Rajan Effect: Rupee Rises, Sensex on High

A day after Raghuram Rajan took over as the new RBI Governor, the market welcomed with great enthusiasm. The BSE Sensex soared 550 points in the opening trade. The Indian Rupee, which has been at the receiving end, rose to 65.54 against the…

Uliburu Mining Scam: Deepak Gupta Arrested

In a big development, the main accused in the multi-crore Uliburu mining scam, Mr. Deepak Gupta was arrested today. The Vigilance sleuths confirmed that they have strong evidence against Deepak and his family in the scam. Earlier, the…

ATF Hiked, Air Fares to go up by 10-15%

The declining Rupee, Syrian crisis and fuel price hike have taken a toll on the aviation industry. The Aviation Turbine Fuel (ATF) or Jet Fuel has been hiked by a steep 6.9%, which means there will be a 10-15% hike in all air fares in the…

Raghuram Rajan takes over as RBI Governor

Raghuram Govind Rajan, Chief Economic Advisor in the Finance Ministry, will take over as the new RBI Governor today at a time when Indian Economy is struggling to find its rhythm. Rajan took charge from Duvvuri Subbarao. He will be at the…