Daily Newsletter | Sunday, June 19, 2016 | | Raghuram Rajan's critics happy he's calling time at RBI | A large section of the market is happy that Raghuram Rajan is leaving RBI in September and they are hoping that someone who’s more pragmatic and understands the complex structure of the Indian banking and the economy would step into his shoes. They feel Rajan had used his position very well and to India’s advantage to tackle the currency crisis of 2013, but thereafter his policies were not suited to the Indian system. In a way, these people TOI spoke to supported the view of Subramanian Swamy, a BJP MP and former Harvard professor who has been gunning for Rajan’s exit for the last few months, saying the former University of Chicago professor is no doubt an accomplished academician but for India, he is a misfit. However, none of the fund managers, corporate heads and economists was willing to go on record on this. |
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| | 15 'most-loved' tech CEOs of 2016 | According to the Glassdoor Employees' Choice Awards announced recently, several CEOs from the industry rank among the top 50 'Highest-rated CEOs' list. |
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Microsoft enters the marijuana business | As state after state in the US has legalised marijuana in one way or another, big names in corporate America have stayed away entirely. Marijuana, after all, is still illegal, according to the federal government. |
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7 best headphones available under Rs 1,000 | Looking for a good headphone to buy? One that delivers high-quality sound. However, don't want to spend too much. Also, the vast array of options available on e-commerce websites making the task difficult. Here's help. Below are some of the best headphones available in the market priced below Rs 1,000. |
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| 1st T20I: Zimbabwe pull off thrilling two-run win over India | Neville Madziva defended eight runs in the last over as Zimbabwe recorded one of their famous victories over a fancied Indian side, a two-run win in the first T20I of the three-match series at the Harare Sports Club on Saturday to take 1-0 lead. |
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Last delivery was 'brilliant', says Dhoni | Mahendra Singh Dhoni, who has taken his side past the finishing line with his assured batting in crunch situations, found the last delivery bowled by Zimbabwe paceman Neville Madziva to be a "brilliant" one. |
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| Rajan's announcement likely to hit market next week | Dalal Street investors are readying for a lower opening of the sensex on Monday as a knee-jerk reaction to RBI governor Raghuram Rajan’s decision to not continue in his post after his term ends. However, the main concern for the Street is the rupee, and not bonds or stocks, market players said. |
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Government extends 25 per cent tax on wheat imports | The government has extended a 25% tax on wheat imports to help curb cheap shipments with domestic stockpiles rising in the country, which is the world's second-biggest wheat producer. Wheat stocks at state-owned warehouses across the country reached more than 40 million tonnes at the start of June. |
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