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  • 3 held for theft at Satyarthi's house;Nobel citation recovered

    Three persons have been arrested in connection with the theft of Nobel Prize replica, citation and ornaments from Nobel Laureate Kailash Satyarthi's house in southeast Delhi's Kalkaji area.

  • Markets price in more easing by RBI, see risk in policy shift

    Markets price in more easing by RBI, see risk in policy shift

    On Tuesday, Patel and the newly formed monetary policy panel cut the policy rate by 25 basis points and softened the RBI's stance on the timeline for meeting its inflation target, indicating that it had until 2021 to reach it.

  • CBI to probe Mumbai blasts accused's murder, Chhota Rajan named

    CBI to probe Mumbai blasts accused's murder, Chhota Rajan named

    The CBI has taken over the probe into the murder of Hanif Kadawala, an accused in the 1993 Mumbai blasts case who gave an AK-56 rifle to actor Sanjay Dutt, and registered a case against gangster Chhota Rajan and his accomplices in this regard.

  • This should be Urjit Patel's agenda as RBI Governor: Experts

    This should be Urjit Patel's agenda as RBI Governor: Experts

    Governor Rajan, in effect, believes what the RBI act says that the role of the central bank and the governor is to protect the value of the rupee, to ensure that it does not inflate more than the limit allowed by the parliament. So inflation control is willy-nilly the foremost on the new governor's agenda. What else is on his to do list?

  • Dr Patel checks in at RBI to complete Rajan's 'deep surgery'

    Dr Patel checks in at RBI to complete Rajan's 'deep surgery'

    Urjit Patel, the new Governor of RBI who has maintained a contrasting low-profile to outspoken and rockstar-like Raghuram Rajan, has his immediate task cut out -- finishing the 'unfinished agenda' of his predecessor on completing 'deep surgery' of banks and winning the war on inflation.

  • RBI's corporate bond mkt reforms: 'Mini bang' and what's left

    RBI's corporate bond mkt reforms: 'Mini bang' and what's left

    He may have a week left at RBI, but Raghuram Rajan has managed to fire another reform salvo – a bunch of steps to broaden and deepen the corporate bond market last week.

  • Under India's incoming RBI boss expect less chat,unified message

    Under India's incoming RBI boss expect less chat,unified message

    Meetings go on to this day, but out went the kind of private chats that could unsettle markets, occurrences that became known as "open mouth operations", as opposed to open market operations the RBI carries out.

  • After Raghuram's Rajan Raaga, it's Urjit's Patel Rap at RBI

    After Raghuram's Rajan Raaga, it's Urjit's Patel Rap at RBI

    As the Mint Street readies for a new sheriff, industry and markets want much more than a change in the quintessential signature on currency notes when a soft-spoken but effective Urjit Patel takes over from an outspoken and rockstar-like Raghuram Rajan.

  • Former governor Subbarao admits to 'inaction' for NPA mess

    Former governor Subbarao admits to 'inaction' for NPA mess

    Admitting that the "action or inaction" of RBI during his tenure could have been among reasons for the present bad loan crisis, former governor D Subbarao today said he should have addressed those issues.

  • RBI may hold rates on Aug 9, FY17 growth likely at 7.4%: UBS

    RBI may hold rates on Aug 9, FY17 growth likely at 7.4%: UBS

    According to the Swiss financial services major, slowdown in real GDP growth in 2016-17 is likely and it expects growth of around 7.4 percent in 2016-17 after the 7.6 percent recorded in 2015-16.

  • Post Rexit, markets surge on back of billion dollar-plus inflows

    Post Rexit, markets surge on back of billion dollar-plus inflows

    A little over a month ago, the Indian market was fretting over the impact of the announcement of popular Reserve Bank chief Raghuram Rajan who announced he would not seek a second term.

  • India reasonably better placed among world markets: Citi

    India reasonably better placed among world markets: Citi

    There is an element of mistaken euphoria in many global assets classes, says Willem H Buiter, Global Chief Economist at Citi, adding, current equity valuations worldwide are not justified based on earnings growth seen ahead.

