Rupee closes 14 paise higher at 66.41 against USD

Last Updated: Wednesday, September 9, 2015, 19:29

The rupee strengthened by 14 paise to close at 66.41 against the US dollar Wednesday on persistent selling pressure from banks and exporters amid hopes of resumption of foreign capital inflows in equity markets.

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Last Updated: Wednesday, September 9, 2015, 19:18

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

Knee-jerk reaction not answer to emerging challenges: FinMin

Last Updated: Tuesday, September 8, 2015, 23:38

The Finance Ministry Tuesday said "knee-jerk" reaction is not the answer to the current challenges being faced by India and assured that measures initiated by the government will boost growth.

India remains attractive investment destination: CEA

Last Updated: Tuesday, September 8, 2015, 23:33

Amid the global financial turmoil, Indian economy will grow at the highest rate and also remain an attractive investment destination, Chief Economic Advisor Arvind Subramanian said Tuesday.

Indian CEOs delegation on US visit ahead of strategic dialogue

Last Updated: Tuesday, September 8, 2015, 23:08

Ahead of the US-India strategic dialogue, a CII delegation comprising CEOs is on a visit to the US to hold consultations and highlight the "tremendous potential" for engagement between the two nations.

Rupee bounces back by 27 paise to close at 66.55 against USD

Last Updated: Tuesday, September 8, 2015, 20:04

In line with equity markets, the rupee recovered by 27 paise to close at 66.55 against the US dollar on fresh selling of the American currency by banks and exporters amidst a weak greenback in overseas markets.

Indian economy sees 'firming growth', says OECD

Last Updated: Tuesday, September 8, 2015, 20:01

Amid the global economy witnessing mixed trends, Paris-based think tank OECD on Tuesday said India is expected to see "firming growth" while the outlook for China continues to deteriorate.

PM Modi seeks to capitalise on China's market woes

Last Updated: Tuesday, September 8, 2015, 18:07

Modi reportedly urged business leaders including Reliance Industries owner Mukesh Ambani -- India`s wealthiest man -- to take greater risks and scale up investments as concerns over China`s economy grow.

Starting salaries in India amongst lowest in Asia Pacific: Study

Last Updated: Tuesday, September 8, 2015, 17:23

Entry-level salaries in India are amongst the lowest in the Asia Pacific region, a study by professional services firm Towers Watson says.

UBS cuts India's growth forecast to 7.1% for FY16

Last Updated: Tuesday, September 8, 2015, 16:13

Swiss brokerage UBS has revised downwards India's GDP growth projection for the current fiscal to 7.1 percent, from 7.5 percent earlier, on account of weaker external demand prospects.

Rupee tumbles to fresh 2-year low of 66.82 against US dollar

Last Updated: Monday, September 7, 2015, 19:40

The rupee plunged by 36 paise to close at 2-year low of 66.82 against the American currency today on persistent dollar demand from banks and importers due to sustained foreign capital outflows amidst sharp fall in equity markets.

Rs 1,000 note to have new numbering system to check counterfeiting

Last Updated: Sunday, September 6, 2015, 19:17

A new numbering system and seven new security features will be incorporated in all currency notes, especially in high denomination Rs 1,000 and Rs 500 notes, in order to check the menace of Fake Indian Currency Notes (FICN).