rate hike

Jet fuel price hiked by 3.2 percent


August 16th, 2012 - 4:29 pm ICT by IANS
New Delhi, August 16 (IANS) Jet fuel or aviation turbine fuel (ATF) price was hiked Thursday by over 3.2 percent, according to the Indian Oil Corporation (IOC).Jet fuel constitutes over ... Read more...

Posted in Business |

Mamata ‘disappointed’ with petrol price hike, demands rollback (Lead)


July 24th, 2012 - 12:04 am ICT by IANS
Kolkata, July 23 (IANS) Trinamool Congress supremo and West BengaL Chief Minister Mamata Banerjee Monday expressed her "disappointment" over the announcement of a petroleum price hike, and demanded ... Read more...

Posted in Business |

Jayalalithaa condemns parcel rate hike by railways


June 6th, 2012 - 12:55 am ICT by IANS
Chennai, June 5 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Tuesday condemned the 25 percent hike in parcel charges by Indian Railways, and urged the centre to roll back the ... Read more...

Posted in Politics |

Jayalalithaa opposes rate hike on rural infra loans


April 27th, 2012 - 2:42 pm ICT by IANS
Chennai, April 27 (IANS) Tamil Nadu Chief Minister J.Jayalalithaa Friday urged Prime Minister Manmohan Singh not to raise the interest rates on loans provided under the Rural Infrastructure Development ... Read more...

Posted in Business |

Whirlpool introduces new products for larger market share


March 22nd, 2012 - 7:56 pm ICT by IANS
New Delhi, March 22 (IANS) Home appliances firm Whirlpool Thursday unveiled a new range of products in six categories priced between Rs.10,000 and Rs.1,00,000.Whirlpool said it hoped to capture 25 ... Read more...

Posted in Business |

Quiet freight hike to pull railways out of red


March 19th, 2012 - 4:54 pm ICT by IANS
New Delhi, March 19 (IANS) His fare hike proposals may have turned controversial for political reasons, but what has gone largely unnoticed is Dinesh Trivedi's quiet move to increase ... Read more...

Posted in Business |

Modi asks PM to withdraw freight rate hike


March 7th, 2012 - 11:05 pm ICT by IANS
New Delhi, March 7 (IANS) Objecting to the hike in freight rates ahead of the railway budget March 14, Gujarat Chief Minister Narendra Modi Wednesday wrote to Prime Minister ... Read more...

Posted in Business |

Sensex tumbles to two-year low, despite rate hike pause (Roundup)


December 16th, 2011 - 6:46 pm ICT by IANS
Mumbai, Dec 16 (IANS) Indian equities markets saw fresh round of selling Friday with a benchmark index falling 345 points to an over two-year low even though the Reserve ... Read more...

Posted in Business |

India Inc welcomes RBI’s decision to pause rate hike


December 16th, 2011 - 6:30 pm ICT by IANS
New Delhi, Dec 16 (IANS) Welcoming the Reserve Bank of India's decision to put a pause on the rate hike, India Inc. Friday said the central bank's move would help ... Read more...

Posted in Business |

RBI rate action awaited anxiously


December 16th, 2011 - 11:14 am ICT by IANS
Mumbai, Dec 16 (IANS) Market punters and economists are hoping that the Reserve Bank of India (RBI) will Friday hold off another rate hike in the wake of slowing ... Read more...

Posted in Business |

RBI may not hike rates as growth slows


December 15th, 2011 - 3:17 pm ICT by IANS
New Delhi, Dec 15 (IANS) Industrial production dipping into the negative and growth slowing down will play a major role in the Reserve Bank of India's decision on key interest ... Read more...

Posted in Business |

No direct link between rate hike and inflation: Pranab


November 29th, 2011 - 6:16 pm ICT by IANS
New Delhi, Nov 29 (IANS) With inflation remaining stubbornly near double digits in the last two years despite an aggressive monetary tightening policy by the Reserve Bank of India ... Read more...

Posted in Business |

Sensex climbs from two-year low to close 158 points up


November 24th, 2011 - 7:20 pm ICT by IANS
Mumbai, Nov 24 (IANS) A benchmark index for Indian equities in a late rally Thursday moved up from its two-year low and closed 158 points higher as buying picked ... Read more...

