Governor Rajan stressed on the benefits over a medium-term.
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
Sale at acquisition price may have been prompted by slow coal traffic and fall in prices.
IOC is building a 5 million tonnes per annum LNG terminal at Ennore near Chennai which is to be completed by 2017.
Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman
Umrika, which won the audience award in the World Cinema Dramatic Competition section at the Sundance Film Festival in 2015, finally releases in India.
Quarterly results of many of these banks show significant losses.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
Around 2,500 engineers and 45,000 cash management employees step up efforts to complete the target of recalibrating 12,500 ATMs every day.
ICICI Bank has the largest proportion of SDR loans as a percentage of its total, followed by state-run United Bank of India and Canara Bank.
No one is right all the times. Recognising the market signals is a very important part of your portfolio creation, says P V Subramanyam
Developers had been urging dual usage of their SEZ land since the beginning of global financial recession in 2008.
Import curbs on Chinese panels and modules may help, but low demand and capacity remain problem areas, says Shreya Jai.
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
Gujarat, the home state of Prime Minister Narendra Modi and portrayed as 'growth engine' of India has witnessed a steep fall in new investments for the second quarter of 2014-15 compared to the first quarter of the same fiscal.
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
The good news for the group has come from the port business.
'I am a dreamer, so I always dreamt that Village Rockstars would go places.' 'But I never ever imagined this.' 'The way people are responding... they come to me, hug me, they call me, shower me with love and I feel wonderful.'
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Issue in two months for Australian projects; group to invest another $15 billion in infrastructure projects by 2020.
Analysts have started talking about at least a 25 bps cut immediately.
In the capital goods space, Punj Lloyd and KEC International could be in limelight for the expected turnround
In its final order, the environment ministry had concluded that the upfront payment of Rs 200 crore as Environment Restoration Fund for violations and damage done was not permitted under the Environment Protection Act. Consequent to this order, the penalty that could be imposed on any confirmation of violation in the future is a maximum of Rs 1 lakh.
'I don't come to the film with an agenda. I come to a film with a story. When the story excites me, I go bonkers.'
The good news is that within the first 14 months, orders for manufacturing and commissioning of the entire 88,537 Mw capacity for the 12th Plan have been placed, according to the Central Electricity Authority, the country's apex power planning body.
'Maneesh Sharma's Fan should be good. It will have Shah Rukh doing something entirely different from what he has been doing recently.'
Tata, Adani, Lanco to be hit as Indonesia may ban export of low-grade coal
With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
India's state banks are under pressure to improve profitability.
There was a sharp fall in power output on Thursday from a plant in Gujarat that left India more than 9,000 megawatts short of peak demand, according to two officials at the state grid operator.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
Mistry's strategy appears to be the opposite of the group's stance in the heady days of 2007
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Adani's $15-billion Carmichael coal mine is stuck since 2010.
Sensex in green in afternoon trade.
Indian business has many legitimate grievances against the political class for not delivering an optimal business environment.
Sanand has catapulted into the big league of automobile industry hubs.
