Maruti Suzuki to hike car prices by up to Rs 10,000

Maruti Suzuki to hike car prices by up to Rs 10,000. Maruti Suzuki India will increase the prices of its entire range of models by up to Rs 10,000 from October first week, mainly due to depreciation of rupee. The prices of vehicles manufactured by the country’s largest carmaker start from Rs 2.35 lakh and go up to […]

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RBI bans zero per cent interest rate scheme for buying goods

RBI bans zero per cent interest rate scheme for buying goods. The RBI today banned zero per cent interest rate scheme for purchase of consumer goods, a move intended to protect customers but may dampen the festive spirit. The central bank has also said that no additional charges can be levied on payment through debit cards. “…in principle, […]

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First monetary policy statement on Friday by RBI chief Rajan

First monetary policy statement on Friday by RBI chief Rajan. New Reserve Bank of India chief Raghuram Rajan makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low. But in a reflection of the policy challenges faced by […]

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Sensex up 61 points as IT stocks gain on weak rupee

Sensex up 61 points as IT stocks gain on weak rupee. MUMBAI: Erasing early losses, the BSE benchmark Sensex on Tuesday ended with a gain of over 61 points at 19,804.03 on the back of rise in IT stocks as the rupee showed signs of weakness against the US dollar in the run up to the two-day Federal Open Market Committee (FOMC) […]

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New RBI governor Rajan to step into close eye of rupee storm

(Reuters) – Raghuram Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India’s economy on Thursday as the new governor of Reserve Bank of India (RBI) and chief defender of a nose-diving rupee. New RBI governor Rajan to step into close eye of rupee storm. The currency has […]

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Rises over 38 points on power, pharma stocks in Sensex up for third day

MUMBAI: Rises over 38 points on power, pharma stocks in Sensex up for third day. Rising for the third straight day, the S&P BSE benchmark Sensex on Monday closed 39 points up at an over one-week high on buying in power, capital goods and healthcare shares, amid hopes of higher capital inflows. The 30-share Sensex, which had gained […]

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