'This is clearly a much stronger government, a much strong Prime Minister's Office and a much more disciplined approach. There is an improvement of the work culture in the government -- people don't play golf in the mornings anymore. There is a huge attempt going on to making business easier,' says Rakesh Mohan, executive director at the IMF.
India's record current account deficit has been a key reason behind why Standard & Poor's and Fitch Ratings cut their outlooks on the country's sovereign rating to 'negative' last year.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
Government hits back, tells rating agency to introspect on processes.
The majority in the markets believe that a September lift-off is likely.
Positive cues from Asian peers also uplifted the sentiment.
Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February.
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
The S&P BSE Sensex ended 190 points up at 23,382.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
Beijing did not announce expected policy support over the weekend
Euro-zone growth could improve because of (a) reduced pace of fiscal tightening and (b) stronger exports, but weak domestic demand and a fragile banking system could increase deflation risks that could force the European Central Bank to turn further accommodative.
In any case, Ghosh could take lessons from the best professionally managed companies all over the world that always groom the CEO successors well in advance.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
'Chinese real GDP growth is 7.1% and India's is 7.4%'.
Investors with stalled projects and mounting bad debt will refinance their loans.
Greg Abel and Ajit Jain would be prime candidates
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
The legislation passed with 230 votes in the 300-seat chamber.
The index had risen over 585 points in the previous three sessions.
Nifty has a virtual monopoly in the index derivatives segment.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
If you are not happy with the price offered at buybacks, you could be in for a long haul.
Last week, the government had introduced a fresh round of austerity measures, including bans on first class travel, creation of new posts and holding meetings in five-star facilities.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Summers dogged by controversies over past views
11th-hour debt restructuring programme offered no concessions to creditors
They believe that long-term story is intact.
He was number three in 1999 when the company was founded.
FM needs to convince Indians to invest more in stocks.
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