Rupee slides to new low of 96.53 vs dollar

MUMBAI: The rupee weakened to a record closing low of 96.53 against the dollar on Tuesday, marking its sixth consecutive session of decline, as sustained high crude oil prices and adverse global cues weighed on the currency. The local unit closed 18 paise lower compared to 96.35 in the previous session, after touching an intraday…

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Ranbir Kapoor’s visit to ‘Ramayana’ producer Namit Malhotra’s office sparks buzz about new first look on the cards

Actor Ranbir Kapoor and producer Namit Malhotra have sparked fresh excitement among fans of the upcoming epic ‘Ramayana‘ after they were spotted together on Tuesday.Buzz surrounding the project and a possible new first look drop has been doing the rounds after Ranbir was spotted visiting Malhotra’s Prime Focus office, the global visual effects and post-production…

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RBI to align bank disclosure norms with global standards

MUMBAI: RBI’s new disclosure norms will put unlisted banks at par with listed peers, standardise reporting formats and units, and make global comparisons of Indian lenders much easier by mandating uniform, template-driven disclosures.The new norms prescribe globally aligned reporting architecture that mirrors Basel standards, addressing the third of the three pillars of the globally accepted…

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Standards for fuel blends up to E30 notified

NEW DELHI: Govt has notified a new standard for higher ethanol-petrol blends — E22, E25, E27 and E30 fuels — paving the way for blending of ethanol in petrol beyond the current 20% level. The govt push to increase ethanol blending comes amid reports of availability of surplus ethanol and to reduce crude imports due…

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