Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
In the offshore non-deliverable forwards, the one-month contract was at 61.56/66, while the three-month contract was at 62.16/26.
While the US is definitely recovering, Europe, Japan and, now, China are all going through another wave of what some fear could be a multi-year slowdown.
No new ideas, please, we are Indian. Seventeen years into the 21st century, we are still fixated by the ideas of the 20th century.
'At this point, it does not appear to be a Lehman Brothers kind of crisis, which had a domino effect on the financial system.'
Recommends delisting of chana futures, open to lowering sugar import duty
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
SBI to e-auction over 300 properties on March 14.
Shankar Acharya gives ten predictions on key politico-economic developments in the world and ten for India.
Forex dealers said besides dollar's gains against other currencies, increased demand for the American unit from importers put pressure on the rupee, but a higher opening in the domestic equity market limited the losses.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
As per some media reports, Hockey India has informed the International Hockey Federation (FIH) that there will be no HIL in 2018 because of financial concerns related to some franchises.
The cost of food has constantly been on the rise.
'India needs to adopt a more proactive policy of triggering exports to China.'
Prime Minister Modi felt there were too many silos with no arrangement to take a comprehensive view on national security. The PM has entrusted NSA Ajit Doval to evolve a comprehensive roadmap and get it implemented, reveals Nitin Gokhale, Editor-in-Chief, Strategic News International.
US brokerage Bank of America-Merrill Lynch on Tuesday said its sees the first rate cut this fiscal only in March next as inflation is expected to fall only by December end on a decline in commodity prices driven by the US Fed tapering.
Fire-fighters went on alert as the mercury crept towards an expected maximum of 44 degrees Celsius (111 F), the highest since Black Saturday bushfires in 2009 that killed about 180 people in the southeastern state of Victoria.
The Department of Tourism said that a five-member committee has been formed to investigate if the resort was following the standards set by the government.
The outlook for India's rating would improve if fiscal, inflation and infrastructure metrics get better, a global report said.
Some banks might charge you a nominal amount of Rs 100-150 for issuing the card.
The country has already laid down a 'red carpet' for businesses.
Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
Virat Kohli has, in the past, been dismissed a number of times by leg-spinners but New Zealand spinner Ish Sodhi doesn't find any distinct weakness in the Indian captain's game. Although he is only 27, Sodhi will be seen in a new role of spin consultant for Rajasthan Royals in the Indian Premier League starting next month, apart from learning about the financial and operational side of franchise management.
The demand was raised during a debate on the Constitution (123rd Amendment) Bill 2017 in the Upper House, which was passed by the Lok Sabha on August 2 superseding the amendments earlier carried out by the Rajya Sabha.
To the extent that monetary variables affect investment, the weather, thus, looks far less clement.
Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient
The quota stir by Patels has led to the emergence of new leaders on the political scene of Gujarat.
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
Expectations were probably too high from Narendra Modi.
The domestic currency had gained a massive 47 paise to close at 60.60 on Friday amid heavy selling of the US currency by corporates, exporters and banks.
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.
The rupee had ended 13 paise higher at 60.92 against the greenback in Wednesday's trade following sustained dollar selling by exporters.
India's latest GDP numbers do not signal robust economic growth in near term.
'The leadership is confronted with an economy growing at its slowest pace in 20 years,' points out Claude Smadja.
Jaitley promised higher investment in roads and railways.
With the Maharashtra government doling out pieces of the lush green Aarey forest to various utilities, the tribals living in it for generations are feeling increasingly insecure. Hepzi Anthony reports.
Exchange rates play an important factor in international fund transfers
Economist Dale W Jorgenson declares that India is doing "very, very well" and forecasts that India might continue to outrun world economies, including China over the next many years.
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