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Rupee rises to over 1-month high, ends at 61.87/$

Jan 16, 2015 at 19:50 | Source: FirstPost

Mumbai: The Indian rupee today appreciated for the second straight session and rose 19 paise to log its over one-month closing high of 61.87 against the Greenback following sustained dollar selling by exporters and capital inflows in local shares.How...

Supreme Court allows Sahara to raise loan for boss's bail

Jan 11, 2015 at 02:15 | Source: FirstPost

NEW DELHI (Reuters) - The Supreme Court has cleared the way for embattled conglomerate Sahara to raise $1.05 billion in fresh loans backed by its overseas hotels, helping the group to fund the bail it needs to release its jailed boss.Sahara Chairman ...

Infosys Q3 profit up 13 percent, beats estimates

Jan 10, 2015 at 23:30 | Source: FirstPost

BENGALURU (Reuters) - Shares in software services exporter Infosys Ltd rose almost 7 percent on Friday after it surprised investors by sticking to its full-year sales target, thanks to healthy demand that helped offset the impact of a stronger dollar...

Rupee gains for second day, zooms by 50p at 62.67/$ to end at 4-week high

Jan 08, 2015 at 19:58 | Source: FirstPost

Mumbai: Rising for the second session, the Indian rupee today climbed by 50 paise to nearly four-week high of 62.67 against the greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.On Wedn...

Rupee gains 40 p to close at 63.17 per dollar

Jan 07, 2015 at 18:56 | Source: FirstPost

Mumbai: Bucking the weak trend in stocks, the Indian rupee today bounced back by 40 paise in its sharpest single-day gain in three weeks to end at 63.17 against the Greenback on fresh dollar selling by exporters and some banks.Besides, talk of foreig...

Rupee falls 16 p against the greenback to over one-week low

Jan 06, 2015 at 18:21 | Source: FirstPost

Mumbai: Tracking a steep fall in local share market, the Indian rupee today washed out initial gains and ended with a loss of 16 paise at over-one week low of 63.57 against the Greenback.Besides, the euro sank against the dollar to the lowest level i...

Pakistan terror boat: The smuggling theory doesn't hold much weight

Jan 05, 2015 at 20:26 | Source: FirstPost

Do we believe the doubts raised by some newspapers, all based on unnamed sources, or the official version on the Pakistani terror boat put out by the defence ministry?The latter seems more credible, for reasons one will explain later.First, the known...

Pakistan terror boat: Why the smuggling theory doesn't hold much weight

Jan 05, 2015 at 19:40 | Source: FirstPost

Do we believe the doubts raised by some newspapers, all based on unnamed sources, or the official version on the Pakistani terror boat put out by the defence ministry?The latter seems more credible, for reasons one will explain later.First, the known...

Pakistan terror boat: Why the smuggling theory doesn't hold weight

Jan 05, 2015 at 18:10 | Source: FirstPost

Do we believe the doubts raised by some newspapers, all based on unnamed sources, or the official version on the Pakistani terror boat put out by the defence ministry?The latter seems more credible, for reasons one will explain later.First, the known...

Pak terror boat: Why the smuggling theory doesn't hold much weight

Jan 05, 2015 at 17:35 | Source: FirstPost

Do we believe the doubts raised by some newspapers, all based on unnamed sources, or the official version on the Pakistani terror boat put out by the defence ministry?The latter seems more credible, for reasons one will explain later.First, the known...

Pak terror boat: Why the smuggling theory does not really hold up

Jan 05, 2015 at 11:59 | Source: FirstPost

Do we believe the doubts raised by some newspapers, all based on unnamed sources, or the official version on the Pakistani terror boat put out by the defence ministry?The latter seems more credible, for reasons one will explain later.First, the known...

Reviving India's economy: 3 key developments to watch out for in 2015

Jan 01, 2015 at 09:25 | Source: FirstPost

2015 is going to be a crucial year for the Indian economy. Indians will bewatching whatNarendra Modi has up his sleeve to kickstart the investment cycle and revive the economy. However, here are three important events that willdrive the economy next ...

Fiscal deficit hits 99 pct of full-year target in November

Jan 01, 2015 at 00:33 | Source: FirstPost

NEW DELHI (Reuters) - India's fiscal deficit was 5.25 trillion rupees ($83.08 billion) during April-November, or 98.9 percent of the full-year target, government data showed on Wednesday.The deficit was 93.9 percent during the same period a year ago....

Rupee declines 2% against the dollar in 2014, falls for fourth year

Dec 31, 2014 at 18:40 | Source: FirstPost

Mumbai: Indian rupee today appreciated by 35 paise to end at two-week high of 63.03 against the greenback tracking firm equities and sustained dollar selling by exporters, but lost ground on an annual basis for the fourth year in a row.The rupee depr...

Will rupee fall or rise in 2015? Don't be surprised if it's the latter

Dec 29, 2014 at 15:49 | Source: FirstPost

This calendar year, now coming to an end, the rupee has lost less than some of the other emerging market currencies, losing around 3 percent against the US dollar since December 2013, as against the 6.5 percent loss of both the Malaysian ringgit and ...

Exclusive: India to reap $12 billion-plus budget windfall from oil slide - sources

Dec 15, 2014 at 01:15 | Source: FirstPost

NEW DELHI (Reuters) - A plunge of nearly half in oil prices could help Finance Minister Arun Jaitley reap a fiscal windfall of at least $12 billion when he presents his 2015/16 budget in February, two government sources told Reuters.The savings would...

Xiaomi's India smartphone ban exposes wider patent risk

Dec 14, 2014 at 22:15 | Source: FirstPost

MUMBAI/BEIJING (Reuters) - The court order that banned Chinese mobile maker Xiaomi from selling its phones in India has halted its breakneck expansion into the world's fastest growing major smartphone market and could be just the start of a string of...

A different kind of artwork in Kochi

Dec 06, 2014 at 00:15 | Source: FirstPost

Kochi, Dec 5 (IANS) Three currencies, three loudspeakers and three languages will combine to narrate a different tale of the value of numbers at the Kochi-Muziris Biennale (KMB) exhibition of contemporary art beginning next week.In a portrayal that p...

India invites Arab States to benefit from 'Make in India', invest in infrastructure

Nov 26, 2014 at 17:50 | Source: FirstPost

New Delhi: India has invited members of the 22-nation League of Arab States to invest in the country, notably in the infrastructure space, while also calling upon them to benefit from the 'Make in India' programme of Prime Minister Narendra Modi.&quo...

RBI needs to stop jewellers from cheating Indians with gold schemes

Nov 17, 2014 at 16:15 | Source: FirstPost

Indians losing due to the wiles and guiles of jewellers in India is as ubiquitous and commonplace as cyber crime in Nigeria. The customer is short changed on all fronts---weight, rate and purity with wastage charges being the icing on the cake for th...

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