Britain was back in recession on Wednesday after its economy shrank in the first quarter while Prime Minister David Cameron said the country was being buffetted by the European downturn.

Gross domest

To ease liquidity situation, the Reserve Bank on Friday slashed CRR -- the portion of deposits banks are required to keep with the central bank -- by 0.75 percentage points, a step that will infuse Rs

The World Bank said Friday it would select a new president to succeed Robert Zoellick by April 20, the start of the World Bank and IMF's spring meetings in Washington.

But even as the huge developmen

The Reserve Bank of India (RBI) on Saturday asked people not to deposit their hard earned money in unauthorised non-banking financial companies (NBFCs) and institutions in the hope of getting hefty re

Stock markets notched its best weekly gain in six weeks — despite disappointing IIP and inflation data — on the back of excellent numbers from Infosys and positive global cues.

On the Bombay Stock Ex

Name: Shwetha Sharma
Job: Manager
Age: 26 years
Dependants: None
Income: Rs 2.16 lakh/year

Name changed to protect identity

Shwetha Sharma, a 26- year-old engineer with a postgraduation degree in ma

The BSE benchmark Sensex rose by 115 points in opening trade on Wednesday on the emergence of buying at existing lower levels, driven by a firming trend on other Asian bourses.

The 30-share BSE index

The rupee weakened on Tuesday as fears over the extent of impact Europe's debt crisis might have on the global economy boosted the dollar and domestic equities fell.

* At 9:32 a.m., the partially con

A benchmark index for Indian equities on Tuesday plummeted in afternoon trade, falling over 400 points, as traders stepped up selling amid negative global cues.

Adding to the woes of the markets was

Global ratings firm Moody's on Tuesday donwgraded its rating of State Bank of India's (SBI) financial strength by one notch to 'D+' on account of the lender's low Tier-I capital ratio and deterioratin