The Indian Met Department has predicted a below normal monsoon.
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
Although the country's manufacturing growth rate fell to its lowest in over four years last month, the export orders picked up and both input and output inflation eased, as per a monthly Purchasing Manager survey conducted by HSBC India and financial information provider Markit.
Some of Modi's biggest reforms have met with fierce political opposition.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
The 30- Share BSE Sensex ended 19924 up 22 points or 0.11 per cent, while the broader 50-share NSE Nifty closed down by 2 points or 0.01 pct at 5907.
Broader markets outperformed the benchmark indices marginally; BSE Small-cap ended 0.5% higher while mid-caps were up 0.2%.
The bank remains on high alert to intervene if markets freeze.
Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.
This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
Weakness seen in software shares, auto stocks gain on good sales growth.
The Badminton World Federation (BWF) on Wednesday said it might freeze the world rankings for a while as it works on a "fair solution" to the Olympic qualification process after the coronavirus pandemic forced a postponement of the Tokyo Games to 2021. There have been growing calls to freeze the world rankings after cancellations and postponements wrecked the sport's calendar. Indian shuttlers Saina Nehwal, B Sai Praneeth, Parupalli Kashyap and H S Prannoy have been leading the way in expressing concerns.
ED and Directorate of Revenue Intelligence have detected a significant increase in the outflow of Indian money, specifically into four countries --Thailand, Dubai, Singapore and Hong Kong.
Industrial output fell 3.2 per cent in November.
It indicates that the economy has remained frail at the start of the new fiscal year.
Global equity and bond markets, especially in Japan, were spooked on Thursday post the US Federal Reserve's comments on the third round of bond buying programme, commonly known as quantitative easing (QE3).
India has pipped China to drive the volume growth of smartphones in the world on the back of falling prices of high-end devices.
The price range and size are yet to be determined, according to the term sheet, which also did not specify the timeframe.
Days after RBI tightened liquidity to check rupee fall, HSBC country head and Ficci president Naina Lal Kidwai said the move was bad for industry as it would eventually lead to hike in interest rate.
Plastic counterfeiting and frauds have increased at an alarming rate. So how do you protect yours from being misused?
The latest PMI showed inflation pressures ebbed further last month with both costs of raw material and prices charged rising at a slower pace than March.
Former India badminton coach Vimal Kumar on Tuesday blamed the withdrawals by Asian nations for the postponement of the Thomas and Uber Cup Final, calling it a "big setback" for the sport.
They are sceptical about execution of recent reforms govt has announced.
A major criticism of the new law is that it can become an instrument of abuse as it confers the tax enforcement authorities with strong discretionary powers, says Paranjoy Guha Thakurta.
Economists caution that the underlying cause could be an alarming drop in demand -- something that's not good for economic growth.
The survey also showed that both input and output prices rose at a slower pace during the month.
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
Recent reform measures announced by the government expected to boost the sector.
Prime Minister Narendra Modi is set to meet top Australian business leaders, including BHP Billiton CEO Andrew Mackenzie and HSBC Bank Australia CEO Tony Cripps, at a roundtable in Melbourne next week.
This is the third instance when outsourcing of key oversight jobs by global banks to India has come under the regulatory scanner abroad for ineffective controls against suspicious financial transactions.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
A formal sector worker can contribute towards pension scheme till the age of 58.
Weak PMI gives rise to fears of sub-8 per cent economic growth for the third quarter in a row.
Interview with first woman president of the Ficci country head of HSBC India.
She is also a recipient of the country's prestigious civilian award Padma Shri for her contribution to trade and industry.
The rupee was largely rangebound for most of the trading day in the absence of any major cues ahead of the Reserve Bank of India's rate-setting meeting next week.
