ECONOMY NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

India, Russia discuss ways to boost trade, investments  -   17/11/2017 16:21
I ndia and Russia have discussed ways to boost bilateral trade and investments to strengthen economic ties, the commerce ministry said today. Commerce and Industry Minister Suresh Prabhu met Russia's Minister for Economic Development Maxim Oreshkin in Moscow yesterday and discussed the current level of trade between the countries and ways for its enhancement. "They also discussed opportunities th...
RBI sets rupee reference rate at Rs 64.8462 against dollar  -   17/11/2017 15:10
T he Reserve Bank of India today fixed the reference rate of rupee at 64.8462 against the US dollar and 76.5574 for the euro as against 65.2969 and 76.5574 respectively, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 85.7850 and 57.59 per 100 yen, respectively, based on reference rates for the dollar and cross-currency quotes at noo...
Govt, investors urged to create more women entrepreneurs  -   17/11/2017 15:09
A former director of Tata Sons Alan Rosling has said there is a need for creating more women entrepreneurs and called up on the government and investors to ensure they get the necessary venture capital funds and enabling infrastructure. Addressing the Tata Literature Live here today, Rosling said role of government should be a facilitator, provide necessary infrastructure and make doing businesses much...
Moody's revises four Indian financial institution's ratings  -   17/11/2017 14:30
M oody's Investors Service has upgraded the long-term ratings of four Indian financial institutions, EXIM India, HDFC Bank, Indian Railway Finance Corporation Limited (IRFC) and SBI, to Baa2 from Baa3. In the case of HDFC Bank, Moody's has also upgraded the bank's baseline credit assessment (BCA) and adjusted BCA to baa2 from baa3. And, Moody's has upgraded the Counterparty Risk Assess...
Moody's upgrades ratings of 5 Indian non-financial cos  -   17/11/2017 14:28
G lobal rating agency, Moody's Investors Service has taken a number of rating actions on Indian non-financial corporates, following its earlier announcement that it has upgraded India's sovereign rating to Baa2 from Baa3. As a result of the sovereign action, Moody's has upgraded the foreign currency issuer ratings of Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation...
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