Global rating agency Moody's on Monday said that the steep depreciation of rupee against a dollar will not affect India's sovereign ratings negatively. However, it added that private sector companies with huge overseas debts will be hurt by the slip in the value of the rupee.
Indian government bowing to the political pressure has decided not to hike diesel, Kerosene and LPG prices for the time being. The ruling UPA government is still fighting the fallout of its unpopular decision to steeply increase the petrol prices last week, as the opposition parties as well as some of its own allies are demanding a rollback.
Asian markets rose Monday as concerns of Greece exiting the euro zone eased with Greek opinion polls published over the weekend showing that pro-bailout party is leading by a small average margin over the anti-austerity measures party.
Indian markets opened on a positive note Monday as Bombay Stock Exchange Sensex was trading at 16,360.34, 142.52 or points 0.90 percent up from the previous close and NSE Nifty was at 4,965.20, up 44.80 points or 0.80 percent, in the morning session.
Asian stock markets mostly advanced Monday as concerns of potential Greek exit eased after recent opinion polls showed that pro-austerity parties could be able to form a coalition government.
India and Myanmar will be sealing several bilateral pacts including one in the energy sector.
On Friday, Aishwarya Rai attended the premiere of Cosmopolis dressed in a glittering Elie Saab gown from the designer's Fall 2011 Couture collection. The midnight-blue embroidered ensemble featured sheer long sleeves, a velvet floral apllique at the waist and a pleated train. The actress even took time to respond to all those pesky weight gain critics.
Fearing a political backlash, the Indian government has postponed the decision to hike the diesel prices for the time being. However, economists feel that it is time the government deregulated the prices of diesel and stopped subsidizing them.
Asian markets declined this week on increasing concerns about China's economic slowdown and Greece possibly exiting the euro zone.
The meeting with officials from the Indian Pilots' Guild (IPG) lasted 90 minutes.
India Government may go slow on boosting diesel prices as the recent steep petrol hike has generated strong opposition from both the public and opposition parties.
When Aung San Suu Kyi left her husband and children in England to visit her ailing mother in Myanmar 24 years ago, she never imagined that she'd be stuck inside the Southeast Asian country for 24 years. Now, she will leave Myanmar for the first time since 1988.
Bombay Stock Exchange Sensex started on a negative note Friday and was trading in the red in the morning session.
Asian markets fell Friday on increasing concerns about China?s economic slowdown and Greece exiting the euro zone.
GPEI warned that failure to eradicate polio could lead to as many as 200,000 paralyzed children a year across the globe.
Even as a possible Greece exit from the euro zone is creating ripples of fear in the global economy, it seems that the Asian countries, especially India, is better placed to face the euro zone breakup storm than other regions.
In 2010, the Indian government permitted state-owned oil companies to establish the price of petrol.
For centuries, the Roma people have been marginalized and misunderstood by their European neighbors. A new report by the European Agency for Fundamental Rights (FRA) sheds light on this age-old human rights issue.
Among other options being considered by senior officials in the UK government's National Security Council is the deployment of the Royal Navy in the Middle East.
The Delhi High Court Wednesday issued a contempt notice to the striking Air India pilots for not complying with its previous order restraining them from continuing with the strike.
The Indian rupee descended to the all-time-low of 56.04 per dollar Wednesday even as the Reserve Bank of India and the Indian government said that they were monitoring the situation closely and taking corrective measures.
At least 10 people were killed in Pakistan on Tuesday when a rally in Sindh Province erupted in violence. Gatherers had been marching to protest the division of the province.