New Delhi: With growth at its lowest in over a decade and inflation, job creation and investments remaining major challenges, India's new government under Narendra Modi has its task cut out to reverse months of
Mumbai: Narendra Modi-led BJP's thumping victory today lifted the rupee to an 11-month closing high of 58.79 against the US dollar, adding 50 paise in the third straight day of gains as exporters sold the
Mumbai: Although the rupee attained new highs on the poll outcome, which showed clear majority for the Narendra Modi-led BJP, analysts are sceptical about the sustainability of the rally going ahead. The rupee ended the
Shimla: The Reserve Bank, Sebi and the Finance Ministry have drawn up a contingency plan to deal with any excessive market volatility when results of the general elections are declared tomorrow.“We assured the board that
Shimla: Plastic currency notes would be launched in the country in 2015 after field trials, Reserve Bank Governor Raghuram Rajan said today.“Plastic notes are coming. Tender bids have come for one billion notes. In five
New Delhi: Drop in prices of food items, including vegetables, as well as fuel brought down the April inflation to 5.2 per cent, ahead of the RBI's monetary policy review in early next month.The inflation,
New Delhi: Encouraged by declining inflation, Finance Secretary Arvind Mayaram today expressed hope that the trend would continue, but said the government will have to remain cautious about impact of possible deficiency in monsoon.“We are
New Delhi: The Wholesale prices-based inflation in April slowed to a two-month low of 5.20 per cent , helped by a moderation in food and fuel costs. The reading for February WPI inflation was revised
Mumbai: The rupee appreciated by 22 paise to trade at almost 10-month high of 59.46 against the US dollar in early trade today at the Interbank Foreign Exchange market on continued foreign capital inflows after
New Delhi: India's vegetable oils import rose by 27 percent to 8.32 lakh tonne in April this year on account of sharp increase in shipment of crude palm oil (CPO) and crude soft oils, industry
New Delhi: In a bid to expedite coal auction process, the Centre has announced a nine-member panel, which will identify more blocks, in addition to already selected 54 mines, for sale through competitive bidding."In pursuance
Mumbai: Private insurer HDFC Life today reported a 61 per cent growth in profit to Rs 725.3 crore in 2013-14 from a year earlier.In FY13, profit stood at Rs 451 crore, HDFC Life said. Total
Mumbai: SBI General Insurance has posted a healthy 54 per cent growth in premium income at Rs 1,188 crore in the past financial year. The company, the general insurance arm of the country's largest lender
Mumbai: Nearly 10-15 per cent of funding requirements of large corporates should be met through the corporate bonds market, a senior RBI official said here today. With the help of suitable policies, there has been
New Delhi: Costlier vegetables, fruits and milk pushed up retail inflation to three-month high of 8.59 per cent in April, squeezing the space for the Reserve Bank to ease interest rates in the monetary policy
New Delhi: CBI today quizzed former Securities Exchange Board of India (SEBI) Chairman C B Bhave in connection with granting sanction to Jignesh Shah-founded Financial Technologies (India) and MCX to function as a full-fledged private
Mumbai: Bharatiya Mahila Bank has said it is well-capitalised and does not require to raise funds at present.Finance Minister P Chidambaram had recently said the government would offer all financial assistance to the bank if
Mumbai: State-run lender Dena Bank has sought Rs 1,200 crore in capital from Government in FY15 on the basis of its targeted business growth. “We are looking at a business growth of 18-20 per cent.
New Delhi: In his last meeting as Finance Minister in the UPA II Government, P Chidambaram will hold discussions on various issues with heads of public sector insurance companies and State-owned banks on Monday and
New Delhi: Foreign investors are optimistic on India and inflows are likely to surge if a stable government is formed under Narendra Modi after the general election, the head of an industry chamber in Europe
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