American media has taken a critical view of his accomplishments, saying his flagship 'Make in India' drive is "so far mostly hype."
Commerce and Industry Minister Anand Sharma on Wednesday appeared to share industry's concerns over naming Kumar Mangalam Birla in an FIR in coal scam case saying it was unfortunate and could raise questions over investor confidence in the country.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
At present, it is trading at around $1,004 an ounce in the international market, about $150 cheaper than gold
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Bank shares were the top gainers led by ICICI Bank.
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
'One good thing that has come out of all this is that it shown people that online ordering is the way forward.'
A change in recommendation in favour of Birla did certainly happen but the question is whether it was a bona fide decision. Jyoti Mukul reports
'...because the party is based on the Constitution.'
The Modi government's array of economic policy has been impressive.
Road projects alone worth $10 billion face delays over land disputes and other clearances.
The government has to take a call on reducing or retaining the excise rate.
The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points (bps) but said that if consumer price inflation eases as projected, it does not foresee further near-term tightening.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The problem, say experts, is not so much the use of plastic as the lack of effort to recycle and reuse it.
Uttarakhand was a tragedy that none of us will forget. As experts analysed the tragedy, it became clear that the disaster was more man made. The intergovernmental panel on climate change in its Assessment Report 5 states that human influence on the climate system is clear and this is evident from the increasing greenhouse gas concentrations in the atmosphere, positive radiative forcing, observed warming, and understanding of the climate system.
The FTSEurofirst was on course for its worst one-day per centage fall since it slumped more than 7 per cent in October 2008
He dropped those perceived to be non-performers or whose integrity came into question, and also where it was felt they needed to learn a lesson or two in humility.
TCS still ace in the pack
The Indian government and RBI must keep foreign equity investors happy and avoid crushing growth expectations, notes Akash Prakash.
Following is the full text of Congress vice-president Rahul Gandhi's speech at FICCI's 86th annual general meeting on Saturday:
The truth is that few ministries in the Modi sarkar are working on new and updated legislation of any kind.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Can Indian youth work on solutions for cyber security?
Anant Gupta, HCL Technologies' chief has an amazing success formula to get things done.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
The first six months of the financial year (Siemens follows an Oct-Sept calender) has not been encouraging.
Education sector has reasosn to cheer Budget.
President Pranab Mukherjee's recent visit to the Pacific Island nation is path-breaking, but much more needs to be done, says Dr Rahul Mishra.
Leader of the Opposition in Rajya Sabha, Arun Jaitley on why the Congress may end up getting its lowest figure in the history of Indian parliamentary elections.
'Poor home work, and a subsequent loss of nerve.' 'This sums up the Modi government's current travails, the stall in key sectors, fading momentum, irritability,' points out Shekhar Gupta.
'Those who have seen the functioning of the Modi government in Gujarat know that the issues related to Hindutva and issues of economy and growth function simultaneously.' 'Modi's politics are based on the understanding of the middle-class consumer society which is in pursuit of material aspirations.' Sheela Bhatt/Rediff.com reveals the Modi government's economic and political plans for the year ahead.
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
The index had risen over 585 points in the previous three sessions.
C K Ranganathan, CMD of the $12.50 billion CavinKare, in an interview with Shobha Warrier/Rediff.com, says though he sees signs of improvement everywhere, the Modi government has a long way to go to make the country business friendly
'Chidambaram, lots of people argue not without justification, is all about bluff and bluster without any concrete achievement on the ground. His record in the finance ministry fully endorses that view,' argues Virendra Kapoor.
Markets in green tracking firm global cues.
Sensex climbs higher on favourable global cues.
