Burman had sought permission to travel to Dubai from May 3-7.
Some type of global shock adds to the allure of the dollar.
RBI's surprise rate cut has revived sentiments of India Inc.
Whether it was the Bofors gun in 1986 or Italian helicopters in 2012, a leak or disclosure at the source overseas is like dynamite, and usually impossible to refute. They acquire a life of their own in the hands of the media, says T N Ninan.
India's banks are propping up too many weak producers.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
Under pressure from India and other countries, Switzerland has made key changes in its local laws governing assistance to foreign nations in their pursuit of black money allegedly stashed in Swiss banks.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
Sending money to families in India will get more expensive
Good performances by most information technology (IT) companies in the September quarter and improved forecasts notwithstanding, with the exception of Infosys, stocks of IT biggies such as TCS, Wipro and HCL Technologies have fallen three to nine per cent since Infosys announced its earnings on October 11.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
Over lunch, Finance Minister Arun Jaitley breaks down his Budget. Sheela Bhatt/Rediff.com reports.
Experts say a lot of new wealth is being generated by promoters selling their stake.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
Occasionally, a whistle-blower releases sensitive financial data.
Chetan Bhagat turns entrepreneur by getting into the movie business with Half Girlfriend.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.'
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
Based on the evidence at hand, Modi's goal of scripting a broader, lasting upturn appears some way off, says Rajesh Kumar Singh.
Favourable response to launches, recovery in CVs will aid growth.
In his massive election rallies, Prime Minister Narendra Modi often caught voters fancy promising that each individual would get Rs 15-20 lakh in his bank account if he came to power.
Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi?
Expectations that the shutdown will hurt the economy and prompt the Federal Reserve to postpone the start of its withdrawal of monetary stimulus weighed on the US currency.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
Auto and realty shares were among the top Sensex gainers.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
A stable dollar will at minimum reduce incremental cross-currency pain for Indian cos.
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
The SIT was created by Supreme Court and notified by the government last year to curb black money.
A special court on Tuesday opened the statement of 'secret witness' Ravina Raj Kohli, former president of Star News, from a sealed cover and handed it over to the defence lawyers.
FDI inflows into India were $34 billion in 2014, up 22%.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Sebi's new FPI regulation has helped attract new capital pool, up registrations.
HSBC analysts believe the UV which might sell about 3,000 units a month might fail to be an aspirational product in urban India.
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