Many of India’s 29 states are large emerging markets in themselves: Uttar Pradesh has more people than Brazil; Maharashtra is as populous as Mexico. Image: The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending, say experts. Photograph: Reuters The states of India deserve a break. They have been living under harsh budget constraints that New Delhi has seldom accepted for itself. The upcoming Budget gives Finance Minister Arun Jaitley a chance ... Rediff.com, 1 month ago
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Benchmark share indices scaled record highs for the fourth straight session, amid a rallly in global stocks, after the European Central Bank announced higher-than-expected monetary stimulus measures to boost the economy in the euro zone. The European Central Bank's plan to buy Euro 60 billion ($69 billion) worth of private and public Euro-area bonds a month, popularly known as quantitative easing (QE), till September next year have cheered investors sentiments across the globe. The 30-share ...Rediff.com, 1 month ago Sensex ends 184 points higher led by IT; Infosys up 5% Rediff.com, 1 month ago
1 0 The U.S. is back in the driver&rsquos seat of the worldwide economy right after 15 years of watching China and emerging markets take the lead.The planet&rsquos greatest economy will expand by three.2 % or a lot more this year, its very best ...NewsHub South Africa, 1 month ago
US investors received the majority of the notes at 44 per cent, while Asia took 31 per cent while the remainder went to European buyers. Reliance Industries has raised $1 billion in debt through a 10 year bond issue at an interest rates considered lowest in Asia and with almost no new-issue premium. "The Notes will be denominated in US dollars, and will bear fixed interest of 4.125 per cent per annum, with interest payable semi-annually in arrears," RIL said, adding the funds will be utilised ...Rediff.com, 1 month ago
Meeting against the backdrop of the world economy facing multiple challenges, the 45th edition of the WEF meet would discuss 'The New Global Context'. The annual congregation of rich and powerful people at the high profile WEF annual meeting at Davos next week will see over 2,500 corporate and political leaders, including Finance Minister Arun Jaitley as also 40 heads of states and governments from across the world. German Chancellor Angel Merkel, French President Francois Hollande, Chinese ...Rediff.com, 1 month ago
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers The Sensex posted its seventh biggest single-day fall in history, amid weak global cues, after the sharp fall in global crude oil prices raised worries over global growth slowdown and the political uncertainty in Greece also weighed on market sentiment. The 30-share Sensex ended down 854.86 points or 3.1% at 26,987.46 and the 50-share Nifty ended down 251.05 points or 3% at 8,127.35. On July 6, 2009, the Sensex had ...Rediff.com, 1 month ago
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