The rupee had gained nine paise to close at nearly one- month high of 61.84 against the dollar in yesterday's trade after the government said in the interim Budget that fiscal deficit this financial year will be capped below target.
Sanjay Kapoor elected AICF President, Chauhan retains secretary's post.
Tech-savvy Indian youths in major cities are spending at least two hours a day to connect themselves with others through social networking websites like Facebook, Twitter and Orkut, a new survey has found.
Fiat Punto is Fiat's new entry-level model in India.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
We invited readers to share how they used their first salary. Here are some of the responses we received.
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RBI chief Raghuram Rajan said on Thursday he was 'very uncomfortable' with the inflation reading, a comment that probably seals the case for him to deliver his third rate increase next Wednesday, despite a weak economy.
Growth remains weak, inflation is within 2-6% range, rate cut would help recoup forex reserves
The Indian rupee is likely to appreciate to 46 a dollar in the backdrop of a stable government at the centre and relatively resilient domestic demand, says a report by global financial services giant Goldman Sachs.
The upward revision in growth forecast for current fiscal comes in the backdrop of GDP expanding 8.2 per cent in April-June quarter, higher than Fitch's expectation of 7.7 per cent.
Shares of IT major Infosys fell by over 5 per cent after the company slashed its revenue guidance for the second time this year due to its recent performance and "near-term uncertain business outlook".
Key risk for price rise is the 'deficient' monsoon that could lead to a pick-up in inflation expectations.
This is the third increase in two months
The Centre for Science and Environment (CSE) has announced its first media fellowship for journalists of the South Asian region on climate change.
The car is inspired by jets of the aeronautical world
Defender Anas Edathodika and midfielder Eugeneson Lyngdoh emerged as costliest picks for an identical Rs 1.1 crore by new outfit Jamshedpur FC and two-time champions ATK respectively in the Indian Super League domestic players draft in Mumbai on Sunday.
The rupee on Friday bounced back 32 paise to close at 64.74 against the American currency on fresh selling of dollar.
Weakness of dollar in the overseas market also boosted the rupee value against the dollar.
India's current account deficit (CAD) is likely to ease to 4.4 per cent of the GDP in the current fiscal year on lower oil and gold prices, Bank of America Merrill Lynch (BofA-ML)said in a research note.
The trading range is expected to be within 63.00 to 63.80.
Italics in New Delhi is looking for copy writers.
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
The dollar index was down by 0.02 per cent against a basket of six major currencies.
If you are serious about your future, here are some MBA programmes and short courses you can consider, advises Arun Jagannathan is co-founder and CEO, CrackVerbal.
Last week, the country's leading exchange, Zebpay, launched trading in Litecoin, which is the eighth-largest cryptocurrency, following rising demand from Indian investors.
The report, however, said a sustained weakness in USD against the emerging market forex remains a key risk to this view.
The players' auction for the Indian Premier League's second season got underway in Goa on Friday. A look the price list.
The rupee had ended 11 paise higher at 62.20 on Tuesday.
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The central bank was seen selling dollars consistently when the rupee would approach the record low of 68.86 hit on August 28.
The Indian rupee on Wednesday ended unchanged against the US dollar at 61.41 ahead of the outcome of US Federal Reserve's policy meeting.
The dollar was weak against major world currencies.
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
Tribal rights activist Gladson Dungdung was offloaded from a London-bound Air India flight in New Delhi on Monday
Assume that the rupee will trend lower over the next 10 years as India increases overseas sovereign exposures, and your long-term asset allocation should be geared to deal with this trend, suggests Devangshu Datta
The rupee has lost 23 paise or 0.35 per cent in two days.
Time to take profits and move to the sidelines in an euphoria, says Sonali Ranade
Falling for the third day, Indian rupee on Wednesday weakened by 14 paise to close at over one-week low of 62.02 against the Greenback.
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