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Describing Rajan as a long-time colleague and an outstanding economist, Bernanke, who retired January-end this year confessed he did not know much about Indian politics.
Diageo, the maker of Johnnie Walker scotch and Smirnoff vodka, controls USL through its holding and a shareholder agreement, and the tender offer is unlikely to result in any management changes.
Wholesale price index-based inflation hits three-month high.
ReutersApr 16, 2014
18.7% staff left in 3 months; Attrition rate is ‘more than we’re comfortable with’: Shibulal.
Standard & Poor's puts bickering Narendra Modi, Rahul Gandhi in place, says majority elusive.
Apr 15, 2014
The revenues of Infosys for the fourth quarter ending March 30, 2014 rose by 23%.
Apr 15, 2014
Indian rupee did not move much against US dollar, something that it has been seen to be doing for last few weeks.
The reading for January WPI inflation was revised to 5.17 per cent from 5.05 percent earlier.
United Spirits' stock ended the day 11.58 per cent higher at Rs 2,853.15 on the BSE.
Inflation rose to a three month high of 5.7 pct in March mainly due to spurt in prices of food items.
BofA-ML sees RBI cutting rates by 50 basis points in March next.
SpiceJet claimed it was the first Indian airline to implement such an initiative.
The financial crisis of 2008 has shown that 'old values have become obsolete', said Paul.
ReutersApr 15, 2014
India has been battling a prolonged spell of high inflation and low growth.
Shares of Infosys rallied by 3.31 per cent to Rs 3,343 in early trade.
Apr 15, 2014
The revenues of Infosys for the fourth quarter ending March 30, 2014 rose by 23%.
Apr 15, 2014
Diageo seeks to acquire additional shares in United Spirits, at 3,030 rupees a share.
Sandeep SinghApr 15, 2014
Shares of 39 BSE100 companies up over 25% since February; 15 of top 25 gainers are infrastructure firms.
Former government auditor Vinod Rai has said if the CBI enquiry against PC Parakh ends up accusing him, “it will indeed be a black day for Indian bureaucracy and investigative systems”.
In his book, Parakh had said, “The CBI is not equipped to find the truth.
Mihir MishraApr 15, 2014
The Business Jets India aircraft was found to be carrying luggage in the lavatory of the plane.
Govt, corporate sector deposits fall due to decline in industrial output.
India-US ties sank to a new low with the arrest of former Indian deputy consul-general Devyani Khobragade last year.
SurabhiApr 15, 2014
PF manager to focus on R3K crore of arrears in interest & damages.
ReutersApr 14, 2014
The World Trade Organization slightly raised its 2014 forecast for growth in global goods trade.
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