An internship at EY is a dream come true for finance graduates, MBA, CA, and commerce students, says Sarvesh Agrawal.
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
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Despite doing well over the last three years, Umesh is not a sure starter in the playing eleven considering the competition which has gotten stiffer with the emergence of Mohammad Siraj.
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. "As at 15.42 [UK time], I shall adjudicate Dr Mallya bankrupt," Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the high court. "I have to decide if there is a real prospect of payment of petition debt in full within a reasonable period of time... there is insufficient evidence that [Mallya's asset realisations in India] will pay the debt in full within a reasonable period of time," Judge Briggs noted, in reference to defence arguments pointing to a restoration process in India following a Prevention of Money Laundering Act (PMLA) court order for the attachment of Mallya's assets.
RBI banned banks from proprietary trading and Sebi doubled the margin requirement on the domestic dollar-rupee forward trade.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
It was the RBI which destroyed our $-job economy. It is for the RBI to resurrect it by instituting news ways of managing the INR, says Sonali Ranade
Chopra also said that of all the eight franchises currently in the IPL, CSK is the one that needs a mega auction to happen ahead of the next year's IPL. Currently, it is not known whether CSK will stick to the players which played this year.
The RBI governor is focused on growth, and keeping rupee slightly depreciated is part of that 'Atmanirbhar Bharat' strategy.
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
'Rationalising TDS on dividends for FPIs to reduce it to treaty rates ranging from 5 to 15 per cent, depending on the country of residence of FPIs from current rate of 20 per cent will provide a big cash flow relief for FPIs.'
For the last three weeks, we had been warning about substantial weakness in the six month forward premiums on USD/INR, and had called for the six-month forwards testing the 41.50/44.50 level.
Sustained rise in equity markets in view of progress in monsoon mainly boosted the rupee value against the dollar.
Weakness of the dollar in the overseas market also boosted the rupee, a forex dealer said.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
Indian bonds remained volatile over the past week on uncertainties over the maiden offshore sovereign bonds issuance, according to a report by DBS Group Research.
The rupee had snapped its 3-day losing streak on Thursday.
The retail selling price of petrol at Delhi would come down by Rs 1.82 a litre.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The rupee snapped 2-day rise to end weaker against the dollar on Thursday.
A lot will depend on how the equity markets in the US play out in April-May this year. A correction there, long overdue, could change all the variables in the current equations, says Sonali Ranade
How the sharp move in the Rupee has affected Futures markets in India.
However, the consultant cautioned that security concern may keep prospective property buyers at bay for now.
The global brokerage firm believes that CRR cut is likely to help cut lending rates and revive growth sentiments.
Month-end dollar demand from oil companies mainly affected the rupee value against the US currency, a forex dealer said.
Singapore Exchange plans to launch more India-based products to provide opportunities for global investors interested in tapping the Indian market.
Sarvesh Agrawal of Internshala offers a detailed guide on the application process.
Get your weekly dose on the goings on in the fashion and entertainment industry.
Gautam Gambhir launched a scathing attack on former skippers Bishan Bedi and opener Chetan Chauhan after the Haryana speedster made it to India's Test team.
BCCI donates 51 crore to Prime Minister's Relief Fund for disaster management in wake of COVID-19 pandemic while Suresh Raina donated 52 lakh.
Para-archer Ankit hospitalised after testing positive for COVID: SAI
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
The rupee extended gains for the fourth straight day against the US currency on Thursday.
Ankit Mehra, founder and CEO, GyanDhan, an education financing marketplace, tells you how to apply for an education loan in the pandemic.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
In the global markets, the euro was under pressure against the US dollar yesterday, dragged lower as European monetary policy officials indicated willingness towards supporting more stimulus measures to aid the regional economy.
George Panayiotou, the 30-yr-old is son of former boxer turned entrepreneur Andreas Panayiotou whose net worth is 400 million GBP.
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