The Indian rupee opened flat at 84.24 against the US dollar on Thursday, following a slight dip of 11 paise to close at 84.45 on Wednesday. On Tuesday, it had closed at 84.34. The minor decline reflects the ongoing volatility in the foreign exchange market. The rupee had also opened weaker by 5 paise at 84.39 on Wednesday morning. Analysts predict that the rupee's range for the day will likely stay between 84.30 and 84.50. Anil Kumar Bhansali, head of treasury and executive dire

The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998. The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to

In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95. Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction

The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September. This latest forecast is lower than the previous projection of 7% made by RBI Gov

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

In a powerful display of solidarity, 50 senior faculty members at RG Kar Medical College and Hospital in Kolkata have resigned in support of protesting junior doctors. This unprecedented action comes in the wake of a tragic incident involving the rape and murder of a trainee doctor, which has ignited widespread outrage and demands for reform within the healthcare system. Visuals shared on social media captured the moment when students erupted in applause as the senior doctors submit

Vijay Sharma, a fake doctor, was arrested for orchestrating a significant scam that involved selling fraudulent medical degrees to over 400 students. This deceptive scheme defrauded students of approximately ₹3.7 crore, leaving many unaware of the illegitimacy of their degrees until they sought employment or applied for medical licenses. The investigation revealed that Khusro Memorial P.G. College played a pivotal role in issuing these fake MBBS degrees from various universities across Indi

Introduction and Background: In Kolkata, junior doctors are continuing their protest over the horrific rape-murder of a fellow doctor. Their protest has brought significant attention to their demands for greater transparency in the investigation and meetings with state officials. Recently, these doctors received a "fifth and final" invitation from Chief Minister Mamata Banerjee to discuss their concerns. This meeting is crucial given the recent develop

West Bengal Chief Minister Mamata Banerjee addressed a dramatic standoff with junior doctors in an emotional speech, expressing her willingness to step down from her post to prioritize the well-being of the people. The tension peaked after doctors refused to attend a crucial meeting at the state secretariat due to a disagreement over the live transmission of the proceedings. Banerjee's offer to resign was driven by her frustration with the ongoing healthcare cr

RG Kar Medical College and Hospital has recently issued a notice to 51 of its doctors, including senior residents, house staff, interns, and professors, for allegedly promoting a culture of intimidation that threatens the democratic atmosphere of the institution. The notice, signed by the hospital's principal, demands that these doctors appear before an enquiry committee on September 11 to prove their innocence. Until then, their access to the hospital campus is restricted and their parti

In the ongoing Kolkata hospital rape-murder case, the Supreme Court’s fresh scrutiny has significantly intensified the BJP's demand for the resignation of Kolkata Police Commissioner Vineet Goyal. The court's focus on alleged lapses in the police investigation, including a missing postmortem challan and the 14-hour delay in filing the First Information Report (FIR), has fueled calls for accountability. The Chief Justice of India, DY Chandrachud, emphasized the importance of the

The Medical Counselling Committee (MCC) has officially initiated the counselling process for NEET UG 2024, marking a significant step for candidates aspiring to secure admissions in undergraduate medical courses. The registration for Round 1 of counselling has commenced and will be open until August 21, 2024. During this period, qualified candidates can register for MBBS, BDS, BSc (Nursing) courses by visiting the MCC’s official website. The counselling process will follow a s