India
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— Mahatma Gandhi
Live as if you were to die tomorrow. Learn as if you were to live forever.
— Mahatma Gandhi
The Reserve Bank of India has tightened reporting norms for resident Indians in overseas ventures. Indian investors will now have to report any post-investment changes in the company they have put money in.
The ongoing water scarcity in several parts of India, especially in Maharashtra, one of the most industrialized states in the country, is expected to affect the industrial production in the next 2-3 months. Index of Industrial Production may fall by 40-50 basis points.
Moody's also said that given India's larger net oil import bill, it can withstand a much greater fall in remittances
The rupee today dropped by 21 paise to end at 66.64 on fag-end dollar demand from banks and importers despite a sharp rally in domestic equities. Higher dollar in the overseas market mainly affected the rupee value against the dollar, a forex dealer said.
Gold prices on Wednesday dropped by Rs 200 to Rs 29,200 per 10 grams as the bullion market in the national capital reopened after an over six-week nationwide jewellers' strike, while silver rallied by Rs 1,400 to Rs 38,200 per kg on speculative buying.
Gold fell 1 per cent from the previous day's three-week high on Wednesday as European stocks jumped after upbeat Chinese trade data allayed concerns over the outlook for its economy and as the dollar regained some poise.
National airports operator AAI has asked Wadia Group airline GoAir to pay at least Rs 15 crore by Monday following its dues going up by more than its bank guarantee amount of over Rs 30 crore. GoAir's dues at present stand at Rs 45 crore, while its bank guarantee is ...
Wheat arrivals into India are likely to reach 2.75 million tonnes in the year to June 2017, according to the survey of 11 analysts and traders. Imports would have been even higher, but surplus stocks from a series of bumper harvests since 2007 are expected to help pick up some ...
xecutives from Reliance, BG and ONGC signed an agreement in New Delhi on Tuesday night - providing respite in a months-long battle between the partners over the cost of closing the Tapti field off India's west coast.
La inflación descendió un 0,4% comparado con el mismo mes de 2015 y en conjunto, la economía creció un 7,3% en el año fiscal 2014-2015. Leer
Sales of petrol were 21.6% higher from a year earlier at 2.05 million tonnes
Rupee can act as an enabler for export revival but there is no strong linkages between currency, trade performances, it said
It also asked what was the harm in revealing the magnitude of the default by big players alone.
The Central Board of Excise and Customs (CBEC) has decided to move the Supreme Court to vacate the stay granted by the Gujarat, Delhi and, more recently, Calcutta high courts on levy of service tax on legal services provided by senior advocates to other advocates and law firms.
Companies in sensitive sectors such as defence will continue to require RBI approval
India remains a bright spot against the backdrop of a sluggish global economy and will expand by 7.5% in 2016 and 2017 as forecast in October on strong growth and rising real incomes, the International Monetary Fund said in its economic outlook on Tuesday.