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Steps to attract inflows likely in a week, says Finance Ministry


Mumbai: After discussions between Finance Minister P. Chidambaram and FIIs and banks, the Finance Ministry on Saturday said steps to attract capital flows to fund the current account deficit can be e

Rupee tumbles to 64.43; Sensex down around 400 points


The rupee hits fresh all-time low, trading around 64.40 per dollar as heavy dollar buying from large state-run banks along with demand from custodian banks hurt the local currency on Wednesday..

No throw back to 1991 crisis: PM on economy

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New Delhi: Prime Minister Manmohan Singh on Saturday ruled out the possibility of India witnessing a repeat of the 1991 balance of payments crisis and also reversing the path to globalisation of th

RBI, government assure FIIs; India Inc hits back

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New Delhi: Seeking to calm rattled investors, the government and RBI on Friday said there was no reverting to capital control regime — the fear of which spooked stock market, sent rupee to its lowest

Black Friday in markets: Rumours rock shares, rupee

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Mumbai: Dalal Street witnessed its worst carnage in two years on Friday as equities crumpled, while the rupee hit a record new low — slipping below the psychological 62-level to the US dollar — after

Rupee hits record low past 62/dollar as shares plunge

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Mumbai: The rupee dropped to a historic low of 62.00 per dollar in late morning trade on Friday on good demand for the US currency from banks and importers in view of sharp fall in equity market.

Rupee bounces back from record-low close to 60.88 vs dollar; Sensex up 124 points


Mumbai: The rupee on Thursday recovered from all-time closing low, adding 42 paise to end at 60.88 against the dollar amid expectations the government would announce fresh steps to support the local

Rupee drops to all-time record low of 61.51 vs dollar

Mumbai: The Indian rupee dropped to an all-time record low of 61.51 per dollar in the late morning session on fresh dollar demand from banks and importers amid weakness of dollar in the overseas mark

Andhra Bank Q1 net down 36%

Hyderabad: Public sector Andhra Bank on Wednesday said its net profit declined by 36 per cent to Rs 231 crore for the first quarter ended June 30, 2013, on account of higher provisioning towards non-

Government to further liberalise FDI policy, says Chidambaram


New Delhi: Faced with sliding rupee, Finance Minister P. Chidambaram on Wednesday said government will further liberalise the FDI policy and encourage public sector undertakings to raise funds from o

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.