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Friday, 21 September 2018 23:03

Rupee strengthens to 72.38 to a dollar

The rupee strengthened against the US dollar on Wednesday after a news report said the Reserve Bank of India was studying off-market swap deals for oil retailers.

Infrastructure Leasing & Financial Services (IL&FS) was unable to service its obligations on interest payments on non-convertible debentures that were due on Friday,

Barely 24 hours after agreeing to the engagement, the government Friday called off a meeting between the foreign ministers of India and Pakistan in New York,

Congress chief Rahul Gandhi on Friday launched a scathing attack on Prime Minister Narendra Modi following former French President Francois Hollande’s reported remarks on the Rafale deal, saying he has “betrayed” India.

Fitch Ratings Friday upped India's growth forecast for the current fiscal to 7.8 per cent, from 7.4 per cent projected earlier.

Sensex and Nifty observed a major crash in the afternoon trade today following a sharp fall in housing finance stocks.

The ED said Friday it has attached assets worth Rs 42.88 crore in India and Dubai in connection with a money laundering probe related to a bitcoin transaction case.

Providing relief to foreign portfolio investors, Sebi on Friday came out with revised Know Your client (KYC) norms as well as eligibility conditions for such entities.

Shares of non-bank finance companies (NBFCs) took a massive beating on Friday, with DHFL amd Indiabulls Housing Finance tumbling around 60 per cent and 30 per cent respectively in intraday trade.

Shares of YES Bank collapsed 34 per cent in the early trade on Friday after the RBI curtailed the term of lender's founding CEO Rana Kapoor and asked the bank to look for his replacement by January 2019.

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