Gold hits new high of Rs 38,820; silver jumps Rs 1,140

Gold hits new high of Rs 38,820; silver jumps Rs 1,140

Thursday, 22 August 2019 | PTI | new delhi

Gold prices on Wednesday appreciated Rs 50 to hit a new high of Rs 38,820 per 10 gram at the bullion market here on account of consistent buying support from jewellers, according to the All-India Sarafa Association. Silver also soared by Rs 1,140 to Rs 45,040 per kg on fresh...

RBI blasts banks on poor compliance, blames it for frauds

RBI blasts banks on poor compliance, blames it for frauds

Wednesday, 21 August 2019 | PTI | Mumbai

Reserve Bank deputy governor MK Jain Tuesday slammed banks for poor compliance with regulations, and pointed out that high value frauds and fines are a result of their lackadaisical attitude on this. Jain said in some cases, the lack of compliance has been "recurring", wherein banks have also ignored RBI's instructions...

NCLAT refuses to stay NCLT hearing in IL&FS fraud case

NCLAT refuses to stay NCLT hearing in IL&FS fraud case

Wednesday, 21 August 2019 | PTI | New Delhi

New Delhi, Aug 20 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Tuesday said the NCLT Mumbai will hear an application against auditing firm Deloitte in the IL&FS Group scam case but the tribunal will not pass any order in the matter till its next hearing. A three-member bench of the...

Hyundai launches i10 NIOS

Wednesday, 21 August 2019 | PNS | New Delhi

Korean auto-major and India’s second-largest car manufacturer Hyundai Motors on Tuesday took the wraps off their new hatchback the i10 NIOS, the third-generation of their compact vehicle. The carmaker which has also seen a decline in sales along with the rest of the industry, believes that new launches ahead of...

Rs hits fresh 6-mth low of 71.71; dives 28 paise

Wednesday, 21 August 2019 | PTI | Mumbai

The Indian rupee on Tuesday furthered its loss by another 28 paise to close at a new six-month low of 71.71 against the US dollar as economic uncertainties continued to weigh. Investors remained risk averse considering a host of factors including fast-spreading economic slowdown, outlook on foreign fund outflows and weakness...

Govt allows airlines to use Jet slots till end Dec

Wednesday, 21 August 2019 | PTI | Mumbai

The civil aviation ministry has allowed domestic airlines to operate the slots vacated by the now-defunct Jet Airways at various airports till December 31, said an industry source Tuesday. Jet Airways, which is under insolvency proceedings, stopped flying from April 17, leaving hundreds of slots vacant at both domestic and international...

Resolve stressed assets on time in your interest: RBI to banks

Wednesday, 21 August 2019 | PTI | Mumbai

Reserve Bank deputy governor NS Vishwanathan Tuesday exhorted bankers to ensure timely resolution of stressed assets under the new framework to extract the best value and underlined the need for dealing only in “genuine” cases. The central bank will be coming out with the final guidelines for private and foreign bankers’...

Media & entertainment set for slowdown, may grow 12% in FY20

Wednesday, 21 August 2019 | PTI | Mumbai

Rapid growth in digital users, combined with growing regional demand and better monetisation, the media and entertainment industry grew 13 percent to reach Rs 1,63,100 crore in FY19, and is likely to clip at a slower rate of 12 percent in FY20, says a report. The report by KPMG, however, noted...

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