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India’s indigenously developed nuclear capable sub-sonic cruise missile ‘Nirbhay’, which can strike targets more than 700 kms away, was on Friday test-fired from a test range at Chandipur in Odisha.

Bank G overnor Raghuram Rajan on Monday said that nobody but Mahatma Gandhi should feature on the currency notes. "There are so many great Indians, but of course he (Gandhi) stands above head and shoulders above every one. There are many great Indians that we could get on the notes.

The Securities & Exchange Board of India (Sebi) has issued final guidelines for infrastructure investment trusts (Invits) and real estate investment trusts (Reits), instruments expected to help these sectors raise resources to meet a funds crunch. They could generate investment of as much as $20 billion, according to some experts. 

New Delhi : The government today said the rupee has fared better than those of other emerging economies and the exchange rate has stabilised. Risks to capital flows were accentuated due to volatile global conditions and the US Federal Reserve's announcement last May of tapering its fiscal stimulus had severely hit the rupee value. "Government, RBI and Sebi took a number of measures to facilitate capital inflows and stabilise the forex market.