Foreign exchange reserves jumped $1.17 billion to touch a new record high of $355.46 billion.
The HSBC Manufacturing Purchasing Managers' Index, compiled by Markit, fell to 52.4 in August from 53.0 in July but chalked up its tenth month above the 50 mark that divides growth from contraction.
The country is biding time to assess the mood of the next Indian government.
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.
Switzerland has been making efforts to strengthen its bilateral cooperation with India .
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
The survey showed firms' confidence regarding future business grew at the slowest pace in a year last month.
Such schemes need 3-5 yrs to take advantage of dollar and market risk.
The HSBC Services Purchasing Managers' Index , compiled by Markit, fell to 50.6 in August from 52.2 in July.
Assessment of the 427 account holders associated with HSBC list will be completed by March 21, 2015.
Burman held an undisclosed, yet, active account in an HSBC branch in Zurich
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
The Sensex ended up 244 points at 28,504 on strong global cues.
Restrictions on buying land are among barriers holding up projects worth almost $300 billion
For stolen data, India had sought information about its taxpayers who had secret bank accounts in HSBC Geneva.
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
Former Dabur director gave sketchy details of investors and his employer after two years of tax summons.
Bumper liquidity as a result of global central bank stimulus measures should prevent a sharper downturn.
Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.
HSBC Electronic Data Processing India Private Limited is recruiting Customer Service Executives.
The survey also showed that both input and output prices rose at a slower pace during the month.
FY17 GDP growth faces cash crunch heat
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
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.
In its third quarter review of monetary policy, the RBI in January raised the key repo rate by 0.25 per cent to 8 per cent in a bid to curb inflation.
FDI inflows into India were $34 billion in 2014, up 22%.
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.
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."
The new orders sub-index, which includes domestic demand as well as orders from abroad, rose to 53.2 in May
There were as many as 628 names in the HSBC list.
Rajan's deputy Khan cautions against early celebration of falling inflation, unhedged forex exposure.
India has been probing hundreds of black money cases.
Plastic counterfeiting and frauds have increased at an alarming rate. So how do you protect yours from being misused?
According to the latest data released by the Reserve Bank of India (RBI), the number of credit cards in the country increased by 128,000 in May. HDFC Bank added the most number of cards in May (69,974). State Bank of India (SBI) was next with 34,183 cards. SBI sells credit cards through SBI Cards, its joint venture with GE Capital. However, ICICI Bank and HSBC have reduced their credit card portfolios by 11,029 and 11,024, respectively.
Recent reform measures announced by the government expected to boost the sector.
This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
Weak PMI gives rise to fears of sub-8 per cent economic growth for the third quarter in a row.
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.
