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Raghuram Rajan, governor of Reserve Bank of India. (Reuters)

Raghuram Rajan Criticizes Srikrishna Committee Recommendations, Opposes Bringing All Regulators into One

Reserve Bank of India (RBI) governor Raghuram Rajan opposed recommendations in the BN Srikrishna Committee report, and termed merging of all regulators into one entity as "schizophrenic".

Jun 19, 2014

Bold Steps in Union Budget 2014-15? Report Suggests so

To control inflation, "bold steps" will be announced by the government in the Union Budget.

Jun 19, 2014

Timeline: Former Goldman Sachs Director Rajat Gupta's Journey to Jail

Rajat Gupta, the former Goldman Sachs Director who was convicted for insider trading, started his two-year jail term on Tuesday.

Jun 19, 2014

Sensex and Nifty Open High; Nikkei Surges due to Federal Optimism

During the pre-opening session at 9 am, sensex recorded 25,274 points with an increase of 27.75 points. While S&P BSE 100 recorded 7,698.32 points, Mid Cap, Small Cap and BSE 200 too recorded highs.

Jun 19, 2014

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BSE closes points 274.94 down on June 18

New Delhi, June 18 (ANI): Trading at the Bombay Stock Exchange today closed 274.94 points down to stand at 25,246.25. At the National Stock Exchange the Nifty closed 73.50 points down to stand at 7,558.20. Bajaj Finance Limited and CRISIL were among the top gainers of Group A with an increase of 9.16% and 6.43% along with Piramal Enterprises Ltd. and National Aluminium Co. Ltd. with an increase of 4.31% and 4.08% respectively, while the top losers of Group A include Prestige Estates and Jaiprakash Associates Ltd. with a decrease of 5.97% and 5.28% along with Unitech and Indiabulls Real Estate Ltd. with a decrease of 5.21% and 5.18% at the close of the markets. The Auto sector is down 191.01 points at 14,936.02 while the banking sector is down 188.81 points at 17,424.01 and the realty sector is down 42.93 points at 2,003.40.The Indian currency is down 0.60% at Rs 60.39 per dollar.

Jun 18, 2014

Union Budget: What is on the Finance Minister's Mind?

Union Budget for 2014-15: Arun Jaitley has, through his recent statements and posts, given indications of what the budget will entail and how it will shape up.

Jun 18, 2014

People walk past the BSE building in Mumbai

Sensex and Nifty Open Higher, Tata Steel Gains after Investor's Approval on Raising Borrowing Limit

At 9:15 am on Wednesday, Sensex opened higher at 25,565.19 by 44 points and Nifty too recorded an increase of 10.15 points opening at 7641.85.

Jun 18, 2014

Sensex Surges 300 Points, Huge Inflows in Oil and Gas; Investors Shrug Off Iraq Crises

BSE index ended up at 25,521 points with an incline of 330.71 points at 1.31 percent change, while Nifty reached 7631.70 points, surging 98.15 points with a 1.3 percent change.

Jun 17, 2014

Sensex Opens Red; FMCG, Auto and Healthcare Dip

Indian share market opened in red on Tuesday, as conflict in Iraq and a gas dispute between Ukraine and Russia has increased tensions among investors

Jun 17, 2014

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BSE closes points 37.69 down on June 16

New Delhi, June 16 (ANI): Trading at the Bombay Stock Exchange today closed 37.69 points down to stand at 25,190.48. At the National Stock Exchange the Nifty closed 8.55 points down to stand at 7,533.55. MCX and Dish TV India were among the top gainers of Group A with an increase of 5.49% and 5.37% along with Strides Arcolab Ltd. and Reliance Capital Ltd with an increase of 4.97% and 4.49% respectively, while the top losers of Group A include JPINFRATEC and Suzlon Energy with a decrease of 5.65 % and 4.90% along with Federal Bank and Oriental Bank with a decrease of 3.34 % and 3.25 % at the close of the markets. The Auto sector is down 163.24 points at 15,031.83 while the banking sector is down 89.28 points at 17,220.59 and the realty sector is up 34.00 points at 2,028.75. The Indian currency is down 0.51% at Rs 60.07 per dollar.

Jun 16, 2014

Finance Ministry Stern on UGC's Financial Irregularities and Negligence Towards Designated Work

The University Grants Commission (UGC) is yet to respond to 130 paragraphs of the audit report by director general of audit, central expenditure, which shows financial irregularities in the administration.

Jun 16, 2014

Indian Shares Open Low, Crude Oil Prices Hit 9-Month High

Indian shares on Monday started on the lower side, after recording the biggest 1-day fall in four and a half months on Friday.

Jun 16, 2014

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Infosys won't be affected even if more top executives exit: NR Narayana Murthy

Bangalore, June 15 (ANI): NR Narayana Murthy while addressing last AGM as the Infosys chairman, said that Infosys has enough senior managers to run the business even if more executives leave, after a spate of staff exits triggered concerns about a leadership vacuum. Murthy played down the departure of at least 11 senior executives since he was brought back from retirement in June last year to help regain market share, saying some of them were low performers. Infosys shareholders are betting on Vishal Sikka, who will take over on August 1 from current CEO SD Shibulal, to turnaround the company by tapping opportunities in new technology areas including cloud computing and mobility.

Jun 15, 2014

Telenor to Acquire Remaining 26 Percent Stake of Uninor after FIPB's Approval

Norwegian multinational telecom firm Telenor has announced that it will invest ₹780 crore to acquire the rest 26 percent of its Indian subsidiary Telewings Communication, known as Uninor.

Jun 14, 2014

RBI Eases KYC Norms to Avail Bank Accounts

Reserve Bank of India in a press release stated that the KYC norms have been made simpler, and now anyone can open a bank account with just one address proof - either permanent or local.

Jun 13, 2014

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