brands registered net fall in consumers keenness to buy.

Brands losing buying focus

Only five per cent or 541 brands have increased their buying propensity over last year.

27 March 2019 1:38 AM IST

Several investment-linked sectors such as real estate and capital goods continue to face headwinds. (Representational image)

JCB to invest Rs 650 crore for sixth factory

The new factory, the company's sixth in the country, would manufacture parts for global production lines.

27 March 2019 1:34 AM IST

French car giant Renault, which announced up to 3 per cent price hike from next month, is the latest to join the bandwagon to raise car prices in a bid to sell more cars before the financial year-end to ease high inventory levels with dealerships across the country.

Carmakers struggle with unsold inventory, hike prices

Auto analysts said that auto companies resort to such tactics during December when retail sales cool off considerably.

27 March 2019 1:26 AM IST

The piling-up of unsold ire ore inventories in Karnataka has the states miners and mine-dependent people worried.

Huge inventories vex Karnataka iron ore miners

Karnataka is the only state to witness high import during FY19 despite having availability of enough material...

27 March 2019 1:22 AM IST

Bhim started losing its market share in July 2017 as it dropped from over 45 per cent to around 40 per cent in a months time.

Bhim may arrest slide in market share

In February 2017, Bhim app had close to 50 per cent market share of the UPI transactions.

27 March 2019 1:21 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Strong FII flow key trigger for rally

The Nifty Mid Cap and Small-Cap Indices also gained with 1,377 shares advanced against 1,286 declining shares.

27 March 2019 12:46 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee rises 10 paise to 68.86 vs USD as RBI swap auction elicits...

Sustained foreign fund inflows and heavy buying in domestic equities also propped up the Rupee, forex traders said.

26 March 2019 7:22 PM IST