Moderation in inflation ups case for interest rate cut: Mayaram

Ahead of RBI's monetary policy meet, Economic Affairs Secretary Arvind Mayaram on Wednesday, said signs of moderation in inflation have strengthened the case for a cut in interest rates to boost economic growth.Mayaram is in Davos to attend the annual World Economic Forum meeting at Alpine ...

Venezuela announces measures to address foreign currency crisis

Venezuela has announced measures to address its foreign currency crisis and boost the economy. Oil Minister Rafael Ramirez says Venezuelans travelling abroad will no longer be allowed to obtain foreign exchange at the official rate of 6.3 Bolivars per US dollar.They will have to pay a higher rate de...

Terror & violence free environment pre-requisite for dynamic economic ties with Pak: Sujata Singh

India on Wednesday said that terror and violence free environment is a pre-requisite for dynamic economic activity with Pakistan.Addressing a conference on Normalising India-Pakistan Trade, Foreign Secretary Sujatha Singh said that New Delhi is ready to move ahead on the bilateral trade but trade an...

Pak Businesses want their govt to reciprocate to India: E M S Natchiappan

Businesses in Pakistan want their government to reciprocate to India through non discriminatory trade regime, Minister of State for Commerce & Industry E M S Natchiappan said on Wednesday.Speaking after inaugurating the 3rd edition of India Engineering Sourcing Show -IESS in Mumbai, E M S Na...

Moody's Analytics says, the worst is over for India's economy, though growth may reach its potential only next year and GDP expansion is likely to touch 5 to 5.5 per cent this year.It is likely to be more than 6 per cent in 2015. The agency said today in a report titled, '...

Rupee gains 17 paise against USD in early trade

The rupee rose by 17 paise to 61.45 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange market on increased selling of the American currency by exporters amid sustained foreign capital inflows.Forex dealers said a higher opening in the domestic equity market also suppor...

RBI sets up panel to review functioning of bank boards

The Reserve Bank of India today set up an eight-member panel to review functioning of board of banks and examine 'fit and proper' criteria for directors, including their tenure.The Committee, to be headed by former Axis Bank Chairman P J Nayak, will analyze representation on bank b...

Sensex gains 141 points to close at 21,205

Snapping two days of losses, the Sensex at the Bombay Stock Exchange gained 141 points, to close at 21,205, on fresh buying by investors, today. The Nifty at the National Stock Exchange climbed 42 points, to 6,304.But stock markets in Japan, China, Hong Kong and Singapore declined between 0.6 percen...

Sensex gains141 points to close at 21,205

Snapping two days of losses, the Sensex at the Bombay Stock Exchange gained 141 points, to close at 21,205, today. The Nifty at the National Stock Exchange climbed 42 points, to 6,304.

Rupee down by 5 paise to 61.59 vs dollar

The rupee trimmed its initial losses, but was still trading down by 5 paise at 61 rupees 59 paise against the dollar in late morning deals today. This was attributed to demand for the green currency on the back of higher dollar overseas. After shedding 1 paise to close at 61 rupees 54 paise on Frida...