On the last day of the year, the stock market set a new record. In today's trade, the Nifty crossed 14000 for the first time. At the same time, the Sensex also crossed the 47850 level. The stock market started in the realm, but later the buying increased. There was...
RBI to conduct simultaneous sale-purchase of govt securities next week
Mumbai: Simultaneous purchase and sale of G-sec under OMOs, popularly known as Operation Twist, involves purchasing the securities of longer maturities and selling an equal value of securities of shorter maturities. On January 7, the RBI will purchase three government securities (G-Sec) of different maturity dates aggregating to Rs 10,000...
India’s eight core industries’ production loses steam, down 2.6 pc in Nov
New Delhi: The Index of Eight Core Industries' reading in November showed a contraction greater than that of (-) 0.9 per cent registered in October. Though not comparable, on a YoY basis, the growth rate stood at 0.7 per cent in November 2019. ECI index comprises of 40.27 per cent...
Government will now credit 8.5 percent interest in EPF account
New Delhi: A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, a senior official told media. The official further informed that the labour ministry has already sent...
FICCI seeks Punjab govt’s intervention against attack on Jio’s mobile towers
New Delhi: In a letter to Punjab Chief Secretary, Vini Mahajan, Rajinder Gupta, Chairman, Trident Group and Chairman FICCI Regional Advisory Council said that out of the 9,000 mobile towers of Reliance Jio, power supply to 1,800 towers have been cut off by the farmers' groups protesting against the farm...