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  • Rupee Closes At Nearly 1-Month Low Against Dollar: 10 Things To Know
    The rupee declined by 19 paise to end at 71.47 against the dollar on Wednesday. This is the lowest closing level for the currency since October 15. After opening marginally lower,the rupee fell to 71.54 against the dollar in intraday deal. According to analysts, fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy. Investors also played their bets cautiously in view of country's rating outlook cut by Moody's investors Services last week.
  • Gold Price At Rs 38,070 Per 10 Grams In Delhi: All You Need To Know
    Gold prices stood at Rs 38,070 per 10 gram in the national capital on Monday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and jewellers. Gold rates were helped by a recovery in global prices of the yellow metal and weakness in the rupee against the US dollar, according to analysts.
  • Passenger Vehicle Sales Up 0.28% In October: Industry Body SIAM
    Total passenger vehicle sales in the domestic market increased 0.28 per cent last month, data from industry body SIAM or Society of Indian Automobile Manufacturers showed on Monday. A total of 2,85,027 passenger vehicles were sold in October, as against 2,84,223 in the corresponding period a year ago, the industry body said in its report. The marginal increase in passenger vehicles sales fuelled hopes of a recovery in the auto sector, which is struggling against low demand and thousands of job cuts.
  • "Fundamentals Remain Quite Robust": Government As Moody's Lowers Outlook
    Credit ratings agency Moody's on Thursday changed its outlook on India's ratings to "negative" from "stable", citing increasing risks that the country's economic growth will remain lower than in the past. The ratings agency had earlier lowered its growth forecast for India as the economy, amid low demand, registered its worst pace of expansion in more than six years. The government, however, said India continues to be among the fastest growing major economies in the world and the country's "relative standing remains unaffected". "As India's potential growth rate remains unchanged, assessment by IMF and other multilateral organisations continues to underline a positive outlook on India," said the finance ministry.
  • Sensex Extends Record Run, Nifty Ends Above 12,000 For First Time In 5 Months
    The S&P BSE Sensex extended its record-breaking run to second session in a row while the Nifty 50 index settled above important psychological level of 12,000 for the first time since June 4 led by gains in Reliance Industries, HDFC, ITC, Infosys, IndusInd Bank, HDFC Bank and Sun Pharma. For most part of the day, the benchmarks traded firmly higher but briefly dipped in noon deals to stage recovery in the second half of the session. The Sensex rose as much as 218 points to hit fresh all-time high of 40,688.27.
  • Sensex, Nifty Give Up Most Of Day's Gains: 10 Things To Know
    Domestic stock markets started Thursday's session on a positive note, led by a surge in real estate stocks after the government announced a Rs 25,000-crore special window for stalled real estate projects. The S&P BSE Sensex index jumped as much as 206.66 points to hit a new record high of 40,676.44 and the broader NSE Nifty benchmark advanced 55.35 points to 12,021.40, but was still 81.65 points away from an all-time high recorded in June this year.
  • Centre Announces Rs 25,000-Crore Fund For Stalled Real Estate Projects: 10 Things To Know
    The government on Wednesday announced a Rs. 25,000-crore special window for stalled real estate projects, in a move aimed at reviving the ailing sector and generating employment. Finance Minister Nirmala Sitharaman said the government will put in Rs. 10,000 crore in the Alternative Investment Fund (AIF) and the remaining amount will be provided jointly by State Bank of India (SBI) and Life Insurance Corporation (LIC). The government's nod to the first Alternative Investment Fund (AIF) under the special window comes at a time when the country's real estate sector is struggling against low demand and hundreds of delayed projects.
  • Sensex Surges Over 200 Points To Close At Record High Of 40,470: 10 Things To Know
    The S&P BSE Sensex closed at an all-time high of 40,470 led by gains in HDFC Bank, ICICI Bank, HDFC, Infosys, Kotak Mahindra Bank and Axis Bank. Earlier in the day, Sensex and Nifty traded on a choppy note. However, buying in banking shares in the second half of session lifted the Sensex to an all-time high of 40,606.91 and Nifty 50 index briefly surpassed important hurdle of 12,000. Gains in private banking and financial shares supported the up move in todays session.
