Search Results for: Depreciating rupee

IT companies Q4 results India Inc call center corporate earnings

India Inc to post best Ebidta growth in 6 quarters during Q4, FY16: Crisil

Revenues of IT services companies are expected to grow in double digits, a Crisil report noted.

Apr 11, 2016

India's proposed $20B investment in Iran may be in oil, petrochemical and fertiliser projects

India has asked for land for these projects and favourable pricing of natural gas in return for the investments.

Apr 11, 2016

State Bank of India cuts interest rates on home loans

The move by India's biggest lender has come three days after the RBI cut repo rate to a five-year low.

Apr 8, 2016

Poor monsoon, rupee decline could spike inflation: Moody's

The credit rating agency's caution is similar to the concerns expressed by the RBI after Tuesday's monetary policy review meet.

Apr 5, 2016

India's factory output hits 8-month high in March

The country's manufacturing activity index rose to 52.4, the highest since 52.3 recorded in August 2015.

Apr 4, 2016

Gold repayments to help attract more depositors to monetisation scheme

Prime Minister Narendra Modi had launched the scheme last year to bring the gold stashed in Indian vaults to country's financial mainstream.

Apr 2, 2016

Indian banking system throws up worrying trends, says economist

While deposits grew at a five-decade low, currency circulation is at a disturbing high level, says Ajit Ranade.

Apr 2, 2016

Sensex, Nifty slump 9% in FY16, but post biggest monthly gains in 4 years

The benchmark index Sensex closed at 25,341 Thursday, losing 9.35 percent over its March 31, 2015, closing of 27,957.

Mar 31, 2016

Indian rupee depreciates 50% in 5 years

The currency was trading at about 66.22 March 31, 2016 afternoon, marking a fall of 48.67 percent over its March 2011 closing of 44.54 to the US dollar.

Mar 31, 2016

Pharma stocks drag Sensex down; Lupin down 6% on USFDA's inspection of facility

Lupin plunged 13 percent to a new 52-week low Tuesday after it acknowledged audit observations by the US FDA for its Goa facility.

Mar 29, 2016

India's foreign exchange reserves touch a historic high of $355.94 billion

India's foreign exchange reserves rose $2.53 billion in the week ended March 18, according to RBI weekly supplement released Friday.

Mar 26, 2016

FIIs remain net buyers of Indian equities in truncated trading week

During the three-day week, the S&P BSE Sensex gained 1.54 percent to close at 25,337 Wednesday.

Mar 24, 2016

Sensex crosses 25,000, Nifty above 7,700 on renewed hopes of rate cut

Hopes of a rate cut by the Reserve Bank of India increased after the government slashed small savings interest rates last Friday.

Mar 21, 2016

Begged Amitabh Bachchan to take money but he refused, says Sourav Ganguly on actor's World T20 appearance

Big B even paid Rs 30 lakh from his pocket to book flight tickets and pay hotel bills.