A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
Chairing an exclusive roundtable with 42 global CEOs and top executives from across 20 sectors, Modi stressed on continued political stability in India, predictability of policy, and pro-development and pro-growth policies.
Most positives seem to be factored into current valuations.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
'If she contests it, then these people will have to fight it in court.'
Strategic direction post-COVID-19 and further details on asset monetisation are key expectations from the 43rd AGM of RIL, analysts said.
'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.
Many offer personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
Though the sum was nowhere close to the big-ticket monthly purchases seen during the 2004-2008 bull run, it is significant, as it confirms the reversal of a selling spree that began in September 2013.
Deficits could come under more pressure in coming years as states implement their own Pay Commissions.
Cairn tax demand has not reduced investors' enthusiasm: Jaitley
None of the Big Tech companies or tycoons appears to be playing a meaningful role in the testing, spread, cure, or eradication of the virus or even in contact tracing so far, says Prosenjit Datta.
Summary of sports events and persons who made news on Tuesday
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
Companies are ranked by total revenues.
Move aimed at giving more headroom to foreign investors.
Germany will retain their World Cup title in Moscow to equal Brazil's record of five wins in the tournament, according to a Reuters poll of financial specialists more used to predicting market moves.
SBI said it provided credit to Orbital ATK Inc as part of a syndicated deal with other banks.
The much-awaited offer is also seen as a test case for revival of big-ticket sales in the primary market.
When selecting investments, pay attention to potential return, risk and how easily you can exit it.
Will the 6 per cent inflation target be met?
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.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
Women can now choose between freezing their eggs to opting for surrogacy and adoption.
The MF Industry had a cash-rich 2014 as it crossed the Rs 3 trillion mark.
"Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!" Trump said in a tweet.
These include Goldman Sachs, HSBC, UBS, Deutsche Bank, Barclays, RBS, Citigroup and JP Morgan and they have said in their respective regulatory filings that they are cooperating with the relevant authorities in the investigations.
Automobile sector accounts for the third-highest equity mutual fund contributions.
The rupee gained for the second day, adding 32 paise to close at a fresh two-month high of 61.07 against the dollar amid a rise in local equities and sustained capital inflows.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
India's growth presents a win-win partnership for the country and the US, and American companies have a great opportunity to contribute to that, Modi told the CEOs.
Disposals also likely, clients to be cut -CEO memo to staff
The sharp fall in rupee since the beginning of May will make things difficult for the central bank which is on the path of easing the monetary policy to revive growth.
The FTSEurofirst was on course for its worst one-day per centage fall since it slumped more than 7 per cent in October 2008
Further outperformance hinges on pickup in industrial activity, buying by local investors.
'Macro headwinds are rising for Indian equities in the form of rising commodity prices, especially oil, depreciating rupee, fiscal challenges, election-related uncertainty and upside risks to inflation'
Gautam Adani, promoter of Adani Power Ltd, has a reason to relax, even as the power arm of his group of companies continues to make losses for an eighth straight quarter.
