The Reserve Bank of India (RBI) will set up a regulatory sandbox to benefit financial technology (Fin-Tech) companies by way of reduced time to launch innovative products at a lower cost, Governor Shaktikanta Das said on Monday.
The benchmark BSE Sensex plunged over 325 points and slipped below the 38,000-mark in early trade Monday, in tandem with weak global cues and depreciating rupee.
The rupee depreciated 16 paise to 69.11 against the US dollar in opening trade Monday on month-end demand for the American currency from importers amid a weak opening in domestic equity market.
Gold prices Friday rose by Rs 80 to Rs 33,050 per 10 gram at the bullion market on increased buying from jewellers amid firm trend overseas, according to All India Sarafa Association.
Rising for the ninth straight session, market benchmark BSE Sensex rose over 119 points in early trade Friday led by gains in banking, metal and auto stocks amid sustained foreign fund inflow.
The Enforcement Directorate on Wednesday said that diamond merchant Nirav Modi has been arrested in London, and would be produced in the court later today.
A 10-km stretch of Hyderabad Metro Rail between Ameerpet and Hi-Tec City was inaugurated Wednesday, covering 56 km of the 72 km long elevated Hyderabad Metro Rail project, becoming India's second largest network.
Traders here burnt Chinese goods to protest China's move to use its veto in the UN Security Council against declaration of JeM chief Masood Azhar as a "global terrorist"
Benchmark indices opened on a positive note Wednesday on sustained foreign fund inflow ahead of March derivatives expiry.
The rupee fell 19 paise to 69.15 against the US dollar in early trade Wednesday after crude price rose to a four-month high in global market amid increased demand for the American currency from importers.
The pre-election rally continued at stock markets on Friday with the benchmark BSE Sensex breaching the key 38,000 level after a gap of six months.
China's national legislature on Friday passed a new foreign investment law that aims to improve transparency and ensure a level playing field for domestic and foreign businesses.
Inflation based on wholesale prices rose to 2.93 per cent in February over the previous month due to hardening of prices of primary articles, fuel and power, according to government data released Thursday.
The BSE benchmark Sensex rose over 150 points Thursday led by gains in financial stocks amid unabated foreign fund inflow and positive domestic cues.
Leading industrialist Rahul Bajaj will step down as the Chairman and Non-Executive Director of Bajaj Finserv from May 16 as part of succession planning, the diversified non-banking financial company said on Wednesday.
The BSE benchmark Sensex rose over 100 points Wednesday led by gains in banking stocks amid continued buying by foreign investors.