Rupee Falls to Nearly Two-Year Low of 65.90/Dollar
The Indian rupee fell to 65.90/dollar on Friday amid fears of a currency war after China’s depreciation of its yuan. This is lowest value of the rupee since September 6, 2013, when it had hit 66.29/dollar. This takes the rupee’s fall to over 3 per cent since August 11, 2015, when China... read more »
Vedanta’s Goa mine may restart iron ore export to China
Vedanta’s iron ore division in Goa is expected to resume exports to China after a lull of three years. Representatives of steel manufacturing mills from China’s Jiangsu province and Tangshan area are currently in Goa to have discussions with officials of Vedanta’s subsidiary, Sesa... read more »
SBI Launches Mobile Wallet App Buddy
Mumbai: The country’s largest lender State Bank of India on Tuesday launched a mobile wallet app, SBI Buddy, in collaboration with Accenture and MasterCard. The service will be also available non-SBI customers. The mobile wallet app can be used to send money, book tickets for movies, flights,... read more »
Black money compliance window will not be extended
With concerns being raised over misuse of information declared under recently notified one-time black money compliance window, the government has assured that confidentiality of individuals, who wants to come clean, would be maintained. It has, however, made it clear that there will not be any... read more »
