The so-called core personal consumption expenditure price index, the Fed's preferred inflation measure, jumped 3.4 per cent in May from a year ago, the largest 12-month increase since April 1992, Xinhua news agency quoted the Dept as saying on Friday.
The decision came a week after the RBI granted an "in principle" approval to Centrum Financial Services for setting up a small finance bank, thereby clearing the decks for the takeover of th crisis-hit PMC Bank by Centrum and BharatPe as equal partners.
According to RBI weekly statistical supplement, the reserves increased to $608.081 billion from $605.008 billion reported for the week ended June 4.
"The Central Govt has re-appointed Shri Mahesh Kumar Jain as Dy Governor, RBI for a period of 2 years with effect from June 22, 2021, or until further orders, whichever is earlier, upon completion of his existing term on June 21, 2021," the central bank said in a statement.
President Joe Biden is proposing a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class.
The services will be affected from 22:45 hours on May 21 and 01:15 hours on May 22 and between 02:40 hours and 06:10 hours on May 23.
ViraGen is Cipla's third offering in the Covid testing segment. Cipla already has partnerships for antibody detection kit and antigen test kits.
The company had reported a net loss of Rs 1,615.35 crore in the year ago quarter, Tata Steel said in a BSE filing.
Equity benchmark indices cracked by 2 per cent on April 30 due to unabated rise in COVID cases and hiccups in vaccination drive amid unfavourable global cues. The BSE SandP Sensex closed 984 points or 1.98 per cent lower at 48,782 while the Nifty 50 plunged by 264 points or 1.77 per cent to 14,631.
The 30-share BSE Sensex sank 983.58 points or 1.98 per cent to finish at 48,782.36. The broader NSE Nifty tanked 263.80 points or 1.77 per cent to 14,631.10.
Shares of Wipro zoomed nearly 10 per cent in morning trade on Friday after the company posted a 27.7 per cent jump
The National Stock Exchange (NSE) of India and BSE Ltd (earlier known as Bombay Stock Exchange) were closed on Wednesday on account of Dr Baba Saheb Ambedkar Jayanti.
Equity benchmark indices ticked up marginally during early hours on Tuesday tracking similar trends in Asian markets. At 10:15 am, the BSE S and P Sensex was up by 411 points or 0.86 per cent at 48,294 while the Nifty 50 edged higher by 131 points or 0.91 per cent to 14,442. Except for Nifty IT which dropped by 1.5 per cent, all other sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank up by 3 per cent, private bank by 1.4 per cent, auto by 2.4 per cent and FMCG by 0.9 per cent. Among stocks, energy major ONGC moved up by 4 per cent to Rs 102 per share. Bajaj Finserv and Bajaj Finance gained by 3.8 per cent and 2.6 per cent respectively.
Flipkart will set up its third data centre at Adaniconnex's Chennai-based facility, leveraging the latter's expertise and industry-leading data centre technology solutions.
The 30-share BSE index was trading 186.94 points or 0.38 per cent lower at 49,559.27. Similarly, the broader NSE Nifty slipped 44.10 points or 0.30 per cent to 14,829.70.
Infosys will work with London-based steel and mining firm's European arm and share its best practice to optimise, stabilise and transform its IT landscape.
NEFT, RTGS money transfer services has been extended to payments banks by the RBI.
Governor Das said prepaid payments instruments (PPIs) were given the option to become interoperable, wherein customers of one company can send funds to customers of other PPIs or banks.
After enactment of SARFAESI Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of companies.
Airtel will receive a consideration of Rs 1,037.6 crore from Jio for proposed transfer. Jio will assume future liabilities of Rs 459 crore relating to the spectrum.
Top News
Latest News
