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RBI Plans on implementing a new four-tiered framework for Urban Cooperative Banks(UCBs), find the details here.

Gold maintains upside momentum although marginal, sustaining above $1700 mark as dollar chooses to stay on backfoot. The dollar index is down for the fourth consecutive day, its lowest level in almost two weeks. The dollar index, that measures the greenback against a basket of currencies was down 0.12% at 106.41. Gold futures for August was marginally lower at $1,709.65 an ounce. However, a rally […]

If monsoon turns out well, rural recovery will accelerate

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 204 points at the opening bell. Global markets: Overseas, Asian stocks are trading with shar gains on Wednesday after a sharp bounce in U.S. stocks overnight. China kept its one-year and five-year loan prime rates unchanged at 3.7% and 4.45% Wednesday. U.S. stocks closed with sharp […]

Karnataka is the top FDI Equity recipient state in R&D followed by Telangana and Haryana.

The American Petroleum Institute (API) on Tuesday reported an increase of 1.86 million barrels of crude oil in U.S. inventories for the week ending July 15. The build comes as the Department of Energy released 5 million barrels from the Strategic Petroleum Reserves in Week Ending July 15 to 480.1 million barrels. The API reported a surge of 4.762 million barrels in the previous week. […]

The state owned lender said it has raised Rs 2,000 crore by issuing Basel III compliant additional tier I bonds.

Reliance Industries (RIL), ONGC: India cut a windfall tax on oil producers and refiners and exempted petrol from an export levy as international rates decline, less than a month after it imposed the two charges. The Centre reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 per litre and scrapped completely a Rs 6 per litre levy on gasoline exports. It […]

The US share market finished session sharply higher on Tuesday, 19 July 2022, on optimism about upcoming earnings news, with a majority of the S&P 500 companies beating expectations so far this season. Market sentiments also underpinned after Federal Reserve officials have signaled they are likely to raise interest rates by 75 basis points at their next policy-setting meeting July 26 and 27 . At […]

Canara Bank stated in a regulatory filing that it got a total bid amount of Rs5,719 crore, of which the complete issuance of Rs2,000 crore was accepted at 8.24%.