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RBI Appeals To Supreme Court To Allow Banks To Classify Bad Loans
Reuters | Saturday October 10, 2020, MumbaiThe RBI warned that failure to immediately lift an interim stay on banks classifying any loan as a non-performing asset (NPA) would also undermine the central bank's regulatory mandate. -
US Imposes Tariffs On Aluminum Sheet From India, 17 Other Countries
Reuters | Saturday October 10, 2020, WashingtonUS Commerce Secretary Wilbur Ross said the US International Trade Commission would make the final determination in February 2021. -
What Changes To Residential Status Provisions Mean For Taxpayers
Homi Mistry | Saturday October 10, 2020Individuals who were likely to qualify as non-residents earlier will qualify as not ordinarily residents as per the amended provisions. -
Petrol, Diesel Rates Unchanged In Metros On Saturday
Edited by Sandeep Singh (with inputs from agencies) | Saturday October 10, 2020Petrol And Diesel Rate: In Delhi, the price of petrol was at Rs 81.06 per litre on October 10, and that of diesel at Rs 70.46 per litre, according to notifications from Indian Oil Corporation. -
Sovereign Gold Bonds To Open For Subscription On Monday. Here's All You Need To Know
Edited by Sandeep Singh | Saturday October 10, 2020Gold Bond Scheme: Launched in 2015 along with the Gold Monetisation Scheme, the Sovereign Gold Bond scheme provides gold-linked returns and an additional return at 2.5 per cent per annum. Wealth planners say gold bonds are an effective way to invest in non-physical gold. -
Gold Sold At Premium After 2 Months As Jewellers Bank On Festive Revival
Reuters | Saturday October 10, 2020, Bengaluru/MumbaiIn Bangladesh, some people resorted to selling gold with the coronavirus outbreak having shuttered businesses and choking incomes. -
India's Fuel Demand Up 7% In September, First Monthly Gain Since June
Reuters | Saturday October 10, 2020The country's daily number of coronavirus infections has slowed since hitting a single-day high of 97,894 new cases on September 17, a sign that infections were peaking for now. -
Gold, Silver Price Today: Gold Futures Jump To Rs 50,749, Silver To Rs 62,079 As Dollar Eases
Edited by Sandeep Singh (with inputs from agencies) | Saturday October 10, 2020Gold Price In India Today: Gold has been one of the most consistent gainers through the six months of coronavirus pandemic-led turmoil in financial markets. -
London Stock Exchange In Talks With Indian Tech Firms To List Overseas
Reuters | Friday October 09, 2020, New DelhiThe government is drawing up rules to allow companies to float overseas without having to first list shares in India as a way to help startups reach higher valuations and access capital more easily. -
Rupee Edges Higher To 73.13 Against Dollar After RBI Policy Action
Edited by Sandeep Singh (with inputs from agencies) | Friday October 09, 2020Rupee Dollar Forex Rate Today: The rupee moved within a 24-paise range, between 73.02 and 73.26, against the dollar, having begun the day mildly stronger at 73.18 compared to its previous close of 73.24. -
RBI Does The Heavy Lifting For Economy In Absence Of Government Stimulus
Anirban Nag and Subhadip Sircar, Bloomberg | Friday October 09, 2020Reserve Bank of India Governor Shaktikanta Das used a generous mix of tools to assure the bond market that the central bank will keep yields under control despite the government's record debt program. -
Sensex, Nifty Stage Best Winning Streak Of 2020 On RBI's Liquidity Boost
Written by Abhishek Vasudev | Friday October 09, 2020The Sensex and Nifty rose for seventh session in a row led by gains in banking and financial services shares. -
Sensex Closes 327 Points Higher, Nifty Reclaims 11,900 As Markets Extend Rally To Seventh Day
Edited by Sandeep Singh (with inputs from agencies) | Friday October 09, 2020Share Market Latest Updates: The S&P BSE Sensex index rose to 40,309.18 at the strongest level in early deals whereas the broader NSE Nifty 50 benchmark climbed to as high as 11,876.05. -
RBI Cheers Bond Market Despite Keeping Rates On Hold
Reuters | Friday October 09, 2020The benchmark 10-year bond yield dropped as much as 10 basis points to 5.92 per cent on Friday. The measures were announced alongside a monetary policy committee decision. -
"Economic Revival Assumes Highest Priority", Says Shaktikanta Das. Read Full Statement Here
Edited by Sandeep Singh | Friday October 09, 2020The status quo on policy comes at a time when the country's GDP contracted a record 23.9 per cent in the April-June period.
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