Wall Street looked set for another rout on Monday as alarm bells rang across world markets following a more-than 8 per cent drop in Chinese shares and a steep fall in prices of oil and other commodities.
Prabhat Dairy IPO opens on Aug 28, price band at Rs 140 – Rs 147/share (24-08-2015)
It’s ‘Black Monday’ again; 7 out of ten biggest crashes on Dalal Street (24-08-2015)
It was a ‘Black Monday’ again in markets today and history shows that seven out of the ten biggest carnages on Dalal Street has taken place on a Monday! This strange coincidence holds true…
Rupee slumps to 66.65 as China woes rattle global markets (24-08-2015)
The rupee slumped to as low as 66.65 per dollar in the evening session, its lowest since September 2013, as Asian markets reeled under fears of a China-led global economic slowdown. The…
Emerging assets hit new multi-year lows on China contagion (24-08-2015)
Contagion from China’s equity malaise spread across emerging markets on Monday, driving a 4 per cent tumble in the benchmark equity index, while currencies fell 1-2 per cent to multi-year lows aga…
Rate cuts not goodies, but natural result of low prices: Raghuram Rajan (24-08-2015)
Rajan also said that RBI is ready to deploy forex reserves to stem the market volatility amid the bloodbath