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RBI Releases Draft Framework For Self-Regulatory Body For Payment System Operators
Edited by Abhik Deb | Tuesday August 18, 2020The self-regulatory body will observe best practices on security, customer protection and competitiveness -
Paid Rs 195 Crore AGR-Related Dues, Reliance Jio Tells Supreme Court
Edited by Abhik Deb (with inputs from agencies) | Tuesday August 18, 2020On August 14, the top court had sought the details of spectrum sharing pact between RCom and Jio -
Madras High Court Refuses To Allow Reopening Of Vedanta's Copper Smelter
Edited by Abhik Deb (With inputs from Reuters) | Tuesday August 18, 2020The Madras High Court said in its 815-page judgment on Tuesday the shutdown "cannot be treated as knee-jerk reaction". -
Government Urges Auto Makers To Cut Royalties To Foreign Parents: Report
Reuters | Tuesday August 18, 2020The country's markets regulator last year suggested imposing curbs on payments exceeding 2 per cent of revenue. -
Government Keen To Speed Up Stake Sale In Four State-Owned Banks: Report
Edited by Abhik Deb (with inputs from agencies) | Tuesday August 18, 2020The sources said the four lenders in the discussion are Punjab & Sind Bank, Bank of Maharashtra, UCO Bank and IDBI Bank -
Sensex, Nifty Close Higher For Second Straight Day
Edited by Abhishek Vasudev | Tuesday August 18, 2020Banking, financial services, auto, media, private bank and metal indexes rose between 1.5-2.3 per cent each. -
Gold Price Today: Domestic Gold Futures Jump Over 1% To Rs 53,965 Mark Tracking Global Rates
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 18, 2020Gold Rate Today: At 4:23 pm, the MCX gold futures contract quoted at Rs 53,781, up Rs 506 - or 0.95 per cent - from its previous close. -
Rupee Gains By 12 Paise To End At 74.76 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 18, 2020At the current level, the rupee has recovered 2.80 per cent against the US currency since an all-time low of 76.91 registered in April. -
Sensex, Nifty Surge Over 1% Led By Surge In Financial Stocks
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 18, 2020Asian stocks inched up on Tuesday as US-China tensions weighed on optimism generated by Wall Street's tech-driven rally. -
Elon Musk Is Now The Fourth Richest Person: Report
Edited by Peter Noronha | Tuesday August 18, 2020Elon Musk: Mr Musk's net worth rose to $84.8 billion on the Bloomberg Billionaires Index, which is a daily ranking of the world's richest people, after Tesla Inc shares soared 11 per cent on August 17. -
Petronet LNG Surges 5% After June Quarter Earnings
Edited by Abhishek Vasudev | Tuesday August 18, 2020Petronet LNG Share Price: The operations of Petronet LNG were not materially interrupted during the lockdown due to outbreak of COVID-19. -
What Mukesh Ambani Is Picking Up On His Giant Shopping Spree
Anto Antony and PR Sanjai, Bloomberg | Tuesday August 18, 2020Mukesh Ambani is seeking to widen his retail footprint in a market that's become a hot spot for global giants such as Amazon as well as many local rivals, all chasing a billion-plus consumers. -
Domestic Silver Futures Gain 3% To Rs 71,350 Tracking Global Precious Metals
Edited by Sandeep Singh (with inputs from Reuters) | Tuesday August 18, 2020Silver Price Today: At 4:36 pm, the MCX silver futures contract quoted at Rs 71,183, up 2.93 per cent - or Rs 2,028 - from its previous close. -
RBI Removes Restrictions On Bandhan Bank Managing Director's Remuneration
Edited by Peter Noronha | Tuesday August 18, 2020The holding company, Bandhan Financial Holdings Limited reduced its shareholding to 40 per cent of the bank's paid-up voting capital, as mandated by RBI. -
Sensex, Nifty Off Day's Highs; Pharma Stocks Lag
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 18, 2020Asian stocks inched up on Tuesday as US-China tensions weighed on optimism generated by Wall Street's tech-driven rally, while the dollar dropped against almost all major currencies.
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