India must have a "contingency plan" in place to ring-fence the country's economy if the political showdown in the US leads to a default on its international monetary obligations, industry body Assocham said.
Swiss National Bank shocked the currency markets on Thursday by abolishing their currency -- franc's three year-old cap of 1.20 per euro
2016 is at the halfway stage and the year has already seen some stunning sporting wins, underdogs emerging triumphant on the biggest stages of them all.
Modi said India and Russia have been friends for a long time and thanked Putin for inviting him for the first-ever informal meeting at Sochi.
A summary of the matches from Day 9 at the French Open.
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
Devangshu Datta highlights the silver lining for the long-term investor.
'The UPA's claim of growth at 9.5 percent was absolute nonsense and a fraudulent claim because the country did not grow; it was only statistical growth.' 'I do believe that when there is a determined leader who wants to bring a desired change, the system will begin acting. Today, people think there is policy paralysis, but there is functional paralysis also.' 'When things start moving, people will invest. Many companies are holding cash, many people are not investing. Nobody is making any move. Everybody is waiting for the elections to get over.' Economist and Swadeshi Jagran Manch convenor Swaminathan Gurumurthy in conversation with Shobha Warrier/Rediff.com
The Prime Minister also underscored the importance of public sector undertakings in the country.
Nifty50 surged 87 points to end at 8,157, highest closing levels since Oct 29, 2015.
Viveat Susan Pinto & Niraj Bhatt in conversation with Nirvik Singh, chairman and CEO, Grey Group.
The RBI governor also said he is not 'overly' worried about any interest rate hike by the Federal Reserve, saying the country had enough foreign exchange reserves.
In response the BRICS - Brazil, Russia, India, China and South Africa - have taken steps to strengthen cooperation such as setting up a joint development bank
The rupee had strengthened by 19 paise on Monday.
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
Nearly half of the 20 indexes polled globally are now expected to end the year lower than where they started
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
A fall in the rupee could boost exports. But the flip side of the equation is that a weaker rupee could stoke some inflation
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
A stable dollar will at minimum reduce incremental cross-currency pain for Indian cos.
The friction with the political class is not only about interest rates and monetary policy. While the government often spoke freely about its discomfiture, the RBI had to be careful even in its response to the government as any loose statement would affect the markets.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Gold demand in India -- one of most avid purchasers -- is interwoven with culture, tradition, the desire for beauty and the desire for financial protection.
when the Maharashtra delegation of small and medium businesses arrived in the US on October 9, the Indian consulate decided against holding a standard reception replete with boilerplate speeches. Rather, the consulate put together a programme that would increase the chances of things working out for them. They held an event on Lex Terrae (law of the land).
The renminbi is expected to weaken another 2 per cent in six months.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
'I am doing all this for the students of Kerala, and when they come and hit me, it is very frustrating.' 'My regret is that something that could set off for the future has been thwarted.' 'We have not changed the syllabus for decades, we have not accepted norms in education and technology is hardly used. Today's students are studying what I studied decades ago.'
Wimbledon champion Garbine Muguruza notched up her first ever victory on Arthur Ashe Stadium with a 6-0, 6-3 win over American Varvara Lepchenko at the US Open on Monday.
The Indian rupee, however, saw the largest bullish bets in one year as worries about inflation eased.
Imports in 2016 expected to be lowest in 7 years but experts don't rule out a revival in demand if the yellow metal's price falls
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
The output has seen a decline due to the ban in Karnataka and Goa.
It was a year of big gains for equity investors.
Markets end higher ahead of Fed outcome, China stimulus
'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.'
As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta.
'Sakshi's medal will do to women's wrestling what Sushil's 2008 Olympic medal did to wrestling in general.' 'It will make more and more families put their daughters into wrestling.' 'More and more young girls will fall in love with the sport and demand that they be taken to akhadas.'
