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By Vikram Koushal On 17 Jan, 2019 At 08:17 AM | Categorized As Business | With 0 Comments

PCI NEWS: According to the RBI, the fine was imposed by an order dated January 4, 2019 “for non-compliance with ‘Master Directions on Frauds-Classification and Reporting. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bank of Maharashtra for deficiencies in regulatory compliance. According to the RBI, the […]

By Vikram Koushal On 13 Jan, 2019 At 06:25 AM | Categorized As Business, Home Slide Show | With 0 Comments

PCI NEWS: Shares of Axis Bank settled at Rs 666.50, up 0.53 per cent, while ITC was up 2.02 per cent at Rs 295.40 at close of market hours on January 11. The Finance Ministry may consider selling part of its stake in Axis Bank and ITC, held through SUUTI, in next few months, an […]

By Vikram Koushal On 13 Jan, 2019 At 06:17 AM | Categorized As Business, Home Slide Show | With 0 Comments

PCI NEWS: The measure, once implemented, would check the widespread practice of composition dealers of charging GST from purchasers and not depositing it with the exchequer, PTI reported quoting an official. In a move aimed at ensuring that sellers don’t charge any tax from buyers, the revenue department is planning to make it mandatory for […]

By Vikram Koushal On 11 Jan, 2019 At 10:58 AM | Categorized As Business, Home Slide Show | With 0 Comments

PCI NEWS: The rupee opened strong at 70.38 at the interbank forex market against previous close of 70.41 per dollar then gained further ground and touched a high of 70.34 amid positive opening in domestic equities, displaying gains of 7 paise against the greenback. The rupee appreciated by 7 paise to 70.34 against the US […]

By Vikram Koushal On 11 Jan, 2019 At 09:46 AM | Categorized As Business, Home Slide Show | With 0 Comments

PCI NEWS: The 30-share index was trading 68.58 points, or 0.19 per cent, higher at 36,175.08. The gauge opened on a positive note and touched a high of 36,214.26 in morning trade. The benchmark BSE Sensex rose over 65 points in early trade on Friday following value-based buying in auto, oil & gas, and metal […]

By Vikram Koushal On 10 Jan, 2019 At 09:34 AM | Categorized As Business, Home Slide Show | With 0 Comments

PCI NEWS: India’s largest carmaker, however, did not specify which car models will become costlier post this price hike. Maruti Suzuki India Ltd Wednesday said it will hike its car prices by up to Rs 10,000 for select models with immediate effect to offset adverse impact of increase in commodity prices and foreign exchange rates. […]

By Vikram Koushal On 10 Jan, 2019 At 09:15 AM | Categorized As Business, Home Slide Show | With 0 Comments

PCI NEWS: Brent crude, the global benchmark, was trading lower at 60.89 per barrel, lower by 0.90 per cent. The rupee Thursday appreciated 14 paise to 70.32 against the US dollar in early trade amid weakness in the American currency on uncertainty over Federal Reserve rate hikes following the release of Fed meet minutes. Forex […]

By Vikram Koushal On 10 Jan, 2019 At 08:33 AM | Categorized As Business | With 0 Comments

PCI NEWS: TCS is scheduled to announce its quarterly results later in the day. Benchmark equity indices opened on a choppy note Thursday as investors turned cautious ahead of quarterly results of key bluechips amid weak Asian cues. The 30-share Sensex was trading 40.08 points, or 0.11 per cent, lower at 36,172.83. The NSE Nifty […]

By Vikram Koushal On 9 Jan, 2019 At 08:14 AM | Categorized As Business, Home Slide Show | With 0 Comments

PCI NEWS: “India’s growth outlook is still robust. India is still the fastest growing major economy,” World Bank Prospects Group Director Ayhan Kose said.  India’s GDP is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, the World Bank has forecast, attributing it […]

By Vikram Koushal On 9 Jan, 2019 At 08:24 AM | Categorized As Business, Home Slide Show | With 0 Comments

PCI NEWS: At the Interbank Foreign Exchange (forex), the rupee opened higher at 70.08 but it slipped partially to quote 7 paise higher at 70.14. The rupee recovered 7 paise to 70.14 against the US dollar in early trade Wednesday on fresh selling of the American currency by exporters and banks amid early gains in […]

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