New Delhi, Aug 11: Markets are likely to take cues from macroeconomic data such as industrial production and inflation, movement of the rupee and earnings from blue-chips like State Bank of India and Tata Steel
New Delhi, Aug 11: Government has initiated steps to trace whereabouts of 87 companies as well as their directors so as to take action against them for 'vanishing' after raising funds from public, with Gujarat
New Delhi, Aug 11: Top finance ministry officials worked overtime on the weekend to firm up additional steps to arrest the sliding value of the rupee and contain the current account deficit (CAD).Continuing the discussions
New Delhi, Aug 10: An inter-ministerial panel has suggested higher taxes for non-essential imports with a view to curbing inward shipments and containing the current account deficit (CAD).The Committee has also suggested a list of
Mumbai, Aug 10 : India's foreign exchange (forex) reserves decreased by $2.99 billion to $277.16 billion for the week ended Aug 2, according to data released by the Reserve Bank of India (RBI).The reserves had
New Delhi, Aug 9: The Indian economy is witnessing a positive momentum while neighbouring China's growth is losing steam, according to Paris-based think tank OECD.The latest reading from the Organisation for Economic Cooperation and Development
New Delhi, Aug 9 :The Union cabinet Thursday approved the proposal for treating 50:50 joint ownership metro rail companies like Delhi Metro Rail Corporation at par with central public sector undertakings for transfer of land
Mumbai, Aug 8: Seeking to expedite implementation of Goods and Services Tax (GST), a Parliamentary panel has given approval to the legislation while suggesting amendments to provisions relating to tax structure and dispute resolution mechanism
Mumbai, Aug 8: Buoyed by increased Foreign Direct Investment (FDI) inflows and greater revenue receipts for the government, India's business climate improved in July, says a report.The 'BluFin Business Cycle Indicator (BCI)', which reflects various
Mumbai, Aug 8: RBI Governor designate Raghuram Rajan will work as Officer on Special Duty (OSD) in the central bank for three weeks before taking over as head of the institution.“Dr Raghuram Rajan is... appointed
Mumbai, Aug 8: The Government has received Rs 33,010 crore from the Reserve Bank of India. The amount represents transfer of surplus profit by the RBI to the Government of India for the year ended
New Delhi, Aug 6: With the Reserve Bank of India's (RBI) measures failing to stem the rupee's slide, the government is likely to announce steps to curb a ballooning Current Account Deficit (CAD). The Finance
New Delhi, Aug 6 : The Supreme Court Monday dismissed a petition seeking quashing of 10 percent disinvestment of Coal India Limited in 2010, saying it would not invoke its power of judicial review unless
New Delhi, Aug 4: Keen to ensure passage of key bills on opening up the insurance and pension sectors, Finance Minister P Chidambaram today reached out to opposition leaders for support in the monsoon session
New Delhi, Aug 2: Hailing government's announcement to relax investment norms in multi-brand retail and raising FDI caps in several sectors, India Inc Thursday said reforms were "much-needed" and will boost the confidence of foreign
New Delhi, Aug 2: The cabinet on Thursday cleared 100 percent foreign direct investment (FDI) in the telecom sector, Commerce and Industry Minister Anand Sharma said here. "There has been detailed discussion and now it has
New Delhi, Aug 1: Faced with a tight liquidity condition, two leading private sector banks – HDFC Bank and Axis Bank – have raised fixed deposit rates by up to 4%, a move which may
Mumbai, Aug 1: In yet another step to rescue battered rupee, the Reserve Bank on Thursday tightened hedging rules by making it mandatory for foreign institutional investors to obtain consent of holders of participatory note
New Delhi, Aug 1: Delayed growth recovery and rising vulnerabilities for the Indian economy is weighing on Indian stocks. In a latest development, global investment bank Goldman Sachs has downgraded its rating on Indian stocks
New Delhi, Aug 1: India's manufacturing sector activity managed to remain fractionally above the crucial 50 mark in July below which indicates contraction as there was a significant decline in new business orders, an HSBC
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