Business
Google will soon help India set up base for free Wi-Fi at 500 railway stations while Microsoft will take low-cost broadband technology to some five lakh villages across that country as part of five key announcements made during the meeting the US top tech titans had with Prime Minister Narendra Modi. As the who’s who […]
Hit by month-end dollar demand from importers, the rupee today dropped by another 18 paise against the American currency to close at 66.16, extending losses for the fourth straight day, amid mixed global cues. Sustained foreign capital outflows also affected the market. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,330.12 crore yesterday, […]
Prime Minister Narendra Modi, who arrived here today on his second visit to the US, has a “packed schedule” ahead of him, during which he will address world leaders at a landmark UN sustainable development summit and interact with top CEOs and the Indian diaspora in the Silicon Valley. During his stay in the financial […]
Days before Reserve Bank Governor Raghuram Rajan unveils his bi-monthly monetary policy, Finance Minister Arun Jaitley on Monday asserted common sense says the interest rates should come down. Jaitley said inflation is “very much under control” and the country is better prepared than most emerging economies to weather the global economic turbulence. “Common sense says […]
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 […]
