MUMBAI: Breaking the streak of severe battering it suffered in the last few days, the rupee on Thursday soared by a staggering 225 paise to end at 66.55 against the dollar and the sensexjumped by over 400 points on the back of RBI opening a special dollar facility for PSU oil companies. 

After the rupee plunged to an all-time low of 68.85 on Tuesday, the RBI allowed the three state-owned oil companies to buy dollars directly, the latest in a series of moves to arrest volatility in the domestic currency, which has slid over 20 per cent since April 30. 

With PSU oil firms needing USD 8.5 billion every month to import 7.5 million tonnes of crude oil, the swap window will help to ease demand in the spot market. The rupee bounced back to 66.51 before ending at 66.55, a rise of 225 paise or 3.27 per cent — the biggest single-day rise in 15 years. 

The Most Powerful Women in Indian Business

More than half the 30 women featured in Business Today's listing this year are debutants.

Vinita Bali, Renuka Ramnath and Renu Sud Karnad
Vinita Bali, Renuka Ramnath and Renu Sud Karnad
Many dream. But only a few, gifted with talent, tenacity and luck, manage to realise their dreams. As in previous years, our annual listing of the Most Powerful Women in Indian Business, the 10th, celebrates the triumphs - achieved in the face of numerous challenges, including at times their own inhibitions - of women who have succeeded in living their dreams.

No longer are banal comparisons with the other gender required. These women are comfortable in their own skins, most managing career and home with equal elan.

The number of such women is also growing as evinced from the fact that 16 of the 30 women featured this time are debutants on the list. First-generation entrepreneurs, marque deal makers, meticulous litigators, housewives turned managing directors (MDs), marketing wizards, chefs, PSU heads, IT professionals - all figure in our diverse list in a separate section, 'New Entrants'.

The 30 apart, we also have three women this year moving into the coveted 'Hall of Fame' - reserved for those who have made it to the list at least seven times. In this section, with which our package opens, Britannia Industries MD Vinita Bali, Multiple Alternate Assets Management MD and CEO Renuka Ramnath, and HDFC MD Renu Sud Karnad recall the breakthrough moments of their remarkable careers in their own words.

Each is a story of hard work and personal sacrifice culminating in iconic achievement.
KNOW YOUR LEADERS

Popular Posts

Blogger templates

Blogger news

Blogroll

Powered by Blogger.