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This is the second straight month for the RBI to intervene more in the derivatives market than spot

Mumbai: 

The Reserve Bank of India (RBI) continued to intervene more actively in the currency derivatives market than the spot market in September, as it aimed to stem a sharp fall in the rupee and avoid tightening cash conditions in the banking

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The allegations against Bansal arose just after Flipkart agreed to sell a controlling stake to Walmart.

For Binny Bansal, the end of his long run as co-founder of India's most successful startup came Saturday when he began calling colleagues to say he was done. The 37-year-old was stunned that officials from Walmart Inc., his startup's new owner,

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The rupee is still down 13.8% against the American currency so far this year

The rupee moved higher by 22 paise - or 0.3 per cent - against the dollar to end at 72.67 on Tuesday, boosted by easing crude oil prices and strong macroeconomic data. A nearly 3 per cent decline in crude oil prices, dragging them

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The rupee had gained 36 paise to end at 72.31 against the US dollar Wednesday.

Continuing its recovery momentum, the rupee vaulted 34 paise to close at a two-month high of 71.97 against the US dollar Thursday on robust foreign fund inflows amid low crude oil prices. Dealers said the strength in the rupee was also supported by increased selling of

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Sovereign gold, on the other hand, held steady at Rs 24,800 per piece of 8 grams.

Gold regained its sheen with prices climbing by Rs 350 to Rs 32,250 per 10 grams at the bullion market on increased buying by local jewellers coupled with a firming trend overseas, reported news agency Press Trust of India (PTI). Silver too rose Rs 450 to Rs 37,900

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Total revenue from operations rose 34.1 per cent to Rs 43,544 crore.

Steelmaker Tata Steel net profit grew more than three-fold in second quarter, the company said on Tuesday, beating market estimates, buoyed by strong domestic growth. Net profit came in at Rs 3,116 crore ($428.79 million) in its fiscal second quarter ended September 30 from Rs

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Infosys, the country's second largest software services exporter, said on Thursday it appointed deputy chief financial officer Jayesh Sanghrajka as the interim finance head. His appointment would take effect from November 17, said the IT major.

Mr Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in

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SBI account statements can be downloaded in excel or PDF formats, the lender said.

State Bank of India (SBI), the largest lender of the country, offers a host of online services. You can check your account statements and transaction history online via onlinesbi.com, the bank's internet banking portal. All that you need is a browser in a computer

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The co-founder and chief executive officer of e-commerce company Flipkart Group has resigned after an investigation into allegations of "serious personal misconduct," owner Walmart Inc. said.

Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. The U.S. retail

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Exports rose by 17.86 per cent to $26.98 billion in October compared to the year-ago month, according to the commerce ministry data. Imports during the month also rose by 17.62 per cent to $44.11 billion, leading to widening of trade deficit to $17.13 billion. The deficit widened despite a steep decline of 42.9 per cent in gold imports to $1.68 bi

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Binny Bansal's resignation is an embarrassment for Walmart in India.

The co-founder and chief executive officer of e-commerce company Flipkart Group resigned after an investigation into allegations of sexual assault, dealing a blow to owner Walmart Inc.'s ambitions in the country.

Binny Bansal, 37, stepped down immediately following an independent

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Binny Bansal's resignation takes effect immediately.

Flipkart co-founder Binny Bansal has resigned as group CEO following a probe into allegations of "serious personal misconduct", the e-commerce company and its parent Walmart Inc said in a joint statement on Tuesday.

"Binny has been an important part of Flipkart since co-founding the company, but

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Fitch expected current-account deficit to widen to 3 per cent in FY2018-19.

New Delhi: 

Refusing to upgrade India's credit rating for the 12th year in a row, Fitch Thursday retained its sovereign rating for the country at 'BBB-', the lowest investment grade with a stable outlook, saying a weak fiscal position continues to constrain the ratings and

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INR Vs USD: Rupee had gained 22 paise to close at 72.67 against the US dollar Tuesday.

Rupee Vs Dollar: After opening higher at 72.18 - its strongest level since September 21 - the rupee appreciated further by 67 paise against the US dollar in early trade on Wednesday, reported news agencies Press Trust of

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Binny Bansal Resigns As Flipkart Group CEO. Read Full Statement Here

Flipkart's board of directors accepted Binny Bansal's resignation on Tuesday. Mr Bansal stepped down as chief executive officer of Flipkart Group, following a probe into serious personal misconduct, US-based Walmart said in a statement. "While the investigation did not find

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IMPS is an instant payments service that enables round-the-clock money transfer electronically

Major banks today levy a fee ranging from Rs 5 to Rs 15 (excluding taxes) for their money remittance services through IMPS. Immediate Payment Service (IMPS) is an instant payments service that enables round-the-clock money transfer through the use of

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Technical charts suggest that Nifty may head towards the 10,900-mark.

