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Mumbai, Sept 15 : Reserve Bank of India ( RBI) Governor Raghuram Rajan said here on Monday that Prime Minister Narendra Modi's Pradhan Mantri Jan Dhan Yojana ( PMJDY) is the biggest development in terms of financial inclusion.

"When we talk of financial inclusion, the biggest development has been Prime Minister's Jan Dhan Yojana, financial access has to be a national priority. Jan Dhan Yojana is a good scheme, the target should be universal reach, not speed and numbers," said Rajan.

New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 percent in August to a nearly five-year low.

The inflation measured on Wholesale Price Index (WPI) was at 5.19 percent in July and 6.99 percent in August 2013.

Inflation in the food segment witnessed a significant decline to 5.15 percent in August as against 8.43 percent in the previous month, according to official data released here today.

The August WPI inflation is the lowest since October 2009 when it stood at 1.8 percent.

Vegetable prices contracted 4.88 percent, the third continuous month of decline.

London, Sep 15 - American multinational company eBay crashed for a second time in the month of September for over

Mumbai: The benchmark BSE Sensex tumbled over 185 points to dip below the 27,000-mark in early trade on Monday on selling by funds and retail investors after industrial production growth slowed to 0.5 percent in July amid a weak trend in the Asian region.

The 30-share barometer slipped below the 27,000-mark by falling 185.55 points, or 0.69 percent, to 26,875.49 with metal, FMCG, power, capital goods and IT stocks leading the fall.

The index had gained 65.17 points in the previous session on Friday.

On similar lines, the National Stock Exchange index Nifty moved down by 70.95 points, or 0.88 percent, to trade below the 8,100-mark at 8,034.55.

Mumbai: The rupee depreciated by 32 paise to 60.97 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to increased demand for the US currency from importers amid a weak opening in the domestic equity market.

Forex dealers said besides fresh demand from importers for the American unit, a lower opening in the domestic equity market as well as decline in industrial production growth to 4-month low of 0.5 per cent in July, put pressure on the rupee.

However, the dollar's gain against the euro overseas, capped the losses, they said.

Mumbai: India's largest software exporter TCS on Sunday said it has opened Saudi Arabia's first all-female business process centre, which will provide employment to up to 3,000 women in three years.

Saudi Aramco and GE are the centre's first customers, TCS said in a statement here.

Both the clients have already surpassed their target of recruiting 100 women each, while the total number of those employed at the centre stands at 300, it said.

The Riyadh-based 3,200-sq mt facility will offer customers specialised finance and accounting, human resources, materials supply and office services to improve their operational efficiency, it said.

The centre was announced in September last year.