Rupee gains 10 paise against US dollar in early trade

Rupee gains 10 paise against US dollar in early trade

On Friday, the rupee had ended steady at 64.15 against the US dollar. Meanwhile, the benchmark BSE Sensex surged by 92.83 points, or 0.29 per cent, to 31,617.51 in early trade.

Refinance by govt up 5.62% to Rs 3,525.94 cr in 2016-17
Refinance by govt up 5.62% to Rs 3,525.94 cr in 2016-17

Sharp fall in refinance to public sector banks, down 28.90% to Rs 1,886.73 crore

Large public firms likely to reduce capex pace in FY18
Large public firms likely to reduce capex pace in FY18

The GDP growth in FY17 was mostly driven by private consumption but public funds too had a small role.

Infosys board likely to get restructured in coming weeks
Infosys board likely to get restructured in coming weeks

Over the past few months, Murthy has been critical about the functioning of the board, while questioning the corporate governance practices at Infosys.

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On Friday, the rupee had ended steady at 64.15 against the US dollar. Meanwhile, the benchmark BSE Sensex surged by 92.83 points, or 0.29 per cent, to 31,617.51 in early trade.

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US commercial crude inventories have fallen by almost 13 percent from their March peaks, to 466.5 million barrels. Analysts said that falling crude inventories, despite rising output, indicate the market is already tightening.

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On Monday, the euro was steady on the day against its major counterparts at $1.1751 and 128.39. The dollar index, which tracks the greenback against a basket of six major rivals, added 0.1 percent to 93.477.

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Although Bannon's departure removes a major source of friction within the White House, Trump's attacks on fellow Republicans following violence in Virginia earlier this month isolated him, prompting some Republicans to beginning questioning Trump's capacity to govern.

Sharp fall in refinance to public sector banks, down 28.90% to Rs 1,886.73 crore

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The GDP growth in FY17 was mostly driven by private consumption but public funds too had a small role.

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Over the past few months, Murthy has been critical about the functioning of the board, while questioning the corporate governance practices at Infosys.

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"As the conciliation meeting before the Chief Labour Commissioner failed, unions are left with no other option but to go on strike. There was no assurance from the government and the management of banks," AIBOC General Secretary D T Franco said.

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Nirmala Sitharaman said India has been trying to expand trade relations with SE Asian countries in association with the state government. The union minister said efforts are on to establish border haats at the Indo-Myanmar border town of Moreh.

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Sebi will deliberate with its board members next month on putting in place a long term cyber security framework for markets amid concerns over malicious software script targeting systems and possible data breaches. With technology-based platforms and high speed algorithmic systems becoming key fulcrums for trading activities, the regulatory focus is on bolstering the existing framework […]

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During 2016-17, 27 public sector banks, including SBI and its five associates had written off Rs 81,683 crore, the highest in the last five fiscals. The amount was 41 per cent higher than that in the previous fiscal.

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Minister of State for Civil Aviation Jayant Sinha, Minister of State for Home Kiren Rijiju, their counterpart in the Finance Ministry, Arjun Ram Meghwal, and top officials had held series of meetings on the issue in recent past but without any results.

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Sebi, on August 7, had asked stock exchanges to restrict trading in shares of 331 "suspected shell companies", some of which have investments by several well-known domestic and foreign investors.

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According to the government, domestic scheduled carriers are likely to induct over 384 aircraft in their fleet by March 2020. Currently, the combined fleet of these carriers stands at 490. These airlines will require a good number of pilots -both junior and senior (commanders) pilots - to operate these many planes

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“From an investors’ standpoint, an effective and robust bankruptcy regime is important for developing the corporate bonds market. Investors have been shying away from low-rated corporate bonds and even if the rating is of investment grade, given the high rate of defaults,” said Tyagi