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Rupee clears one obstacle only to face another in state polls

Rupee clears one obstacle only to face another in state polls

Political uncertainty is emerging as the key risk as Prime Minister Narendra Modi is seen facing a tough electoral battle in some major states ahead of the national vote in 2019. By Subhadip Sircar India’s rupee has overcome one hurdle after the central bank and the gov

PCA bank stocks slump up to 7% after RBI board meet

PCA bank stocks slump up to 7% after RBI board meet

Out of the 21 state-owned banks, 11 are under the PCA framework at present.NEW DELHI: Shares of 11 state-run banks that are under the prompt corrective action (PCA) framework of the RBI were trading in the red in the morning trade on Tuesday. Shares of Bank of Maharash

Share market update: IT shares trade in the red; HCL slips 3%

Share market update: IT shares trade in the red; HCL slips 3%

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.NEW DELHI: IT shares were trading in the red with the Nifty IT index down 1.37 per cent at 14,399.75 on Tuesday. Shares of HCL Technologies (down 2.99 per cent), Tech Mahind

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