The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Rajan also said the outlook for agriculture is subdued, in view of both rabi and kharif prospects being hit by monsoon vagaries.
.jpg)
Amid fears of a downgrade from ratings agencies, the finance ministry is gearing up for a visit of Japan Credit Rating Agency officials on September 6.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
Sunder Navalkar devoted her whole life to the cause of workers' rights, remembers Sanober Keashwaar.
Dealers attributed the rupee's fall to fresh demand for USD.
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
'The expectation was that Modi would become even bolder in his approach, and after only four months into his second term, we are starting to see evidence of this.'
Has Modi -- after announcing the life-crushing demonetisation, the abrogation of Article 370 and the CAA/NPR/NRC without any consultation -- suddenly realised the value of taking everyone on board, asks Krishna Prasad.
'The world's economy is booming and growing at 3%. But even in this environment, India's growth has declined.' 'This is because of the deliberate slowing down induced by eccentric actions like demonetisation,' argues Aakar Patel.
'It could take 12 months or more for hiring to get back on track.' 'New opportunities would come up and there will be demand for skillsets that can help dealing with the current situation.'
Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das
'It looked as if India had been a major player in science at that time, raising the question when and why things changed,' says distinguished aerospace scientist Professor Roddam Narasimha.
'...but from those who control the narrative.' Powerful nations have mastered this art of narrative building. Those nations who aspire to become global powers must do so, observes Shanthie Mariet D'Souza.
India, he said, has opened up its markets and stepped up public investment including in the infrastructure space and is concentrating a lot on boosting expenditure to improve the quality of rural life
Oil prices dipped on Wednesday as the market prepared for a gradual increase of Iranian exports into an already oversupplied market from 2016.
'If the 'ideology' is just Hindutva, meaning cattle slaughter, temple issue, love jihad, joined with random acts on the side of economics and foreign policy, then we are in deeper trouble than we think,' says Aakar Patel.
'This will be the first open university in Kerala and it is a great tribute to Gurudevan by the helmsman of the Communist movement in Kerala,' observes Ambassador M K Bhadrakumar.
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
There is uncertainty in most investors' minds as to whether China is transitioning to a new growth model or simply collapsing.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about $ 15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore. Aramco, the world's biggest crude exporter, will also supply Reliance's twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
The party, in a resolution adopted at its 84th plenary session, accused the National Democratic Alliance government of pursuing a foreign policy "bereft of focus and direction".
Shanghai's benchmark share index plunged below 4,000 points for the first time since April
Brent hit a session high of $114.69 a barrel, its loftiest since September last year.
Moody's said India's current account deficit (CAD) has narrowed significantly from 4.8 per cent in 2012 to 1.4 per cent in 2014.
Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4 per cent from 3.3 per cent in the previous fiscal, think tank OECD said.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
The council is looking at the youth as a segment in the global market and has started the LoveGold on the social media (Facebook and Twitter).
The most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
The BSE Sensex was among the world's best performers in 2014, rising almost 30 per cent after Prime Minister Narendra Modi took office on promises of reforms to boost growth
Indian economy is doing well and the performance of domestic stock markets is not as bad as that of other nations.
At present there is virtually no dialog between votaries of different various versions of economic democracy.
US budget deficit to come down to $583 billion in 2014
Modi asked bureaucrats to imagine whether or not their life has become "robotic". "If it has happened than this impacts the whole government and system. We can't be robotic. That can't be our life," the prime minister said during an hour-long interaction with civil servants at the 9th Civil Services Day function at Vigyan Bhawan.
At a time when the whole world is going ga-ga over stocks and debt is too easy to borrow, do not forget gold, says Anil Rego.
