UBL pitches for lower tax, duty to help bring down beer prices
Mini Tejaswi Firm unveils first non-lager beer from Kingfisher stableInterest rates and the obscure world of negative yields
Keerthik Sasidharan It is strange and surreal that nearly 27% of the world’s bonds offer negative yieldMarkets end lower in a see-saw trade as RBI surprises with status quo
PTI Benchmark indices Sensex and Nifty closed lower in topsy-turvy trade on Thursday after the Reserve Bank surprised with its decision to hold key policy rates. At the closing bell, the 30-share BSE gauge Sensex was lower by 70.70 points or 0.17% at 40,779.59. The index swung between losses and gains after the central bank kept the rates unchanged. The 50-scrip NSE Nifty settled the day with a loss of 24.80 points or 0.21% at 12,018.40. On the Sensex chart, Bharti Airtel, Tata Steel, IndusIndGold falls ₹74, silver tumbles ₹771
PTI Gold prices on Thursday fell by ₹74 to ₹38,985 per 10 gram in the national capital on rupee appreciation. The precious metal had closed at ₹39,059 per 10 gram in the previous trade, according to HDFC Securities. Silver also dropped by ₹771 to ₹45,539 per kg from ₹46,310 per kg on Wednesday.“Spot gold for 24 Karat in Delhi declined by ₹74 on rupee appreciation along with strong Asian currencies. The spot rupee was trading 7 paise stronger against the dollar during the day,” HDFC SecuritiesIndia’s forex reserves cross $450 billion for the first time
Special Correspondent Central bank buys dollars to check sharp appreciation of rupeeClarity on counter cyclical, fiscal steps by Centre will help, says RBI governor Shaktikanta Das
Special Correspondent Timing of the rate cut is also very important to optimise its impact, says the RBI GovernorHDFC Bank’s tech glitch under Reserve Bank lens
Special Correspondent Team from RBI looking into issue: JainCybersecurity: Wipro plans units in Australia
Special Correspondent Tech major Wipro is planning to open NextGen Cyber Defence Centres (CDCs) in various Australian cities to offer cyber resilience and digital protection services to large government organisations in the country. As a precursor to this, Wipro has set up a CDC in Melbourne. The company said it would make substantial investments in the centre to upskill its employees and also to increase the number of its local recruitment. The centre will employ 100 cyber security specialists. The centres wouldCPPIB to invest $600 mn via NIIF
Special Correspondent NIIF Master Fund now has $2.1 billion in commitments