The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
India Inc has learnt to take risks and compete with global players to create wealth, industry experts said on Monday.
The market is ploughing ahead. The correction happened before Oct 1.
The much-awaited TCS IPO opened on Thursday, to a lukewarm response. The offer has been subscribed 91.08 per cent on the first day, and most bids are at Rs 775.
The RBI, according to the source, wants details on the procedure followed for credit appraisal by the bank while giving loans to Videocon.
Faced with allegations that included bribery and violation of sovereignty, Park was accused of colluding with Choi to secure millions of dollars in bribes from the country's biggest enterprises and allowing Choi, a civilian, to interfere in state affairs. Park had apologized, but denied any wrongdoing.
To shed more light on how GST will affect the individual as well as the nation, Rediff Chat has lined up experts to field your queries.
Honda Siel's mid-size car City, Ford's Endeavour sports-utility-vehicle and Bajaj Auto's Wind motorcycle bagged the top honours at the 3rd CNBC Autocar awards in New Delhi.
'Tehran,' Foreign Minister Zarif said, 'had expected the Modi government to be "more resilient" in the face of Washington's bullying,' notes Ambassador M K Bhadrakumar.
The proposal of the totally foreign-owned STAR TV for uplinking from India for a 24-hour news channel has been pending before the government, sources said.
Bharatiya Janata Party President Amit Shah on Tuesday suggested that it will take some time before the Narendra Modi government fulfills its development promises, saying the previous United Progressive Alliance dispensation had left behind a 'big ditch'.
India and China are aiming to double their bilateral trade to about $10 billion by 2005.
While Britain grapples with a hung parliament, EU has warned, 'We don't know when Brexit talks start. We know when they must end.'
Ramesh Shrichand Damani feels that steady retail buying could provide a strong, broad-based boost to the Indian stock markets.
Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on
Jaitley also hinted that these very economic realities could decide whether the government sticks to a fiscal consolidation roadmap or not.
Apple Inc Chief Executive Tim Cook publicly came out as gay in an article he wrote in Bloomberg Businessweek.
A lot of my decisions are based on idealism, says N R Narayana Murthy
The Finance Ministry's Economic Survey had projected a growth rate of 7-7.75 per cent.
The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.
Rajan, who has also served as chief economist at the International Monetary Fund (IMF), said he had no idea what statistics are pointing at currently and "a revamp" was needed "to really figure out what India's true growth rate is".
The RBI cut rates for third time in 2015 due to favourable economic conditions.
The government has changed the criteria for infusion of capital.
In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.
Kudlow, who served as Trump's informal economic adviser during the 2016 campaign, is a well-known conservative voice.
President Donald Trump talked to the Saudi King, during which the latter flatly denied having any knowledge of the missing journalist.
Nikkei is one of the largest media houses in Japan.
Jaitley said inflation has been under control for long and is likely to remain so on the back of good monsoon and unlikely spike in oil prices.
Due to major policy reforms announced recently by the government, India is poised for good growth.
'For the RBI, for a central bank, reputational risk is the worst risk.' 'Credibility is the worst risk,'
The deficit for April-June was at $21.8 billion or 4.9 per cent of GDP.
Flipkart's model is a money guzzler
RBI lowered economic growth for the current fiscal to 6.9 per cent from the previously projected 7.1 per cent, but saw it bouncing back in a big way to 7.4 per cent in 2017-18.
On Monday, Reserve Bank hiked the lending rates to banks by 2 per cent to 10.25 per cent.
Frosty Indo-Pak relations after the beheading of Indian soldiers by Pakistani troops were on full display in Yokohama, Japan.
Infosys CEO Vishal Sikka on Wednesday said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.
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