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Fuel prices stable for fortnight amidst volatility in global oil market

Fuel prices stable for fortnight amidst volatility in global oil market

New Delhi: Auto fuel prices in the country have maintained stability amidst volatility in global oil prices with crude on the rise again.The oil marketing companies (OMCs) on Sunday kept pump prices of auto fuels petrol and diesel unchanged, the 14th consecutive day of no revision, as they preferred...

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Market Forecast - Greed & Fear: Profit booking, global volatility to impact stock moves

Market Forecast - Greed & Fear: Profit booking, global volatility to impact stock moves

Mumbai: Sky-high valuations along with global tapering fears will impact stock market movements during the upcoming week.Accordingly, market observers, pointed out high possibility of profit booking led slide on the back premium valuations and likely absence of positive domestic triggers.Nonetheless...

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US official privately criticised RBI ban on Mastercard

US official privately criticised RBI ban on Mastercard

New Delhi: A senior US trade official privately criticised India's July decision to ban Mastercard Inc from issuing new cards, calling it a "draconian" move that caused "panic", a global news wire reported.The documents show frustration within the US government after India's central bank banned new ...

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India's forex reserves decline by over $1 bn

India's forex reserves decline by over $1 bn

Mumbai: India's foreign exchange reserves fell by $1.340 billion during the week ended September 10.The Reserve Bank of India's (RBI) forex reserves declined to $641.113 billion from $642.453 billion reported for the week ended September 3.India's forex reserves comprise foreign currency assets (FCA...

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Markets descend from record highs, profit bookings subdue sentiments

Markets descend from record highs, profit bookings subdue sentiments

Mumbai: India's key stock indices closed in the red on Friday as profit booking subdued sentiments after three consecutive sessions of rise.Both key indices -- S&P BSE Sensex and NSE Nifty50 -- ended in the red after making intra-day record highs.Both key indices had a gap-up opening, following ...

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Telecom package could dent sector inflows by Rs 26K cr

Telecom package could dent sector inflows by Rs 26K cr

New Delhi: Government's telecom sector package could put pressure of country's fiscal health in FY22 with expectation of wider slippages on the deficit.The government is targeting fiscal deficit of 6.8 per cent of GDP in FY22, a big improvement over previous year when fiscal deficit shot up to 9.3 p...

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JAM trinity catapulted banking to a different level: Nirmala Sitharaman

JAM trinity catapulted banking to a different level: Nirmala Sitharaman

Aurangabad (Maharashtra): Union Finance Minister Nirmala Sitharaman on Thursday said that the 'JAM' (Jan Dhan-Aadhaar-Mobile) trinity has been a game changer for India, enabling them to take forward financial inclusion in a futuristic format."By bringing the financially excluded, by saving pilferage...

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Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

New Delhi: The government has approved providing Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL).The government guarantee mechanism was approved by the Union cabinet on Wednesday, paving the way to operationalise ...

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India's domestic air passenger traffic rises in August

India's domestic air passenger traffic rises in August

New Delhi: Easing Covid travel restrictions along with pent-up demand and low base lifted India's domestic air passenger traffic in August.According to the Directorate General of Civil Aviation (DGCA), the country's scheduled domestic flight operations ferried 67.01 lakh passengers last month.In Aug...

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SBI reduces home loan rate to 6.70%

SBI reduces home loan rate to 6.70%

Mumbai: Lending major State Bank of India on Thursday launched credit score-linked home loans at 6.70 per cent, irrespective of the amount.Prior to the festive offer, a borrower availing a loan greater than Rs 75 lakh had to pay an interest rate of 7.15 per cent."With the introduction of the festive...

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