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RBI Changes Bonds Auction Methodology

Reserve Bank of India has decided to auction bonds on the basis of uniform price method The Reserve Bank of India (RBI) has altered its methodology for auction of bonds, under which bonds maturing between two to 14 years, will now be auctioned under the uniform price method. Subsequently, the benchmark …

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Amazon, Tata Say E-Commerce Rules Will Hit Businesses: Report

Tata Group, Amazon have warned that new e-commerce rules will impact their businesses Amazon.com Inc and Tata Group warned government officials on Saturday that plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar with the discussions told Reuters. At a …

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Fuel Prices Hiked After Two Days

Petrol and diesel rates today in Delhi, Kolkata, Chennai, Mumbai: Fuel prices hiked after two days Petrol, Diesel Price Today: Petrol and diesel prices were hiked across the four metro cities on Sunday, July 4, according to data released by the Indian Oil Corporation (IOC). In the national capital, petrol prices are …

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Indian Railways’ Freight Ferries ‘Laterite’

  The Chennai division transported a total of 3,962 tonnes of laterite to Andhra Pradesh A new commodity for the Indian Railways freight network – ‘laterite’ – one of the major raw materials used for construction, was recently loaded and ferried between Tamil Nadu and Andhra Pradesh, which the railway ministry pegged as ”a …

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Sensex Snaps Two-Day Losing Streak, Nifty Reclaims 15,700

The Indian equity benchmarks snapped their two-day losing streak on Friday led by gains in Reliance Industries, ICICI Bank, Infosys, HDFC and State Bank of India. For most part of the day, benchmarks traded in a rangebound manner. However, late buying in banking an d financial services shares helped benchmarks …

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