Suvashree Dey Choudhury, Douglas Busvine, Rajesh Kumar Singh, Devidutta Tripathy And Rafael Nam

Stories by Suvashree Dey Choudhury, Douglas Busvine, Rajesh Kumar Singh, Devidutta Tripathy And Rafael Nam

Don't assume that next rate move will be upwards: Rajan

Don't assume that next rate move will be upwards: Rajan

Rediff.com   29 Oct 2013

The future action on rate change will depend on data said the RBI Chief.

RBI hints at rate hike to check price rise

RBI hints at rate hike to check price rise

Rediff.com   28 Oct 2013

The central bank is widely expected to increase the repo rate by 25 basis points on Tuesday to 7.75 per cent to fight inflation even as it continues to unwind its rupee defense steps, a Reuters poll showed.

Jet Airways posts worst quarterly loss of Rs 891 crore

Jet Airways posts worst quarterly loss of Rs 891 crore

Rediff.com   23 Oct 2013

Jet Airways in which Abu Dhabi's Etihad is buying a stake, reported its worst quarterly loss on record as carriers in Asia's third-biggest economy battle high fuel costs and taxes.

Trai sticks to spectrum price-cut proposals

Trai sticks to spectrum price-cut proposals

Rediff.com   23 Oct 2013

The telecommunications regulator had recommended last month that the reserve price for spectrum in the 900 megahertz band in some key cities be cut by about 60 percent, and also suggested a 37 percent cut in the reserve price for spectrum in the 1800 megahertz band.

India gears up to launch interest rate futures

India gears up to launch interest rate futures

Rediff.com   18 Oct 2013

India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.

Bharti Airtel buys out Qualcomm stake in India 4G broadband JV

Bharti Airtel buys out Qualcomm stake in India 4G broadband JV

Rediff.com   18 Oct 2013

Bharti Airtel Ltd, India's top telecommunications carrier, said on Friday it had bought out Qualcomm Inc's stake from a fourth-generation (4G) broadband joint venture in the country, taking full ownership of the business more than a year earlier than planned.

L&T net profit rises 7%, beats analyst estimates

L&T net profit rises 7%, beats analyst estimates

Rediff.com   18 Oct 2013

Larsen & Toubro, India's largest infrastructure builder, reported a 7 percent rise in quarterly profit, beating analyst estimates, as it booked increased revenue despite a weak domestic economy.

India's October gold imports seen picking up sharply

India's October gold imports seen picking up sharply

Rediff.com   2 Oct 2013

Imports of gold virtually stopped since July 22 after confusion on the new import rules.

Nokia tax dispute: India freezes some assets

Nokia tax dispute: India freezes some assets

Rediff.com   1 Oct 2013

Nokia said the freezing of the fixed assets would not have any impact on the day-to-day operations of the company.

Inflation at 9.52% in August

Inflation at 9.52% in August

Rediff.com   12 Sep 2013

Food prices for consumers also eased to an annual 11.06 percent in August from 11.24 per cent in July.

Adjustment in rupee was called for: Rangarajan

Adjustment in rupee was called for: Rangarajan

Rediff.com   3 Sep 2013

On Tuesday, the partially convertible rupee, the worst performing currency among the major global economies, dropped as much as 3.1 percent to 68.12 per dollar.

India's fiscal deficit reaches nearly 63% of full-year target

India's fiscal deficit reaches nearly 63% of full-year target

Rediff.com   30 Aug 2013

India's fiscal deficit during the 2012/13 fiscal year ending March fell to 4.9 per cent of the country's gross domestic product, compared with 5.8 percent a year ago.

Falling markets derail govt's divestment plans

Falling markets derail govt's divestment plans

Rediff.com   22 Aug 2013

Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.

Weak rupee likely to push inflation further, warns RBI

Weak rupee likely to push inflation further, warns RBI

Rediff.com   22 Aug 2013

The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 per cent so far this year despite efforts by policymakers to prop it up.

Air India probing overheated oven on Dreamliner flight

Air India probing overheated oven on Dreamliner flight

Rediff.com   26 Jul 2013

The overheating of the oven during a July 24 flight from New Delhi to Kolkata did not cause a fire

India will achieve revenue target in 2013/14: Chidambaram

India will achieve revenue target in 2013/14: Chidambaram

Rediff.com   17 Jul 2013

India has in recent months stepped up enforcement of tax collections as it looks to raise revenue to help plug its widening fiscal deficit.

Montek on why RBI measures were necessary

Montek on why RBI measures were necessary

Rediff.com   16 Jul 2013

The Reserve Bank of India announced measures late on Monday to curb the rupee's decline by tightening liquidity.

RBI warns banks to strictly follow KYC rules

RBI warns banks to strictly follow KYC rules

Rediff.com   13 Jul 2013

Absolutely for customer investing over Rs 50,000 in any financial products.

Oil ministry asked to examine new gas pricing

Oil ministry asked to examine new gas pricing

Rediff.com   11 Jul 2013

Media has raised the issues that new pricing to benefit Reliance Industries.

Vodafone offers Rs 4,000 cr for licence renewal in 3 cities

Vodafone offers Rs 4,000 cr for licence renewal in 3 cities

Rediff.com   1 Jul 2013

The price offered is about a quarter of the value set by the govt in an auction that was scheduled for March 2013 but never took place.