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Rupee ends lower at 61.91 per dollar on Monday
Mumbai: The rupee fell on Monday, hit by strong dollar demand by a state-run bank that dealers said was intended to meet oil refiner needs, and is on course to… Read more
Pradeep Kumar appointed as SBI managing director
New Delhi: State Bank of India (SBI), the country’s biggest lender, has appointed P Pradeep Kumar as its managing director (corporate banking). As one of the lender’s four managing directors,… Read more
C. K. Birla steps down as Chairman of Hindustan Motors
KOLKATA, DEC 28: C.K. Birla has stepped down as Chairman of Hindustan Motors Ltd to pave the way for a new investor in the sick automobile company. In a communication… Read more
Bitcoin traders under ED scanner
MUMBAI- Soon after the Reserve Bank of India warning on bitcoin trading in India, the Enforcement Directorate (ED) conducted its first searches on a bitcoin trader in Ahmedabad. Searches were… Read more
RBI cautions risks of virtual currencies to users
NEW DELHI- With growing interest and reporting about virtual currencies like Bitcoins, the Reserve Bank of India said on Tuesday these were highly speculative and unregulated instruments, cautioning users about the potential… Read more
Petrol prices hiked
New Delhi: Petrol prices were hiked by 41 paisa per litre, and of diesel by a little under 10 paisa a litre, both excluding sales tax or VAT, with effect… Read more
RBI for removal of restrictions on gold import
MUMBAI: Advocating removal of restriction on gold import as it encourages smuggling, Reserve Bank today said efforts should be made to maintain the present level of Current Account Deficit(CAD) without any… Read more
