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BUSINESS

RBI allows rupee derivative trading in IFSC

Mumbai, Oct 4 (IANS) The Reserve Bank of India on Friday allowed rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs) to deepen the local bourses by bringing rupee trading home.An RBI ... Read More »

NHPC takes over 500 MW Lanco Teesta Hydro for Rs 897 cr

New Delhi, Oct 4 (udaipur kiran) NHPC Ltd on Friday entered into a definitive agreement with lenders for the takeover of insolvent Lanco Teesta Hydro Power Ltd (LTHPL), which is implementing the 500 MW Teesta VI Hydropower project in Sikkim. Under the terms of the agreement, NHPC will be taking ... Read More »

Thomas Cook gains on the BSE

Thomas Cook is currently trading at Rs. 141.35, up by 0.75 points or 0.53% from its previous closing of Rs. 140.60 on the BSE. The scrip opened at Rs. 139.30 and has touched a high and low of Rs. 142.40 and Rs. 138.90 respectively. So far 5115 shares were traded ... Read More »

Housing players laud rate cut, seek adequate transmission

New Delhi, Oct 4 (udaipur kiran) Real estate developers welcomed the Reserve Bank’s 25 basis points (bps) repo rate cut on Friday saying that the consecutive rate cuts would boost demand for the long-subdued sector. Developers, who have been in the midst of a liquidity crunch over the last one ... Read More »