A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
US economic growth slowed sharply in the fourth quarter.
US President Barack Obama on Sunday affirmed his commitment to enhancing India's 'voice and vote' in global financial institutions like IMF.
All the drama from inside Bihar's legislative assembly.
The central bank has, so far, cut its repo rate by 125 bps.
Expectations of continued stimulus withdrawal by the US Federal Reserve added to the market's gloom.
There's need to address growth, but weak rupee putting pressure on prices.
We take it as a given and allow a free run to those who deserve to be reined in by a simple democratic act: vote decisively, and if the television has made a farce of itself, use the remote control, says Mahesh Vijapurkar.
Uproar over the killing of five Indian soldiers on the Line of Control in Jammu and Kashmir by Pakistani troops on Tuesday led to adjournment of Parliament until noon.
'The Modi administration has access to so much evidence that it can rip apart the Congress, not just the Nehru-Gandhis, but almost the entire leadership structure of the party,' says T V R Shenoy.
Banks seems to be upset over RBI's move over rate cut.
The shutdown was the longest in recent memory, and prompted US Securities and Exchange Commission Chair Mary Jo White to call for a meeting of Wall Street leaders to help insure the 'continuous and orderly' functioning of securities markets.
Sharp swings likely in equity, forex and bond markets.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
The 15-member body called for enhanced actions, from closing financial system loopholes to stopping the abuse of charitable causes, as well as updating the existing IS and Al Qaeda sanctions list.
'It will make good sense for military men on that side of the table to be confronted by our own.'
Tamil Nadu Chief Minister Jayalalithaa, convicted on Saturday by a Bangalore special court in a disproportionate assets case, had fought more than a dozen cases and was acquitted in most of them.
'The category of crime and criminals called Maoist or Naxal or #UrbanNaxals is an illegitimate creation of right-wing propaganda media frenzy.' 'It is a fiction repugnant to the Constitution and the law of the land,' argue Vernon Gonsalves and Arun Ferreira.
Financials are the top gainers along with index heavyweights.
They bent rules. Shut down haters. And inspired many with their successes. Let them inspire you too!
The Congress on Tuesday tore into the agenda outlined by President Pranab Mukherjee in his address saying it is repackaging of work done by the United Progressive Alliance and asked the Narendra Modi government to implement the promises made without trumpeting and "arrogance".
Aziz Haniffa, who has covered every Indian Prime Minister's visit to the US since Rajiv Gandhi in 1985, gives us a peek into what's happening in Washington, DC on the eve of the Modi-Trump summit.
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
The deal would involve Pfizer paying with 11.3 of its shares for each Allergan share.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Technically speaking, US equities have seen net losses since January. India is strongly influenced by US trends.
After Pyongyang tests a missile potentially capable of reaching the US, Dr Rajaram Panda explores the realistic -- and peaceful -- options before Donald Trump and the international community at large.
Prime Minister Alexis Tsipras battled to win lawmakers' approval on Wednesday for a bailout deal to keep Greece in the euro and avoid bankruptcy, as the IMF pressured Greece's creditors to provide massive debt relief for its crippled economy.
A Ganesh Nadar meets the family of Lesima Jerose Monisha, one of the Indian nurses stranded in Iraq's Tikrit, in Tuticorin, Tamil Nadu. "The nurses are well-fed but they haven't received a single rupee as salary in four months, hope India will make the Iraqi government pay them," says Edwija, her mother.
Biju Janata Dal members had staged a walk-out while NDA ally Shiv Sena did not participate in the voting.
China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
Although there are serious risks facing the US economy in the coming year, there is also a good chance that growth will be substantially stronger than it has been since before the recession began.
'This is the first time that the Americans have agreed to refer to "cross-border terrorist attacks" in a joint statement.' 'No wonder Pakistan has called the joint statement "singularly unhelpful" and has blasted it, and its all-weather friend China has applauded Pakistan's frontline role in combating terrorism,' points out former foreign secretary Ambassador Kanwal Sibal.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
As India celebrates its 70th Independence day, Rediff.com pays homage to millions who laid their lives for the country's freedom.
The bill stipulates up to two-year jail term and a maximum fine of Rs 5 lakh for discriminating against differently-abled persons
Seeing the potential of shale gas, Reliance Industries moved early to secure a foothold in the Marcellus shale reserves in the US.
.jpg)
Else, more capital outflow and pressure on rupee likely.
