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Is India's economic growth real? Raghuram Rajan says something is offFormer RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign...- RBI ramped rupee defense to record before government bazookaThe Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This sig...
- Traders keep focus on oil prices, RBI moves as rupee treads waterThe Indian rupee remained stable on Wednesday, supported by central bank intervention in spot and forward markets. Dollar sales from state-...
- Rupee plunge sees India turn to 2013 taper tantrum playbookIndia's central bank is considering measures to stabilize the rupee. The currency has fallen to a record low, increasing import costs. The ...
- Paytm rules out NBFC licence plansPaytm, the fintech major, has decided against seeking a Non-Banking Financial Company license. The company prefers a partnership model for ...
- India’s rupee defence faces tough test as capital flows stallIndia’s rupee faces sustained pressure as weak capital inflows and elevated oil prices strain the balance of payments. Despite RBI interven...
- IndusInd Bank shares jump 6%. Why Jefferies & other brokers raised their target pricesIndusInd Bank shares surged following Q4 results that indicated a potential turnaround, with profit jumping 331% sequentially and asset qua...
- Rajiv Anand takes charge as IndusInd Bank CEORajiv Anand has officially assumed the role of CEO and managing director at IndusInd Bank, as announced in a recent exchange filing. Anand'...
- Jaypee Group taps global credit funds for Rs 10k crore to bail out flagship firmFacing financial distress, Jaypee Group is seeking ₹10,000 crore in high-cost financing from global credit funds such as Varde Partners, Ar...
- Air traffic soars in March quarterFor the quarter ending March 31 this year, passenger traffic jumped by a massive 51.7% compared to the year-ago period.
- Low-cost Norwegian Air Shuttle declares bankruptcy for two main units"Seeking protection to reorganise under Irish law is a decision that we have taken to secure the future of Norwegian," the head of Europe's...
- $3 billion manager bets on India's beleaguered financial sectorThe firm aims to eventually attract $1 billion from funds globally to invest in India.
- Four banks plan to sell Kingfisher Airlines' assets to ARCsAs many as four banks are contemplating selling assets of Kingfisher Airlines to asset reconstruction companies (ARCs) to recover part of t...
- Kingfisher Airlines violated tax rules: S.S. Palanimanickam, MinisterCash-strapped carrier Kingfisher Airlines has not deposited with the government most of the TDS for the last two fiscal years, a govt minis...
- Dollar gains slightly in AsiaThe US dollar recovered slightly against the euro and yen in quiet Asian trade Monday as investors awaited bond sales by financially beleag...
- Satyam board meeting could go on till SaturdayThe Satyam board meeting could go on till Saturday, March 21, as the company seeks to evaluate potential bidders apart from taking stock of...
- Aegis BPO may buy assets in South Africa for expansionEssar's Aegis BPO, which has evinced interests to acquire the BPO arm of the beleaguered IT firm Satyam, is planning a major expansion in S...
- China willing to cooperate with world economiesChina said it is willing to cooperate with world powers, including the US, to restore stability to beleaguered international financial mark...
- US House begins $700 billion bailout voteThe House has begun voting on a $700 billion emergency rescue package for beleaguered financial companies. Stocks 52 Week: High, Low | Gain...
- $700B bailout plan finalized; House to vote MondayCongressional leaders have released final legislation to create a $700 billion bailout of the financial markets.
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