In August, the rupee stood at 44 per US dollar against the current 53 per US dollar. But if the Indian currency falling is a pain for some, for others it has come with handsome gains.The fast deteriorating value of the Indian rupee is spelling good news for some and bad news for others. With [...]

Amidst all the fuss with FDI in mutli-brand retail, government has finally given nod to 100% FDI in single-brand retail.

Citigroup, the US banking company led by Indian-American Chief Executive Vikram Pandit, is set to lay off about 4,500 employees over the next few months to cut costs amid tough economic times. Some of the job cuts, representing 1.7 percent of the group’s total global headcount of 267000 as at the end of September, would [...]

As India’s growth is disappearing, the rupee is in disarray, and inflation is stuck at near-record levels. Investor sentiment has gone from cautious to outright scared. India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the Reserve Bank of India with a difficult choice [...]

Indian Corporate Profits are being hampered by High interest rates and input costs. Adding to the misery is the weakening rupee , with heavy forex losses taking India Inc’s profits further down.

Rupee has crossed it’s mark against Dollar, with trading above Rs 50 against the dollar, remittances from non-resident Indians are surging. In October, the local currency was trading at around Rs 45. Banks like Kotak Mahindra Bank is witnessing a 40-50% y-o-y growth in remittances, while other smaller banks are seeing their NRI deposits growing [...]

Claire’s Stores Inc, one of the world’s leading fashion jewelry and accessories retailers, and DLF Brands, a subsidiary of real estate major DLF, has come upon the agreement to bring the brand to India.

Pakistan yesterday gave India the MFN (Most Favored Nation) status, but what does it mean for India?

Indian exports in September was slower than few previous months, rising only 36.36% to $24.82 billion compared to $18.2 billion during the corresponding month of the previous year.

With the onset of festive season, Diwali is set to add more gains to the retailers as it is expected that after more than three months of sluggish growth, the market is decked with consumer durables, goods and automobiles companies predicting a cracker of a season.