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Rupee ends lower at 61.91 per dollar on Monday

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

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

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

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

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

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

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 »

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