Financial, Economic News, Market & Stock Live Updates

The Commerce Ministry on Monday said that it is indeed worrying as the demonetisation exercise might have an impact the labour-intensive export sector output. Photo: V. Sreenivasa Murthy

Demonetisation may hit labour-intensive export sector output Arun S Commerce ministry to take up with finance ministry the issue of enhancing cash withdrawal limit from current account.

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ling for the second day, the rupee on Monday slipped further by 3 paise to close at 68.16 per dollar on the back of sustained dollar demand from importers amidst fall in stock markets.

Rupee slips further to end at Rs. 68.16 against dollar PTI Persistent foreign capital outflows mainly affected the rupee value against the dollar, a forex dealer said.

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Borrowers get additional 60 days to repay loans PTI RBI announces relaxation on repayment of housing, car, farm and other loans worth up to Rs. 1 crore

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Sensex crashes on fund outflows, Fed rate hike fears PTI As many as 25 Sensex stocks closed with losses which cushioned the fall.

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National ‘Farmers can purchase seeds with banned Rs. 500 notes’

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Business Demonetisation hits buffalo meat exporters

Business Moving the bus sector into the fast lane

Business The thrill of saving India from cybercrime

Business

Shankara BuildPro plans expansion

Lalatendu Mishra Shankara Building Products Ltd, (Shankara BuildPro) a leading player in the organized home improvement retail space, has lined up expansion plans to further penetrate into markets in the southern part of India where it has presence, a top company official said without quantifying. The company would further enhance and expand its existing product portfolio in a network of 100 Shankara BuildPro retail outlets spread across 10 states including Karnataka, Tamil Nadu, Kerala, Andhra Pradesh/Telengan

Business

Mounting NPAs nix dividends in 16 of 22 public sector banks

Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividends in 2015-16, leading to a 67 per cent decline in government receipts to Rs.1,444.6 crore, a bulk of which came from State Bank of India.Only six state-owned banks declared dividends, though at a lower rate for the fiscal ended March 2016. Under the existing guidelines, profit-making banks have to pay a minimum dividend of 20 per cent of their equity or 20 per cent of th

Economy

RBI sets stiff riders for Rs. 2.5 lakh withdrawal for weddings

PTI The amount can be withdrawn only if the date of marriage is on or before December 30, 2016.

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Business

Grasim-AB Nuvo merger not to fund Idea, says Birla

Piyush Pandey Aditya Birla Nuvo Ltd (ABNL) will merge with Grasim Industries Ltd in a bid to unlock shareholdervalue and create a $9 billion enterprise.

Comment

‘You can’t get growth rates of the 2000s’

Ruchir Sharma explains where he thinks the next recession will originate, and why we should not be scared of automation.

Industry

'Airlines that do not add 20 aircraft quickly will get late'

Somesh Jha After India announced its National Civil Aviation Policy, civil aviation secretary R. N. Choubey spoke to Somesh Jha about the rationale behind easing international norms for airlines, plans to connect small airports and opening up skies in a calibrated manner.

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Markets

Rupee slips further to end at Rs. 68.16 against dollar

PTI Persistent foreign capital outflows mainly affected the rupee value against the dollar, a forex dealer said.

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Markets

Sensex regains 120 pts on Asian cues

PTI The benchmark BSE Sensex rebounded over 120 points and the NSE Nifty regained the 8,100-mark in the opening trade on Monday on value-buying in select blue-chips amid a firming trend on other Asian bourses.Besides, covering-up of short positions by speculators supported the recovery.The 30-share index was trading higher by 120.02 points, or 0.45 per cent, at 26,270.45 with sectoral indices led by oil & gas, metal and PSU leading the recovery.The gauge had lost 1,367.44 points in the previous

Economy

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Demonetisation Economy

Borrowers get additional 60 days to repay loans, says RBI

PTI In view of the cash crunch being faced by borrowers, the Reserve Bank on Monday provided an additional 60 days for the repayment of housing, car, farm and other loans worth up to Rs. 1 crore.This is applicable to loans payable between November 1 and December 31, the RBI said in a notification.“... it has been decided to provide an additional 60 days beyond what is applicable for the concerned regulated entity for recognition of a loan account as substandard,” it said.The relaxation is available

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Economy

Banks get scrapped notes worth Rs. 5.44 lakh crore

PTI People have exchanged and deposited over Rs 5.44 lakh crore in denominations of Rs. 500 and Rs. 1,000 at different banks as of November 18, the Reserve Bank said in a statement on Monday.The banks also disbursed Rs. 1,03,316 crore over the counter and via ATMs between November 10 and November 18, it said.Consequent to the announcement of withdrawal of legal tender status of Rs. 500 and Rs. 1000 from the midnight of November 8, the RBI had made arrangements for exchange and deposit of the notes.

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