RBI surprises Street; Sensex pares gains after hitting mount 30k
NEW DELHI: The S&P BSE Sensex has pared gains after rallying as much as 431 points in trade on Wednesday, after the Reserve Bank of India (RBI) slashed repo rate by 25 bps to 7.5 per cent from 7.75 per cent earlier. Tracking the momentum, the 50-share Nifty index also came under some pressure... read more »
Gold, silver rebound on marriage season demand, global cues
Gold prices recovered by Rs 95 to Rs 27,285 per 10 grams at the bullion market on Thursday on emergence of buying by jewellers to meet wedding season demand amid a firm global trend. Silver followed suit and rebounded by Rs 200 to Rs 37,400 per kg on increased offtake by industrial units and... read more »
Fierce bidding for coal blocks raises viability concerns
The high prices at which steel and power companies are bidding and getting coal blocks allocated through the ongoing e-auction process are raising serious concerns as to whether these entities will cut corners on issues such as environment and workers’ safety once they embark on mining the blocks... read more »
Coal auction vindicates CAG stand: Nirmala Sitharaman
The ongoing auctioning of coal blocks has vindicated the Comptroller and Auditor General’s (CAG) criticism of the way the natural resources was allocated by the previous government, Commerce and Industry Minister Nirmala Sitharaman said on Thursday. “Certainly the CAG’s position has been... read more »
