A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.
'In one mansion we visited, I was told the doors in the back courtyard had to be kept closed because to have the front and back doors open at the same time would result in Chettiar wealth flowing away,' notes Rahul Jacob after a memorable visit to Karaikudi.
Rajat Gupta had made the request to travel to India in February.
The rupee snapped its two-day winning run against the dollar.
'China's economy continues to slow and the US Fed may still hike rates before the end of the year.'
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
Bigger companies are signing equity JVs with global investors.
His father is a former finance minister. His brother is a minister in the Modi government. But Sumant Sinha wants nothing to do with politics and tells Shreya Jai why he is bullish on the renewable energy sector.
While consumers have enjoyed lower fuel prices, producers have cut spending and thousands of jobs
His prison term is set to end on March 2016.
Companies are ranked by total revenues.
Total exit value breached the $10 billion mark for the first time to touch $10.3 billion this calendar, from $9.4 billion in 2015
These circles account for 23 per cent of Bharti's revenues and armed with additional spectrum, it will eat into rivals' share
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
Nomura has forecast the rupee at 61.6 against the dollar in Q1 and at 62 by Q4 of 2015.
If the impact of the Greece crisis spreads across Europe and parts of the world which are more interconnected than ever before, India cannot hope to be insulated, says Paranjoy Guha Thakurta.
Every move that strengthens Cyrus Mistry's position in companies like Indian Hotels could prolong the uncertainty.
Budget this year has allowed PSBs to bring down govt stake to 51%
Revivals nearly double q-o-q to 36 in September, highest in 3 years
Gupta, 66, is currently serving his prison term.
Gupta occasionally runs into his one time friend-turned foe Rajaratnam, also serving an 11-year prison term on insider trading charges in the same facility.
Draft prospectus to be filed next week; second trust, with Panchshil, in a few months
The rating outlook change is relevant now, as the US Federal Reserve is set to end its monthly bond-buying programme in October.
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
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The Finance Ministry has filed the offer document with market regulator Securities and Exchange Board of India for the Central Public Sector Enterprises ETF, which could fetch the exchequer about Rs 3,000 crore (Rs 30 billion).
Gaurav Deepak has raised funds for about 100 new-age entrepreneurs.
Alibaba will acquire 25 per cent stake in One97 Communications.
Analysts expect Bajaj Auto to perform well in Q1.
Adani intends to ship most of the coal from the mine to India.
The National Stock Exchange's proposed IPO to raise Rs 10,000 crore this year is expected to see the largest ever PE exit, of around Rs 5,000 crore.
The Fortune's 40 under 40 list for this year was topped by Adam Neuman, Co-founder and CEO, WeWork.
Demonetisation impact, earnings growth, central bank policies will get attention.
The broader markets are, however, outperforming the larger peer.
India is its second-biggest market in terms of geographical presence
The FT report said the existence, size and investments of the highly profitable internal trading fund, which was set up three decades ago, have until now remained largely unknown outside a circle of former and current insiders.
A California commission -- mandated with recommendation and revision of school text books -- has rejected demands of replacing India with South Asia for pre-1947 references
Jaydeep Barman and Kallol Banerjee reveal how they built the company from scratch.
BSE's, NSE's overnight liquid fund facility can help stock investors maximise returns
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
New series points to a sharp recovery since FY14.
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