Despite facing massive volatility and foreign fund outflows, the Indian equities markets managed to make gains during 2016 mainly on account of a fall in lending rates, further economic reforms, lower inflation and a healthy monsoon....
New Delhi, Dec 30 Queues were short and crowds thin here on Friday, the 50th day of demonetisation -- the day Prime Minister Narendra Modi's self-imposed deadline for normalisation of situation kicked in. The scenario was more comforting than earlier, with queues outside the banks and at ATM kiosks reduced by a considerable margin in compari...
The year 2016 has been the most momentous since India's Independence for the Reserve Bank on account of a trinity of events -- Raghuram Rajan's exit from the governorship, the decision on interest rates for the first time by a Monetary Policy Committee and the demonetisation of high-value currency last month....
Outgoing UN Secretary-General Ban Ki-moon will be the special guest at the Times Square in New York to help drop the square's famous crystal ball on Saturday night to usher in the New Year, UN officials have said....
The US Department of Defense has awarded Lockheed Martin with a $450 million contract to develop F-35 fighter jets for South Korea. ...
Indian equity markets soared during the mid-afternoon trade session on Friday as investors' sentiments wer...
The deadline to deposit old Rs 500 and Rs 1,000 notes in banks ends on Friday. From next week onward, those still holding the scrapped currency can deposit it only with the Reserve Bank of India till March 31, 2017....
The year 2016 has been the most momentous since India's Independence for the Reserve Bank on account of a trinity of events -- Raghuram Rajan's exit from the governorship, the decision on interest rates for the first time by a Monetary Policy Committee and the demonetisation of high-value currency last month....
With the Reserve Bank of India (RBI) indicating that there is going to be a shortage of currency notes, Kerala Finance Minister Thomas Issac on Friday said the withdrawal of December salaries could be a problem. ...
There will be no jail term for holding demonetised Rs 500 and Rs 1,000 notes, according to the ordinance that was approved by the Union Cabinet on Wednesday, official sources said....
