Markets ended at fresh all-time closing highs, led by aggresive buying in capital goods and bank shares.
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
The maximum prison sentence he face is 45 years, but Martoma could be given a lesser prison time under federal sentencing guidelines.
India and the US had on July 17 signed a preliminary agreement for cooperating on emergency crude oil reserves, including the possibility of India storing oil in the US emergency stockpile.
The world without Facebook sounds unbelievable, but after its sliding stocks a hedge fund manager has predicted that Facebook will "disappear" in five to eight years.
They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.
Rating agency Crisil said corporates, especially those in the auto, aviation, consumer durables and oil sectors, will be "severely impacted" by rupee depreciation due to large overseas debt and limited hedging.
Aseem Chhabra lists his favourite Indian films of 2021.
Gold has dulled a lot lately but investors could still take a shine to it.
'Stick to the known quality names, avoid short term thinking and don't be in a hurry to book profits on your winners.'
Ramping up e-commerce operations and going beyond its current strongholds are key challenges for the grocery chain in its battle with Mukesh Ambani's retail behemoth.
Investment advisor Sheetal Jhaveri busts popular money myths to make you a confident investor
Indian central bank may soon edge out its counterpart in the Netherlands from the top-10 list, as latter's holding has largely remained unchanged.
A recent incident has underscored one more way in which the lives of the super-rich are diverging from the lives of everyone else.
From May, the company will start selling the Galaxy Mega phablets that come with 6.3-inch and 5.8-inch displays.
Given recent tendencies, it was only a matter of time before the rupee fell below its previous low.
'The cost of funds has come down, which will lower lending rates'.
Is focusing on Rajat Gupta and Raj Rajaratnam the best way to chronicle the South Asian-American Diaspora's rise?
The hedge fund manager demands more cash for investors.
China's behaviour in the post-pandemic geopolitical landscape which may determine the Quad's future trajectory, notes former foreign secretary Shyam Saran.
P-Notes, mostly used by overseas High Networth Individuals, hedge funds and other foreign institutions, allow such investors to invest in Indian markets through registered foreign institutional investors.
Rajaratnam's appeal against his conviction comes a day after a federal judge sentenced his friend and business associate Indian-American Rajat Gupta to two years imprisonment for leaking boardroom secrets to him.
Gupta was convicted of passing confidential information.
Former beauty queen Danielle Chiesi will now be behind the bars.
Two Indian Americans are at the centre of a case, which resulted in a deal that brought $600 million to the Securities and Exchange Commission, the largest amount it got ever to settle an investigation.
While investing in gold and silver has been going on, another investment avenue that is blooming since past few years is the 'noble metal' or platinum.
India Inc is borrowing from global firms as interest rates sky rocket in India.
Western sanctions aimed at crippling Iranian finances by drying up buyers for its crude oil, had last year banned insurance cover to ships carrying Iranian oil.
Spot gold rose $8.32 an ounce to $1,474.56 by 0624 GMT, well below a lifetime high around $1,920 an ounce hit in September 2011.
The new E-Class diesel variant carries an introductory price of Rs 43.65 lakh or Rs 4.36 million (ex-showroom Pune), while the petrol version is priced at Rs 40.73 lakh or Rs 4.07 million.
The technology-driven futures trading in gold and silver would fulfill its objectives only if poor farmers and small goldsmiths benefit from it, Sharad Yadav, minister for consumer affairs, food and public distribution, said in New Delhi on Friday.
If Sebi had adjudicated Rajat Gupta's case, he would have got off with a mild fine or probably the charges would have been dropped, not in spite, but because of his impeccable track record.
To select the right platform, get the opinions of a few existing users or browse online for feedback. Select a platform that offers a seamless experience. Check that the platform you are going with is a regulated entity, suggests Sanjay Kumar Singh.
Primarily aimed at India, Pakistan is making qualitative and quantitative improvements to its nuclear arsenal and "could increase the number of circumstances under which it would be willing to use nuclear weapons," a Congressional report has said.
Gold is often favoured as a hedge against economic and financial uncertainty
