Oct 30, 2014 at 21:45 | Source: PTI
The finance ministry issued a circular today instructing government departments to cut discretionary spending by 10 percent. As part of these measures, it banned first class travel by government officials, meetings in five-star hotels, purchase of cars and froze new appointments.
Oct 29, 2014 at 08:43 | Source: Reuters
The central bank will come out with fresh set of guidelines for companies applying for on-tap bank licences, or rolling applications that are assessed as they come, in the current fiscal year ending March.
Oct 28, 2014 at 16:46 | Source: CNBC-TV18
Overall, analysts expect subdued set of results from Mphasis again. In Q1FY15, revenue of the company fell 3.5 percent quarter-on-quarter.
Oct 28, 2014 at 09:05 | Source: CNBC-TV18
"Our top-down view is that the consumer and auto sectors' risk-reward profiles are relatively unattractive. We are underweight on consumers and 2-wheelers and our least preferred stocks include United Spirits, HUL and Hero Motocorp," says Gautam Chhaochharia, UBS.
Oct 27, 2014 at 15:31 | Source: Moneycontrol.com
Insurance is the business of covering the probability of an individual getting sick or dying. In insurance lingo this probability is referred to as risk -- higher the risk higher the premium. A person with high risk paying low premium by withholding critical information is like travelling with a short journey ticket, which is liable for penalty.
Oct 26, 2014 at 13:05 | Source: PTI
While the house is set in order, Pradhan wants India, which spent USD 143 billion to import crude oil last year, to diversify its purchases to guard against geopolitical risks in some of the world's biggest suppliers.
Oct 25, 2014 at 13:46 | Source: Reuters
Many economists say nothing short of a large scale US-style bond-buying programme will revive the economy that is still suffering a hangover from the debt and banking crisis.
Oct 24, 2014 at 10:19 | Source: Reuters
The front-month contract of international oil benchmark Brent was down 61 cents at USD 86.22 a barrel by 0233 GMT. Brent settled USD 2.12, or 2.5 percent, higher on Thursday, its largest percentage gain in a day since June 12.
Oct 22, 2014 at 17:38 | Source: Reuters
The RBI's warnings signal its concern that unhedged firms could be a vulnerable link should global markets buckle. The central bank has worked hard to build up its defences after India last year weathered its worst rupee crisis in two decades.
Oct 22, 2014 at 09:01 | Source: CNBC-TV18
NS Venkatesh, IDBI Bank says ahead of the upcoming long weekend, traders will try and trim position to avoid any price/weekend risks.