Moody’s postpones decision on Italy’s downgrade for a month
September 17th, 2011 - 6:04 pm ICT by IANS
Moscow, Sep 17 (IANS/RIA Novosti) Moody's international rating agency has extended its review for possible downgrade of Italy's Aa2 local and foreign currency government bond ratings, it said in a ... Read more...
Posted in Business |
Britain turning a nation of hoarders?
September 16th, 2011 - 8:24 pm ICT by IANS
London, Sep 16 (IANS) Britain is becoming a nation of hoarders, a new research has found.With interest rates being low, people in Britain have started either to invest in art ... Read more...
Posted in World |
‘No pre-payment charge on floating rate bank loans’
September 6th, 2011 - 6:51 pm ICT by IANS
Mumbai, Sep 6 (IANS) To help common people better manage their borrowing costs in view of fluctuating interest rates, banking ombudsmen have asked all banks not to levy any fee ... Read more...
Posted in Uncategorized |
Deregulate savings bank account product wholly: PNB chief
August 24th, 2011 - 10:59 pm ICT by IANS
Kolkata, Aug 24 (IANS) Stressing the need to deregulate the savings account product in its entirety, a top official of the state-run Punjab National Bank Wednesday said mere deregulation of ... Read more...
Posted in Business |
Tata plans 100 utility vehicle showrooms
August 10th, 2011 - 11:09 pm ICT by IANS
Kolkata, Aug 10 (IANS) Automobile major Tata Motors is planning 100 exclusive utility vehicle (UV) showrooms across the country as part of its enhanced focus on the segment, a company ... Read more...
Posted in Business |
Dow Jones Industrial Average down as trading opens
August 10th, 2011 - 10:07 pm ICT by Aishwarya Bhatt
New York, Aug 10 (THAINDIAN NEWS) The Dow Jones Industrial Average shed most of the gains it made on Tuesday at the opening of trading on Wednesday. Just an hour into trading ... Read more...
Posted in Business |
Reserve Bank of India Governor D.Subbarao gets two-year extension
August 9th, 2011 - 3:14 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government Tuesday approved the extension of Reserve Bank of India Governor D. Subbarao's tenure by two years, which officials said could be because of ... Read more...
Posted in Business |
China likely to further raise interest rates: Analysts
August 7th, 2011 - 2:56 pm ICT by IANS
Beijing, Aug 7 (IANS) China is likely to increase benchmark interest rates again in the near term to curb inflation, say analysts.A let-up of the government's tightening measures in the ... Read more...
Posted in Business |
Union Bank of India hikes base rate by 50 basis points
August 6th, 2011 - 5:09 pm ICT by IANS
Mumbai, Aug 6 (IANS) Public sector lender Union Bank of India (UBI) Saturday said it has increased its base rate by 50 basis points following hike in key interest rates ... Read more...
Posted in Business |
GM India eyes 25 percent growth, Cadillac launch not soon
August 4th, 2011 - 5:10 pm ICT by IANS
Kolkata, Aug 4 (IANS) General Motors expects its India operations to grow by 20-25 percent this financial year despite high auto interest rates and inflation that have slowed the country's ... Read more...
Posted in Business |
Hyundai Motor’s July sales down 1.5 percent
August 1st, 2011 - 4:46 pm ICT by IANS
New Delhi, Aug 1 (IANS) Automobile major Hyundai Motor Monday reported a decline of 1.5 percent in sales for July at 49,667 units as against 50,411 units in the corresponding ... Read more...
Posted in Business |
Interest rate hike won’t curb inflation, says BJP
July 27th, 2011 - 7:57 pm ICT by IANS
New Delhi, July 27 (IANS) Contending that the interest rate hike by the Reserve Bank of India will not help curb inflation, the Bharatiya Janata Party said the government ... Read more...
Posted in Politics |
Maruti Suzuki’s Q1 net profit zooms at 18.02 percent
July 26th, 2011 - 3:10 pm ICT by IANS
Mumbai, July 26 (IANS) Automobile giant Maruti Suzuki Tuesday reported an increase of 18.02 percent in its net profit for the first quarter of the current fiscal at Rs.549.23 crore, ... Read more...
Posted in Business |
Another rate hike feared in central bank’s policy review Tuesday
July 25th, 2011 - 1:42 pm ICT by IANS
Mumbai, July 25 (IANS) All eyes will be on the Reserve Bank of India (RBI) as it takes up a review of the monetary policy Tuesday, with most fearing ... Read more...
Posted in Business |
China’s bank lending reaches $97 bn in June
July 12th, 2011 - 11:07 am ICT by IANS
Beijing, July 12 (IANS) China's bank lending rebounded to 633.9 billion yuan ($97.52 billion) in June from May's 551.6 billion yuan, Xinhua reported Tuesday.The June figure was 20.7 billion yuan ... Read more...
Posted in Business |
Yes Bank to invest Rs.5,000 crore in education infrastructure
July 9th, 2011 - 11:18 pm ICT by IANS
Kolkata, July 9 (IANS) Yes Bank is planning to raise its investment in the educational infrastructure sector 10 times to Rs.5,000 crore by 2015, a top official said here Saturday.The ... Read more...
Posted in Business |
SBI hikes lending rates, EMIs to rise
July 7th, 2011 - 9:25 pm ICT by IANS
Mumbai, July 7 (IANS) The country's largest lender, the State Bank of India (SBI), Thursday increased its lending rates by 25 basis points -- a decision that will make ... Read more...
