But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
Monetary policy easing, coupled with the relaxation of lending rules and greater election-driven fiscal spending in the first quarter of 2019, will provide some support to growth during the first half of 2019-20 fiscal
Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012.
Gowtham is among the six uncapped players picked for India's white-ball tour of Sri Lanka
Hundreds of people have been evacuated from their homes as 'unprecedented' levels of flooding continue to hit the already blighted north of England.
The upcoming Twenty20 World Cup in Australia has the potential to revolutionise the women's game as teams are making bigger totals than they have in past, as overall standards rise, according to India captain Harmanpreet Kaur. Kaur pointed to the transformation of her own team who are currently playing a tri-series in Australia also involving England to trace the overall growth of women's cricket.
Many analysts over the past week have said the RBI has legroom to cut rates to the tune of 65 bps by June and some like Barclays and BofA have also spoken about the likelihood of an inter-meeting cut.
'I reached Bhopal the day after the gas tragedy; the smell was still in the air. It was a professional hazard but I was not scared.'
What makes these players such hot properties at the IPL Players Auction?
If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
The group has been encouraging people to sign a petition calling for the withdrawal of the notes as vegans and vegetarians continued to express outrage at the use of tallow, a substance derived from animal fat.
Following is a factbox on the first Test match between Australia and England, which starts on Thursday:
An astute thinker of the game with copybook technique of the famed 'Bombay School of Batsmanship', Wadekar was more than just the captain, who led India to twin series victories in England and the West Indies in 1971.
Afghanistan's former coach Lalchand Rajput believes that they can "upset some of the top teams" in mega tournament, primarily banking on their spinners.
Rajneesh Gupta lists some amazing coincidences in cricket -- a feature guaranteed to amuse you in these anxious times.
'We don't need to hinge India-UK relations on shared hostility toward China,' observes Ambassador M K Bhadrakumar.
Flamboyant Australian Glenn Maxwell is expected to be a favourite, despite his under-whelming record, along with England's spin bowling all-rounder Moeen Ali, while Kerala's batting sensation Mohammed Azharuddeen could be in hot demand during a condensed IPL players' auction, to be held in Chennai, on Thursday.
One of the most consistent teams in the Indian Premier League over the last five years, Sunrisers Hyderabad would look to improve upon their middle-order batting in the upcoming 14th edition of the T20 league.
Benzema to stand trial in sex tape case, says lawyer.
Yuvraj Singh has emerged as the costliest cricketer in the IPL 8 players' auction, bought for a record Rs 16 crore (USD 2.57 million approx) by Delhi Daredevils.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
However, one goal proved enough for City who picked up their sixth successive league win to move four points clear of Liverpool, who host Aston Villa later on Saturday, at the top of the standings.
Ajinkya Rahane made it very clear that the undisputed leader of this side is Virat Kohli and he is happy filling in when required.
Chelsea are banking on a lavish shopping spree to give them more bite up front and much-needed solidity in defence after coach Frank Lampard spent last season relying heavily on a crop of inexperienced home-grown players.
Warner, himself, said he had no regrets but admitted he was thinking about Lara's record as he motored past 300.
Some of the key proposals of the agenda relate to transforming the banking sector, addressing agrarian distress, countering hate crimes and discrimination, and spurring employment generation.
'If journalism is the first draft of history, then photojournalism is the first draft of its evidence,' Raghu Rai, arguably India's finest living photojournalist, tells Pavan Lall.
Most of the NBFCs do not take public deposits but that does not mean they cannot create systemic risks. The banking system has at least Rs 57,000 crore exposure to IL&FS. Haven't the banks invested public money in IL&FS papers, asks Tamal Bandyopadhyay.
The S&P BSE Sensex ended up 364 points at 28,078 and the Nifty settled 132 points higher at 8,683.
News of all that's transpired on and off the football field
Nirav Modi and his uncle Mehul Choksi are being investigated by the Enforcement Directorate for allegedly cheating the PNB, the country's second largest lender, to the tune of more than $2 billion.
A look at the top 10 purchases at the IPL auction.
News of all that transpired on and off the football field
The predictions by the world's biggest wealth manager were based on a statistical model using the results from the previous five tournaments and controlling for factors such as team strength and success in the qualification phase.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
David Warner and Mitchell Starc were among those who reported for training as the domestic pre-season began behind closed doors.
Reserve Bank of India Governor Raghuram Rajan, who will present his maiden policy on September 20, held discussions on Tuesday with Prime Minister Manmohan Singh and Finance Minister P Chidambaram on the macro-economic situation.
'This is a landmark moment for Lord's, with women's cricket now documented in the dressing rooms for the first time.'
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