The domestic stock markets opened in the green amid a crash in crude oil prices on Wednesday. The S-P BSE Sensex started at 35,330.14 against its last close of 35,144.49. The Nifty50 index of the National Stock Exchange (NSE) opened at 10,634.90 as compared to Tuesday's close

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Sovereign gold, however, remained flat at Rs 24,800 per piece of 8 grams.

Gold prices came down by Rs 100 to Rs 32,050 per 10 grams at the bullion market on Tuesday owing to slackened demand from local jewellers despite a firm trend in overseas markets, reported news agency Press Trust of India. Silver followed suit and cracked below the Rs

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The airline offers over 1,300 daily flights and connects 49 domestic destinations.

Budget passenger carrier IndiGo on Thursday launched non-stop flights between Allahabad and Bengaluru at a starting all-inclusive price of Rs 2,500, the airline said in a press release. The flight started from Bengaluru on Thursday at 1:30 pm and reached Allahabad at

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The head of Flipkart Group, Binny Bansal, has resigned following an internal probe into "serious personal misconduct", US-based Walmart - the main shareholder of Flipkart - said on Tuesday, and two people familiar with the matter said it involved an accusation of sexual assault. 

The departure of Mr Bansal, 37, one of India's new generation of

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SBI has asked its customers to upgrade their existing debit cards to an EMV chip-and-PIN debit card.

State Bank of India or SBI, the country's largest lender, is making changes to some of its services. SBI will shut down its mobile wallet app, SBI Buddy, from November 30, 2018, according to the banking major's website -- sbi.co.in. SBI has also

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Aditya Ghosh ended his 10-year-long stint at IndiGo with effect from July 31 this year.

Hospitality firm OYO Hotels on Thursday announced the appointment of Aditya Ghosh as chief executive officer for India and South Asia. His appointment will take effect from December 1, the company said in its statement. OYO Hotels said Mr Ghosh would oversee its

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The fee levied by SBI for online transfers varies depending upon factors such as amount of transaction

SBI or State Bank of India, the country's largest lender, charges a fee ranging from Rs 1 to Rs 50 per transaction for money transfer through NEFT and RTGS. Electronic or wire transfer of funds refers to transfer of money from one bank account to a

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Annual returns on fixed deposits are fixed even amid market fluctuations and geopolitical uncertainties.

Fixed deposits (FDs), which offer guaranteed returns on investments, are meant for investors looking for assured interests. FDs are fixed-income instruments, the returns on which are determined at the time of initiating the deposit. The annual

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Domestic stock markets closed in the green on Thursday led by metal, banking and financial services shares. The S-P BSE Sensex closed 118.55 points or 0.34 per cent higher at 35,260.54, while the broader NSE Nifty settled at 10,616.70, 40.40 points or 0.38 per cent. Major advancers on both the indices -- Nifty50 and 30-scrip Sensex -- were

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Sebi ordered credit rating agencies to analyse deterioration in the liquidity conditions of an issuer

Mumbai: 

The Securities and Exchange Board of India (SEBI) tightened disclosure and review norms for credit rating agencies (CRAs) on Tuesday, following concerns this year after the firms after they failed to raise timely red flags ahead of the

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The Sensex and Nifty closed higher after two days of losses

Stock markets registered gains of almost 1 per cent on Tuesday, led higher by banking, financial services, FMCG and energy shares. BSE benchmark index Sensex ended 331 points, or 0.95 per cent, higher at 35,144 and the Nifty index of the National

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'Shri Ramayana Express' train has a total capacity of 800 seats.

Indian Railway Catering and Tourism Corporation (IRCTC) operated 'Shri Ramayana Express' started its first trip from Safdarjung Railway Station, Delhi on Wednesday. 'Shri  Ramayana Express' is a special tourist train which will cover all the prominent sacred places associated with the

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The top court sought the presence of CMD Anil Sharma and two directors on November 19

New Delhi: 

In a massive crackdown on Amrapali Group for "wilful disobedience" of its orders, the Supreme Court on Tuesday attached the company's 100-bed multi-speciality hospital, bank accounts, the building which houses its office, certain firms and a "benami"

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Sales of gasoline, or petrol, were 4.6 per cent higher from a year earlier at 2.33 million tonnes.

Domestic fuel demand rose 4 per cent in October compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 17.99 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sale

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