Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
Indian bond yields fell on Friday after Rajan's remarks, showing the level of concern about high inflation and investors' anticipation that the RBI will continue efforts to stabilise the economy.
Rajan addressed a group of investors in Boston on Thursday.
The rank of COO is the latest in a series of decisions that met with internal resistance at Mint Road and now North Block.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
Underworld don Chhota Rajan was on Saturday sent to Central Bureau of Investigation custody by a court, a day after he was brought from Indonesian city of Bali.
Flagging the issue of lack of enough economists in the country, Reserve Bank India (RBI) Governor Raghuram Rajan has said the inability to get quality talent may be hurting policy making.
Pujari is allegedly involved in eight serious cases in Mumbai, including firing, extortion and murder. A resident of Tagore Nagar in Vikhroli, he had fled from the country years ago. He had allegedly targeted builders and businessmen in eastern Mumbai, the crime branch official said.
Rajan announced a status-quo on interest rates.
The central bank gave 11 entities licences to start payments banks.
Rajan was speaking in Hyderabad at an interactive session at National Institute of Rural Development and Panchayati Raj.
Sunrisers Hyderabad will look to unleash their brute batting power on struggling Royal Challengers Bengaluru when the two teams face off in their return-leg fixture of the IPL in Hyderabad on Thursday.
Rahul Gandhi hailed the RBI Governor for steering the Indian economy in "difficult times"
Stocks and rupee on Monday took an early morning plunge but soon recouped their losses.
The Governor said RBI does not limit itself too much when there is uncertainty.
For India, Fitch Ratings has 'BBB-' rating.
An Indian police team on Monday for the first time questioned underworld don Chhota Rajan and officials believe that he could be deported to India in the next two-three days.
'We have 100,000 students going abroad every year.' 'So, we have room for at least 100 universities of very high quality to service those 100,000 students.'
On Aug 11, the Chinese central bank surprised markets by devaluing the yuan by nearly 2 per cent.
The taxpayers and honest borrowers suffer when a big entity defaults.
Rajan has a great track record abroad.
The mismatch between industrialists' demand and account holders is because of inflation, Rajan said.
Special CBI Judge Vinod Kumar passed the order after Rajan, produced before the court via video conferencing, pleaded not guilty and claimed trial.
Rajan, who has also served as chief economist at the International Monetary Fund (IMF), said he had no idea what statistics are pointing at currently and "a revamp" was needed "to really figure out what India's true growth rate is".
The industrial output for the third month in a row remained in the negative territory, contracting 1.5% in January
Rajan's first few measures include swap window facility for banks to lure in NRI funds.
The single most important issue in Public Sector Banks is corruption.
Rajan said RBI should pay as much dividend as possible to the government, which over the past two years has run into billions of dollars
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
RBI has, since January, cut its policy rate four times.
Head of central banks from various countries get into a 'Basel huddle' every second month at Basel at the headquarters of the Bank for International Settlement.
India needed more specialists within government
Raghuram Rajan, who has been pilloried by his critics for keeping interest rates high and has also been accused of stifling growth.
He was responding to a question on economic reforms in the country.
Gujarat Giants will be wary of Royal Challengers Bengaluru's newfound firepower in the middle-order when the teams clash in the Indian Premier League in Ahmedabad on Sunday.
The CBI sources said the agency has charged them with criminal conspiracy, cheating, forgery and under Provisions of Prevention of Corruption Act in the chargesheet.
Dey, a veteran crime reporter, had planned a book, titled 'Chindi -- Rags to Riches', wherein he was going to write the stories of 20 gangsters with humble origins.
Raghuram Rajan optimistic about passage of GST
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