The New Indian Express - News - RSS Feed from The New Indian Express en Copyright 2012 The New Indian Express. All rights reserved. Sat, 25 Jun 2016 21:35:18 +0530 Sat, 25 Jun 2016 18:25:36 +0530 News Sky is the limit for India's infrastructural appetite: Jaitley Finance Minister Arun Jaitley has said the sky is the limit for India's appetite to draw infrastructural investments. Sat, 25 Jun 2016 18:25:33 +0530 India clears deal to buy 145 artillery guns from BAE Systems Under the deal, 120 of the 145 guns will be assembled in India, said the source, who asked not to be identified in line with defence ministry rules. Sat, 25 Jun 2016 17:55:56 +0530 Moody's cuts British credit outlook after Brexit vote Change that will come with resignation of David Cameron will create uncertainty over the country's financial discipline. Sat, 25 Jun 2016 16:34:06 +0530 Global markets lose $2.1 trillion in Brexit rout Britain's shock vote to pull out of the European Union wiped $2.1 trillion from global equity markets. Sat, 25 Jun 2016 13:26:51 +0530 Brexit puts UK-China financial services linkages at risk Britain's shock vote to leave the European Union could derail a raft of financial services projects agreed between China and the United Kingdom. Sat, 25 Jun 2016 12:09:59 +0530 Person behind the success of Amira Groups Sat, 25 Jun 2016 12:05:56 +0530 Brexit: Britain's credit outlook cut to 'negative' Pro-Leave MP and former London Mayor Boris Johnson is tipped as favourite to replace him. Sat, 25 Jun 2016 09:50:54 +0530 IMF keeps watch on Brexit, stands ready to offer support Sat, 25 Jun 2016 08:38:31 +0530 TRAI seeks stakeholders response on Digital Terrestrial Broadcasting TRAI is expecting comments and counter-comments from stakeholders by July 22, 2016. Sat, 25 Jun 2016 08:37:21 +0530 Global stocks tumble after Britain votes to leave the EU Stocks plunged in the U.S. and worldwide Friday after Britain voted to leave the European Union. Sat, 25 Jun 2016 05:31:29 +0530 Trade bruised, but pain unlikely to last long Markets plunged, leaders took to microphones to assure investors, Cos with exposures to the UK and Europe took a beating Sat, 25 Jun 2016 04:20:18 +0530 Politics takes centre stage, markets volatility is here to stay The British may be done with Brexit decision, but for investors and financial markets, the jury is yet to be out. Sat, 25 Jun 2016 04:15:49 +0530 Global stocks tumble after Britain votes to leave the EU The result stunned investors, who reacted by rushing to the safety of gold and U.S. government bonds. Sat, 25 Jun 2016 00:36:35 +0530 Oil prices plunge as Britain votes to leave EU Financial markets have been worried for months about what Brexit, or a British exit from the European Union. Sat, 25 Jun 2016 00:07:14 +0530 Sterling plunges to 31-year low, biggest ever fall, as UK votes Brexit London bankers working through the night said they hadn't seen anything like the volatility sweeping across UK assets. Sat, 25 Jun 2016 00:03:16 +0530 Wall Street slides as Brexit takes investors by surprise Britain's FTSE 100 stock index closed down 3.2 percent after dropping as much as 8.7 percent. Asian stocks also tumbled. Fri, 24 Jun 2016 23:51:10 +0530 Investments dropped by 5 per cent in Telangana, says ASSOCHAM report Telangana should intensify ‘Ease of doing Business’ to attract Investors in large numbers: ASSOCHAM. Fri, 24 Jun 2016 21:01:46 +0530 Wall Street opens sharply lower after Brexit vote Investors fled to safe-harbor assets such as gold and U.S. Treasury bonds, while dumping risky ones such as equities and oil. Fri, 24 Jun 2016 19:13:46 +0530 Wall Street set to open sharply lower after shock Brexit vote U.S. stocks had risen in recent sessions as investors bet that Britain would remain part of the EU. Fri, 24 Jun 2016 19:08:44 +0530 Brexit to force Indian firms to rework business strategy: Industry As Brexit roiled financial markets, top