These investments will be targeted at petrochemicals, exploration and production and telecom businesses.
'Parsis are brought up with a great sense of the importance of truth and speaking your mind.'
'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
Pulses cropping has jumped to 39.4 per cent above 2015 levels.
Beleaguered investment banking major Merrill Lynch's losses widened to $5.15 billion for the third quarter ended September 26, 2008, as write-downs to the tune of $9.5 billion took a heavy toll on the bottom line.
Hurricane Florence hammered the Carolinas in America with damaging winds, storm surge and catastrophic flooding. The damage is so catastrophic that experts are pegging property damage and disruption from Hurricane Florence to total at least $17 billion to $22 billion. Additionally, the storm has claimed 32 deaths as of Monday, most of them in North Carolina, a number that had nearly doubled since a day earlier. Dogs, domestic animals and livestock took a hit from the record-breaking rainfall, surging floodwaters and brutal winds. Here are some of the most heart-warming images from the rescue.
Mumbai's Bandra Kurla Complex (BKC), which houses the offices of some of the biggest banks in the country, however, slipped to 26th position from the 16th position.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Rally restricted to big stocks; FIIs have hit investment caps in many large companies.
Bank of America on Tuesday said it was committing additional capital to the tune of $175 million (Rs 767 crore) for shoring up its India franchise.
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
Bank of America Merrill Lynch believes this would ease pressures on CAD as $10 a bbl fall in oil price reduces CAD by $8 billion or 0.4 per cent of GDP.
There is an "infinitely" greater chance of the cash-rich Islamic State smuggling its first nuclear weapon from Pakistan to attack the United States within a year, according to the latest edition of the dreaded group's propaganda magazine.
Prime Minister Narendra Modi leaves for Brazil on Sunday for attending the five-nation summit of BRICS nations on July 14 and 15 which is expected to finalise the setting up of a development bank and seek reforms of the United Nations and international financial organisations.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
If the government is to be the lender of last resort for financial companies, it has to demand more control over their daily business
With this subdued forecast, India is likely to record its worst growth performance since the 1991 liberalisation. However, it is among the only two major economies, which will register a positive growth rate in 2020. The other being China, for which the IMF has projected a growth rate of 1.2 per cent.
His global experience, deep business acumen and long association with the Tata Group will prove invaluable in his new role: ICICI Bank MD and CEO Chanda Kochhar.
Since 2009, the Department has publicly charged 73 account holders and 35 professionals with violations arising from their offshore banking activities, and 72 individuals have plead guilty or were convicted at trial.
Union Bank of India, United Bank of India reduced base rates.
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In the global market, the dollar was quoted lower in the early trade with investors looking ahead to the following day's European Central Bank policy decision.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
Rahul also said the founders of Ford, Mercedes and Honda were 'mechanics'
PM started 'Make in India' but every product in market is Make in China: Rahul
Many European cities have less than half the emissions per person of many cities in North America.
Switzerland remains the 'biggest private banking financial centres for cross border wealth management' with assets worth over CHF 2.11 trillion ($2.2 trillion), as per the study conducted by the Swiss Bankers Association and the Boston Consulting Group.
TCS plans to build ignio as a standalone company.
Black is the new platinum as the field for elite credit cards gets crowded.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
'The Modi government is about privatising profits and nationalising losses.'
Rising risk levels in emerging markets and the recovery of the global market is prompting investors to shift their investments to developed markets.
US-India Business Council President Nisha Biswal believes once the economic activity and demand resumes, India could hold the potential for diversification of supply chains and manufacturing.
US Special Representative for Pakistan and Afghanistan Richard Holbrooke has promised "accountability" and "transparency" in America's civilian aid to Pakistan, a fortnight after a top Senator had expressed serious concern that the funds might end up in bank accounts of corrupt politicians and officials of the country.
Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar.
Czech model Karolina Kurkova has taught aspiring models about the importance of healthy eating in a reality programme.
The Industrial Development Bank of India-led consortium will meet the foreign lenders in London on Wednesday for taking over their outstanding dues in the troubled Dabhol Power project.
'One of the strategies is to pick deals carefully. That means looking at sectors like energy, banking, insurance and also doing outsourcing.'
Reliance Industries is expected to report a 24 per cent drop in its net profit for the June 2012 quarter as compared to its profit in June 2011.
Determining the direction of the dollar in Trump's America will be more critical for asset allocation than getting your call on interest rates right, says Akash Prakash.
