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June 2016

Gold set for best month since February after Brexit shock

June 30, 2016 by shekarm

Gold steadied on Thursday as wider markets showed signs of stabilising, but the metal remained on track for its biggest monthly rise since February in the wake of last week's vote on Britain's membership of the European Union.

Monsoon rains 1 percent above average in past week - IMD

June 30, 2016 by shekarm

Monsoon rains in India were 1 percent above average in the week ending June 29, the India Meteorological Department (IMD) said on Thursday.

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India to get over $1 billion from World Bank for Modi's solar goals

June 30, 2016 by shekarm

The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head.

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Haryana to auction bonds worth Rs 775 cr under UDAY

June 30, 2016 by shekarm

Reserve Bank has said Haryana will place special securities worth Rs 775 crore tomorrow, under the discoms' financial restructuring scheme, UDAY.

"Haryana government proposes to issue special securities of a notified amount of Rs 775 crore, under the Ujjwal Discom Assurance Yojna Scheme (UDAY)", RBI said in a release.<

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WB promises India support to sustainable development

June 30, 2016 by shekarm

World Bank President Jim Yong Kim today promised "proactive" and "full support" to India's efforts for evironmentally sustainable development as Prime Minister Narendra Modi pitched for adequate climate change financing.

Kim, during a meeting with Modi here, appreciated India s "rapid progress" in improving the ease of doing

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Indian money in Swiss banks dips 33% to Rs 8,392 cr

June 30, 2016 by shekarm

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland's banking system.

The funds held by Indians with banks in Switzerland fell by CHF 596.42 million to CHF 1,217.6 million at

Farm revival some way off despite a good monsoon: Ind-Ra

June 30, 2016 by shekarm

Farm recovery may be delayed despite a favourable monsoon this year and India needs more such spells because drought in the last two years has created much more severe stress, the latest report from India Ratings and Research said.

A complete recovery of the farm sector would require a strong improvement in productivity, yiel

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NSE launches concession scheme in transaction fee currency F&O

June 30, 2016 by shekarm

The National Stock Exchange of India Limited (NSE) has started a concession scheme called NSE MORE in the transaction charges for 'far month' contracts in the currency derivative segment.

Far month contracts refer to third month and beyond expiry contract.

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GERC's proposal'll slow down wind capacity addition

June 30, 2016 by shekarm

  • GERC's proposal'll slow down wind capacity addition 

China growth rebounds in Q2, but may not last - private survey

June 30, 2016 by shekarm

China growth rebounds in Q2, but may not last - private survey

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