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Analysts see FY16 CAD at 0.5-0.6% of GDP.
The Reserve Bank may cut key interest rates as early as this week.
The data leak obtained by 'The Australian' newspaper has revealed how the alleged CPC members are employed with some of the world's biggest corporations in the areas of defence, banks and pharmaceutical giants manufacturing coronavirus vaccines.
India has made a fresh request to Switzerland seeking bank details and names of Indians having unaccounted money in Swiss banks, as the government expands its efforts to combat the menace of black money.
ED and Directorate of Revenue Intelligence have detected a significant increase in the outflow of Indian money, specifically into four countries --Thailand, Dubai, Singapore and Hong Kong.
After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
Equity strategists are basing their expectation on strong corporate earnings recovery, supportive global economic growth, and gradual improvement in business sentiment.
The US on Friday issued orders to ban popular Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, weeks after India banned them, saying they were prejudicial to sovereignty, integrity and security of the country.
A major criticism of the new law is that it can become an instrument of abuse as it confers the tax enforcement authorities with strong discretionary powers, says Paranjoy Guha Thakurta.
USAID looks forward to working with each to make financial inclusion a long-lasting and sustainable reality in India.
Technically, the Indian economy is on road to recovery.
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities.
In the offshore non-deliverable forwards, the one-month contract was at 62.26/36, while the three-month was at 62.83/93.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
Economic recovery in US, euro zone help; new orders sub-index at 52.4
Economists caution that the underlying cause could be an alarming drop in demand -- something that's not good for economic growth.
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
The Indian money in Swiss banks had fallen by 45 per cent in 2016, marking their biggest ever yearly plunge, to CHF 676 million (about Rs 4,500 crore) -- the lowest ever since the European nation began making the data public in 1987.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
According to the global financial services major, FIIs have recouped around 25 per cent of the outflows seen over the June-August period, when the country witnessed its sharpest bout of FII outflows since the global financial crisis.
ICICI's Chanda Kochhar, ranked highest among Indian women, has been ranked second across the region
Nearly 150 companies visited the campus this year.
Jaitley said, "I welcome this investigation. I think it is a healthy step that these kind of exposes are being made. I have been repeatedly saying that the world is now going to increasingly become more transparent, countries are cooperating with each other and slowly all this information is going to come out as a result of various global initiatives which have been launched."
According to bankers and economists, there is room for further rate cut by the RBI as retail and wholesale inflation rates have remained benign.
A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018. The funds held by Indians through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown. It is now at second-lowest level in 20 years.
The unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add $30 billion to the country's forex reserves, says a Bank of America Merrill Lynch report.
Spot gold fell as far as $1,142.10 an ounce on Thursday, its lowest since November 2014.
India has been probing hundreds of black money cases.
Morgan Stanley says favourable factors will push Sensex to 32,500 level by December.
'The corporate tax cuts will obviously result in lower tax payments by companies,' says Central Board of Direct Taxes member Akhilesh Ranjan who retires after 37 years in government service.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
So long as there are concerns about world trade, growth and oil prices, the domestic market will remain volatile.
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Mop-up misses target as big FIIs skip issue.
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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As many as nine respondents said RBI would hold the repo rate at 8% till March-end, 2015
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