industry leaders today said India cannot be in a denial mode. Fri, 24 Jun 2016 18:19:16 +0530 Government, RBI seek to soothe wracked investor nerves after Brexit India has enough resilience to withstand medium to long term impact and is well prepared to deal with any volatility. Fri, 24 Jun 2016 17:33:10 +0530 Brexit fallout: Sensex crashes 605 points, Nifty takes 181-point hit Total investor wealth, measured in terms of cumulative market value of all listed stocks, tanked nearly 1.79 lakh crore. Fri, 24 Jun 2016 17:00:50 +0530 Tears in London but trading floors buzz in Brexit meltdown In London, banking stocks lost a quarter of their value as the FTSE-100 index tumbled 5.0 percent in morning trade. Fri, 24 Jun 2016 16:29:18 +0530 Rajan wants central banks to keep off competitive devaluation The Governor said the issue of competitive devaluation of currencies is one of the concerns for the past many months. Fri, 24 Jun 2016 16:17:12 +0530 Nokia appoints Sanjay Malik India head Nokia today announced the appointment of Sanjay Malik as the head of Indian market, effective August 1. Fri, 24 Jun 2016 15:50:29 +0530 Brexit drags rupee lower, RBI tries to arrest steep fall The rupee had dived over 1.4 per cent to 68.21 per dollar during the intra-day trade so far. Fri, 24 Jun 2016 15:37:43 +0530 Will provide liquidity, correct disorderly market behaviour: Rajan Rajan promised to provide liquidity & correct any disorderly market behaviour following UK's vote to walk out of the EU. Fri, 24 Jun 2016 15:10:08 +0530 Sensex pares some early losses after initial crash RBI intervention to infuse liquidity and dollar selling, helped the rupee and Sensex to recover from their day's low. Fri, 24 Jun 2016 14:59:14 +0530 World stocks in freefall as UK votes for EU exit Billions were wiped from share values as Europe saw London's FTSE drop 6 percent in early deals. Fri, 24 Jun 2016 14:52:23 +0530 Sahara auction: Sebi adds 16 land parcels, bid price Rs 650 cr Sebi added 16 land parcels of Sahara with a reserve price of over Rs 650 cr to the list of properties to be auctioned. Fri, 24 Jun 2016 14:47:21 +0530 Near-term uncertainty for Indian IT companies as Britain leaves EU Europe is the second largest market for Indian IT-BPM industry constituting almost 30 pc of the sector's export revenue. Fri, 24 Jun 2016 14:41:21 +0530 Gold hits 26-month high of Rs 30,885 on Brexit, weak rupee The rupee too hit a four-month low of 68.21 against the US dollar, making the dollar-quoted gold expensive. Fri, 24 Jun 2016 14:36:11 +0530 Jaitley, Rajan say country will withstand Brexit vote The Nifty was last down 3.7 percent, with companies heavily exposed to Britain markets among the leading decliners Fri, 24 Jun 2016 14:33:53 +0530 London stocks cut losses on Cameron resignation In opening London deals, share prices of banks and housebuilders had collapsed by about a third, but also won back some ground in later trade. Fri, 24 Jun 2016 14:23:36 +0530 NSE to auction investment limits for Rs 6,950-cr govt bonds The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs, after the close of market hours. Fri, 24 Jun 2016 12:49:53 +0530 Bank of England says will take all necessary steps to ensure stability Carney said earlier this year that a Brexit vote would also test the "kindness of strangers" who fund the country's big current account deficit. Fri, 24 Jun 2016 12:36:08 +0530 RBI governor Rajan: not time for cenbanks to devalue currencies The comments came as part of an interview with CNBC TV 18 on the global fallout from Britain's vote to leave the European Union. Fri, 24 Jun 2016 12:33:15 +0530 From beer to drugs to cars: Global business laments EU vote Shares in the company's owner, India's Tata Motors, slumped more than 10 percent. Fri, 24 Jun 2016 12:25:34 +0530 Sensex plunges 1,058 points on Brexit; Market-cap down Rs 4-trn Market benchmark Sensex took a big 1,058-point plunge