Dilip Shanghvi has never tried to be everything to everybody.
The convertibility is RBI Governor's 'next big ambitious goal'.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
Income from renting of properties is taxed at a flat rate of 10%.
ONGC is raising debt for a spate of acquisitions over the past year
They researched their companies well, didn't believe in the market chatter and advise to stay invested for long term.
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The economy grew at a four year low of 4.4 per cent in the April-June quarter of current year.
'I told the lady I was two months pregnant, but that did not seem to bother her.' A Ganesh Nadar/Rediff.com visits the infamous cages of Mumbai's oldest red light district, Kamathipura, to find out how human trafficking has given India the awful reputation of the nation with the highest slavery rates in the world.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
Rajan's deputy Khan cautions against early celebration of falling inflation, unhedged forex exposure.
Even though HMT has survived for over 50 years, it failed to find a new peg to sell itself even as later entrants captured market share.
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The eight-year-old online messaging service gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents, setting the stage for one of the most-anticipated debuts in over a year.
Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital.
Real estate sector cheers reforms in the Budget.
Sunil Bharti Mittal, bottom, left, says he is fond of Bill Gates' famous quote: "Success is a lousy teacher." Back from a long foreign business trip, the founder-chairman of Bharti Enterprises talks to Malini Bhupta and Kiran Rathee about the challenges posed by Reliance Jio and how he is determined to come out on top once again. Mittal says , today, Airtel is as ready as Jio in pure-play 4G operations.
Once a beggar, Renuka Aradhya's company has a turnover of Rs 30 crore and employs 150 people.
FM should avoid proposals such as to tax financial transactions and fringe benefits
Drones are of course, remotely controlled and modern ships are also chip-driven.
'I don't think anyone will invest crores of money just because I am Priyanka Chopra's sister.' Mannara makes a bold entry with Zid.
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It also painted a grim possibility of any major gains in the rupee during the current fiscal saying that the continuing global volatility, and domestic political uncertainty ahead of the 2014 hustings will limit chances of any significant appreciation apart from further impact growth.
Struggling, corrupt construction industry will be challenged by the prime minster's $250-billion plan
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The catalyst is the run on emerging market equities, but many investors are just tired of waiting for India to get its act together.
Prime Minister Narendra Modi on Tuesday said Australia will not be at the periphery of India's vision but at the centre of its thought, as he called for closer bilateral security cooperation and a comprehensive global strategy to tackle the menace of terrorism.
Bringing in the untapped informal sector into the formal one will benefit business.
Some make for good investment ideas even after a strong run-up but others could see gains fizzling.
Emerging markets could be affected by a combination of lower liquidity and higher dollar interest rates caused by a hike in the US Fed funds rate.
Mittal would travel in trucks with his consignments.
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
The Economic Survey was tabled in the Parliament on Friday.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
'We are dealing with a size of the world that equaled England and France combined. We are talking about 250 years of history.' Sultans of Deccan India, 1500-1700: Opulence and Fantasy -- a first of its kind exhibition anywhere in the world -- opened at the Met, April 20. Aseem Chhabra spoke to Navina Haykel, the curator of the show.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
'When I was staying in Teen Batti (in south Mumbai), I had one washroom and we were 10 people. Today I have three washrooms and I am the only one using all of them. Can you see the quantum leap that I have taken in life?' Jackie Shroff gets candid.
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