RBI relaxes cash withdrawal limit with immediate effect
MUMBAI The Reserve Bank of India (RBI) on Monday relaxed cash withdrawal limits from automated teller machines (ATMs) and current accounts with immediate effect.
Reuters Market Eye - Shares of sugar refiners gain after a report that Food Minister Ram Vilas Paswan has called a second high-level meeting on Monday to discuss ways to bail out the ailing sugar industry.
Bajaj Hindusthan Ltd (BJHN.NS) gains 3 percent, Dhampur Sugar Mills Ltd (DAMS.NS) higher 2.1 percent, Shree Renuka Sugars Ltd (SRES.NS) up 3.2 percent, and Balrampur Chini Mills Ltd (BACH.NS) rises 3.8 percent.
(Reporting by Abhishek Vishnoi)
NEW DELHI Philip Morris International is fighting to keep a toehold in India's $11 billion tobacco market, as the government considers further tightening foreign investment rules in the sector, according to documents seen by Reuters.
DAVOS, Switzerland A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos.