Chinese yuan declines to 6.8908 against US dollar

Beijing: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 158 basis points to 6.8908 agai...
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December 17, 2018

UAE reshuffles central bank’s board

Dubai: President of the United Arab Emirates (UAE) Sheikh Khalifa bin Zayed Al Nahyan on Sunday, December 16, ordered a ...
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December 17, 2018

Petrol prices remain unchanged on Sunday, diesel declines

New Delhi: Petrol prices across the four metropolitan cities remained unchanged on Sunday, while the cost of diesel cont...
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December 16, 2018

ED attaches assets of Dabur Director, Emmar MGF MD

New Delhi: The Enforcement Directorate (ED) on Saturday, December 15, said it has seized assets worth Rs 20.87 crore of ...
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December 16, 2018

Mergers will kill branches when the need is for branch expan...

Chennai: At a time when India is largely unbanked or underbanked with low density of banks, merger o...
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December 15, 2018

India’s forex reserves rise by over $16 mn

Mumbai: India’s foreign exchange (forex) reserves marginally rose by $16.6 million during the week ended December ...
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December 15, 2018

State-run banks have no plan to shut ATMs: Minister

New Delhi: The public Sector banks (PSB) have no plans to shut down 50 per cent of their ATMs in the country, Minister o...
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December 15, 2018

Wall Street collapses, S&P 500 ends at lowest since Apr...

New York: US stocks fell sharply on Friday, December 14, as investors grew concerned over a possible slowdown of the glo...
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December 15, 2018

Adani-Elbit set up India’s first private UAV unit in H...

Hyderabad: India’s first private sector unit for manufacturing unmanned aerial vehicles (UAVs) to cater to bo...
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December 14, 2018

RBI governance structure needs further examination, says boa...

Mumbai: The central board of Reserve Bank of India (RBI), which met under new Governor Shaktikanta Das on Friday, Decemb...
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December 14, 2018

Challenges in NBFI sector to weigh on India’s growth p...

Mumbai: Global credit ratings agency Moody’s on Thursday, December 13, said that liquidity constraints faced by so...
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December 14, 2018
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