Search Results for: currency

India bonds at three-week high, rupee gains after RBI payout to government

Finance Minister Nirmala Sitharaman proposed on Friday a series of measures to help the economy and financial markets although some economists said there was a need for an additional stimulus package.

Aug 27, 2019

Trump welcomes China's move to restart talks amid worsening trade war

China's Renminbi weakened to a new 11-year low on Monday and stock markets in the Asia Pacific region tumbled sharply after trade tensions that worsened over the weekend.

Aug 26, 2019

Gold prices moving to all-time highs as China-US trade war escalates

As gold rallies, Indian markets are getting support even from the depreciating rupee, apart from the global uncertainties.

Aug 26, 2019

Nirmala Sitharaman rolls back tax hike on foreign, domestic equity investors; outlines steps to boost sentiment

The government also outlined a raft of measures including some for the crisis-hit autos sector, small businesses, and the troubled shadow banking sector to calm nerves of investors and lift consumer sentiment ahead of the Indian festive season that begins next month.

Aug 24, 2019

Trump raises 30% tax on Chinese goods worth $250 billion as trade war worsens

US President Donald Trump's move came hours after China unveiled retaliatory tariffs on $75 billion worth of US goods.

Aug 24, 2019

Illegal cryptocurrency malware hits Tesla's Amazon Cloud resources

Cryptocurrency to fund Saudi Arabia's Neom project? Riyadh warns against scammers

Saudi is embarking on a $500 billion futuristic megacity, considered as a symbol of Crown Prince Mohammed bin Salman's ambitions for life after oil, to attract foreign investment and bolster non-oil revenues.

Aug 21, 2019

Is India in the midst of an economic slowdown? Can it get worse?

Rapidly falling auto sales through successive months provide the most telling indication of the economy's slide as most sectors shed growth momentum; government mulls stimulus package for growth

Aug 14, 2019

Explained: What's behind the record surge in gold prices?

Safe-haven investments gold and silver futures rise in India as equities underperform after the general election 2019 and in international markets because of US-China trade war fears.

Aug 10, 2019

Move to scrap super rich tax surcharge may lure back foreign portfolio investors

Markets respond energetically to reports government is considering the lifting of the surcharge proposed in the Union Budget 2019; Sensex, Nifty soar for the second day.

Aug 9, 2019

Is China a 'currency manipulator'? Beijing hits back by halting import of US farm products

A weak Chinese currency makes US products more expensive while making Chinese products more attractive in foreign markets.

Aug 6, 2019

Akshay Kumar charges a whopping Rs 54 crore for Sanjay Leela Bhansali's film

Akshay Kumar, who had earlier charged Rs 27 crore for Rowdy Rathore, now demands a whopping Rs 54 crore for the sequel which is bankrolled by Sanjay Leela Bhansali.

Aug 1, 2019

Telangana deputy speaker stuffs money into child's mouth

WATCH | Telangana deputy speaker stuffs a wad of cash into child's mouth, enrages activists

The boy kept playing with the money in his mouth. What was more shocking was that onlookers just smiled and did not do anything to stop it.

Jul 30, 2019

Assets frozen worldwide, D-Company invests drug money in Pak stock exchange

These investments are being made through various capital securities firms in all the three stock exchange under in the PSX.

Jul 28, 2019

Quest for more RBI dividends: Has Modi govt shot itself by firing Subhash Chandra Garg?

Garg, who has sought early retirement after the finance ministry snub, was the fiercest advocate for reducing RBI's cash reserves and transferring more cash dividends to the government.

Jul 26, 2019

PMO asks Finance Minister to re-examine sovereign bond proposal

The PMO has asked the ministry to seek more consultation from stake-holders before proceeding with any plans.