CII release says that it has taken note of the mid cycle intervention by RBI in the form of interest rate hike to rein in inflation, which has been a matter of concern for a while, and CII sees this as a series of actions from RBI to deal with this persistent problem of inflation [...]

India become a full-fledged member of Financial Action Task Force (FATF), an inter-governmental body, responsible for setting global standards on anti-money laundering (AML) and combating the financing of terrorism (CFT). As a part of its Membership, a joint FATF / Asia Pacific Group Mutual Evaluation Team visited India in November-December, 2009 for on-site assessment of [...]

The BSE Sensex saw gains for the fourth session in a row closing up 273 points, Dow regained the 10,000 mark and Other markets in Asia and Europe also saw good gains on Monday. However, given the state of global markets, experts say that the high volatility of the past few weeks is not going [...]