Ahead of the much-anticipated 'fight of the century' bout on Saturday, unbeaten US boxing champion Floyd Mayweather Jr. has said that he and his rival Manny Pacquiao are not on a level-playing field financially.
The currency fell 3.4 per cent this week, and is below the levels at which it was trading on July 15 when the Reserve Bank of India unveiled its cash tightening steps to defend the currency.
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
While the Congress will firm up its strategy once the ruling alliance tables the Bill, initial comments by its leaders have been encouraging.
Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system
The stock and foreign exchange markets have had a negative reaction to the government's biggest social security programme, the National Food Security Bill. Food minister K V Thomas questions the rationale behind such a response
The rally is being fuelled by across-the-board buying.
The partially convertible rupee closed at 61.2350/2450 per dollar compared with 61.31/32 on Tuesday.
Donald Trump said he will never sign any trade agreement that hurts US workers, or diminishes its freedom and independence.
The US Congress has imposed a special fee of up to $4,500 on the H-1B and L-1 visas.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
Financial services major Credit Suisse on Monday said the government is likely to support rupee as the rapidly falling local unit is causing visible pressure on the country's oil and fertilisers deficit bill.
It was an extremely volatile session, borne out by the Sensex swinging over 1,200 points through the day and the Nifty 369 points.
With India's imports exceeding exports, weak rupee does more harm than good. Analysts, however, say that rupee depriciation is positive for export-oriented sectors such as IT services, pharmaceuticals, textiles and automobiles
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
The government is considering a 3-rupee to 5-rupee hike in the price of diesel, which accounts for more than 40 percent of fuel use, government officials said last week, as the country looks to cut import costs by nearly $20 billion to trim a record current account deficit.
Buffett typically makes his donations in July, reducing the number of shares by 5 percent from the prior year.
Despite all the hoopla, the Indian-American voter, and his money, counts for nothing in the mind of the American politician.
When on October 24, the Supreme Court, on a petition moved by the government, ordered payment of past dues according to its new definition of AGR, the country's second-biggest carrier Vodafone-Idea Ltd warned of shut down if no relief is given. The total dues for the industry ran into a whopping Rs 1.47 lakh crore. For an industry that has come from 7-8 operators to just three private players and state-owned fourth operator, the warning by Vodafone-Idea sounded like a death knell.
Lower IT exports will raise India's dependence on capital flows to fund imports.
During the first of the three presidential debates in Cleveland, Ohio, Trump and Biden clashed over each other's personality, past record, family and their visions.
Global buyers are putting pressure on exporters to offer discounts between 10 per cent and 15 per cent.
Floyd Mayweather Jr. cemented his place among the pantheon of boxing greats by improving to 48-0 with a unanimous decision over Manny Pacquiao on Saturday in a fight that lived up to its immense hype and price tag.
State-run GAIL India Ltd has mooted a multi-billion-dollar CNG corridor in the country to save up to Rs 60,000 crore (Rs 600 billion) in oil bill and cut carbon emissions from automobiles.
The central bank will auction Rs 220,00 crore (Rs 220 billion) of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
India is estimated to spend $1.36 billion more a year for every one dollar a barrel increase in crude oil prices, says Subhayan Chakraborty.
The Reserve Bank has taken some steps to shore up the domestic currency.
The appreciating rupee has taken its toll on Tata Consultancy Services' June quarter numbers, with the top line growing just 1per cent sequentially in rupee terms to Rs 5202.8 crore (Rs 52.02 billion).
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
The central bank operationalised these special windows on September 4 to prop the rupee which had fallen close to 30 per cent between April and August.
Tim Cook is joining the roster of the very rich donors.
Economist Arvind Panagariya tells Suman Guha Mozumder that the rupee is doing a much-needed clean-up job, raising exports and cutting imports.
'As we reach 2022 we are creating a very new, different India where the Citizenship Amendment Act will be passed, NRC will be pushed through, Article 370 scrapped...'
From , May 15 (PTI) Four Indian Americans, including a physician and three co-owners of a health clinic from Chicago, have been charged with healthcare fraud estimated to be running into millions of dollars. Federal law enforcement officials said three Indian Americans Ankur Ro ...
These characters have entertained us despite the fact that they do not have any name at all.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
There are multiple laws dealing with insolvency in India, which lead to delays.
It is high time to manoeuvre the rupee more effectively and predictably, even as it has to be recognised that such tweaking of the rupee needs to be accompanied by reforms to the real sector and factor markets.
A customer wanting to buy a car would have to wait a long time for delivery.
