Don't panic, outlook for Indian IT sector is optimistic

Despite lay-offs and the threat of automation, the industry will continue to be an important driver of growth in employment and GDP, says Ashok Soota. There has recently been a lot of angst about......

Emerging markets should go for gold

As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns, says Kenneth Rogoff.     Are emerging-market central banks......

Rupee tanks 36 paise against USD as Iraq crisis worsens

The rupee fell on Wednesday as the worsening crisis in Iraq threatened to disrupt oil supplies but recovered from session lows after state-owned banks sold dollars, likely on behalf of the central......

Global super-rich hiding $21trn in tax havens

At least $21 trillion of unreported private financial wealth was owned by wealthy individuals via tax havens at the end of 2010. This sum is equivalent to the size of the United States and......