Business

The RBI has also clarified that it has not given any license/authorisation to any entity/company to operate such schemes or deal with bitcoin or any virtual currency.

Nirav Modi also disagreed with the loan default amount of Rs 11,400 crore and pegged the amount his companies owe to the bank at under Rs 5,000 crore.

Mahindra & Mahindra managing director Pawan Goenka disagreed, saying the state has a strong presence in manufacturing and should continue focussing on the same.

According to media reports, the estimated cost of developing these projects is $1.5 billion. The Trump family earned $3 million in royalties in 2016 from ventures in India, according to a New York Times report.

The metal rose 2.4 percent last week in its best weekly gain in more than five months, as investors bought gold on fears of rising inflation in the United States.

Besides domestic developments, the movement of funds and crude oil prices are expected to dictate the market sentiment this week. During the past week, the Sensex had tumbled 286.71 points while the Nifty fell 93.20 points.

"I am simply unable to accept the argument that the ostensible purpose of the (Financial Resolution and Deposit Insurance) Bill is to protect the interest of the depositors. To the contrary, the bill is meant to do just the reverse," wrote Banerjee.

The bank is planning to monetise some of its fixed assets, sources said, adding the state-run lender has large number of properties which are lying vacant.

The bank became suspicious only on January 16 when the accused companies --Diamond R US, Solar Exports and Stellar Diamonds (all accused in the CBI FIR) -- approached it with import documents and a request to issue Letters of Understanding (LoUs) for rais...

In a series of tweets, he said that former NITI Aayog vice-chairman Arvind Panagariya had spoken against the protectionist custom duties and world stock exchanges protested government-inspired NSE/BSE restrictions on sharing data.

While private sector banks' bad loans ratio was maintained broadly at 4.1 percent, their state-run counterparts registered a spike in the proportion of dud assets at 12.4 percent.

The sharp falls of the week confirmed the market was in a correction, down more than 10 percent from a Jan. 26 record high, and throwing the nearly nine-year bull market off course.

Issued hours after the markets closed for the day, it did not mention the SGX issue. According to the bourses, any other arrangement that is part of the licensing pacts would be grandfathered for a period of one month.

This is the weakest closing since January 4 when it had closed at 33,969.64. The index had recovered 330.45 points in the last session. The NSE Nifty settled at 10,454.95, down 121.90 points, or 1.15 percent. It moved between 10,398.20 and 10,480.20 in da...

Under the agreement, the Emirates Group will share industry expertise and identify development and investment opportunities in Andhra Pradesh, a company release said.

Analysts said distressed selling by leveraged funds looked to have run its course for the moment, allowing volatility to abate a little, though the prospect of monetary tightening across the globe remained a challenge for the long term.