interest rates

Spain auction sees lower borrowing costs for benchmark bond


September 21st, 2012 - 12:05 pm ICT by IANS
Madrid, Sep 21 (IANS/EFE) Spain's Treasury sold 4.8 billion euros ($6.2 billion) worth of debt Thursday in an auction that attracted strong demand, paying a sharply lower interest rate on ... Read more...

Posted in Business |

More steps soon for fiscal consolidation: Chidambaram


September 17th, 2012 - 11:24 pm ICT by IANS
New Delhi, Sep 17 (IANS) The government will take more steps in coming months to ensure fiscal consolidation and boost economic growth, Finance Minister P. Chidambaram said Monday.Talking to reporters ... Read more...

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United Bank cuts interest rates on loans above Rs.1 crore


September 11th, 2012 - 6:07 pm ICT by IANS
Kolkata, Sep 11 (IANS) United Bank of India has reduced interest rates by 0.75 percent to 2.75 percent on medium and small loans above Rs.1 crore with effect from Sep ... Read more...

Posted in Business |

August car sales down over 18 percent: SIAM


September 10th, 2012 - 4:24 pm ICT by IANS
New Delhi, Sep 10 (IANS) Higher fuel prices and interest rates and a slowdown in the economy saw car sales plummeting more than 18 percent in August, the biggest drop ... Read more...

Posted in Business |

SBI cuts interest rates on NRE deposits by 0.50 percent


September 5th, 2012 - 5:54 pm ICT by IANS
New Delhi, Sep 5 (IANS) State Bank of India (SBI), the country's largest lender, said Wednesday it will cut interest rates on fixed deposits on non-resident external rupee (NRE) ... Read more...

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SBI cuts fixed deposit rates by up to 1 percent


September 5th, 2012 - 5:21 pm ICT by IANS
New Delhi, Sep 5 (IANS) The country's largest lender State Bank of India (SBI) said Wednesday it will cut interest rates on term deposits by 0.50 percent to 1 ... Read more...

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M&M; logs 22 percent sales growth in August


September 1st, 2012 - 5:51 pm ICT by IANS
Chennai, Sep 1 (IANS) Automobile major Mahindra & Mahindra Ltd (M&M;) Saturday announced that it has logged 22 percent sales growth in August this year as compared to the same ... Read more...

Posted in Business |

Spanish consumer confidence at all-time low


August 4th, 2012 - 10:55 am ICT by IANS
Madrid, Aug 4 (IANS/EFE) Spain's ICC consumer confidence index dipped in July to its lowest level since the monthly survey was launched, the official Center for Sociological Research said.The ICC, ... Read more...

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PNB hikes interest rate on fixed deposit by 0.25 percent


August 2nd, 2012 - 5:31 pm ICT by IANS
Mumbai, Aug 2 (IANS) The government-run Punjab National Bank Thursday hiked interest rates on term deposit of one year period by 0.25 percent to 9 percent for both domestic and ... Read more...

Posted in Business |

SBI cuts interest rates on term deposits


August 2nd, 2012 - 5:19 pm ICT by IANS
Mumbai, Aug 2 (IANS) The country's largest lender State Bank of India (SBI) Thursday said it will reduce interest rates on domestic term deposits of five year period or ... Read more...

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Mahindra & Mahindra grows 19 percent in July


August 1st, 2012 - 5:04 pm ICT by IANS
Chennai, Aug 1 (IANS) Utility vehicle major Mahindra & Mahindra Ltd (M&M;) closed July with 19 percent growth in sales selling 47,059 units.In a statement issued Wednesday, M&M; said the ... Read more...

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Subbarao sees scope to cut rates in 2012


July 31st, 2012 - 6:17 pm ICT by IANS
Mumbai, July 31 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao Tuesday said persistent high inflation did not allow the central bank to cut interest rates immediately but there ... Read more...

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Australia’s new home sales rise


July 30th, 2012 - 3:04 pm ICT by IANS
Sydney, July 30 (IANS) New home sales in Australia rose for a second consecutive month in June, an association said Monday.The Housing Industry Association (HIA) New Home Sales report showed ... Read more...

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SIAM slashes car sales growth forecast to 9-11 percent


July 10th, 2012 - 9:15 pm ICT by IANS
New Delhi, July 10 (IANS) The Society of India Automobile Manufacturers (SIAM) Tuesday cut passenger car sales forecast to 9-11 percent for the current financial year owing to weak macro-economic ... Read more...

Posted in Business |

Obama seeks more action to rebuild US economy


July 8th, 2012 - 9:33 am ICT by IANS
Washington, July 8 (IANS) Stating that the country needs to do more than just reclaim the jobs lost during the recession, President Barack Obama has called for more action ... Read more...

Posted in Politics |

US stocks wobble despite rate cuts


July 6th, 2012 - 4:46 am ICT by IANS
New York, July 6 (IANS) US stocks wobbled around the breakeven line Thursday, as rate cuts in both China and Europe failed to ignite the market.The European Central Bank cut ... Read more...

Posted in Business |

Beijing home sales rebound


July 2nd, 2012 - 3:56 pm ICT by IANS
Beijing, July 2 (IANS) A property market rebound has been seen in Beijing as home sales in China's capital jumped to 25,602 units in June, 10.5 percent more than in ... Read more...

