Just three years ago, at the end of March 2011, NRI deposits were only $52 billion, half of what they are today.
The yellow metal dropped Rs 400 at Rs 11,550 per 10 gram, a level last seen on Sept 11, on brisk selling by stockists and investors after the Bombay Stock Exchange benchmark Sensex recorded a second steepest fall in its history. The stock markets nosedived and bullion prices collapsed after the Reserve Bank of India kept interest rates unchanged and downgraded the national economic growth to 7.5 per cent.
What perhaps turned the tide against Uber was the plight of the consumer.
World champion Viswanathan Anand played out an easy draw with Vladimir Kramnik of Russia in the fourth game of the World Championship in Bonn, Germany on Saturday. With eight more games to be played, the scoreline now reads 2.5-1.5 in favour of Anand.
In India, gold breached all previous records to hit the high of Rs 14,320 per 10 gm taking consumers and stockiest out of the trading floors.
Gold prices on Friday reached an all-time high of Rs 14,200 per 10 gram in the Delhi bullion and analysts said the trend is likely to continue in the coming days.
The Indian Premier League match between Kolkata Knight Riders and Deccan Chargers at the Eden Gardens was abandoned without a single ball being bowled after a squall accompanied by heavy rain rendered the ground unplayable.
Gold prices zoomed to an all-time high of Rs 13,850 per 10 gram in the national capital on Wednesday as plunging stock markets and deepening global financial crisis spurred demand for the metal as a safe hedge.
Pharmaceutical major Ranbaxy Labortaories on Wednesday said it remained confident that its products were safe and effective as the US Department of Justice (DoJ) withdrew a legal motion against it that charged fraudlent practice.
With the Maoists forwarding their demands in exchange for the release of Sukma District Collector Alex Paul Menon, Chhattisgarh Chief Minister Raman Singh has reportedly convened a high-level meeting to decide on the future course of action. The Chhattisgarh government has set up a cabinet sub-committee to deal with the situation arising out of Menon's abduction by the Maoists.
Inaugurating a National Seminar on 'War on Terrorism', Advani said several functionaries, including Prime Minister Manmohan Singh, had spoken on the need for a 'strong anti-terror law' and they should support the passage in the 15th Lok Sabha, he said, adding that it was time to fight terror treating it as an issue that deserved broad national consensus.
With the Maoists dropping the name of a hardcore ultra from the list of their 30 jailed associates and extending the deadline, the Odisha government on Monday expressed hope that Biju Janata Dal MLA Jhina Hikaka could be released on April 18.
Raids are being carried out across the country by the Income Tax department in the wake of the burgeoning fake currency racket post demonetisation, as currencies both new and old have been seized in large amounts from Bengaluru, Panjim and Faridabad besides the national capital.
Bulk seizures of new currency continued on Saturday with some more incidents being reported, including one in which the IT department recovered Rs 5.7 crore cash in new notes secretly stashed inside the bathroom tiles of a hawala dealer in Chitradurga district in Karnataka.
After a day's break, talks resumed between the Odisha government and Maoist negotiators for release of the Italian captive while the state Assembly unanimously appealed to the kidnappers of Biju Janata Dal member of Legislative Assembly Jhina Hikaka to free him.
World junior girls' champion Dronavalli Harika played out an easy draw as white with Anna Muzychuk of Slovenia in the first game of the second round of the ongoing World Women's Chess Championship in Nalchik, Russia. Harika, who had beaten Russian Vera Nebolsina in the first round to advance to the last 32 stage in this knock-out event, will play the return game on Tuesday with black.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
The Sindhi New Year 'chetichand' holds a lot of importance, as this is a day when friends and relatives come together to meet one another.
South Africa dealt a body blow to next month's ICC Champions Trophy in Pakistan on Friday by withdrawing from the tournament for safety and security reasons. Despite assurances from an International Cricket Council (ICC) task force that acceptable security measures would be in place, Cricket South Africa (CSA) said it is not prepared to send a team to Pakistan.
Trading in currency futures will soon become a reality for the retail investor. With the Reserve Bank of India and the Securities and Exchange Board of India issuing trading norms, exchanges are readying themselves to launch this product in the next few weeks.
Firms that should borrow abroad do not do so enough, and those that should not borrow abroad do.
Real estate is a sector which generates second highest employment and contributes approximately 5% of the GDP of the country.
The Telugu Desam Party and other opposition parties have gone for the jugular as the ministers in the dock were all key portfolio holders under YS Rajashekhar Reddy regime. Mohammed Siddique reports.
The decision will benefit over nine crore such account holders having total deposit of around Rs 32,000 crore.
Go for high quality and low-to-medium-duration funds in your debt portfolio
Indices reversed all its losses during late trades.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
Debt fund managers think the Reserve Bank governor might at best go for one rate cut in April.
In an online chat with readers, Investment Advisor Harsh Roongta answered their queries on the ban on Rs 500 and Rs 1000 notes.
The Southern Illinois University School of Medicine in Springfield and the Prathima Institute of Medical Sciences, in Karimnagar, Andhra Pradesh, which was established at the initiative of a group of non-resident Indians, have signed a memorandum of understanding for fostering academic collaboration and improving rural healthcare. The agreement allows for student and faculty exchange between the two institutions.
Giving details about the hijacking of Indian Airlines flight IC-814 in his book, the former deputy prime minister wrote: 'I was sitting in my office on a cold Friday afternoon on December 24,1999, when Shyamal Dutta, former director of Intelligence Bureau called me to convey the bad news. 'Sir, an Indian Airlines plane coming from Nepal has been hijacked'. I was stunned by what I heard.'
Ambitious plans by NGOs and companies to take technology to farmers are not always successfully executed.
Gitanjali Gems is foraying into the business of providing gold loans and safe deposits vaults. The company has also acquired Trinity Watch Co and Renaissance Retail Ventures for undisclosed sums. It has also formed a subsidiary, Mohar Jewels. It will soon launch the fashion retail format through its retail subsidiary Gitanjali Lifestyle. The company has tied-up with three fashion designers to introduce fashion apparels and private labels and will also open exclusive stores.
"We will launch futures trading on the Chicago futures exchange in a month or two. The trading on Sensex futures will be for 23 hours a day," says Rajnikant Patel.
A report by Amnesty International titled 'Safe Schools: Every Girl's Right' has found that a shockingly high number of girl students in India face physical, sexual and psychological abuse on a regular basis. According to the report, instances of abuse are highest in Andhra Pradesh, Assam, Bihar and Delhi, with the national capital, where 87 per cent of young female students reported facing abuse, listed as the worst place for young female students.
Gold price is likely to remain sideways this week due to uncertainty in global economy. The metal, of late, has started losing its status as safe haven investment avenue at the time of global economic crisis.
Viswanathan Anand drew with Vassily Ivanchuk to maintain sole lead after the end of the Morelia stint of the Morelia-Linares chess.
Postponement of Sino-India border talks between Special Representatives notwithstanding, India on Tuesday said its high-level defence dialogue with China would take place next month as planned earlier.
The Bharatiya Janata Party categorically denied that IC-814, which was hijacked by terrorists in 1999, had been supplied with refuelling facilities at Rajasansi airport in Amritsar when it was grounded there.
Credit rating agency Fitch said on Monday the proposed Securities and Exchange Board of India guidelines on Real Estate Investment Trusts will safeguard investors' interest, but sought clarity on whether such investments would also provide tax benefits. "The REIT will be a trust under the Indian Trusts Act and the taxation will be at the trust level. But it would be good to clarify if the unit-holder would be exempt from paying tax," it said.
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