Business

DAINIK NATION BUREAU Amid reports of its mounting tension with the RBI, the Finance Ministry Wednesday said the government has “nurtured and respected” autonomy of the central bank and has been holding extensive consultations with it on many issues. “The autonomy for the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Government ...

DAINIK NATION BUREAU Having missed the first three industrial revolutions, India is now in a position to lead the fourth on the back of its vast tech-savvy young population and is on the way to becoming one of the three richest countries in the world, billionaire Mukesh Ambani said Tuesday. Speaking at the 24th MobiCom conference here, Ambani, who heads ...

DAINIK NATION BUREAU Automaker BMW says it is expanding a recall to cover 1.6 million vehicles worldwide due to possible fluid leaks that could result in a fire. BMW said Tuesday that in some diesel vehicles coolant could leak from the exhaust gas recirculation module, part of the emissions reduction system. The leaks could combine with soot at high temperatures ...

All 400-odd petrol pumps along with linked CNG dispensing units in the national capital will remain shut Monday in protest against Delhi government’s refusal to reduce VAT on fuels, the Delhi Petrol Dealers Association (DPDA) said in a statement. There are about 400 petrol pumps in Delhi which also have linked compressed natural gas (CNG) stations and all of them ...

Gold prices rose by Rs 195 to Rs 32,225 per 10 grams Thursday on increased buying by local jewellers to meet festive season demand. Silver followed suit and recovered by Rs 20 to Rs 39,500 per kg due to increased offtake from industrial units and coin makers. Traders attributed the rise in gold prices to increased buying by local jewellers, ...

he benchmark BSE Sensex gained almost 219 points to reclaim the 35,000-mark in early trade Tuesday as investors widened their positions ahead of quarterly earnings from some bluechip companies amid positive Asian cues. Moreover, continuous buying by domestic financial institutions also supported the trading sentiment. Rising for the third straight session, the 30-share index gathered 218.81 points, or 0.63 per ...

DAINIK NATION BUREAU Diesel price rose for the 10th consecutive day Monday to wipe out all of the Rs 2.50 per litre cut in rates announced earlier this month through excise duty cut and oil company subsidy. The government had, with effect from October 5, cut excise duty on petrol and diesel by Rs 1.50 per litre and asked state-owned ...

DAINIK NATION BUREAU Beware, if you are using plastic money because it may not serve your purpose in coming days. RBI had asked the plastic money card provider companies to install their server in India by October 15. Although banks approached to RBI to seek extension on deadline but RBI refused to do so. As we know that to avoid ...

Gold advanced by Rs 130 to Rs 31,980 per 10 gram Thursday following uptick in festive season demand from jewellers and retailers at the domestic spot market despite a weak global trend. However, silver met with resistance at prevailing levels and declined by Rs 200 to Rs 39,000 per kg. Bullion traders said gold prices spurted due to surge in ...

DAINIK NATION BUREAU In view of declining indian currency against dollar, RBI has decided not to increase the lending rate. This was announced by the RBI Governor Urjit Patel on Friday. The Reserve Bank opted for a surprising status quo at the bi-monthly review Friday on expectations of softening price rise, but changed the policy stance to “calibrated tightening” from ...