Even as the business world is reeling at the amount of money that has been lost, the real tragedy is being enacted in the homes, hearts and minds of the individual victims the hundreds and thousands of people whose financial ability has been decimated, whose glowing future is suddenly unclear.
The global brokerage firm believes that CRR cut is likely to help cut lending rates and revive growth sentiments.
Major institutes see rise in summer placements; consulting, BFSI, e-commerce firms are top recruiters, says Vinay Umarji.
Thinking big, China is changing the world order; with mixed priorities, we can but tag along, writes T J S George.
He may go through bankruptcies, but he couldn't be a savvier self-marketer.
As the US government intensified its crackdown on corporate fraud, America's leading investment banks and brokerage houses have announced they will pay a hefty fine totalling $1billion to settle allegations of conflicts of interest.
Cohen, 52, was sentenced to 36 months in prison by the US District Court for the Southern District of New York.
Open space festival in New York city celebrates classical dances.
Infosys has opened its first Latin American developmental centre in Mexico.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
To provide exporters/importers greater flexibility in risk management, RBI enhanced the limit available to exporters to 50 per cent
Though valuations have moderated, they are still above average.
Gains in financial shares capped further downslide.
The Budget has changed the rules for Indian citizens and persons of Indian origin visiting India. Instead of 182 days, the number of days has been reduced to 120. You will be treated as a resident of India for tax purposes if you stay in the country for more than 120 days in a financial year and 365 days in the past four years. One consequence of the change will be that people of Indian origin who reside outside India will be able to spend a smaller number of days in the country if they wish to keep their non-resident status intact, points out Sanjay Kumar Singh.
Brokerage firm Bank of America Merrill Lynch (BofA-ML) on Monday said the ongoing US government shutdown is positive for the country, as it gives additional time to recoup the forex reserves.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Vemuri holds about 400,000 shares in IGATE which, at an offer price of $48 apiece, will give him $19.2 million
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
The whopping numbers are just a continuation of a strained labor market as employers in America slashed 5,33,000 jobs in the month of November, the maximum downsizing in 34 years. Right from telecom giant AT&T to battered banking major Credit Suisse to steel maker ArcelorMittal, the layoffs are spread across the sectors, amid the worst financial turmoil since the Great Depression of 1930s.
'Significantly, Foreign Secretary Gokhale was received at very high level in Beijing.' 'It only shows China's keenness to move forward and put the relationship on a 'win-win' footing,' says Ambassador M K Bhadrakumar.
The 30-share Sensex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.
We have a great team and they are quality people with decades of experience. Everyone would like to retain them, says Hemendra Kothari, Chairman, DSP Merrill Lynch.
He also accused Pakistan of wanting to destabilise and weaken India through terrorism.
After enduring volatility for the first two months of calendar year 2016 (CY16), global equity markets have recouped some of the losses in March. Jigar Shah, chief executive officer, Maybank Kim Eng Securities, believes the next triggers for the rally will come from a soft landing in China and no recession situation in the US.
'This is not only a fight against corruption and black money, this is also a fight against terrorism and counterfeit currencies.'
"I don't think this administrative subject should be an issue of interest to the media," Modi said.
Devangshu Datta predicts the good, the bad and the ugly of currency trends for the coming year.
Less than three weeks after the curbs on participatory notes, overseas investors are rushing to invest in the booming Indian stock markets directly by applying for Foreign Institutional Investor licences.
'It is unrealistic to expect that security dilemmas and strategic distrust to disappear or even diminish any time soon,' says Rup Narayan Das.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
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The BofAML report said that five year money can be raised by issuing the 7 to 9 per cent coupon bonds to stabilise markets, just as it was done in 1998 and 2001.
American senator Marco Rubio has dropped out of the presidential race after suffering a humiliating defeat at the hands of Republican front runner Donald Trump in his home state of Florida.
The share of adults who say the economy is 'very good' (30 per cent) has tripled in the past three years, it added.
India has emerged as the brightest spot in the Asia Pacific region as reform has picked up pace in the country in recent months, a top credit rating agency has said.
Ambani has unveiled an over Rs 1.8 trillion capex plan for the next three years.
Enthused by India's financial inclusion drive, US-based Accion, one of the biggest micro finance organisations in the world, has renewed its focus in India. Michael Schlein, bottom, left, chief executive officer of Accicon, tells Namrata Acharya in an email interview the Wall Street and Silicon Valley are eager to participate in opportunities presented by the issuance of the small finance and payment bank licences, the expanded banking correspondent opportunities, and the Jan-Dhan Yojna.
The real economy, he said, is now going to enter into quite serious recession, "But if you do the right things, then you could see how you could come out of that recession." In an interview with ABC News, he agreed that the United States would have less power in the world and perhaps American citizens would have less money in the pocket as a result of the crisis.
Defensive errors were again a common occurrence in the Arsenal backline, but Fiorentina failed to take advantage.
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