  • Rajan's work cannot be forgotten, but Rexit hit ltd: Madhu Kela

    Rajan's work cannot be forgotten, but Rexit hit ltd: Madhu Kela

    Madhu Kela of Reliance Capital firmly believes there is huge amount of money, both with local and global investors, waiting on the sidelines and investments will begin as earnings growth gathers momentum and monsoon pans out as expected.

  • Rajan's exit: Why stock markets will move on

    Rajan's exit: Why stock markets will move on

    This is a market in which smart money is so hungry for bad news (so that it gets an opportunity to buy cheap) that the first major correction (if any) will be lapped up by both hands, writes Anuj Singhal.

  • Politically difficult to fast-tract structural reforms: Rajan

    Politically difficult to fast-tract structural reforms: Rajan

    Delivering a lecture on "The Global Economy and India" here, the former Chief Economist of IMF said new rules need to be evolved for international monetary policy and called for the emerging markets like India to "speak up and raise their voice louder" to have a say in setting the global agenda.

  • We don't know whether Rajan will be reappointed: JPMorgan

    We don't know whether Rajan will be reappointed: JPMorgan

    Jahangir Aziz of JPMorgan said that it is too premature for the markets to take cues from the frenzy surrounding RBI governor's reappointment. It all depends on who replaces him, he said.

  • NPA probes to identify criminality, not chill lending: Rajan

    NPA probes to identify criminality, not chill lending: Rajan

    The Governor said it is important that this kind of investigation should not be done through the press, adding, "I think it does tend to create an environment which is not conducive to investigation".

  • More steps in offing to empower banks to recover bad loans: FM

    More steps in offing to empower banks to recover bad loans: FM

    As on September, the gross NPAs of PSBs have increased to Rs 3.01 lakh crore as against Rs 2.67 lakh crore in March.

  • Wealth disparity continues to hurt economic growth: Oxfam report

    Wealth disparity continues to hurt economic growth: Oxfam report

    The report says that in 2015, 62 billionaires together held as much wealth as 3.5 billion people put together -- that's the bottom 50 percent of the world's population. Also, the wealth of these 62 billionaires rose 44 percent between 2010 and 2015.

  • See no rate cut; can meet Jan '16 inflation target:Deutsche

    See no rate cut; can meet Jan '16 inflation target:Deutsche

    Taimur Baig of Deutsche Bank expects Reserve Bank Governor Raghuram Rajan to hold steady on policy rates today, highlighting there's no need to cut rates based on GDP figures.

  • Chhota Rajan will be brought to Mumbai: Fadnavis

    Chhota Rajan will be brought to Mumbai: Fadnavis

    Rajan, who was arrested in the popular tourist city of Bali on his arrival from Australia on October 25, is expected to be produced soon before an Indonesian court where the police will submit details of the cases for which he is wanted in India.

  • Banks set to become less profitable; some need to die

    Banks set to become less profitable; some need to die

    In any industry, increase in competition thins margins. In banking, the number of players is set to increase from 45 in 2014 to 66 by 2016, which is a 45 percent rise in the number of competitors.

  • Looking into suspected BoB money laundering case:RBI Dy Guv

    Looking into suspected BoB money laundering case:RBI Dy Guv

    Bank of Baroda has suspended two employees at the branch involved in the case, and has said as far as it was aware any loss would be insignificant as a result of the case.

  • Expect India to deliver 15-18% returns in 3-4 yrs: JPMorgan

    Expect India to deliver 15-18% returns in 3-4 yrs: JPMorgan

    At a time when volatility-hit street is hinting at jettisoning equities in favour of fixed income, JP Morgan believes equities will beat all other asset classes in 3-5 years.

  • Inflation debate: Who is right between CEA and RBI Guv?

    Inflation debate: Who is right between CEA and RBI Guv?

    The government's two five-star economists Raghuram Rajan, of the Reserve Bank, and Chief Economic Advisor Arvind Subramanian, seem to be poles apart when it comes to their readings on inflation.

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