Business

Rahul Gandhi Favourite to be Next Prime Minister: TV Poll

Rahul Gandhi, scion of Nehru-Gandhi political dynasty, is the favourite choice to be the country's next Prime Minister, a CNN-IBN opinion poll showed on Monday.

Asia Banks Face Dollar Funding Squeeze After US Downgrade

Indian Economy Can Handle Current Financial Crisis: Pranab Mukherjee

Amid a fall in the stock markets in the wake of economic problems in the US, Finance Minister Pranab Mukherjee on Monday said India's fundamentals are strong and the government is ready to address any concern that may arise.

Rupee May Gain From US Downgrade

Dollar weakness following the US downgrade by rating agency S&P will support the rupee, though weakness in equities could weigh the Indian currency down, said dealers.

Weakness in Big Economies May Hurt India More Than S&P Move

India Faces $41 Billion Exposure to US Debt

As one of the 15-largest foreign creditors to the US, India's exposure to the United States' ballooning debts is estimated at $ 41 billion -- higher than the money America owes to countries like France and Australia.

For India, the Shock May Come From Commodities: Former RBI Governor

Continuously Assessing Impact of US Crisis, Says RBI

Noting that India was not insulated from global developments like the downgrade of the US, the Reserve Bank on Monday said it was closely monitoring the situation and would continuously assess the impact on the Indian economy and financial markets.

US Blues Make Indian Markets See Red

US Downgrade Likely to Rattle Ratings of Other AAA Nations

Bond market experts believe that Standard & Poor's reduction of the US credit rating to AA+, may make it more difficult for other top-rated countries to keep their AAA rankings.