Mumbai: India's IT entrepreneurs are looking at various options to minimise the impact on their bottomlines of the strengthening of the rupee against the US dollar.While these entrepreneurs have started quoting in dollars to their
New Delhi: Top bureaucrats, headed by Cabinet Secretary Ajit Seth, today reviewed the current price situation and preparedness to deal with the impact of delayed monsoon on inflation.“The Cabinet Secretary took a meeting of Committee
New Delhi: Finance Minister Arun Jaitley today described the economic situation as challenging even as India Inc pressed for tax concessions and bold reforms to reignite the investment cycle and promote growth. In over two
Mumbai: The southwest monsoon, which hit the mainland a bit late today is a “crucial variable” for monetary policy, British brokerage Barclays said today and projected retail inflation would be below 8 per cent if
New Delhi: The manufacturing and services sectors in India expanded at a faster rate than China's in May even as emerging market output remained stuck in “low gear”, an HSBC survey said.The HSBC Emerging Markets
New Delhi: Finance Minister Arun Jaitley will interact with financial sector regulators to take stock of the country's economic and fiscal situation at the FSDC meeting in Mumbai later this week. Mr Jaitley will chair the
Mumbai: Market regulator Securities and Exchange Board of India (SEBI) today said it is considering a proposal to allow large investors of publicly listed firms to sell their stake through the offer-for-sale (OFS) mechanism. “We
New Delhi: India's services sector expanded for the first time in nearly a year during May on rebound in new business orders, an HSBC survey said on Wednesday.The headline HSBC Services Business Activity Index was
New Delhi: Describing the RBI's status quo policy as a calibrated approach to strike a balance between growth and inflation, Finance Minister Arun Jaitley today said the government on its part will address the problem
Mumbai: The Reserve Bank today kept interest rates unchanged but unlocked about Rs 40,000 crore of banking funds by cutting the SLR and promised to ease rates if inflation softens at a faster pace.This is
Mumbai: The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said today.Lead
Jaipur: The total business volume of the State Bank of Bikaner and Jaipur has reached Rs1,39,208 crore, Chairaman of State Bank of India Arundhati Bhattacharya said. Speaking at the Annual General Meeting of shareholders of
Mumbai: The sessions court here today heard the bail application of MCX promoter Jignesh Shah and his aide, arrested in Rs 5,600 crore NSEL payment scam case.After hearing his lawyers, the court adjourned the case
New Delhi: Reserve Bank of India governor Raghuram Rajan is expected to keep interest rates unchanged when he unveils the second bi-monthly monetary policy today.Given that inflation continue to remain at uncomfortable levels along with
New Delhi: Ahead of monetary policy review on Tuesday, Reserve Bank Governor Raghuram Rajan today called on Prime Minister Narendra Modi and is likely to have discussed the macro-economic situation and issues related to price
New Delhi: The Reserve Bank of India's (RBI) monetary policy review on Tuesday will dictate the trend on the bourses this week, experts said. Besides, automobile stocks will be in focus as companies from this sector
New Delhi: The RBI on Tuesday may cut rates by 25 basis points at its first credit policy review after the Narendra Modi-led government assumed charge as governor Raghuram Rajan tries to strike a balance
New Delhi: The Reserve Bank of India (RBI) is likely to keep rates unchanged when it reviews its monetary policy Tuesday, its first exercise after the installation of the new union government. Known for the primacy
New Delhi: With a decisive electoral mandate in hand, the government needs to accelerate the process of “clearing overdue receivables” for the corporate sector and ensure revival of the economic growth momentum, top banker K
New Delhi: The rupee is expected to rally to the 55 level against the US dollar on expectation that the Narendra Modi government will push ahead with major reforms, Swiss brokerage UBS said.“The unprecedented mandate
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