Brexit drags rupee lower, RBI tries to arrest steep fall
Britain's decision to opt out of the European Union (Brexit) exerted pressure on the rupee, even as a likely intervention by the country's central bank tried to ...
Business
Tata Sons told to pay $1.17 bn as damages to DoCoMo
Tata Sons, the holding arm of India's largest business conglomerate, has been asked by an international arbitration panel to pay $1.17 billion to NTT DoCoMo, a Japanese telecom firm, towards alleged breach of agreement by a group company.
...
Indian equities open deep in red ahead of Brexit result
Amid mixed predictions on the outcome of Britain's historic referendum on leaving or remaining in the European Union (EU), key Indian equity indices opened sharply lower on Friday, with a little over two hours left for the actual result, awaited anxiously the world over.
...
Chinese yuan strengthens against US
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, Xinhua news agency reported....
Now Swamy seeks Subramanian sacking, government backs its chief economic advisor
After his no-holds barred attack on the RBI Governor, BJP MP Subramanian Swamy on Wednesday picked on a new target -- demanding the removal of Chief Economic Advisor Arvind Subramanian. ...
For Rajan, clean-up in banks more important than growth
The clean up of a bank's balance sheet was more important than growth, as was evident from the lesson every other country that had faced financial stress learnt, Reserve Bank of India (RBI) Governor...
Government should infuse capital to enable banks to lend more: Rajan
The government should infuse capital in state-run banks to enable them to support credit growth, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Wednesday.
...
SpiceJet starts discount fare scheme
The scheme ‘Monsoon Bonanza Sale’ offers passengers with one-way base fare that starts from Rs 444 for its non-stop and via flights on its domestic routes....
SEBI approves BSE, NSE for electronic book mechanism launch
The capital market regulator on Tuesday approved stock market majors -- BSE and the National Stock Exchange of India (NSE) -- for launch of electronic book mechanism...
Hybrid-till airport tariffs will increase passenger charges: IATA
A global airlines' association on Tuesday raised concerns over a provision in the recently approved national civil aviation policy (NCAP) to ascertain airport tariffs....