Business

The Reserve Bank of India (RBI) is expected to cut interest rates next week and economists are set to chop growth and inflation forecasts after Prime Minister Narendra Modi's currency crackdown rattled the economy and severely hurt consumption, a Reuters...

Senior Indian government officials tasked by the Prime Minister with reviewing energy security are recommending the break-up of the country's coal monopoly, Coal India Ltd, within a year.

Four leading India-born CEOs including Microsoft's Satya Nadella and Mastercard's Ajay Banga who delivered big in taking their companies ahead have featured in Fortune's Businessperson of the Year list topped by Facebook founder Mark Zuckerberg.

The rupee edged higher by 5 paise to 68.71 against the US dollar at the forex market in early trade on Tuesday on fresh selling of the American currency by exporters and banks.

President-elect Donald Trump's campaign rhetoric, and his pick for Attorney General of Senator Jeff Sessions, a long-time critic of the visa programme, have many expecting a tighter regime.

Foreign lender Citi India today announced fee waiver for all domestic debit card transactions as part of its efforts to encourage digital payments.

A survey participated in by 8,000 respondents has found that 90 per cent of traders and small retailers across the country experienced a decline in the business post the demonetisation of Rs 500 and Rs 1,000 notes.

India's real GDP growth is expected to slow to 6.5 percent in the current fiscal on the likely impact of demonetisation, while muted inflation may open room for additional rate cuts, says a Deutsche Bank report.

Housing prices in 42 major cities across India could drop by up to 30% over 6-12 months after the demonetisation of high-value notes, wiping out over Rs 8 lakh crore worth market value of residential properties sold and unsold by developers since 2008.

As the rupee plunged to a record low on Thursday, Finance Ministry said it is closely monitoring the currency movement.

The first step is to facilitate a market for livestock for those farmers keen to taken up dairy as a supplementary business, he added.

The rupee edged higher by 7 paise to 68.09 against the US dollar at the forex market in early trade today on fresh selling of the American currency by exporters.

As per the report, Samsung led the overall mobile handset industry (24.5 per cent share) as well as feature phone and smartphone categories with similar market shares.

Nearly two weeks since the Centre decided to demonetise old Rs 500 and Rs 1000 notes, people across the country are coming to terms with long queues at banks and ATMs.

Essar said it had held discussions with several potential buyers but had gone with the Rosneft consortium because their offer was considered the most attractive. It denied there was any intervention from Putin or Modi.

The Nifty was trading at 8,158.60 points in the morning.