Posted in Business |
Food inflation is down sharply
June 30th, 2011 - 1:53 pm ICT by IANS
New Delhi, June 30 (IANS) In what could come as a respite to consumers and policymakers, India's food inflation slipped to 7.78 percent for the week ending June 18, compared ... Read more...
Posted in Business |
High inflation not acceptable: Pranab
June 23rd, 2011 - 6:03 pm ICT by IANS
New Delhi, June 23 (IANS) Finance Minister Pranab Mukherjee Thursday said high inflation levels were not acceptable and the government would make all efforts to bring them down.Latest official ... Read more...
Posted in Business |
Food inflation climbs to 9.13 percent
June 23rd, 2011 - 1:51 pm ICT by IANS
New Delhi, June 23 (IANS) India's food inflation rose to 9.13 percent for the week ended June 11, compared to 8.96 percent recorded in the previous week, official data showed ... Read more...
Posted in Business |
Foreign funds sell $329.5 mn worth of stocks during week
June 19th, 2011 - 3:37 pm ICT by IANS
Mumbai, June 19 (IANS) As investors sentiments dampened at Indian equities markets during the trading week ending Friday, foreign funds sold stocks worth $329.49 million, according to data available ... Read more...
Posted in Business |
Price stability needed to sustain growth: Pranab
June 16th, 2011 - 4:33 pm ICT by IANS
New Delhi, June 16 (IANS) India need to have better price stability to sustain economic growth in the medium-term, Finance Minister Pranab Mukherjee said Thursday, and added that the ... Read more...
Posted in Business |
Duel with inflation continues, RBI hikes rate again
June 16th, 2011 - 1:48 pm ICT by IANS
Mumbai, June 16 (IANS) Continuing its hawkish monetary stance to curb high inflation, the Reserve Bank of India (RBI) Thursday hiked short-term lending rates by 25 basis points, the tenth ... Read more...
Posted in Business |
Markets quiet ahead of monetary policy review
June 16th, 2011 - 11:36 am ICT by IANS
Mumbai, June 16 (IANS) Indian equities markets were trading subdued in Thursday morning trade as traders were watchful ahead of the mid-quarter monetary policy review by the Reserve Bank ... Read more...
Posted in Business |
Sensex falls sharply, rate hike feared (Second Lead)
June 15th, 2011 - 4:41 pm ICT by IANS
Mumbai, June 15 (IANS) Indian equities markets were in the red Wednesday afternoon with traders fearing another rate hike by the country's central bank when it takes up the ... Read more...
Posted in Business |
Post office savings account interest be hiked, says panel
June 7th, 2011 - 10:11 pm ICT by IANS
New Delhi, June 7 (IANS) A committee headed by Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath has recommended that the interest rates on post office savings accounts ... Read more...
Posted in Business |
General Motors’ May sales up 1.3 percent
June 1st, 2011 - 5:45 pm ICT by IANS
New Delhi, June 1 (IANS) Buoyed by the sale of its compact car segment, global automotive major General Motors' Indian subsidiary Wednesday reported an increase of 1.3 percent in sales ... Read more...
Posted in Business |
Non-food items driving inflation: Pranab
May 12th, 2011 - 8:32 pm ICT by IANS
New Delhi, May 12 (IANS) Even as food inflation for the week ended April 30 was recorded at a lower 7.7 percent, Finance Minister Pranab Mukherjee Thursday said increased ... Read more...
Posted in Business |
Sensex in red, auto stocks fall in morning trade
May 4th, 2011 - 11:14 am ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets dived into the red in morning trade Wednesday with auto stocks continuing to lose a day after the ... Read more...
Posted in Business |
Continental Group to buy Modi Tyres
April 18th, 2011 - 1:36 pm ICT by IANS
Mumbai, April 18 (IANS) The world's fourth largest tyre company, Germany based Continental Group, has signed an agreement to buy the tyre unit of Modi Rubber."The company has signed agreements ... Read more...
Posted in Business |
Gaddafi’s finance minister fears Libya may run out of cash
April 12th, 2011 - 3:05 pm ICT by ANI
Tripoli, Apr 12(ANI): Libya's Finance Minister Abdulhafid Zlitni fears the Muammar al-Gaddafi regime may run out of funds within months if there is no quick resolution to the political and military crisis.Zlitni ... Read more...
Posted in World |
Food inflation in India falls to 9.52 per cent
March 10th, 2011 - 3:59 pm ICT by ANI
New Delhi, Mar 10(ANI): The food inflation rate has fallen to a single digit at 9.52 per cent for the week ended February 26.The decline has been attributed to decrease in prices ... Read more...
Posted in Business |
Banking access to all villages with 2,000 people: RBI
February 8th, 2011 - 10:16 pm ICT by IANS
Raipur, Feb 8 (IANS) The Reserve Bank of India (RBI) has planned to make banking accessible to all villages with population more than 2,000 by March 2012, bank governor D. Subbarao said ... Read more...
Posted in Business |
Sensex rises, monetary policy awaited
January 25th, 2011 - 11:00 am ICT by IANS
Mumbai, Jan 25 (IANS) A benchmark index for Indian equities markets Tuesday rose in early trade ahead of the monetary policy review by the Reserve Bank of India which is expected ... Read more...
Posted in Business |
RBI may hike key interest rate by 25-50 basis points
January 13th, 2011 - 6:07 pm ICT by IANS
Gandhinagar, Jan 13 (IANS) India's central bank is likely to raise key interest rate by 25-50 basis points when it reviews the monetary policy later this month, said the chairman of the ... Read more...
Posted in Business |