The Reserve Bank of India has suggested Finance Ministry to set limits for investment in government securities in domestic currency instead of dollar as it would provide more headroom for investment by (Foreign Institutionl Investor) FIIs.

RBI, according to sources, has written to the Finance Ministry to consider setting up Foreign Institutional Investors (FIIs) limit in rupee terms.

With the US Federal Open Market Committee (FOMC) dovish announcements behind us, the markets will now exclusively focus on the developments in the Eurozone with respect to Greece. We are only ten days away from the June 30th deadline by which Greece has to pay back the IMF more than a billion dollars. Without a new bailout package, that would be impossible and the Greeks stand on the verge of a default.

Surprisingly, the market has not priced in the likely hood of a Grexit with the Euro holding up above 1.13 against the US Dollar and European bond yields have not been bid strongly either. Perhaps there is a strong belief among market participants that we may see positive news flow after the talks start with an emergency summit on Monday evening.

NEW DELHI: This June 21, it will be all about spreading the "universal acceptability of yoga irrespective of religions."

AYUSH officials along with some professionals have come up with programmes featuring the talks and journeys of over 20 popular Muslim yoga instructors in the country that will be telecast on DD News on Sunday.

India has the potential to grow at 8-9 per cent or even more in the next one to two years and global investors cannot ignore such an economy, Finance Minister Arun Jaitley said on Friday while blaming policy instability for deterring investment in the past.

Jaitley, responding to questions at a talk organised here by the Columbia Business School during his last day in the city, said there is certainly an improvement as far the investment in India is concerned.

New Delhi: India on Friday offered help to Tanzania for developing its natural gas sector as the two countries discussed ways to broaden economic and strategic engagement between Asia’s third largest economy and a key East African state.

The offer was extended by Prime Minister Narendra Modi during talks with visiting Tanzanian President Jakaya Kikwete who arrived in India on Wednesday. Kikwete, a two-term president who will step down in October, is in India on a four-day visit. This is the first visit by an African head of state since the Modi government took office in May 2014.

ITC Infotech has launched an annual technology conference platform, ‘iTech 2015’. The company will organise a 2-day IoT hackathon event at its campus in Bengaluru on 4th and 5th July, 2015.

The event will allow its participants with an opportunity to develop ideas to prototypes across a wide range of business challenges.

MUMBAI: The finance ministry which has been looking to energise the public sector banks with talent from private peers received an unexpected retort from the chief of the nation's biggest lender, Arundhati Bhattacharya, on how it may not be of much help in reviving investments if their track record is any indication.

State Bank of India chairman Bhattacharya had to defend her ilk last week at a meeting with the finance minister Arun Jaitley when the banks were questioned on their poor performance on loans which grew 7.4% in fiscal 2015, compared with 17% for private banks.

Did Mukesh Ambani say something unusual at Reliance Industries’ 41st annual general meeting (AGM) last week that resulted in the sharp move of its stock price? The stock has rallied over 12 per cent in the past week, closing at Rs 996.50 on Friday.

Analysts think so. Most of them have either upgraded their recommendation or have changed their price target.

NEW DELHI: State-run NTPC has switched on an 800 MW hydel plant to join a select group of global peers who span the entire fuel chain — coal, gas, hydro power and renewables — for generating greener electricity.

Last week, the country's largest fossil fuel-based generation utility quietly switched on the last of the four 200 MW units of its first hydel project in Bilaspur district of Himachal Pradesh, roughly 145 km before the tourist destination of Manali.

New Delhi, June 18: Oil and Natural Gas Corporation Ltd (ONGC) has asked the government to extend the tenure of its partner Cairn India's prolific Rajasthan oil block by 10 years without any change in terms and conditions.

Cairn has a significant discovery in the Raageshwari field in the Rajasthan block and wants the Centre to extend the term by 10 years beyond the contractual deadline of 2020. Such an extension needs the approval of the state-run exploration company.

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