Forex reserves fall $643 mn
The country’s foreign exchange reserves fell by $643.3 million for the week ended August 8 to $319.35 billion, shows Reserve Bank of India data released on Friday. Foreign currency assets fell by $646.7 million to $292.05 billion.Gold reserves remained unchanged during the week at $21.17... read more »
Delivery, infrastructure key for Jan Dhan Yojana success
The success of the Jan Dhan Yojana announced by Prime Minister Narendra Modi would depend on how fast financial service providers improve their delivery, financial sector executives said. The scheme aims to help the poor open bank accounts with a debit card and an accident insurance of Rs 1... read more »
SC gives Subrata Roy 15 more days to finalize hotel deals
NEW DELHI: Jailed Sahara chief Subrata Roy on Thursday told the Supreme Court that he has finalized deal for sale of three hotels in London and New York.Roy told the apex court that he has been able to negotiate a price for London’s Grosvenor House which is 46% higher than the price estimated... read more »
ONGC Completes Drilling of Six Exploratory Wells
Vadodara: ONGC has completed drilling of six exploratory wells so far, out of its target of 36 for this year, a top executive said on Thursday. “We have a target of 36 exploratory wells this year, out of which 6 wells have been completed till date,” G C Katiyar, executive director,... read more »
