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Last updated: 05 Sep, 2017  
 India Economy News

'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap
IANS | 12 Aug, 2022
Many countries across the globe has been surreptitiously searching for non traditional payment and settlement mechanisms that points to 'Dollar Distancing' finally happening.
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Calcutta HC turns down ED plea to freeze Rashmi Metaliks' assets
IANS | 12 Aug, 2022
A single judge bench of the Calcutta High Court turned down the plea from the Enforcement Directorate (ED) to freeze the assets of Rashmi Metaliks Limited and also gave a clean chit to the company in a money laundering case filed against it by the central agency.
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Rupee, bond yield ends almost flat ahead on long weekend
IANS | 12 Aug, 2022
The Indian rupee and the government bond yield ended almost flat on Friday as most traders remained on the sidelines ahead of the long weekend.
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GST on rent for business entities, govt clarifies
IANS | 12 Aug, 2022
The Centre on Friday issued a clarification regarding GST on house rent, noting renting of a residential unit is taxable only when it is given to a business entity.
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Benchmark indices rise marginally, Sensex ends over 59,400
IANS | 12 Aug, 2022
Benchmark indices ended on a positive note on Friday, with Sensex and Nifty both rising marginally on the back of metals and oil & gas stocks.
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India Cements PAT at Rs 76 crore, increases capacity utilisation
IANS | 12 Aug, 2022
Cement major India Cements closed the first quarter of FY23 with a higher net profit of Rs 76.09 crore.
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ICICI Bank market-cap hit Rs 6 lakh cr, stock rises record high
IANS | 11 Aug, 2022
The market capitalisation of the ICICI Bank touched Rs 6 lakh crore mark in the afternoon trade due to which shares of the bank hit record high of Rs 865.55.
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Benchmark indices up post below estimate US inflation data
IANS | 11 Aug, 2022
Benchmark indices ended up on Thursday on improved sentiments of investors after US inflation data for July came below estimates, raising hopes that US Fed will be slow on rate hike.
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WhiteOak Capital AMC collects Rs 550 cr via Flexicap Fund NFO
IANS | 11 Aug, 2022
WhiteOak Capital Asset Management has collected nearly Rs 550 crore during the new fund offer, the WhiteOak Capital Flexicap Fund. This was even after volatile market conditions and a near 40 per cent decline in gross equity inflows as reported by AMFI.
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24 coal mines record 100% production in July
IANS | 11 Aug, 2022
A total of 24 coal mines in the country recorded 100 per cent production in month of July as coal production went up by 11.37 per cent to 60.42 million tonnes (MT), officials said on Thursday.
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