US President Barack Obama on Monday announced investments and loans worth $4 billion by American agencies as part of measures to bolster trade with India.
"We want to trade even more," US President Barack Obama said on Sunday as the two-way commerce between America and India touched a record $100 billion.
Bank of America Merrill Lynch and JP Morgan are bankers for the bonds
Elaborating on America and India's scope of engagement, Kerry said he has seen first-hand the transformation in Indo-US relationship as well as the ups and downs in the relationship. Kerry says the world's oldest and largest democracy were "finally beginning to captalise on our connections to each other." Sheela Bhatt/Rediff.com reports after the media interaction with the US secretary of state.
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
Modi announced a USD 14-million grant for community development projects in the Caricom and another USD 150 million line of credit for solar, renewable energy and climate- change related projects, a statement released by the Ministry of External Affairs said.
Slowing growth, stronger rupee and higher local hiring to pull firms down this financial year
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The rupee resumed lower at 61.15 per dollar as against the last closing level of 60.77 per dollar yesterday at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.44 per dollar before quoting at 61.40 per dollar at 1045 hours.
'Bolstering India's conventional military capability against China is in America's strategic interest,' says military historian Colonel Anil A Athale (retd).
Following the declining dollar, investor nations are buying gold. There is a discernible return to Gold Standard in global trading from the current Dollar Standard.
'We do not want people who are air dropped and who fly out once the job is done.' 'Ever since liberalisation started, we keep on hearing that it's going to be jobless growth.' 'This speaks of the failure of the foreign returned policy makers.' 'When questions are raised, answers should be given and not a resignation.'
A year after Bharti Airtel launched 4G services, there are only 6.5 mn users in the country
Microsoft Corporation on Tuesday announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately.
Of the 20 deaths reported in the last 24 hours, eight were from Maharashtra, three each from Gujarat and Madhya Pradesh, two from Jammu and Kashmir and one each from Punjab, Uttar Pradesh, Karnataka and Tamil Nadu.
Debate on, as part of wider plan to have products & platforms business as another unit.
We look back at the most 'whoa' red carpet appearances of 2014. YOU get to vote for the most outrageous one!
Charles Prince, chief executive officer, Citigroup has vehemently denied reports that the banking major is planning to shed thousands of jobs and focus outside North America for growth and termed it as 'press voyeurism'.
Tibetan refugees in India face a bleak future, says Greg C Bruno.
The government on May 17 formed a five-member committee.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
Introduced by Republican Congressman Ted Poe and Democratic lawmaker Rick Nolan, the legislation calls for revoking MNNA status of Pakistan, which was granted to it in 2004 by the then president, George Bush, in an effort to get the country to help the US fight Al Qaeda and the Taliban.
"As it is said a man-made disaster, in the same way demonetisation is Modi-made disaster," the Congress vice-president said as he targeted the prime minister squarely blaming him for the hardships post-demonetisation.
Ruias to sell Essar Steel stake to strategic partners.
Civil rights activist Lakshmi Sridaran argues why South Asians must stand on the right side of history and resist the Trump administration's "systematic attack on the entire spectrum of the US immigration system."
With its gaze steadily fixed on the well-being of its people, the government is going about taking all the imperative measures that need to be taken to beat back the pandemic, observes B S Raghavan.
There's need to address growth, but weak rupee putting pressure on prices.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
'What does the nation get out of the CBI's fabulous infrastructure? Very little that is useful.'
'Despite uncertainties around demonetisation and the GST, we expect Indian equities to deliver positive returns.'
The prime minister, on his first trip to his Lok Sabha constituency in over eight months, claimed poverty alleviation measures have lacked a proper direction and they are spoken about during election time as a "tradition".
'Once you resume economic activities, life will be normal.' 'The younger people will tolerate the virus very well. So, life will become normal very soon.'
During the meeting with Acting Deputy US Trade Representative Wendy Cutler on Wednesday,
A mixed global trend and weakness in rupee influenced the sentiments during the day.
Neemuchwala will be a big asset when it comes to setting things right.
Under pressure from shareholders, Citigroup is planning to shed thousands of jobs and focus outside North America for growth, according to a report on the website of New York Times.
The American brokerage firm said it expects the rate cut to happen only in December if the monsoons normalise to cool down inflation or early 2015 in case prices rise prolongs.
Gold discounts in India, the world's second-biggest consumer, widened this week as dealers struggled to offload stocks amid sluggish demand.
She will replace Ben Bernanke as the Chair of the Federal Reserve.
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