Rolls Royce to return to govt Rs 18 crore paid to commission agents

NEW DELHI: Facing the heat of a CBI probe in an alleged bribery scandal, British firm Rolls Royce has written to the state-owned HAL that it was ready to return Rs 18 crore paid by it to its commission agents to the government. The defence ministry ordered a CBI probe into Rolls Royce’s alleged hiring […]

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RBI sets rupee reference rate at 67.4325 against dollar

MUMBAI: The Reserve Bank of India on Friday fixed the reference rate of the rupee at 67.4325 against the US dollar and 73.3868 for the euro. These rates were 67.0950 and 72.9725, respectively, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 97.1095 […]

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Asia Shares Hit 3-1/2-Year Lows as Oil Resumes Fall

Tokyo/Singapore: Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on edge. MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.3 per cent to the lowest level since June 2012, and was on track for a loss of 2.7 per […]

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