this morning as UK's vote to exit European Union sent financial markets into a tailspin. Fri, 24 Jun 2016 12:15:39 +0530 RBI chief Rajan: Won't see strong foreign investor selling Rajan added India needed to focus on forming its monetary policy committee and passing a key tax reform or the goods and services tax (GST) to ensure macro-economic stability. Fri, 24 Jun 2016 12:00:27 +0530 Oil prices dive as Britain votes to leave EU The dollar fell below 100 yen for the first time since November 2013, while the pound dropped by the most in living memory. Fri, 24 Jun 2016 11:58:55 +0530 Jaitley seeks to calm Indian markets amid Brexit mayhem The news pulled the rupee down to below the $68 mark while a key stocks index lost over 1,000 points. Fri, 24 Jun 2016 11:40:10 +0530 Brexit knocks off over Rs 4-trn from India stock market wealth This marked a plunge of nearly Rs 4 lakh crore from Rs 101.4 lakh crore at the end of yesterday's trade. Fri, 24 Jun 2016 11:27:23 +0530 Brexit: Rupee plunges 96 paise; pares some loss on RBI support The rupee was trading down by 58 paise at 67.83 against the American currency in late morning deals. Fri, 24 Jun 2016 11:11:57 +0530 BlackBerry reports $670 mn loss, may exit smartphone business Although much of the loss was down to restructuring charges, sales also fell to $400 million, down 39 per cent on a year earlier, The Telegraph reported on Friday. Fri, 24 Jun 2016 10:59:23 +0530 Black money window: IT dept publishes list of asset valuers Valuers are registered with the IT department under the Wealth Tax Rules. Fri, 24 Jun 2016 10:23:44 +0530 RBI likely preventing rupee from falling past 68.20/dollar, traders say The Indian rupee was trading at 68.1225/68.1300 to the dollar at 9.24 a.m. after tumbling to as low as 68.22 to the dollar. Fri, 24 Jun 2016 10:11:54 +0530 Rupee cracks 68-mark; tanks 96 paise vs USD on Brexit jitters Heavy demand for the American currency from importers and banks and foreign fund outflows weighed on the domestic currency, forex dealers said. Fri, 24 Jun 2016 09:42:51 +0530 Sensex tanks 948 pionts as polls show 'Leave' ahead in Brexit vote On frenetic selling in early trade today, market benchmark Sensex nosedived by over 948 points to crack the crucial 27,000-mark. Fri, 24 Jun 2016 09:39:22 +0530 Britain votes to leave EU in historic divorce Britain has voted to leave the European Union, the BBC said based on voter tallies from Thursday's referendum. Fri, 24 Jun 2016 09:34:58 +0530 Bankers take fright as UK vote count points to Brexit A total of 243 out of 382 counting areas had declared their results by 0304 GMT, with a 51.1 percent majority vote for leave. Fri, 24 Jun 2016 09:10:25 +0530 Tata ordered to pay NTT DoCoMo $1.2 bln in arbitration award for JV stake The Japanese company said in a statement the award was for Tata Sons' breach of their shareholders' agreement. Fri, 24 Jun 2016 07:53:23 +0530 Nirmala counts on 'extra push' to lift textile exports, job creation Textile is a sector where India has gained a lot of advantage. It has a great potential for job creation, Sitharaman said. Fri, 24 Jun 2016 03:35:08 +0530 Airlines are not demons, caps not a solution: Raju The Civil Aviation Minister came to the defence of airlines amid concerns over arbitrary hikes in airfares. Fri, 24 Jun 2016 03:33:16 +0530 Go soft on black money declarants, says CBDT Jurisdictional principal commissioner or commission of income tax should be the one and only point of contact with declarant. Fri, 24 Jun 2016 03:31:42 +0530 Toyota launches diesel engine plant Toyota Industries Corporation - Japan (TICO), announced inauguration of a Rs 1,100 cr engine plant in Bengaluru. Fri, 24 Jun 2016 03:31:05 +0530 Biocon, Quark get DCGI nod for new eye drug trials Both companies also received approval to proceed with the study, first ever clinical trial of a siRNA therapy in India. Fri, 24 Jun 2016 03:28:58 +0530