Posted in Business |

Rupee ends at 57.12 after slipping to 57.33 against a dollar (Lead)


June 22nd, 2012 - 7:11 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 to a dollar for ... Read more...

Posted in Business |

Rupee in free fall, slips below 57 against dollar


June 22nd, 2012 - 2:37 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 against a dollar for ... Read more...

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Rupee slumps to record low of 56.57 against dollar (Lead)


June 21st, 2012 - 4:12 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.57 against a dollar Thursday due to increased demand for the American currency by oil importers and ... Read more...

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Vedanta sells 3,000 tonnes aluminium at premium


June 20th, 2012 - 8:38 pm ICT by IANS
Bhubaneswar, June 20 (IANS) Anil Agarwal-promoted Vedanta group, India's largest aluminium producer, Wednesday said it has sold 3,000 tonnes of aluminium to an Asian buyer at $220 per tonne premium ... Read more...

Posted in Business |

Chinese banks may cut mortgage rates


June 11th, 2012 - 8:08 pm ICT by IANS
Beijing, June 11 (IANS) Chinese banks may lower their mortgage rates after the central bank decided to cut its benchmark interest rates last week, a media report said Monday.The Guangdong ... Read more...

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RBI removes penalty on prepayment of home loans


June 5th, 2012 - 11:04 pm ICT by IANS
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Tuesday announced removal of foreclosure charges/prepayment penalty on home loans with floating interest rates.In a notification, the central bank said ... Read more...

Posted in Business |

SBI mulls reduced interest rates for small, medium enterprises


May 29th, 2012 - 10:04 pm ICT by IANS
Chennai, May 29 (IANS) India's largest government-owned lender, State Bank of India (SBI) plans to reduce its lending rates for small and medium enterprises (SMEs) from June onwards so ... Read more...

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GPF interest rate raised to 8.8 percent


May 24th, 2012 - 9:16 pm ICT by IANS
New Delhi, May 24 (IANS) The government Thursday said deposits under the General Provident Fund (GPF) will attract 8.8 percent interest in 2012-13 against 8.6 percent in the previous year."The ... Read more...

Posted in Business |

Banks expected to pass on cost savings to borrowers


April 17th, 2012 - 7:27 pm ICT by IANS
Chennai, April 17 (IANS) The cut in reverse purchase (repo) rate by 50 basis points by the Reserve Bank of India (RBI) Tuesday would reduce the cost of funds for ... Read more...

Posted in Business |

India’s central bank cuts key rates


April 17th, 2012 - 12:42 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- ... Read more...

Posted in Business |

Sensex rises 21 points, banking stocks rally


April 16th, 2012 - 3:31 pm ICT by IANS
Mumbai, April 16 (IANS) A benchmark index for Indian equities markets was trading 21 points higher in the afternoon session Monday on speculation that the Reserve Bank of India's ... Read more...

Posted in Business |

Spain raises 2.59 bn euros in bond sale


April 5th, 2012 - 11:57 am ICT by IANS
Madrid, April 5 (IANS/EFE) Spain's Treasury raised 2.59 billion euros ($3.4 billion) Wednesday in an auction of bonds maturing in 2015, 2016 and 2020, but paid sharply higher interest rates ... Read more...

Posted in Uncategorized |

Hyundai Motor sales up in March


April 2nd, 2012 - 2:59 pm ICT by IANS
Chennai, April 2 (IANS) India's second largest car manufacturer Hyundai Motor India Ltd closed last month with 6.6 percent growth in sales though its exports fell by 15.26 percent compared ... Read more...

Posted in Business |

Interest rates on small savings raised by up to 0.50 percent


March 26th, 2012 - 8:57 pm ICT by IANS
New Delhi, March 26 (IANS) The government Monday announced raising of interest rates on small savings such as National Savings Certificate (NSC), Public Provident Fund (PPF) and post office deposits ... Read more...

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Sensex closes 238 points lower (Lead)


March 15th, 2012 - 5:17 pm ICT by IANS
Mumbai, March 15 (IANS) Indian equities closed in the red Thursday with a benchmark index slipping 238 points as investors were disappointed after the Reserve Bank of India (RBI) ... Read more...

Posted in Business |

Reserve Bank of India keeps rates unchanged


March 15th, 2012 - 12:50 pm ICT by IANS
Mumbai, March 15 (IANS) In line with expectations, the Reserve Bank of India (RBI) Thursday decided to keep key interest rates unchanged in its mid-quarter monetary policy decision."On the basis ... Read more...

Posted in Business |

Australian consumer sentiment falls


March 14th, 2012 - 2:32 pm ICT by IANS
Sydney, March 14 (IANS) Australia's consumer sentiment has tumbled after the Reserve Bank of Australia (RBA) decided to leave the cash rate unchanged at 4.25 percent in February and March, ... Read more...

Posted in Business |

Brazil takes new measure to stabilise currency rate


March 13th, 2012 - 1:59 pm ICT by IANS
Rio de Janeiro, March 13 (IANS) The Brazilian government announced Monday a new measure aimed at checking the inflow of foreign speculative capital and stabilising the exchange rate of the ... Read more...

Posted in Business |

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