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India Ranks 5th in Wealth Report 2013 With 122 Billionaires

According to Knight Frank's Wealth Report 2013 India has grabbed the Fifth spot following US, China, Germany, UK among the top 10 wealthy nations list with 122 billionaires.

Mar 16, 2013

Akshay Kumar is Highest Taxpayer in Bollywood, Beats Salman and Shahrukh

Akshay Kumar is turning out to be the new king of Bollywood. After delivering a series of hits at the box office, the actor has now become the highest tax payer in Bollywood beating all the three Khans

Mar 20, 2013

Money Laundering: RBI Governor Admits the Need for Corrective Action

Hit hard by money laundering allegations on India's major private banks - HDFC, ICICI and Axis - Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Friday said that there is need for corrective action to prevent such illegal activities in the country.

Mar 23, 2013

Saradha Chit Fund Scam: Why Mamata Reacts, not RBI?

The chit fund company has, no doubt, defrauded thousands of investors, including the poor and to portray herself as pro-poor, Mamata reacted rather abruptly creating a ₹500-crore fund to help these investors. More than helping the poor, the CM's move brings into question how such frauds should be dealt with in future, both by the government and the regulator, here the RBI.

Apr 25, 2013

Sense v6.0 UI Update Now Seeding to HTC One (M7) in India; Brings Extreme Power Saver Mode and Other Features

HTC One Goes on Sale in India for ₹42,900

HTC One sports a 4.7-inch Super LCD 3 screen with 1920x1080p display resolution and has pixel density of close to 468 ppi (pixel per inch), which is one of the highest display resolution in the smartphone industry. Other specifications include Android v4.1.2 Jelly Bean OS, Qualcomm Snapdragon 600 series quad-core processor with 1.7GHz CPU speed, 2GB RAM and 32GB internal memory.

May 17, 2013

India and China's Rating Fall; Corruption and Scandals Take Toll on Nations' Image

India and China have been seen as future super powers by the world but their positive views have taken a dip over the last year, according to a recent poll conducted by GlobeScan along with Program on International Policy Attitudes (PIPA) for BBC World Service.

May 24, 2013

a-visitor-takes-photos-of-tv-sets-made-with-lg-display-flat-screens-at-an-exhibition-in-goyang-north-of-seoul-october-15-2009

Govt to Impose 36.05% Import Duty on Flat Screen TVs from 26 August

Imports of LED/Plasma/LCD television screens by air travellers will be levelled with 36.05 percent customs duty at the Indian airports from August 26 onwards, as per a government notification.

Aug 20, 2013

Indian Rupee Continues to Plunge, Could Touch 70 against Dollar, Says Report

The Indian rupee has been continuously falling of late despite Reserve Bank of India's intervention, The currency is unlikely to recover soon with a report by Deutsche Bank predicting that it is could touch 70 against the US dollar in a month's time.

Aug 22, 2013

An employee counts rupee notes at a cash counter inside a bank in Kolkata.

Battered Rupee Expected to Bounce Back; Rating Agencies Give Positive Outlook on Indian Currency

The Indian rupee that breached 65 to the dollar mark on Thursday created market panic with rumours floating that it would fall even further in the near future but latest reports suggested it would bounce back in a few months' time.

Aug 24, 2013

Indian Rupee Hits New Low; Did Food Security Bill Trigger Sharp Fall?

In what could be seen as a repercussion of Food Security Bill passed by parliament on Monday, the Indian rupee touched a new low of 65.93 to the dollar on Tuesday, breaching the 65.56 record witnessed last week.

Aug 27, 2013

Sensex Surges over 400 Points as Rupee Rebounds from Record Low

Indian stock markets surged on Thursday, with Sensex gaining more than 400 points and the Nifty closing above its psychological 5400 level, as the rupee rebounded from a record low against the US dollar.

Aug 29, 2013

Indian Stocks End Higher; Consumer Durables, Banking Shares Gain

Indian stock markets surged for a second straight session on Friday, helped by gains in consumer durables, healthcare and banking sector shares.

Aug 30, 2013

Union Petrol and Natural Gas Minister Veerappa Moily (a file photo of PIB)

‘Fuel Curfew at 8 pm’ a Desperate Proposal by Oil Minister? Latest Reactions

The Prime Minister's Office on Monday rejected oil minister Veerappa Moily' proposal to shut down petrol pumps across the country after 8 pm.

Sep 2, 2013

Airfares Hike by 25%, International Travel Turns Cheaper than Domestic

Air travels to domestic destinations have now turned more expensive than a plane ride to Bangkok. Indian-owned have airlines recently raised their fares by a steep 25 percent due to increase in fuel costs and deprecating rupee.

Sep 5, 2013

raghuram-rajan-addresses-a-news-conference-at-the-banks-headquarters-in-mumbai-reuters

Raghuram Rajan Takes Over RBI Chief Role with Inspired Confidence: Full Statement

Raghuram Rajan, who took charge on 4 September as the chief of India's Central Bank, is all set to target plunging rupee, bad bank loans and free up the bonds and currency markets to revive the current economic situation.

Sep 5, 2013

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