Finance ministry’s opposition prompts RBI to deny request for higher valuation of shares The Reserve Bank of India has denied a request by Tata Sons to acquire Japanese telecom giant NTT DOCOMO’s stake in Tata Teleservices Ltd at a price higher than the current fair value of TTSL shares. RBI’s denial followed the finance ministry opposing the proposal, on the grounds that it would set a wrong precedent for all such transactions. A statement by Tata Sons (the holding company of ... Rediff.com, 1 month ago
3 images for "bank of japan rsquo"
TOKYO: Japan’s core inflation slowed for a fifth month in December and is seen pressured further by collapsing oil, putting more distance to the central bank’s two per cent price target even as other data point to a steady recovery for the ...Himalayan times, 2 months ago
Retail giant Walmart has the world’s largest number of employees. Take a look at world’s 10 largest employers, according to a ranking by 24/7 Wall St. Image: Wal-Mart Stores, largest employer. Photograph: Reuters Wal-Mart StoresRank: 1 Total employees: 2,200,000 Revenue: $476.3 billion Walmart is the world's largest company by revenue in 2014. Founded by Sam Walton in 1962, it has over 11,000 stores in 27 countries. Photograph, courtesy: G4S ...Rediff.com, 3 days ago
The dollar’s strength sent exports down by $3 billion -- but imports fell much more sharply, by $10 billion. Markets were stunned when China’s latest trade data were released earlier this week. China saw a 15 per cent drop in exports in March 2015 (compared with March 2014), and imports also dipped 12 per cent. Projections for Chinese growth were accordingly pared down to seven per cent, or just below that level. For the powerhouse of global trade to register these numbers suggests ...Rediff.com, 1 week ago
Markets gained for the fifth straight session led by a rally in bank shares after global rating agency Moody's revised India's sovereign outlook to positive from stable while Reliance Industries extended gains on talk of huge gas find. The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the 50-share Nifty gained 63.90 points at 8,778.30. Among broader markets, BSE Midcap index inched up 0.2.5% whereas the BSE Smallcap index gained over 0.7%. The market breadth was positive with ...Rediff.com, 2 weeks ago
Pitching for relaxing ‘administrative controls’ to improve ease of doing business, top industry leader Deepak Parekh has said that impatience has begun creeping in among businessmen as nothing has changed on ground in first nine months of the Narendra Modi government. He said the industry is still optimistic about the changes it expects from the Modi government, but optimism is not translating into revenues and there has been little improvement on 'ease of doing business' front so ...Rediff.com, 2 months ago
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914. Markets came off their record highs and the benchmark Sensex ended its eight day winning streak, amid a volatile trading session, as investors booked profits ahead of the expiry of January derivative contracts tomorrow and caution ahead of US Federal Reserve's annoucement later today. The 30-share Sensex lost 12 points to end at 29,559 after hitting a record high of 29,786 and the ...Rediff.com, 2 months ago Sensex falls to four-week closing low; Sun Pharma plunges Rediff.com, 6 days ago Sensex ends in red, Nifty at 2-week low; telecom shares rally Rediff.com, 1 month ago Sensex rises, Nifty ends at record high; RIL shares rally Rediff.com, 1 month ago
Govt continues to dither on anti-dumping duty against cheap Chinese steel imports; risk of steel sector NPAs looms large as production is unviable. The central government’s Make-in-India initiative is making waves abroad. But in India, the story is different. Steel makers in the country are finding it difficult to make products in India. The country imported 9.31 million tonnes (mt) of steel in FY15, an increase of 71 per cent over the previous year, as producers are capping production.Rediff.com, 3 days ago
Continuing its winning streak for the second straight session, the rupee on Wednesday strengthened by another 3 paise to 62.82 against the US dollar on persistent selling of the American currency by banks and exporters amid fresh foreign capital inflows into the equity market. The rupee resumed flat at 62.85 per dollar at the at the Interbank Foreign Exchange (Forex) market and hovered in a range of 62.7150 and 63.02 before concluding at 62.82 per dollar, showing a gain of 3 paise of 0.05 per ...Rediff.com, 5 days ago
The rupee's strength has had an overall negative effect on merchandise trade The fourth quarter (Q4) results of TCS provide pointers to likely results from other exporters. TCS registered lower than expected sales and profits, at least in part due to the rupee's strength. The rupee has strengthened appreciably against most currencies. Between January 1 and March 31, the rupee was up by 11.9 per cent, 6.26 per cent, 1.5 per cent and 1.2 per cent versus the euro, pound, yen, and dollar ...Rediff.com, 5 days ago
on your WebpageAdd Widget >Get your members hooked!