  • Post Office Monthly Income Scheme (MIS): Interest Rate, Investment Limits And More
    India Post, the operator of postal system in the country, also offers nine types of savings schemes with different interest rates. Monthly income scheme (MIS) account, one such savings scheme offered by the India Post, provides interest at the rate of 7.6 per cent for the current quarter, which is payable monthly, according to India Post's website - indiapost.gov.in. A Monthly Income Scheme (MIS) account can be opened through cheque or cash. In case of cheque, the date of realisation of cheque in government's account is the date of opening of account.
  • It's Official, Saudi Aramco Set To Rival Alibaba With IPO: 10 Things To Know
    Saudi Arabia's state oil company Aramco or Saudi Arabian Oil Co on Sunday announced its intention to go ahead with an IPO in the Tadawul stock exchange in Riyadh. With the Aramco IPO, the government of Saudi Arabia will sell a portion of its existing shares in the company. The statement from the company followed a go-ahead from the Saudi market regulator - the Capital Market Authority - on the same day, which would remain valid for six months. The much-awaited announcement by the world's most profitable company - Saudi Aramco - comes within two months of the attacks on its largest plant which affected about 5 per cent of the world's oil supply. Saudi Aramco accounts for 10 per cent of the supply of oil in the world.
  • Sensex At Record Closing High As Markets Extend Gains To Seventh Day: 10 Things To Know
    Continuing their rally to a seventh straight session, domestic stock markets moved higher on Monday led by buying interest in HDFC, Infosys, ICICI Bank, Bajaj Finance and Reliance Industries. The S&P BSE Sensex index jumped as much as 318.18 points to touch an all-time high of 40,483.21 during the session. The broader NSE Nifty benchmark climbed to as high as 11,989.15 during the session, marking a gain of 98.55 points from its previous close, but was still 113.9 points short of its all-time high recorded in June this year. However, weakness in Maruti Suzuki, Hero MotoCorp, HDFC Bank and Yes Bank led to the benchmarks trimming their gains in the morning.
  • Infosys Surges On Saying No Evidence Found In Whistleblower Complaints
    Infosys shares rose more than 6 per cent on Monday after the country's second largest software services company said it received no prima facie evidence to support the allegations in a whistleblower letter from last month. The letter, claimed to have been written by Infosys employees in October, alleged unethical practices and accused chief executive Salil Parekh of leading an effort to shore up profits through irregular accounting. It also said the CEO instigated them and others to bypass approvals for large deals, fearing a negative impact on shares from reduced profit.
  • Sensex Soars Over 300 Points To Record High: 10 Things To Know
    Continuing their upmove for a seventh straight session, domestic stock markets jumped on Monday tracking gains in Asian peers, with the S&P BSE Sensex index hitting a new all-time high. The Sensex rose 318.18 points to touch 40,483.21 in late morning deals, surpassing its earlier high of 40,412.25 clocked last week. The broader NSE Nifty benchmark climbed to as high as 11,989.15 - up 98.55 points from the previous close - but was still 113.9 points away from its all-time high recorded in June this year.
  • How To File An Online Claim For Provident Fund Withdrawal
    Employees' Provident Fund Organization or EPFO, the nodal agency that monitors Employees' Provident Fund (EPF) contributions, allows the subscriber - or employees of an organisation of 20 or more individuals - to make a partial withdrawal or "advance" from a PF corpus under certain conditions, according to its website - epfindia.gov.in. The subscribers can put a claim for 'advance' withdrawal via EPFO's unified portal- unifiedportal-mem.epfindia.gov.in. The claim is then forwarded to the employer for approval. Once approved, the amount is credited to the subscriber's account within 10 days.
  • Government Not Considering Gold Amnesty Scheme: 10 Things To Know
    The government is not considering any gold amnesty scheme, Finance Ministry sources said on Thursday. The clarification by Finance Ministry officials followed media reports that had suggested the government was planning a gold amnesty scheme as part of its efforts to unearth unaccounted wealth stashed in the form of yellow metal. The reports had said that the gold amnesty scheme would enable individuals and other entities to declare their unaccounted holding of gold without the risk of being prosecuted.

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