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13 December, 2018 6:29 AM Mutual funds bet big on these 30 stocks in November; do you own any?

The Indian equity market rose about 5 percent in November but what was more heartening to see was inflows into mutual funds. Investors pumped Rs 1.4 lakh crore into various mutual fund schemes in the month. With the latest inflow, the total infusion in mutual fund (MF) schemes reached about Rs 2.23 lakh crore year-to-date, latest data with the Association 284

12 December, 2018 2:45 PM New RBI Governor Very Sensible, Forward-Looking: NITI Aayog CEO

Shaktikanta Das was appointed RBI Governor a day after Urjit Patel quit abruptly. NITI Aayog CEO Amitabh Kant on Wednesday said that new Reserve Bank of India Governor Shaktikanta Das will add immense value to the central bank as far as its independence and autonomy is concerned. Mr Kant also called Mr Das "a very sensible and forward-looking officer 94

12 December, 2018 10:54 AM Will new RBI governor stand up for the central bank?

Shaktikanta Das was instrumental in setting up the Monetary Policy Committee and played a key role in the government's demonetisation drive. Barely 24 hours after Reserve Bank of India (RBI) Governor Urjit Patel resigned, the government announced that Shaktikanta Das, a member of the 15th Finance Commission and former Economic Affairs Secretary would 76

12 December, 2018 5:46 AM In His Own Tweets: What New RBI Governor Shaktikanta Das Thinks

Shaktikanta Das is an active user of Twitter, a sharp contrast to the outgoing RBI chief Urjit Patel who was publicity shy and rarely gave interviews. The new central bank governor Shaktikanta Das is an active user of Twitter, a sharp contrast to the outgoing chief Urjit Patel who was publicity shy and rarely gave interviews. The tweet landed when India 107

11 December, 2018 6:29 PM RBI slaps Rs 1 crore fine on Indian Bank for violating cyber security norms

Mumbai: The Reserve Bank of India Tuesday said it has imposed a fine of Rs 1 crore on Indian Bank for violating cyber security norms. The RBI has imposed, by an order dated November 30, 2018, a monetary penalty of Rs 10 million on Indian Bank for contravention of Circular on Cyber Security Framework in banks, the central bank said in a release. The contravention 138

11 December, 2018 2:25 PM Shaktikanta Das appointed as new RBI Governor

New Delhi: Ending speculations, government appointed former Economic Affairs secretary Shaktikanta Das as the new Governor of the Reserve Bank of India. His appointment comes a day after Urjit Patel announced to resign as RBI Governor with immediate effect citing personal reasons. Das has become the 25th RBI Governor, and will serve a three-year term. "The Appointments 129

11 December, 2018 5:46 AM Rate-sensitive stocks trade lower on Urjit Patel's resignation; HDFC Bank, Oberoi Realty fall 2-3%

Interest rate-sensitive stocks are trading in the red with Nifty Bank, Nifty Auto and Nifty Realty down up to 1 percent each after the sudden announcement of resignation of Reserve Bank of India Governor Urjit Patel. Bank Nifty was down over 1 percent with losses from HDFC Bank and ICICI Bank which shed 2 percent each while IndusInd Bank and Kotak Mahindra 147

10 December, 2018 1:26 PM India's software service exports increased in 2017-18: RBI data

India's total exports of software services, excluding exports through overseas commercial presence, increased by 11.6 percent to $ 108.4 billion in 2017- 18, according to the Reserve Bank of India's annual survey. Total exports of software services by India, including services delivered by foreign affiliates of Indian companies, which were mainly present 218

10 December, 2018 8:14 AM Important for Indian govt to heed RBI's message on financial stability, says IMF Chief Economist

The Indian government must heed the RBI's message on financial stability, IMF's Chief Economist Maurice Obstfeld has said, amidst reports of friction between the central bank and the finance ministry over several issues, including how much capital the apex bank needs. Addressing a group of journalists here on Sunday, he also said the International Monetary 134

5 December, 2018 3:55 AM Sensex Below 36,000, Nifty Breaks 10,800 Ahead Of RBI Policy Outcome

The domestic stock markets started on a negative note on Wednesday, ahead of the outcome of the Reserve Bank of India's fifth bi-monthly policy review. The S&P BSE Sensex opened at 36,035.65, and the Nifty50 barometer of the National Stock Exchange (NSE) started at 10,820.45. At 9:17 am, the Sensex was at 35,949.25, down 185.06 points or 0.51 per cent and the Nifty 133