Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Global growth, according to IMF, likely to be lower at 3.3%
Anshu Jain spent 20 years building Deutsche Bank.
The 'terrible' surge of the coronavirus cases in India has severely impacted COVAX's vaccine supply in the second quarter of this year to the extent that there will be a shortfall of 190 million doses by the end of June, according to a joint statement by the WHO, UNICEF, GAVI and CEPI.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
Brokerages expect better financials as management is determined to improve profitability.
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.
Its economy dependent on tourist arrivals, the hill state is looking at a summer of discontent. Not that the rest of the year promises to be any different. Ashwani Sharma reports from Shimla.
The experience of direct cash transfer under PM-Kisan will be useful in designing a larger scheme of DBT for farmers combining all subsidies and support for the agriculture sector in the future, say Ramesh Chand & SK Srivastava.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
Sensex ends in green on boost from bluechip stocks.
'The estimates of tax forgone on this item run into hundreds of billions.' 'And there is neither fairness nor rationality to support continuing with this tax holiday for just one class of investors, those who put their money in shares,' says T N Ninan.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
'While the poor have little say in shaping India's intellectual or public discourse, they do have a significant role in deciding political outcomes,' points out Roshan Kishore.
'Two esteemed foreign investors with huge funds are coming with us in our real estate and city development businesses.'
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
'Earlier, when they were selling tickets at Rs 1,000, a family of five could travel by flight.' 'When it comes to realistic pricing and the price becomes Rs 5,000, a family of five will have shell out Rs 25,000.' 'How many will be able to afford that?' 'You will see people switching back to train travel which is more realistic.'
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to.
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Government gives 3 months, starting June, for the 20 districts to be covered under its direct benefits transfer scheme.
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
This rate of growth has a number of implications.
With Muthappa Rai's death ended a life that highlighted the dark side of Bengaluru's often delirious growth to become India's IT capital
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
Sensex closed the day 416 points higher.
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.
'Both India and Japan can find themselves in a win-win situation if they draw some lessons from each other's strengths,' says Dr Rajaram Panda.
'Whoever whispered in his ears that go for demonetisation, misled him completely' and the PM lacked the sagacity to know that it would not work, Yashwant Sinha tells Archis Mohan.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
Commercial banks are also expected to be soft on loan repayments and restructure the loans, if not write them off.
