India rejects credit agency cautioning chances of economy downgrade

Rajan says, protecting money & attaining low and stable inflation remain 2 most crucial objectives

The new RBI governor, Mr. Raghuram Rajan says protecting money and attaining low and stable inflation remain the two most crucial objectives. He said that Unique Identification number - Aadhar will be a foundation for building individual credit history. He has also promised to improve access to fina...

Govt rejects possibility of Indian economy being downgraded

Govt rejects possibility of Indian economy being downgraded

Rajan says, besides inflation control; RBI mandate is inclusive growth, development & financial stability<br/>

Govt rejects any chance of Indian economy being downgraded as warned by S&P<br/>

Rajan: No requirement for Banks to approach RBI for opening branches

The new Reserve Bank of India Governor, Raghuram Rajan has said that Banks will not be required to approach the RBI for opening branches. Talking to reporters after taking over the Governorship of the apex bank, he said in Mumbai that RBI will give outlook of new bank policies soon and Mr. Vimal Jal...

Gold surges Rs 660 in Delhi

Gold surged 660 rupees, to 32,200 rupees per ten grams at Delhi&apos;s bullion market, today, on sustained buying by stockists, driven by a firm global trend. Silver rose 70 rupees, to 55,500 rupees per kilo, on increased offtake by industrial units and coin-makers. Silver coins spurted 1,000 ru...

Sensex up 333 points to close at 18,568

The Sensex at the Bombay Stock Exchange surged 333 points, or 1.8 percent, to close at 18,568, today, on value-buying in blue-chips, amid a recovery in the rupee. The Nifty at the National Stock Exchange jumped 107 points, or 2 percent, to 5,448Stock markets in Japan, China, Hong Kong, South Korea a...

Gulf markets continue volatility amidst fears of military strikes on Syria

The Gulf markets continued the volatility in trade amidst fears of military strikes on Syria and the investors opted for short-term trades. Dubai&apos;s Index declined by 1.9 percent to 2,443 points but reached a high of 2,521 points in the opening minutes. Abu Dhabi&apos;s index shed 1.4 pe...