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The partially convertible rupee dropped to a record low of 64.13 per dollar on Tuesday and was trading at 63.38/42 on Wednesday, weaker than its close of 63.25/26.
Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
Like the US, India too has a sub-prime market and it is booming. The success of early entrants like Citi Financial and GE Money has encouraged several others to enter the consumer lending business, nearly half of which is a sub-prime market.
Even as several SEZs are struggling to get off the ground, the Mahindras have managed to kick off their second SEZ at Jaipur, after their first one in Chennai.
India's leading corporate houses like Mahindra & Mahindra, Hindustan Construction Company, HDFC, Deutsche Bank and a few others have joined hands to help re-building work skills for the hearing-impaired, who are otherwise healthy and normal but rema
If there is a will, there is a way. That is what a tiny non-governmental organisation, which has its office atop a public toilet in a Mumbai suburb, has proved it by winning the 2007 Urban-Age Award. The Triratana Prerana Mandal (TPP) at the Milan shantytown shared the Rs $ 100,000 award with the high-profile Mumbai Waterfronts Development Centre.
S Ramadorai, Tata Consultancy Services CEO, been selected the Business India Businessman of the Year 2004.
Factbox on Fiji's Vijay Singh, who replaced Tiger Woods as world number one after winning the Deutsche Bank Championship on Monday.
Flag Telecom, a 100 per cent subsidiary of Reliance Communication (RComm), has mandated Goldman Sachs and Deutsche Bank as lead managers for the maiden initial public offering (IPO) on the London Stock Exchange.
Infosys Technologies will seek shareholders' nod for the sponsored Amercian Depository Shares issue at its extraordinary general meeting scheduled on December 18.\n
The overseas drive of the group has been accompanied by a change in Tata, the person, too
Sweden has the world's highest negative rate.
Rally restricted to big stocks; FIIs have hit investment caps in many large companies.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
Vijay Singh kept up his form when an eight-under-par 64 gave him a three-shot lead after an incomplete first round.
India can attain a higher GDP growth of 7-8 per cent annually to become the third largest economy after the US and China by 2020
Oil prices bounced higher on Tuesday as the market focused on Iraqi threats of retaliation against any US-led attack and as US President George W Bush prepared to address the nation.
A four-member panel of secretaries is likely to submit its report on a new gas pricing mechanism to the government by Wednesday.
The country's largest refiner Indian Oil Corp is planning an initial public offer of its Sri Lankan subsidiary Lanka IOC by June this year to raise between $20-25 million.
Overseas investors, as well as other key stakeholders, such as brokers, custodians, and clearing corporations, are yet to iron out critical issues, even as the shift towards a shorter trade settlement cycle approaches new phases. Several industry players said foreign portfolio investors (FPIs) are still facing impediments over the trade confirmation timelines, foreign exchange (forex) bookings, and pre-funding requirements. This could potentially act as a roadblock when it comes to moving entirely to the new T+1 settlement cycle from next year.
Arjun Atwal carded a one-under 70 on the opening day of the Deutsche Bank Championship.
The Fijian took a step closer to gaining the world number one ranking by extending his lead to three shots over Tiger Woods in the third round of the $5 million Deutsche Bank Championship.
The Indian ace was 41st in the US $5.5 million Deutsche Bank Championship on the US PGA Tour.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
It was a case of 'buy on hopes and sell on news' as the Indian market posted only modest gains despite a landslide victory to Narendra Modi-led Bharatiya Janata Party (BJP).
2022 is shaping up as the year brimming with job opportunities for people who possess relevant skillsets. Therefore, it is crucial for fresh graduates and young professionals to enroll in relevant certification courses to add more feathers to their introductory portfolio
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
Independent market analyst Ambareesh Baliga points out the red flags that retail investors should not have ignored and lists three scenarios -two of these scenarios offer a glimmer of hope to retail shareholders of Yes Bank - that could play out in the coming days.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
Barclays is not alone in trying to decide the best size and shape of its investment bank in a changed regulatory landscape.
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