Latest News

“ED is weapon of BJP, Modi and Amit Shah”: Sanjay Raut

Mumbai (Maharashtra) [India], May 23 (ANI): Shiv Sena (UBT) leader Sanjay Raut on Friday stated that he had been a victim of the raids conducted by the ED (Enforcement Directorate), accusing the probe agency of being a “weapon” of the BJP and Prime Minister Narendra Modi. Addressing a press conference, Raut spoke on the Supreme Court rapping ED over the TASMAC raids in Tamil Nadu. “What is new here? I am a victim too (of ED). I have been through that, there are several others like me…ED is a weapon of BJP, of PM Modi, of HM Amit Shah. As

RBI reviewing shareholding norms for banks, says chief Malhotra

MUMBAI, May 23 (Reuters) – The RBI (Reserve Bank of India) is examining shareholding norms and licensing rules for banks as part of a broader review, Governor Sanjay Malhotra told the Times of India in an interview, less than a month after Japanese lender Sumitomo Mitsui signed a deal to acquire 20% in Yes Bank. While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted. The rules also require a bank promoter – a large shareholder with management control – to reduce shareholding

Markets bounce back in early trade after sharp fall in previous session

Mumbai, May 23 (PTI) Benchmark indices Sensex and Nifty rebounded in early trade on Friday driven by buying in blue-chip IT stocks and a firm trend in Asian equity markets. After a flat start to the trade, the 30-share BSE benchmark gauge Sensex later bounced back and climbed 219.05 points to 81,171.04. The NSE Nifty went up by 111.2 points to 24,720.90. Later, both the benchmark indices extended their rally. The BSE benchmark gauge quoted 411.60 points higher at 81,363.59, and the Nifty traded 145.15 points up at 24,755.75. From the Sensex firms, Eternal, Infosys, HCL Tech, Power Grid, ITC,

Rupee falls 15 paise to 86.10 against US dollar in early trade

Mumbai, May 23 (PTI) The rupee depreciated 15 paise to 86.10 against the American currency in early trade on Friday, as foreign institutional investors continued with their sell-off due to a narrowing bond yield differential. Forex traders said speculation of an RBI rate cut in the upcoming MPC meeting, fuelled by softening food and energy prices, is also weighing on short-term rupee sentiment, even though such a move may bolster growth in the longer-term. At the interbank foreign exchange, the domestic unit opened at 85.95 and fell to 86.10 against the greenback, registering a loss of 15 paise over its

1 … 784 785 786 787 788 … 1,495