Economy News

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 51.3925 rupees and the euro at 68.9227 rupees.

Dec 5, 2011

No Rollback on FDI in Retail: Govt

The opposition parties and allies of the UPA government are against retail reform but the government is not ready for a rollback. The government wants FDI in retail sector to boost India's economy.

Dec 2, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 51.3523 rupees and the euro at 69.1380 rupees.

Dec 2, 2011

RBI's Reference Rate for Dollar on March 12, 2012

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 51.6520 rupees and the euro at 69.5086 rupees.

Dec 1, 2011

Govt in a Fix over Retail Reform; PM Promises Better Future for Farmers

The UPA government is in a fix following its decision to allow Foreign Direct Investment (FDI) in retail sector.

Nov 30, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 52.1650 rupees and the euro at 69.4735 rupees.

Nov 30, 2011

RBI's Reference Rate for Dollar Today (Nov 29, 2011)

The Reserve Bank of India Friday fixed the reference rate for the US dollar at 52.1665 rupees and the euro at 69.4263 rupees.

Nov 29, 2011

RBI Fixes Reference Rate for Dollar, Euro

The Reserve Bank of India (RBI) Friday fixed the reference rate for the U.S. dollar at 51.9830 rupees and the euro at 69.1243 rupees.

Nov 28, 2011

Mumbai Fire: More Than 280 Shops Gutted

A large fire broke out, near Crawford market area in Mumbai, early on Saturday morning. Approximately 280 shops were destroyed.

Nov 26, 2011

India's New Retail Policy Will Create 10 mn Jobs: Minister

The government's approval for 51 percent foreign direct investment in the supermarket sector may have created a storm at the ongoing winter session of Parliament, but Trade Minister Anand Sharma says the new retail policy will create a number of jobs.

Nov 25, 2011

RBI's Latest Reference Rate for Dollar

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 52.1665 rupees and the euro at 69.4263 rupees.

Nov 25, 2011

Lakshmi Mittal is Britain's Most Influential Asian for 2011

According to weekly newspaper Eastern Eye, 61-year-old Lakshmi Mittal, a Non-Resident Indian and the Chief Executive Officer (CEO) and Chairman of the Board of Directors of ArcelorMittal, is the most powerful Asian in Britain, for the year 2011.

Nov 24, 2011

AerCap Holdings to Take Back 2 Kingfisher Planes

Debt-ridden Kingfisher Airlines is set to face another problem. AerCap Holdings NV, one of the airine's lessors, is reportedly ready to re-claim two of its aircrafts.

Nov 24, 2011

Citigroup Forecasts Inflation in India to fall in March

Global financial services giant Citigroup has put the inflation rate of India at 7.7 percent, which is higher than Reserve Bank of India forecast of 7 percent.

Nov 20, 2011

Kingfisher Close to Sealing Deal; Shares Down

It is reported that Kingfisher Airlines chairman Vijay Mallya close to sealing a $370 million deal with an Indian private investor to save the airlines but its shares keep falling.

Nov 18, 2011