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How demonetisation was unprofitable for RBI While demonetisation was one of the key reasons for lower profits for the RBI, the government bore the brunt in the form of lower dividend from the central bank

A Staff Writer While the jury is out on the costs and benefits of demonetisation, for the Reserve Bank of India (RBI) at least, the note ban was one of the key reasons for lower profits. To that limited extent, the government also had to bear the brunt in the form of the lower dividend it received from the central bank. RBI paid only Rs30,663 crore as dividend compared to Rs65,880 crore a year ago. Here’s... 

US gives $225 million worth of conditional military assistance to Pakistan Trump administration gives $225 million worth of conditional military assistance to Pakistan that can be accessed only if it takes more action against terror groups Lalit K Jha

Washington: The Trump administration has notified Congress that it has given $225 million worth of conditional military assistance to Pakistan that the country can access only if it takes more action against terror groups. The announcement comes over a week after President Donald Trump hit out at Pakistan for providing safe havens to terror groups that kill Americans in Afghanistan. He also warned... 

Supreme Court refuses permission to Singh brothers to sell Fortis shares Supreme Court also refused permission to banks, with whom the Singh brothers have pledged Fortis shares, to sell them Shreya Agarwal

Shreya Agarwal New Delhi: The Supreme Court on Thursday refused to give the Singh brothers (Malvinder and Shivinder, the original promoters of Ranbaxy and Fortis) permission to sell Fortis shares. It also refused permission to banks with whom the Singhs have pledged Fortis shares to do the same. Shares of Fortis were down 6.6% at 12.30pm, reacting to the court’s order. On 11 August, the court had... 

MEMBERSHIP OF JOURNALIST ASSOCIATION OF INDIA

*MEMBERSHIP* of *Journalist Association of India. Please send under mentioned self attested Scanned documents. 1. Residence proof. 2. Photo I.D Card (Election ID Card/ Adhaar Card/ Driving Licence/ Passport etc.anyone) 3. Passport Size Photo (one) 4. Professional Proof (For Journalist only : proof of previous work experiences ) 5. Detail Profile ( Bio-Data/CV/Resume) 6. Copy of Registration Certificate... 

COME FORWARD : Time to contribute for society. JOURNALIST ASSOCIATION OF INDIA has decided to ADOPT the Village

H K Sethi, Secretary General Journalists Federation of India COME FORWARD : Time to contribute for society. JOURNALIST ASSOCIATION OF INDIA has decided to ADOPT the Village (which lack basic amenities like Health, Education, Food, Infrastructure etc..) Please come forward to contribute your time, funds, cloth etc.  Read More →

We have always cooperated with Kerala police: Amway

Kozhikode (Kerala) May 27 (IANS) Network marketing firmAmway India Enterprises Monday said that they always co-operated with Kerala Police in a case relating to financial irregularities by the firm. The case was filed by a woman here in 2012. Amway India’s country head William S. Pinckney and two directors was arrested here Monday by Crime Branch. “Our management represented by... 

Reliance Industries posts biggest single-day gain since Sept 2012

By Aditya Kalra MAY 27, 2013 Reliance Industries, India’s third-biggest company by market capitalization, surged more than 5 percent on Monday, after the conglomerate and its partners said on Friday they had made asignificant gas discovery in the KG-D6 block. Niko, the Canadian oil and natural gas producer which partners with Reliance and BP, said the discovery is expected to add to gas resources... 

Sensex gains for third day; RIL, Coal India surge

(Reuters) – The BSE Sensex rose for a third consecutive session on Tuesday, led by gains in resources stocks, as Reliance Industries climbed for a second day after a significant gas discovery, while Coal India jumped after its March-quarter profit beats estimates. Reliance Industries Ltd(RELI.NS) rose 1.82 percent, while Coal India Ltd (COAL.NS) ended 3 percent higher. The BSE Sensex gained... 

Tariff case stalls investment plans for Tata Power

(Reuters) – Tata Power Co Ltd(TTPW.NS) will avoid large acquisitions and is holding back on new investments until the Indian utility has clarity on a regulatory decision allowing it to raise tariffs, its executive director for finance said on Tuesday. The electricity regulator in April allowed Tata Power, part of the salt-to-steel Tata conglomerate, to raise tariffs for power from its Mundra... 

Rupee extends fall; choppy shares weigh

Reuters Market Eye – Rupee extends falls to 55.78/79 versus its previous close of 55.5675/5775 as a choppy domestic share market and losses in the euro hurt. Some month-end dollar demand from oil firms also helping the pair, traders say. Most other Asian currencies too trading weaker compared with the dollar. The index of the dollar against six major currencies trading up 0.3 percent as the dollar... 

US central bank keeps buying bonds to boost economy

The US Federal Reserve has kept its $85bn-a-month bond buying in place, in an effort to keep borrowing costs low and bolster the economy. The central bank’s rate-setting Federal Open Market Committee also kept its key interest rate at zero to 0.25%. It said unemployment remained too high for a change in its quantitative easing policy. The US economy rebounded in the first quarter to grow by... 

Indian rupee ends lower on month-end dollar demand; US GDP awaited

* Rupee ends at 54.375/385 per dlr vs 54.21/22 on Thursday * Global currency markets await U.S. GDP data later in the session * Local stocks snap 4-day winning streak, end 0.62 pct lower By Subhadip Sircar MUMBAI, April 26 (Reuters) – The Indian rupee ended down on Friday, falling 0.8 percent for the week, dragged by month-end dollar demand from importers and weak equities. Weakness in local... 
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