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In the week ahead, investors will be focusing on the outcomes of a spate of central bank meetings, with the ECB, the Bank of Japan, the Bank of England and the Reserve Bank of Australia all to hold monetary policy assessments. Monday,…

Argentina has just hours to avoid a second debt default in 13 years that could plunge the country into turmoil. Under a US court order, Argentina has to pay certain hedge funds demanding full payment on defaulted bonds till this midnight…

Markets staged a recovery in late trades to end higher, ahead of the expiry of July derivative contracts, with investors also awaiting the outcome of the US Federal Reserve’s meeting later in the day. The S&P BSE Sensex gained nearly…

US economic growth accelerated more than expected in the second quarter .The second-quarter U.S. gross domestic product report came in at up 4.0%, which was a big miss to the upside. A 3.0% rise was expected versus a reading of minus 2.9%…

India's foreign exchange reserves have swelled in recent months to a near record high. Forex reserves rose to $317.8 billion on July 18 from a low of $275 billion in August 2013, but the country is nowhere near the comfort level of February…

E-Commerce giant Flipkart announced raising $1 billion from new and existing investors. The company has raised the largest round of funds ever to be raised by any e-commerce company in India. With the latest round of fund raising the…

Markets extended losses amid profit taking as lack of buying interest by institutional investors dragged the BSE benchmark index below 26,000. Weakness in RIL, ICICI Bank, Tata Motors and ONGC weighed on the indices heavily. For the day,…

Larsen and Toubro Ltd (L&T) said fiscal first quarter profit more than doubled as it got more orders and sold some assets. Net profit at India’s biggest engineering and construction firm rose to Rs.966.89 crore in the three months…

The Reserve Bank has cancelled the licenses of six Delhi-based non banking financial companies following which they would not be able to conduct business. The Reserve Bank of India has cancelled the certificate of registration of the…

India’s measures to raise the investment limit for foreign institutional investors (FIIs) in government bonds is a positive for the country’s credit profile since it will help stabilize domestic interest and currency rates. Raising the…