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FinancialExpress.com picks up top business news of 2015

Tue December 29 2015, 6:52 am
  • As the year 2015 comes to an end, we take a look at significant business news/events that ruled the world as well as Indian economy. From the biggest hit to Sensex to the much talked about to Maggi fiasco; China's currency devaluation and US Fed rate hike, we look back at the most important ones of 2015.
    Full coverage: Year-Ender 2015

  • Reserve Bank of India RBI Governor Raghuram Rajan cut the interest rate in January for the first time in nearly two years and followed up with two other reductions to bring down the central bank lending rate to 6.75 per cent. The overall reduction in rate this year was by 125 basis points. (Reuters photo)
    Full coverage: Year-Ender 2015

  • China crisis: Worries over China's economy peaked in the middle of this year, resulting in a 45 per cent plunge in Chinese stocks, accelerated capital flight and a record fall in FX reserves. Selling was fueled by the perception that Beijing was increasingly powerless to halt the tide despite taking a wide range of measures. Beijing devalued the yuan on August 11. (Reuters photo)
    Full coverage: Year-Ender 2015

  • Greece economic crisis: Greece came closer than ever to crashing out of the euro, defaulting on an International Monetary Fund loan. A referendum on a third international bailout was called in late June after the Syriza government called off talks with creditors. Deep political turmoil ensued, finance minister Yanis Varoufakis resigned and capital controls were introduced. A bailout was eventually agreed weeks later, but not before 2-year Greek yields soared to 60 per cent and volatility spread through world markets. (Reuters photo)
    Full coverage: Year-Ender 2015

  • Indian Rupee: Owing to factors such as US Fed rate hike worries, China yuan devaluation in August and some foreign money outflow, the Indian rupee is set for the fifth straight year of fall in 2015. The Indian currency seems to have found a new bottom after hovering between two extremes of being billed the world's worst as well as the best performing currency and the experts see the range of 65-70 as the new normal. (AP photo)
    Full coverage: Year-Ender 2015

  • Sensex: The year 2015 marked the worst single-day loss on August 24 when the Sensex took a sharp plunge of 1,624.51 points following a steep devaluation of Chinese currency yuan in the beginning of August. After a roller-coaster ride, Dalal Street is headed for its worst performance in four years in 2015 — when foreign investors pushed the benchmark Sensex to a life-time high before puncturing the rally by pulling out billions of dollars from their ‘favourite’ market. The Sensex has lost over 1,600 points in 2015, after gaining nearly 30 per cent in the previous year. The index had last registered an yearly loss in 2011 when it fell 24 per cent. (Reuters photo)
    Full coverage: Year-Ender 2015

  • India as fastest growing large economy: Notwithstanding a sharp cut in the government's growth forecast at the fag end, 2015 will go down as the year when India emerged as the fastest-growing large economy, despite setbacks such as 12 months of negative export growth, another bad monsoon and roadblocks to the far-reaching goods and services tax regime. (Reuters photo)
    Full coverage: Year-Ender 2015

  • Maggi controversy: In June 2015 , FSSAI had banned Maggi noodles, claiming that it was "unsafe and hazardous" for consumption after finding lead content beyond permissible limits. Nestle is estimated to have taken a hit of Rs 450 crore and had to destroy over 30,000 tonnes of the instant noodles. Furthermore, Nestle India reported a standalone loss of Rs 64.40 crore in the April-June quarter for the first time in 15 years. (Reuters photo)
    Full coverage: Year-Ender 2015

  • Advanced Enzyme Technologies Ltd IPO

    Advanced Enzyme Technologies Ltd IPO is going to hit capital markets on Wednesday

  • Volkswagen diesel scandal: In September, Volkswagen (VW) admitted that around 11 million clean diesel cars sold worldwide contain software to fool regulators, with the vast majority of cars likely to be in Europe. The company recalled 482,000 VW and Audi brand cars in the US after the Environmental Protection Agency (EPA) found models with Type EA 189 engines had been fitted with a device designed to reduce emissions of nitrogen oxides (NOx) under testing conditions. (Reuters photo)
    Full coverage: Year-Ender 2015

  • Crude Oil: The year 2015 saw selling pressure in all asset classes, be it stocks or commodities markets. Globally various commodities faced an oversupply situation, especially crude oil. Crude oil registered second straight negative return of more than 25% due to increased supply . (Reuters photo)
    Full coverage: Year-Ender 2015

  • Gold: Gold prices continued to slide as prices of the yellow metal fell in the international market following expectation of interest rate hike by US Federal Reserve.The domestic demand was down as people waited for correction in prices. (AP photo)
    Full coverage: Year-Ender 2015

  • US Fed rate hike: The US Federal Reserve in its December meet finally raised the interest rates for the first time in nine years by 25 basis points. The move was seen as an historic decision that officially marks the end of the global financial crisis. (Reuters photo)
    Full coverage: Year-Ender 2015

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