There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on Sept. 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier.
The benchmark BSE Sensex surged 161 points to settle above the 26,000 level as investors got down to creating fresh long positions in the new derivatives series amid a firming global trend following upbeat US data.
The rupee recovered marginally by two paise to 66.02 against the US dollar in early trade on Friday amid gains in stock markets.
Uncertainty and slow pace of economic reforms can come in the way of India's economic growth potential, Reserve Bank of India (RBI) governor Raghuram Rajan has warned, while listing out a raft of policy priorities which needed immediate attention.
At the height of the 2008 financial crisis, as Wall Street slashed jobs, Beijing took advantage of the disarray to poach top Chinese financial talent. The idea was to reform its stock markets.
In an attempt to break the impasse with the central trade unions (CTU’s) protesting against the government’s unilateral move to amend labour reforms, the finance minister Arun Jaitley-led inter-ministerial panel on Thursday offered a graded hike in the minimum wages of workers.
Prime Minister Narendra Modi has expressed concern over predatory pricing by domestic airlines, which is giving a bad name to the industry, minister of state for aviation Mahesh Sharma has said.
As the Narendra Modi government's flagship scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) completes one year on Friday with 174.5 million accounts and a total deposit of Rs 20,769.33 crore, the goalpost for banks is now likely to shift.
The apex consumer commission has imposed a cost of Rs one lakh on Godrej and Boyce Manufacturing Company Ltd penalising it for selling goods at more than maximum retail price (MRP), and also dismissing its plea challenging a state commission's order.
Competition commission has given a green light to the proposed Rs 750-crore multi-tier merger deal between Future Group and Bharti Retail.
Tracking a weak overseas trend and slackened demand from jewellers at prevailing levels, gold continued its losing streak for the third straight day and tumbled by Rs 380 to Rs 26,650 in Delhi on Thursday.
The benchmark BSE Sensex on Thursday staged a strong comeback and jumped 517 points -- its biggest single-day jump in two weeks -- to reclaim the 26,000-mark on gains in healthcare and realty stocks after the US Fed said a case for rate hike in September seemed "less compelling".
A strong rebound on Wall Street helped calm global markets after days of wild volatility, helping China's major stock indexes rise on Thursday.
The rupee recovered by 10 paise to settle at 66.04 against the American currency on fresh selling of dollar by banks and exporters amid a smart rebound in local equity markets.
In a bid to make tax filing easier, the Central Board of Direct Taxes (CBDT) is exploring to come up with a mobile app that is expected to let users connect and check their tax account wherever they are in the world.