RBI, Govt reach broad consensus on MPC composition: Raghuram Rajan

RBI governor Dr. Raghuram Rajan has said that the apex bank and the government have reached a broad consensus on the structure and composition of Monetary Policy Committee, MPC.Addressing a press conference after announcing the third Bi-monthly Monetary Policy in Mumbai today, Mr. Rajan said there i...

Fall in Crude, commodity prices best chance to curb inflation: Rajan

RBI Governor Raghuram Rajan today said that India must take advantage of a continuing plunge in crude oil and other commodity prices to sustainably choke inflation. Addressing the customary post-policy conference call with analysts in Mumbai today, Dr. Rajan said it is the best time to bring down in...

Govt in process of formulating Uniform Code for Pharmaceutical Marketing Practices

The Government is in the process of formulating a concrete Uniform Code for Pharmaceutical Marketing Practices aimed at reducing unethical practices. Replying to a supplementary during the Question Hour in the Lok Sabha, Chemicals and Fertilizers Minister Ananth Kumar said the uniform code which is ...

RBI's decision to maintain status quo on policy rates indicates guarded approach: CII

Confederation of Indian Industry, CII today said RBI's decision to maintain the status quo on policy rates indicates a guarded approach towards monetary easing to restrain inflationary expectations. Reacting to the decision, Director General of CII Chandrajit Banerjee said the policy of fro...

RBI to announce 3rd bi-monthly monetary policy review for 2015-16 today

Stock market in Greece plunges nearly 23 percent

Across in debt-ridden Greece, the key stock index had plummeted nearly 23 percent in early trade, as that country's stock market reopened after being shut for five weeks. The National Bank of Greece, the country's largest commercial bank, has plunged 30 percent, the maximum daily l...

Athens Stock Exchange to re-open today five weeks after Greece imposed capital controls amid debt crisis

Athens stock market will reopen today after a five-week shutdown. The reopening of the market comes after senior European Union and International Monetary Fund auditors held their first meetings with Greek ministers to finalise the new three-year 86 billion Euros bailout package plan. The resumption...

India foils UK Company's bid to patent use of turmeric, pine bark and tea

India has foiled a British Company's bid to patent use of turmeric, pine bark and tea for treating hair loss and succeeded in protecting its traditional knowledge.The UK based company Pangaea Laboratories Limited had filed patent application at European Patent office in February, 2011 on a ...

SEBI cautions small investors against 'risky' gains

India to produce at least a dozen billionaires by 2020: Assocham

India is likely to produce at least a dozen more billionaires by 2020 as the country's start-ups scene hots up, an Assocham study has projected. The study said India will be among the top Asian start-up giants, along with China and South-East Asian countries. It also said that even as struc...