The steep fall in rupee came on a day when the Reserve Bank of India in its first quarter review of monetary policy kept the all key rates unchanged but cut the gross domestic growth forecast to 5.5 per cent for FY'14 from 5.7 per cent earlier.
A summary of sports events and sports persons, who made news on Sunday
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
Since mid-July, the RBI has taken steps to tighten cash conditions, which have failed to support the rupee but sent bond yields surging, posing a fresh threat to the already cooling economy.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
A glance back at some of the important ups and down Indian Inc faced in 2018.
India's gold imports could pick up in the next few months after slumping 81 percent in June as falling prices spur buying, a government source said, adding to New Delhi's anxiety over a record-low rupee and a wide current account deficit.
According to Knight Frank, in the second half of 2015, launches will be down 52 per cent (from 37,643 in the second half of 2014) to 18,000, while absorption will improve 24 per cent.
Based on the GDP numbers and the remarkable stability of the taka Bangladesh's Prime Minister, Sheikh Hasina, is a better manager than our 'economist prime minister',' says TVR Shenoy.
European Union steel prices hit their lowest since 2004
India's banks are propping up too many weak producers.
This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
A few adjustments can help foreign travellers and students reduce the impact of a falling rupee.
While this benefit of easing fuel cost should have been passed on to consumers through the review of FAC due this month, the Railways does not intend to revise freight and passenger fares until the next Budget to be presented in February.
The FDA actions eventually led to a $500-million fine for Ranbaxy as well as the effective mothballing of many of its Indian factories.
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
The Kabuliwalas of Kolkata, traditional moneylenders, have seen their numbers shrink.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
'There is gradual rise in the number of nations viewing Pakistan as the nursery of global terror.'
'He totally gets the Gandhis...' 'If anything, he pays too much attention to the Gandhis.' 'I feel that in places like UP, where the Congress doesn't matter, he often spends time blasting the Gandhis.'
'The death certificate which I once read even states the date, 6 August, but I know that already.' 'Every year, we observe paath at the local gurdwara for which we need to take leave from school. The leave form always says 'attending father's death anniversary'. 'I always dread this day -- the long walk from my desk to the teacher's table with my diary in hand and in it a handwritten note dripped with sadness despite its curt language.' 'What generally follows is pity on my teacher's face, a deep sigh of sympathy and a sad pat on the back.' A moving excerpt from Gurmehar Kaur's memoir Small Acts Of Freedom.
The Moto X Force carries a brilliant screen, pretty good camera, and the battery woes have been taken care of as well. The shatterproof screen is definitely a great plus, but the missing OIS, stereo speakers and the absent finger print scanner, all these are glaring omissions, says Himanshu Juneja.
.gif)
The film is is a slice of life love story which has been maturely handled by director Mohan Krishna.
With the arrest of the film censor board's CEO on charges of demanding bribes to clear films, the regulatory role of the panel is in focus once again
ugar mills in UP owe thousands of crores to cane farmers.
'Indrani gave a mirthless laugh on spying The Suitcase, from the accused enclosure and, in sign language, gestured the impossibility of anyone fitting in such a small bag.'
There's something quite serene about an endless stretch of barren land discovers Abhishek Mande Bhot/Rediff.com
Shatrughan Sinha has never minced his word. No wonder then his biography is titled, Anything But Khamosh.
