RBI’s Rajan takes his fight against crony capital further with his &#...
The Reserve Bank of India (RBI) under Raghuram Rajan has moved once again to end the cosy system of crony banking where politically-favoured borrowers can avoid paying their dues despite having the ability to do so. Without saying so, the RBI may also be trying to cut off the ability of wayward... read more »
HCL says strong dollar likely to hit revenue in December quarter
New Delhi: HCL Technologies Ltd, India’s fourth largest software services exporter, on Tuesday said the strengthening dollar against global currencies including the British pound, euro and Australian dollar is likely to have an adverse impact on the company’s revenues for the three months ended... read more »
Gold prices fall by 0.21 per cent in futures trade on global cues
Gold prices eased by 0.21 per cent to Rs 26,800 per 10 grams in futures trade on Tuesday, tracking a weak global trend, as speculators offloaded their position. Market analysts said the fall in gold futures was mostly due to a weakening trend in the global market. At the Multi Commodity Exchange... read more »
Satyam case verdict on March 9
The judgement in the criminal aspect of Satyam Computer accounting scandal which was supposed to be delivered by a special court here on Tuesday has been postponed to March 9. The court was to give the verdict in three cases filed by the Central Bureau of Investigation since April 2009. Former... read more »
