Business
Making a strong case for rate cut by RBI later this month, Finance Minister Arun Jaitley today said monetary policy plays an important role in stimulating growth and is hopeful that it will appropriately act with a sense of responsibility on this front. RBI Governor Raghuram Rajan is scheduled to announce his next monetary policy […]
Markets gained for the second day as the benchmark BSE Sensex rallied 255 points to close at nearly three-week high of 26,218.91 while the NSE Nifty hit the 8,000-level on rate cut hopes after the US Fed decided to hold off on raising rates. Furthermore, the rupee rebounding 74 paise to 65.72 against the dollar […]
Promising more reforms, Finance Minister Arun Jaitley on Thursday said efforts are being made to “put to sleep” pending taxation issues to attract investments and make fundamentals of the economy sound so that it can withstand the global turmoil. Addressing a gathering of industry leaders at the India Economic Convention 2015, the Minister said a […]
Markets remained decidedly subdued as the benchmark BSE Sensex traded lower by over 141 points and the broader Nifty fell 47 points following weak Asian cues. Sentiment was cautious ahead of the much-anticipated US Fed’s 2-day policy meeting starting tomorrow, as investors preferred profit-taking despite positive CPI data released after market hours yesterday. Consumer price […]
Promising the fairest tax regime and a stable policy environment, Finance Minister Arun Jaitley today invited US businesses to take advantage of the huge investment opportunity in the infrastructure sector and raise bilateral trade to USD 500 billion. The minister said global financial turmoil was not a problem for the country as the savings on […]
Today Prime Minister Narendra Modi inaugurated a new terminal at Chandigarh airport. It will handle both domestic as well as international flights. The terminal was dedicated to the nation the modern facility, which is expected to boost the economic and industrial development in Punjab, Haryana and Himachal Pradesh. The ambitious Rs. 939-crore project, which will […]
The rupee trimmed its initial losses but was still down by 20 paise to 66.61 against the greenback on weak domestic equities and sustained dollar demand from importers amid higher dollar overseas. The domestic unit gave up its overnight gains and resumed sharply lower at 66.72 per dollar as against yesterday’s level of 66.41 at […]
Today Prime Minister Narendra Modi asked the industry to take risks and step up investments especially in job-creating sectors as his government looks to perk the economy by boosting spending and attracting global capital with improving ease of doing business. A meeting of the industry and business leaders, bankers and economists called by the Prime […]
Market benchmark BSE Sensex breached the 25,000-level today after crashing 308 points to 24,893.81 — its lowest closing in 15 months — on reports of a deficit monsoon and rupee falling to a fresh two-year low, while continued selling on China-fuelled worries also weighed. During the day, the rupee had fallen to 66.85 against the […]
The slide show is back for markets as the benchmark BSE Sensex slides down over 562 points to 25,201.90 — its weakest closing in nearly 14 months — amid lacklustre global cues following caution over US payrolls data. A strong set of non-farm jobs numbers, analysts say, is expected to cement Fed’s stance for a […]
