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During the last 19 years, a small group of 917 individuals have generated approximately US$3.6-trillion of wealth globally. These self-made billionaires have collectively demonstrated vision
The World Bank has maintained its growth forecast for India at 7.5 percent for the current fiscal year (FY) - the same level it projected in June - although other multilateral agencies, as well as the Reserve Bank of India (RBI), believe that slower global growth will be a drag on the Indian economy going forward. “Resilient India” In its semi-annual South Asia Economic Focus…
Despite the theories about how trade has decoupled from foreign exchange, it seems that everybody loves a bargain; with global trade still following the traditional pattern of a rise in sales after a price cut.
A move that will boost prices for Indian bonds and earnings for equities Citing the need for more accommodative policy measures, the Reserve Bank of India (RBI) cut its benchmark rate by 50 basis points on Tuesday morning. The larger than anticipated rate cut follows three cuts of 25 basis points each, earlier this year, to sustain growth in the Indian economy, which remains the…
The Reserve Bank of India (RBI) surprised markets early on Tuesday morning, when the central bank cut its key benchmark rate by 50 basis points to 6.75 percent. RBI Governor, Raghuram Rajan, was in a visibly upbeat mood as he made the announcement. Investors also reacted positively to the news with the SENSEX Index trading up as much as 2.2 percent from its opening level…
The Reserve Bank of India (RBI) on Wednesday 16 September 2015 granted 10 entities in-principle licences to open so-called small finance banks—another move towards expanding access to financial services in rural and semi-urban areas: Ujjivan Financial Services Pvt. Ltd...
India insulated from economic fallout and will give better returns on investments. Singapore Highlights: Union Finance Minister Arun Jaitley said despite a global slowdown and its impact on...
India's tech industry paid more than US$ 22 billion in US federal, state, and local taxes in the 2011-2015 timeframe even as its US $2 billion investment in America supported more than...
Continuing its support to improve the railway infrastructure in the megapolis, the World Bank said it will continue to invest not only in improving the frequencies but also give priority to...
Iran offers gas at US$2.95 per million British thermal unit (MMBTU), India to invest Rs 1 lakh crore: Nitin Gadkari, Union Surface Transport & Shipping Minister

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