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19 October, 2018 1:10 PM JSW Steel weighing options to fund acquisition of Bhushan Power, Essar Steel

Sajjan Jindal-led JSW Steel is exploring various financing models, including a 'joint control mechanism', to fund the acquisition of the stressed assets of Bhushan Power and Steel and Essar Steel, a source said. This assumes significance as JSW Steel's Rs 19,700 crore offer for debt-laden Bhushan Power and Steel (BPSL) has been backed by around 90 percent 41

17 October, 2018 4:54 PM Currency Notes Worth Lakhs Soaked In Odisha's Ganjam District

There are at least four ATMs and two deposit machines. At the time of floods, over Rs 60 lakh were in the machines Currency notes worth lakhs of rupees were soaked as flood water entered banks and ATM counters at Aska town in Odisha's Ganjam district, officials said on Wednesday. The town remained inundated for three days due to floods in the aftermath 42

17 October, 2018 1:16 PM RBI Wants to Enable Seamless Transfer Between Mobile Wallets Using UPI

The Reserve Bank of India on Tuesday laid out guidelines that would allow for seamless payments between different mobile wallets, in a move that could further boost the use of digital payments in the country. Mobile wallets such as the one run by SoftBank and Alibaba-backed Paytm have become popular in India after a ban on high-value currency in late 2016 pushed 54

16 October, 2018 2:35 AM Govt needs to focus on jobs creation: Bimal Jalan

Former RBI Governor Bimal Jalan said the government needs to focus on jobs creation and stressed that the long-term prospects for economic growth are good. Also, he said the Narendra Modi-led government has a majority and can take tough decisions. "I am positive about medium to long-term growth perspective of the economy... If you look at the all factors 88

15 October, 2018 7:08 AM September WPI inflation at 1-year high of 5.13%

New Delhi: Inflation based on wholesale prices rose to 1 year high of to 5.13 percent in September on rising prices of food items, especially vegetables and pulses. On the basis of Wholesale Price Index (WPI), inflation was 4.53 percent in August and 3.14 percent in September last year. According to a government data released today, the index for crude 59

13 October, 2018 4:00 AM Investing in corrections; RBI policy takeaways; stock market strategies

This week on The Moneycontrol Show, we discuss how should investors handle the current market correction, decode RBI policy and shed light on the triggers for the markets This week on The Moneycontrol Show, we discuss how should investors handle the current market correction. What are the ways to stem the risks in volatile times and still get better 50

12 October, 2018 4:30 PM Forex reserves down by $915.8 mn to $399.609 bn

The country's foreign exchange reserves declined by $915.8 million to $399.609 billion in the week to October 5 on account of a fall in foreign currency assets, according to RBI data. In the previous week, the reserves had declined by $1.265 billion to $400.52 billion. In the reporting week, foreign currency assets, a major component of the overall reserves 58

12 October, 2018 3:15 PM Macro@Moneycontrol I What does the RBI’s latest policy mean for you?

Tune in to find out how the RBI's repo rate decision will impact people's expenses this festive season. The Monetary Policy Committee of the Reserve Bank of India (RBI), in its fourth bi-monthly policy review, retained its key policy rates. This decision took the street by surprise as top economists were of the view that the RBI would continue to hike rates 39

9 October, 2018 10:44 AM Rupee slips to new low, touches 74.27 against dollar

Rupee has been on a downward spiral lately. New Delhi: The Indian rupee plunged to a new low of 74.27 against dollar during the mid-afternoon session on Tuesday after rent crude breached the USD 84 a barrel-mark again and the American currency strengthened overseas. Rupee has been on a downward spiral lately and sentiment has also been weaker after the RBI held interest 53

9 October, 2018 7:18 AM SEBI plans to merge NRI, portfolio investment scheme routes with FPIs

NRIs are currently allowed to invest in Indian markets directly and indirectly through multiple routes. A SEBI panel may suggest merging the non-resident Indians (NRI) portfolio investment schemes (PIS) routes with that of foreign portfolio investors (FPIs), which will help in establishing a uniform regime for all foreign portfolio investors, as per a report 66