Business

Gold prices Thursday fell by Rs 320 to close at Rs 32,220 per 10 gram at the bullion market here on sluggish demand from local jewellers amid weak global cues. Silver, however, gained Rs 250 to Rs 38,800 per kg on strong demand from industrial units and coin makers. Traders said low demand from jewellers and weak global cues exerted ...

The Reserve Bank of India Tuesday said it has imposed a fine of Rs 1 crore on Indian Bank for violating cyber security norms. The RBI has imposed, by an order dated November 30, 2018, a monetary penalty of Rs 10 million on Indian Bank for contravention of Circular on Cyber Security Framework in banks, the central bank said in ...

DAINIK NATION BUREAU Since February this year, relationship between RBI and Union government was running unwell when RBI increased Interest rate increases on non-performing loans, to the defiance on liquidity measures for non-banking finance companies. On December 10 it reaches on nadir point and RBI Governor Urjit Patel quits. It is being alleged that that Patel did not open with ...

DAINIK NATION BUREAU RBI Governor Urjit Patel, who had a run in with the government over autonomy of the central bank, Monday resigned from his post. In a brief statement, Patel said he has decided to step down with immediate effect. He, however, did not specify the reason for the decision. Patel was appointed the 24th Governor of the RBI ...

The benchmark BSE Sensex cracked over 550 points Monday as investors turned jittery over exit poll results ahead of outcome of state elections, weakening rupee and crude oil price rise amid escalation in US-China trade tensions. The 30-share index plummeted 551.74 points, or 1.55 per cent, to 35,121.51 in opening session. All stocks in the index were trading in the ...

DAINIK NATION BUREAU Narendra Modi led Union government has appointed Krishnamurthy Subramaniam as chief economic advisor today. He has been appointed for three years. As we know that Arvind Subramaniam, who was chief economic advisor, had resigned from his post and later he lambasted against the union government’s decision on demonetisation The post of CEA had been lying vacant since ...

Jet Airways, who is going through a financial crisis, has taken a big decision. Under the decision, the economy class will not be given free meal anymore. It is being told that this decision will come into effect from January and Jet Airways is going to shut down free meals in domestic flights from this month. It is being told ...

The rupee depreciated by 50 paise to 70.08 against the US dollar in early trade Monday at the interbank foreign exchange amid strengthening of the US dollar against some currencies overseas. Forex traders said besides increased demand of the US currency from importers, the dollar’s strength against some currencies overseas weighed on the rupee but a higher opening of the ...

DAINIK NATION BUREAU Fugitive jeweller Nirav Modi, a key accused in the Rs. 14,000-crore PNB fraud case, can’t return to India as he is afraid of “getting lynched”, his lawyer told the court. The Enforcement Directorate (ED) has dismissed the claim as “irrelevant” and said if he felt there were “security threats”, he should have filed a police complaint. Another objection ...