Markets slumped during the week, with the benchmark BSE Sensex erasing all gains of 2015 after weak factory growth in China raised global growth concerns while the devaluation of the yuan and worries over foreign capital outflows dragged the rupee to
The Reserve Bank of India (RBI) on Wednesday allowed 11 business houses, including Reliance Industries, the Aditya Birla group and leading telecom companies Airtel and Vodafone to start payments banks.
Domestic equity markets witnessed huge volatility after a sharp sell-off by foreign institutional investors (FIIs) triggered the carnage on 'Black Monday', on concerns that the economic slowdown in China would hurt global growth.
India's benchmark equities indices witnessed carnage on Black Monday with the markets recording their biggest single-day percentage decline since January 2009.Fearful investors shunned equities, tracking a sharp sell-off in Chinese stocks over
For two sessions in a row, the Tata Motors' stock ended in the green, gaining eight per cent as China cut interest rates, reduced bank reserve ratio requirement (RRR) and announced a further 300-basis-point RRR cut for financial-leasing and