Diabytes
Eu referendum poll News
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The news of UK's exit from the European Union has also triggered a massive jolt in the global financial markets, forcing several countries to adopt defensive measures to tackle the crisis.
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Country's strong macro-economic fundamentals will help it withstand the Brexit fallout, although companies having exposure to the UK need to realign their strategies to stave off the negative impact on their businesses, India Inc said on Friday.
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Finance Minister Arun Jaitley and Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said a solid economy and planned government reforms would allow the country to withstand any major impact from Britain`s vote to leave the European Union.
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Britain's exit from the European Union will have a muted impact on the over USD 17 billion Mahindra Group, but the event highlights the importance of sound risk management for the corporate world, the Group said Friday.
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Tata Sons on Friday termed access to markets and skilled workforce as "important considerations" after Britain voted in favour of leaving the European Union and said that each of its 19 firms having interests in the UK will do a business review.
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The UK vote to leave the EU has opened up a "Pandora's box of grave uncertainties" and India cannot be in denial that it will be immune to the development, Biocon CMD Kiran Mazumdar-Shaw has said.
London stocks plunged around eight percent in opening deals Friday, with share prices of banks and housebuilders collapsing by about a third after Britain voted to leave the EU.
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London stocks were in the frontline of the fall-out from the vote to leave with FTSE registering over 8 percent losses.
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Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
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Shares of companies with exposure to the UK went into a tailspin, plummeting up to 8 percent, as Britain's decision to leave the European Union dealt a big blow to investor sentiment.
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Gold surged to the highest level in more than two years in a frantic global hunt for haven assets as Britain's voters were projected to back leaving the European Union after a historic poll.
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Seeking to allay concerns over Brexit impact on India, RBI Governor Raghuram Rajan on Friday said that the central bank will intervene in currency markets when necessary.
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Investors' wealth in stock market took a hit of nearly Rs 1.8 lakh crore today as Dalal Street felt the heat of Brexit with the benchmark Sensex plunging over 600 points -- its worst performance in over four months.
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Exuding confidence on India's ability to tackle with the fall out of Brexit, Finance Minister Arun Jaitley on Friday said government will aim to smoothen volatility and minimise Brexit impact on the economy in the short-term.
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In a historic development, the UK has voted to leave the European Union after 43 years as the 'Brexit' camp today took a seemingly unassailable lead over the 'Remain' camp in a down-to-wire referendum with far reaching implications for the world.
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