In line with a weak stock market where benchmark Sensex plunged nearly 300 points, as many as 263 stocks hit their respective one-year lows on BSE on Monday.
Recently, Prime Minister Manmohan Singh had also ruled out the possibility of India witnessing a repeat of the 1991 balance of payments crisis and reversing the path to globalisation of economy.
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Top sources in RBI blamed 'unwarranted rumours' about controls on foreign institutional investors' money to the nearly 770 point drop in the benchmark Sensex and rupee dipping to its lowest levels.
Stability in currency markets was only restored from September.
A more effective promotion of domestic manufacturing and mining could significantly reduce the trade deficit in key sectors, says T N Ninan.
Comparing a state like Kerala with a nation like Somalia shows disconnect unbecoming of a prime minister, says Uttaresh Venkateshwaran.
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Analysts see FY16 CAD at 0.5-0.6% of GDP.
High-networth individuals and domestic funds from India are eyeing a slice of the much-touted mega IPO of Chinese e-commerce giant Alibaba, which looking to raise an eye-popping $21.1 billion.
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.
The new system would be especially beneficial for Qualified Foreign Investors.
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
Activist Teesta Setalvad on Monday recorded her statement before the CBI in connection with a case against her firm for alleged violation of FCRA.
EPFO has recently issued Universal PF Account Numbers for 4.17 crore contributing members.
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially the multitudes that truly constitute India, something to smile about, says Sudip Bandyopadhyay.
The Panama verdict will decide how Pakistan handles its leadership problems.
The Reserve Bank left interest rate unchanged.
This licence will further enhance the niche role Doha Bank is playing and facilitating the movement of trade between Qatar and India.
Why are far right Hindu organisations growing in strength? Why is there a rising subscription to Neo-Wahabism, the Saudi Arabian version of contemporary Islam?
'It is to be fervently hoped that a person as rational and brilliant as Hamid Ansari will not be allowed to wilt and simply wither away.'
The NGO had given donations to an allied entity of RGF in 2011 which engages in promoting girl education and providing money to needy for meeting hospital expenses.
The probe agency sought nine days further remand of Michel for his custodial interrogation saying he was not cooperating in the investigation of the case.
National Disaster Management Authority had in 2016 suggested assistance offered as a goodwill gesture 'may' be accepted.
The government in Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number to avoid individuals using multiple PANs to evade taxes.
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
According to Subbarao, the pressure on the currency was inevitable.
Rupee movement, global cues key for stocks this week: Experts
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 soon and may double from present levels by the end of the year. Rajesh Bhayani reports.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
'We do India great disservice if we continue to perpetuate a flawed narrative on trade, one based on myths rather than facts,' says Hardeep Singh Puri.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
The key reason for the country's stagnating exports is its failure to build a strong manufacturing base, says T N Ninan.
Includes those dealing in high-value property and petrol pump owners
State-run Bank of Baroda and Oriental Bank of Commerce are among those facing scrutiny.
With trade deficit falling 24% in Apr-Dec and stable capital flows, FY14 may end with a balance-of-payments surplus.
Indians must remember that Pakistanis hate losing to India, at war or in cricket, says Sanjeev Nayyar.
Promoters, who have a higher degree of accountability and public responsibility, should share more details about themselves.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
It is important to establish a professional boundary with your friend at work.
In a breather to social activist Teesta Setalvad and her husband, the Bombay high court on Friday granted the duo 17-day interim relief from arrest in a Central Bureau of Investigation case alleging that her company received Rs 1.8 crore from abroad without mandatory approval from Centre.
The rupee appreciated further on Thursday, adding 106 paise to 66.01 against the dollar, after steps taken by new Reserve Bank of India Governor Raghuram Rajan to attract US currency inflows boosted market sentiment.
