When asked about his views on ‘Atmanirbhar Bharat’ during a webinar, Raghuram Rajan said, “I don’t know, I don’t know what it is.” He added, “I want to believe it’s a variation of (Make in India) theme. (But) if the focus is on import substitution by erecting tariffs then I think it’s a direction we’ve […]

       ADIA, Abu Dhabi Investment Authority, to pay a cheque of Rs. 5,684 Crores to buy 1.16% stake of the sovereign wealth fund, according to a release issued on Sunday by the Reliance Industries Limited subsidiary. The transaction gives Jio Platforms an equity valuation of Rs4.91 trillion and an enterprise value of Rs5.16 […]

        IT firm Tata Consultancy Services (TCS) on Monday became the second Indian company to reach the $100-billion market capitalisation milestone, after the company reported better-than-expected quarterly results. Mukesh Ambani’s Reliance Industries was the first Indian company to reach the $100-billion mark, in October 2007, though it is currently valued at $89.7 […]

      The world’s debt reached a record $164 trillion in 2016, which is worth 225% of the world’s Gross Domestic Product, according to the International Monetary Fund. The world is now 12% of GDP deeper in debt than the previous peak in 2009, the IMF added. Notably, China alone contributed more than 40% […]

     Benchmark indices pared most losses after  sliding more than 3% and the rupee weakened as a global market rout whacked sentiment, adding to existing investor concerns ahead of a central bank meeting this week and a new capital gains tax later in the year. Overnight, US markets had suffered their biggest loss in over six […]