India has deferred the talks with the European Union on the proposed free trade agreement, expressing disappointment and concern over the EU banning sale of around 700 pharma products.
ICICI Bank on Wednesday hit the US dollar debt market with a benchmark issue, under which it plans to raise up to $500 million, market sources said.
India's dominant service industry sector returned to a modest growth rate in July, a private survery revealed on Wednesday, but the improvement is unlikely to change expectations that the Reserve Bank could cut interest rates again before the year-end.
Continuing its losing streak for the third consecutive day, gold tumbled by Rs 110 to Rs 25,020 per ten grams at the bullion market on Wednesday, largely in tandem with a weakening global trend amid subdued demand from jewellers.
The BSE Sensex and Nifty rose by nearly 1% on Wednesday, heading for their highest close in nearly a fortnight, led by gains in software exporters as investors seeking bargains bought into beaten down stocks.
Australia’s federal court on Wednesday overturned the government's environmental approval for the Adani Group to build one of the world’s biggest coal mines on scrubland facing the Great Barrier Reef in a major setback for the Indian conglomerate.
The Reserve Bank of India (RBI) and the government have reached an agreement which incorporates all the “necessary requirements of a good monetary policy committee”, governor Raghuram Rajan said in an interaction with financial newspapers after the monetary policy review on Tuesday.
The benchmark BSE Sensex rose sharply over 213 points in early trade on Wednesday powered by capital inflows by foreign funds and buying by retail investors amid a strong Asian trend.
Recovering from initial losses, the rupee closed on Wednesday barely steady at 63.75 against the US dollar.
Bharti Airtel Ltd, posted a 40% rise in quarterly net profit, helped by a one-time gain from the divestment of some of its tower assets in Africa.
Call drops could soon reduce, with the Cabinet likely to approve the guidelines for spectrum sharing and trading on Wednesday. Operators may be required to pay a one-time fee for both, sources said.
The Reserve Bank of India (RBI) on Tuesday kept its lending rate—the repo rate—unchanged at 7.25%, ignoring a chorus of calls from government officials and business leaders for cheaper loans to aid investment and household spending.
Taiwan’s billionaire businessman and Foxconn founder Terry Gou and his 30-member delegation met Union communications minister Ravi Shankar Prasad and secretaries of six ministries on Tuesday to thrash out an investment proposal that sources said could be worth $20 billion (`12,800 crore).
Continued impasse in Parliament is delaying passage of key bills like GST which are crucial for economic growth, industry body CII said on Tuesday.
Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday hinted that the central bank may cut interest rates before the next policy announcement on September 29, depending upon macroeconomic indicators.