Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
The county's largest IT company TCS on Friday reported a 7.2 per cent jump in December quarter net to Rs 8,701 crore on a consolidated basis, and seemed to suggest the worst is behind by projecting double-digit revenue growth for FY22. The company, a cash cow for Tata Sons, saw a 5.4 per cent growth in revenue at Rs 42,015 crore for the quarter. Operating profit margin came in at 26.6 per cent despite implementing wage hikes, after consistently missing the 26-28 per cent aspirational band for many quarters.
'The worst case scenario for Pakistan is a full-scale Taliban takeover of Afghanistan.' 'Pakistani militants would be inspired and emboldened and seek to replicate the Taliban's successes in Pakistan.'
The Vibrant Gujarat is a biennial event organised since 2003 by the Gujarat government to attract investment to the state.
Banks bore the brunt of the sell-off.
Rediff.com, present to you a dummy's guide to the historic vote that could shape British-EU ties for generations.
Indonesian Trade Minister Gita Wirjawan, Chair of the Ninth Ministerial Conference, and the three Vice Chairs, in a joint statement, urged 'all WTO members to come together over the next few days to make the necessary breakthroughs, working closely with WTO Director General Roberto Azevedo.'
The Shiv Sena wants madrassas in India not to use Urdu and Arabic as a medium of instruction and wants it to be replaced with English and Hindi.
One smells a rat when cases are settled for too small a price offered either by the highest bidder or the promoter -- within and outside the legal ambit of insolvency process, observes Tamal Bandyopadhyay.
The Union finance ministry has sought views of the Securities and Exchange Board of India (Sebi) for setting up a 'social bourse.'
Raghuram Rajan's decision to go back to academics might spell short term negativity for the stock, currency and bond markets.
Many investors clearly think they can play this game.
The prospect of further falls in remittances is a hindrance for the Reserve Bank of India, as it seeks to bullet-proof the economy against sudden capital outflows
On Wednesday, the Chinese authorities extended a ban on sales of shares by large shareholders.
The government needs to take positive action to reaffirm that story.
The British pound was down nearly 9 per cent in early morning trade.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
The Singapore subsidiary of the UK-based GlaxoSmithKline plans to buy 24.33 per cent stake or 2.06 crore equity shares in GlaxoSmithKline Pharmaceuticals Ltd through an open offer.
As football fans arrive to watch Euro 2016, France's trade unions have undertaken a series of strikes to provoke a make-or-break situation. Claude Arpi encounters both Gallic beauty and ugliness in the country of his birth.
Brexit is, in the parlance of the financial community, a 'risk-on' development.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
A vilification campaign against Rosneft has begun in right earnest, says M K Bhadrakumar.
Market meltdown and volatility pushed many traders to the sidelines.
Higher growth, reform bets have boosted returns but leave limited room for error.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
The rupee on Monday ended lower by 23 paise to close at an over two-week low of 67.31 against the US currency.
We are witnessing a new phase where business leaders are realising globalisation has to take into account national identities and cultures, says Claude Smadja.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
What will be the impact on the Euro itself? Will it devalue and to what extent?
Major global airlines, including Gulf carriers, are keen to invest in this space.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
REITs, a new investment avenue in India on the lines of one in developed markets like the US, UK, Japan.
Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
Businesses have been reluctant to talk about contingency plans for Brexit
Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.
Modi is the first Indian Prime Minister to attend Davos meeting in about 20 years since H D Deve Gowda in 1997.
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