Government will kickstart overseas roadshows from Monday to gauge investor appetite for the Rs 4,000 crore NMDC stake sale.
The dinner was attended by Finance Minister Arun Jaitely along with other senior officials of the ministry.
The BSE benchmark Sensex ended the week with sharp gains to regain the psychological 28K-level to garner 749.86 points, while the broader Nifty reclaimed the key 8,800-level.
RBI Governor Raghuram Rajan on Saturday said that he chose the "least bad" option of raising forex through FCNR(B) scheme three years ago, but it had helped in strengthening the rupee and stabilising the currency market.
The Reserve Bank of India after outgoing Governor Raghuram Rajan will deal with a markedly different set of priorities, Deutsche Bank said in a special report.
A day before demitting office, Reserve Bank Governor Raghuram Rajan on Saturday said the RBI's ability to say 'no' to highest echelons of government has to be protected as the country needs a strong and independent central bank.
In his last public speech before demitting office, Reserve Bank Governor Raghuram Rajan on Saturday made a vigorous case for a strong and independent central bank that can say 'no' to highest echelons of the government to ensure macroeconomic stability.
With just four weeks remaining for the black-money disclosure scheme to close, the government has given declarants an option to declare their undisclosed income through electronic filing rather than physical presentation of documents.
Supreme Court on Friday asked the Sahara Group to come clean by disclosing its sources from where it had raised Rs. 25,000 crore and paid its investors in cash, observing that it is "difficult to digest" as such a huge amount "cannot fall from the heavens."
As an excellent listener and communicator, the outgoing RBI Governor Raghuram Rajan used all the modes of communication to stop the market from running ahead and got it open-mouthed instead, says a report.
The rupee continued its stellar performance against the US currency for the fourth straight day today ending higher by 13 paise at 66.82 on heavy dollar selling.
HDFC Bank on Friday briefly toppled Reliance Industries to become the country's second most valuable company in terms of market valuation.
Telecom stocks bounced back during the fag-end of trade Friday, rising by up to 3 percent, on emergence of buying at lower levels after witnessing sharp losses amid the announcement of launch of much-talked about Jio 4G service.
The Labour Ministry is actively considering proposal of a voluntary pension scheme mooted by the Employees' Provident Fund Organisation (EPFO), a senior government official has said.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 percent and the NSE Nifty soared 237.10 points or 2.76 percent, biggest weekly gains in over two months.
Under new Governor Urjit Patel, RBI is expected to institutionalise policy changes initiated to curb inflation and clean up the balance sheets of banks, Fitch said.
Telecom stocks extended losses for the second straight session today, falling up to 3.5 percent, after Mukesh Ambani yesterday announced the launch of much-talked about Jio 4G service, offering free voice calls and national roaming.
Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors for purchase of government debt securities worth over Rs 7,000 crore on September 6.
The former IMF chief economist said he wanted a second term at the central bank to complete the unfinished task "but just didn't reach an agreement" with the government on that.
To further strengthen risk management framework of commodity derivatives market, regulator Sebi on Thursday asked exchanges to impose higher margins in case of excessive volatility.