Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
The 30-share Sensex ended down 215 points at 27,011.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Both the Barack Obama administration and United States lawmakers on Capitol Hill have expressed concern over the Indian Supreme Court's decision to uphold a law that criminalises consensual homosexual conduct.
'He was sought after because he delivered.' Ishita Ayan Dutt profiles Tata Steel's new boss.
'The impasse on the India-China border in the Sikkim sector persists, but the Hamburg meeting between the two leaders will certainly have its salutary effects on the relationship between the two countries,' says China scholar Rup Narayan Das.
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
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.
Nifty50 surged 87 points to end at 8,157, highest closing levels since Oct 29, 2015.
Members of his team and industry were right now in India, US Defence Secretary Ash Carter disclosed, 'looking at the potential co-production of fighter aircraft.'
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
Sources said that the capital markets regulator Securities and Exchange Board of India has come across quite a few cases where GDR route could have been used for round-tripping of funds in the name of capital-raising activities of listed companies from abroad.
Bajaj three-wheelers outsell Chinese three-wheelers in Peru. The Pulsar is number one in its category. Nikhil Lakshman discovers in Lima that even though the Chinese are far ahead in investments in Latin America's fastest growing economy, Indian manufacturing and IT are holding its own.
Tata Motors was the top gainer on better-than-expected June quarter revenues
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Providers write to Sebi, FinMin; launches may hit pause.
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
In a meeting with the commerce minister, India Inc hammered Sharma on the collapse of investments, structural nature of the current account deficit and stagnant growth in agriculture.
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
'If the Americans believed that India is as strong as China or Russia, would they have shown this scant respect for us,' asks Tarun Vijay, MP. 'An economically strong and militarily powerful India would never have had this experience. Not just the Americans, everyone in this world respects might. China receives respect, India gets the law book.'
'Many fresh faces have come before him on both sides, and every sort of individual -- liberal, conservative, hardliner, dictator -- has come and gone.' 'I think we just seem to be happier when we hate one another,' says Aakar Patel.
'Here in Delhi, the Modi government is supposedly looking at 'options' to hit back at Pakistan in any whichever way it can, while in Washington, the Obama administration is looking for ways to strengthen US military cooperation with Pakistan,' says Ambassador M K Bhadrakumar.
ONGC was the top performer while private banking major ICICI Bank extended gains
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
'If, as appears to be the case, India is on way to 'mending fences' with China, and China is equally desirous to 'reset' the relationship, this could be a self-reflexive moment in India's positioning vis-a-vis not just the Dalai Lama, but also the Tibetan issue and China as a whole,' points out China expert Alka Acharya.
Markets under pressure; IT financials grab spotlight.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Jaitley assured that both the banking system and the government will make the resources available to them.
'India is going to maintain its ties to China, India is going to develop a strong relationship with the United States. It means that India is going to have the flexibility to pick and choose its friends.' 'That's traditional Indian foreign policy, and it's smart.' Former US ambassador to India Frank Wisner, one of America's sharpest minds on South Asia, tells Aziz Haniffa/Rediff.com what Washington can expect from Narendra Modi's visit.
Despite vast differences in the way the media operates in the two countries, an India-China media forum will go a long way in improving understanding between the two countries, says Srikanth Kondapalli.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
The upcoming Indo-Pak National Security Adviser-level talks appeared to be on the verge of being aborted with both sides locked in a confrontation over Kashmiri separatist leaders.
In a late night statement, the White House said completion of these sales would increase bilateral defence trade to nearly USD 19 billion, supporting thousands of US jobs.
The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed.
Bribe for Goa project estimated at $976,630
The Sensex ended below 28,000 for the second straight day at 27,869.
'In the run-up to the summit, Trump had indicated that he might strike a nuclear deal in the course of a single meeting or over several days, but as it transpired, Trump departed Singapore soon after the meeting.' 'This raises questions if his aspirations for an ambitious outcome had been scaled back,' says Rajaram Panda.
Despite all the incentives, the start-ups' mega event fell short of expectations
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