The high profiled spectrum and second round of coal auction kicked off on Wednesday, with Rs 60,000 crore bids coming in for airwaves only.
Chief economic advisor Arvind Subramanian said on Wednesday that the surprise rate cut by the RBI shows that the Central Bank and government are on the same page.
Close on the heels of a top official in the finance ministry anticipating a cut in people’s EMIs, banks promised to take a call on lending rates.
After topping the Indian rich list for seven consecutive years, Reliance Group chairman Mukesh Ambani has been overtaken by Dilip Shanghvi, the founder of world’s second largest generic drug maker Sun
The Union Budget 2015 clearly concentrates on investment in infrastructure as an economic growth engine. It seems to approach the sector more from an investment perspective than on policy front.
Tamil Nadu-based Nokia plant, which was shut down few months back, is likely to start functioning again, Prime Minister Narendra Modi indicated on Tuesday.
The Sensex zoomed to a life-time high of 30,024 after the RBI cut the repo rate by a quarter per cent but profit booking soon turned this celebratory event into a loss.
Reliance Infrastructure Limited with its wholly owned subsidiary Reliance Defence Systems Private Limited on Wednesday announced the acquisition of Pipavav Defence and Offshore Engineering Company Lim
In a gesture rarely found among newsmakers, RBI governor Raghuram Rajan on Wednesday said “sorry” for a “misleading” comment that he never made with regard to the central bank’s stance on rates.