The new RBI Governor, Raghuram Rajan, attempts to open the floodgates of foreign capital into India. Banks that raise Foreign Currency Non-Resident (FCNR) ...
A number of online media sites are running stories of how the fall in the rupee is hurting real lives. Students in the UK write in to say they have to pay much ...
Vodafone just sold their holding in Verizon Wireless, back to Verizon, for a mighty $130 billion. And the deal has a very interesting structure. Vodafone’s ...
In a notification, banks have been told to watch all loans under “innovative” financing schemes which involve giving builders the full home loan amount ...
SEBI has decided to alter the circuit breaker limits for stock exchanges. Currently, market wide circuit breakers apply after a 10% change (1 hour), 15% change ...
The ex-chairman of NSEL, Shankarlal Guru, meets Zee News for an exclusive. He says he wasn’t aware of irregularities. That some people had told NSEL there ...
This is just a heads up. The fear is that something is happening in Syria. But these are rumours and the following could be an overreaction. Russia supposedly ...
It’s not just India. The Rupiah has fallen to 11,000 to a dollar, the lowest level since 2009. This part is scary: The nation’s trade shortfall was $2.3 ...
In what is definitely a temporary move, the RBI has cut the issuance of government bonds this Friday to just 10,000 cr. , down from the 15,000 cr. that was ...
India’s Manufacturing Purchasing Managers Index (PMI) came in below 50 for August 2013, the first sub-50 level (indicating contraction) since 2009. The ...
