South
South
India’s forex reserves up $960 mn to $280.17 bn
India’s foreign exchange reserves shot up by $960.2 million to $280.17 billion on the back of a healthy rise in currency assets in the week ended July 26, Reserve Bank said Friday.
SBI expects 20% credit growth in current fiscal
State Bank of India (SBI) Friday said it expects to clock 20 per cent growth in credit and 16 per cent expansion in deposits in the current financial year.
Volatile sensex falls for seventh day, down 29 points
After gaining over 223 points at the outset, the S&P BSE benchmark sensex Thursday fell back to end 29 points down, extending its losing run to the seventh day, as jittery investors offloaded their positions in realty, PSU, oil and gas and metal shares, amid subdued manufacturing trend.
Acceptances for Friday races
Following are the runners for the races to be held here on Friday.
Shutdown in parts of AP, normal life hit
Widespread protests were witnessed in several parts of Andhra and Rayalaseema regions with people taking to streets, organising rallies, demonstrations and burning tyres and effigies of UPA leaders as
Anti-Telangana protesters gather in Ananthapur (AP)
Anti-Telangana protesters gather in Ananthapur, Andhra Pradesh, on Wednesday after the UPA on Tuesday endorsed the carving of a new state of Telangana out of Andhra Pradesh (AP)
Sensex wipes out initial losses to end almost flat
Wiping out most of its early losses, the S&P BSE benchmark sensex Wednesday closed almost flat on revival of buying by funds after marginal recovery in rupee from record lows and the government announced steps to revive investment climate.
Telangana: Bandh in Rayalaseema, coastal Andhra
Normal life was disrupted in Rayalaseema and coastal Andhra regions Wednesday as a shutdown began in the two regions against the decision of the Congress and the United Progressive Alliance (UPA) to create Telangana state out of Andhra Pradesh.
Rupee hits three week low
Reserve Bank of India’s (RBI) growth concerns, month-end dollar demand from importers and outward remittance from corporates dragged down the rupee by a whopping 106 paise to three-week low of 60.47, wiping out all the gains notched up on central bank’s recent liquidity tightening steps.
Sensex down by 245 points
The Bombay Stock Exchange (BSE) benchmark sensex Tuesday plunged by 245 points, extending losses for the fifth straight session, on heavy selling in oil and gas, power, PSU and auto stocks after RBI lowered its GDP forecast and kept interest rates unchanged, amid rupee again falling below the 60-mark.
