Xi does not want to risk any political or economic crisis complicating his bid to remain in office, observes Ambassador Shyam Saran, the former foreign secretary.
According to Subbarao, the pressure on the currency was inevitable.
A few analysts were surprised by the revenue growth of 3.8 per cent; many had expected revenue growth to be 2.5-2.7 per cent.
RBI's intervention in the currency market is through public sector banks.
If there is a morality tale here, it is that debt and death spare no king.
Infosys, HCL might fare marginally better than TCS.
Budget has already bombed at the box office and passing it without a revisit will be a mockery of the exercise though any modification may be short lived and perfunctory, observes V Ranganathan.
If there is turmoil in currencies, gold can shoot up sharply, says author of Arora Report.
In efforts to move towards a cashless society, the Reserve Bank on Wednesday said it will come out with a concept paper on promoting electronic payments, especially in smaller towns, by November-end.
The dollar was weak against major world currencies.
The Indian economy's election-year syndrome cannot be ignored, says A K Bhattacharya.
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
So far this month, another $4.5 billion (Rs 33,000 crore) has flown into domestic stocks.
We should not see a strong rupee as strength but target a fairly priced rupee for restoring our competitiveness, says Rashesh Shah.
Auto major Fiat Chrysler Automobiles (FCA) on Wednesday said it will invest $150 million (around Rs 1,103 crore) to set up a global digital hub in Hyderabad to help the group develop new technologies to cater to its automotive operations across the globe. The facility, which is FCA's largest digital hub outside of North America, would create nearly 1,000 jobs by the end of next year.
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
India's second-largest telecom firm Bharti Airtel on Tuesday reported a net profit of Rs 1,134 crore for the September 2021 quarter, and said it is witnessing strong business momentum with growth in 4G customers and increase in mobile ARPU. This is against a loss (attributable to owners of the parent) of 763.2 crore during the year-ago quarter, the company said in a statement. Its consolidated revenues for the second quarter of FY21 stood at Rs 28,326.4 crore, up 18.8 per cent year-on-year (on a comparable basis) and 13 per cent y-o-y on a reported basis, it added.
As the reform process is expected to gain further momentum, the Indian rupee will continue to outperform its Asian peers, which are likely to weaken further against the US dollar in 2015, says an HSBC report.
Companies shipping to Europe to see rupee revenues coming under pressure.
Uddhav said there was no point in Modi becoming emotional at a time when people have tears in their eyes.
The combined 10 Asian currencies have appreciated by 6.6%.
Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
This was the companies' highest loss in two years.
The RBI 'assured people' that enough cash in small denominations is also available at banks.
Analysts are of the opinion that given the change in the business model, which is resulting in smaller deals spreading across the whole year, clients may be already renegotiating prices.
The December quarter, generally a soft one for India's IT sector due to holidays and furloughs in certain sectors, is expected to be further affected because of currency volatility.
Analysts factor in 200-300-bps impact on sales in FY16
Officials said Sebi is closely in touch with RBI on the market developments.
Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business. In fact, he did a tidy job of it, but his operation started to see the ground underneath it give way in January 2018. A fascinating excerpt from Pavan C Lall's Flawed: The Rise And Fall Of India's Diamond Mogul Nirav Modi.
Move 10 per cent of your portfolio to the yellow metal.
The CBI and ED are keeping a close eye on several bank accounts.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
Investing in ETFs is similar to buying and selling shares on exchanges through your trading account, points out Ashwani Bhatia, MD and CEO, SBI Mutual Fund.
In the third of a four-part series, Business Standard reporter travels to Nashik to assess how the currency press there is responding to demonetisation.
Raids are being carried out across the country by the Income Tax department in the wake of the burgeoning fake currency racket post demonetisation, as currencies both new and old have been seized in large amounts from Bengaluru, Panjim and Faridabad besides the national capital.
While growth metrics for Infosys was skewed to a single vertical and it is struggling to get a handle on costs, TCS has been able to manage growth and keep cost inflation under control.
'There is one sector which is overlooked. And that is the middle and upper middle class.'
He said it may take up to 3 weeks for all the 2 lakh cash vending ATMs to operate normally as each one has to be calibrated individually to dispense new sized notes of Rs 2000 and Rs 500 besides lower denomination currency of Rs 100.
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
