Since mid-July, the RBI has taken steps to tighten cash conditions, which have failed to support the rupee but sent bond yields surging, posing a fresh threat to the already cooling economy.
'Look at Mr Modi. He is a part of this new middle class.' 'India has never before seen this kind of social mobility, certainly not since medieval times.' 'As a result, India's entrenched elite, which is a class of people with a strong sense of entitlement, is being tamed,' Sanjeev Sanyal tells Shyamal Majumdar and Arup Roychoudhury.
Pharma major Lupin and mortgage lender HDFC were the top losers.
Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi?
One has to wonder what is so wrong with the European Union.
The company's buy of Concur will strengthen its position in cloud computing
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
With projects worth Rs 1,28,000-cr, the group hopes to become one of the country's biggest industrial houses.
Volkswagen did not name a successor, but said proposals on management appointments would be made to a full board meeting on Friday.
Volkswagen is under huge pressure to act, with its shares down more than a third in value since the crisis broke, and the bad news still coming.
IMF members will also be examining whether China's heavy intervention in the yuan market was befitting of a freely convertible reserve currency
Faced with a situation where the spouse's transferable job keeps taking the family to different locations, thus jeopardising their own careers, many women simply fall off their career track and resign themselves to relocation every time their husband gets transferred, says Sudha Menon.
As his personal wealth started booming, Mallya went on a buying spree.
The country imported 9.31 million tonnes (mt) of steel in FY15.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
'Sergey and I have been super excited about his progress and dedication to the company. And it is clear to us and our board that it is time for Sundar to be CEO of Google,' Lary Page said.
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
IT and pharma companies again save the day; mask pain in domestic consumption.
The impending default on the IMF loans leaves Greece sliding towards an exit from the euro.
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The eight-year-old online messaging service gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents, setting the stage for one of the most-anticipated debuts in over a year.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
After two years of growth in the 4 per cent to 5 per cent range, the gross domestic product is expected to increase more robustly in 2015, growing to an expected 6.4 per cent.
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