Mumbai: Depreciation in dollar value, interest payments on securities held by the apex bank in non-dollar currencies and the rich payouts for its participation in the forwards trading market led to an exponential rise in
New Delhi: Finance Minister Arun Jaitley today said inflation has been brought under control in the past one year but global economy and agrarian situation as well as domestic investments pose challenge to the Indian
London/New Delhi: NRI billionaire Lakshmi Mittal-led ArcelorMittal today partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly
Mumbai: The benchmark BSE Sensex recovered by over 148 points on Friday to close at one-month high of 27,957.50 on across-the-board buying by participants amid renewed hopes of a rate cut and better-than-estimated corporate earnings.Besides,
Mumbai: The rupee edged higher marginally by 5 paise to 63.59 against the US dollar in early trade today on continued selling of the American currency by banks and exporters.Forex dealers said that besides the
New Delhi: Realty major DLF said Pia Singh, daughter of company's chairman K P Singh, has resigned as a whole-time director but will continue as a non-executive member of the board.Pia Singh had 1.2% stake
Mumbai: The Reserve Bank today asked Urban co-operative banks to appoint nodal officers for implementation of the government's flagship scheme, Atal Pension Yojana (APY), which provides for a minimum pension of Rs 1,000-5,000, depending upon
Chennai: Market regulator SEBI on Thursday charged A.Vellayan, chairman of Murugappa group and three other persons for insider trading.The Securities and Exchange Board of India (SEBI) in an order said Vellayan also the chairman of
Jalandhar: The bilateral trade between India and the US is expected to increase to USD 500 billion from the current USD 100 billion, US Ambassador to India Richard Verma said today. Verma said that India and
New Delhi: Aiming to attract overseas funds, government today decided that non-repatriable investments by NRIs, OCIs and PIOs will be treated as domestic investments and will not be subject to foreign direct investment caps. The
Mumbai: The benchmark BSE Sensex today settled marginally lower by 28 points at 27,809.35 as market remained cautious on concerns over poor quarterly earnings despite prevailing rate cut hopes.Participants were guarded ahead of corporate earning
Chennai: Two and three wheeler maker Bajaj Auto Ltd closed last fiscal with a lower net profit despite the total income going up, the company said.In a regulatory filing in BSE on Thursday, the company
New Delhi: Reliance Industries' Chairman and Managing Director Mukesh Ambani kept his annual salary capped at Rs 15 crore for the seventh year in a row even as the remuneration of most directors declined marginally.Ambani,
Amritsar: Favouring enhancement of trade between India and Pakistan through land route, US Ambassador to India Richard R Verma said here today that he would certainly do whatever he can to push the governments of
Mumbai: The benchmark BSE Sensex today rose 192 points to its highest in near one-month at 27,837.21, as blue-chips HDFC, Wipro and TCS gained on resumption of buying by foreign investors amid prevailing rate cut
United Nations: The UN has now raised its projections for the Indian economy's growth this year by 1.7 percent to 7.6 percent and by 1.4 percent to 7.7 percent next year from the estimates it
New York: The expectations from the new government when it came to power last year were “probably unrealistic” but it has taken steps to create an environment for investment and is “sensitive” to concerns of
Beijing: China unveiled 'Made In China 2025' campaign, a 10-year national plan to enhance its competitiveness in the manufacturing sector to boost economic growth amid India's push to become a global manufacturing hub.The blueprint of
New York: Raising concern over central banks globally being pushed into "competitive monetary easing", RBI Governor Raghuram Rajan today said lower interest rates and tax incentives can boost investments, but it is consumer demand that
United Nations: India's economic growth is projected to surpass that of China's, with the GDP expected to zoom by 7.7 per cent in 2016, according to a UN report which said India will help accelerate
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