Posted in Business |

Food inflation dips marginally


November 11th, 2011 - 1:52 pm ICT by IANS
New Delhi, Nov 11 (IANS) India's food inflation continued to be in double digits during the week ended Oct 29, although it dipped marginally to 11.81 percent, official data showed ... Read more...

Posted in Uncategorized |

Rate hike, fuel cost hit car sales


November 10th, 2011 - 7:15 pm ICT by IANS
New Delhi, Nov 10 (IANS) Production losses at market leader Maruti Suzuki coupled with damp buyer sentiment due to high interest rates and rising fuel prices have resulted in the ... Read more...

Posted in Business |

Trinamool’s opposition to petrol hike meaningless: Biman Bose


November 9th, 2011 - 7:11 pm ICT by IANS
Kolkata, Nov 9 (IANS) West Bengal's Left Front Wednesday termed as "meaningless" the Trinamool Congress' opposition to the petrol price hike and asked why the party did not protest ... Read more...

Posted in Politics |

Will not bear another hike, says Mamata as PM rules out rollback


November 9th, 2011 - 12:07 am ICT by IANS
Kolkata/New Delhi, Nov 8 (IANS) Trinamool Congress chief Mamata Banerjee Tuesday gave a reprieve to the Congress-led United Progressive Alliance (UPA) but served a fresh ultimatum of walking out ... Read more...

Posted in Politics |

No decision on savings account rate hike: City Union Bank


November 5th, 2011 - 6:36 pm ICT by IANS
Chennai, Nov 5 (IANS) Private sector City Union Bank has decided to play a wait-and- watch game in respect of revising its interest rates on savings bank accounts, an official ... Read more...

Posted in Business |

Rising inflation due to festive season demand: Mukherjee


November 3rd, 2011 - 7:13 pm ICT by IANS
New Delhi, Nov 3 (IANS) Finance Minister Pranab Mukherjee Thursday attributed rising food inflation, which touched a nine-month high, to the increased demand for essential products in the festive ... Read more...

Posted in Business |

No rate hike, global cues helps Sensex close 516 points up


October 28th, 2011 - 6:51 pm ICT by IANS
Mumbai, Oct 28 (IANS) Indian equities markets closed near the day's high Friday with a key index closing 516 points higher, buoyed by hopes of an end to the ... Read more...

Posted in Uncategorized |

Realty industry slams repo rate hike


October 25th, 2011 - 8:14 pm ICT by IANS
Mumbai, Oct 25 (IANS) Top players from the realty sector have reacted sharply to the fresh hike in repo rates announced by the Reserve Bank of India Tuesday.The Maharashtra Chamber ... Read more...

Posted in Business |

Small home loan borrowers to get 1 percent interest subsidy


October 25th, 2011 - 5:45 pm ICT by IANS
New Delhi, Oct 25 (IANS) In a bid to provide relief to small home loan borrowers from rising interest rates, the government Tuesday said it will provide 1 percent ... Read more...

Posted in Business |

Inflation will come down to 7 percent by March: RBI


October 25th, 2011 - 4:22 pm ICT by IANS
Mumbai, Oct 25 (IANS) The Reserve Bank of India (RBI) Tuesday said inflation would start moderating from December and come down to 7 percent by the end of the ... Read more...

Posted in Business |

RBI set to again hike rates to tame inflation


October 24th, 2011 - 5:10 pm ICT by IANS
Mumbai, Oct 24 (IANS) The Reserve Bank of India (RBI) is widely expected to again hike key policy rates Tuesday to curb stubbornly high inflation. The 13th hike since March ... Read more...

Posted in Business |

Sensex pares some losses, closes 148 points down


October 20th, 2011 - 7:02 pm ICT by IANS
Mumbai, Oct 20 (IANS) Indian equities markets managed to pare some of the intra-day losses Thursday to close moderately lower. A benchmark index ended the day 148 points down ... Read more...

Posted in Business |

Food inflation soars, crosses double-digits


October 20th, 2011 - 1:40 pm ICT by IANS
New Delhi, Oct 20 (IANS) India's food inflation rose sharply to cross double-digit levels at 10.6 percent for the week ended Oct 8, official data showed Thursday, with a ... Read more...

Posted in Business |

Prime Minister meets top officials on curbing inflation


October 15th, 2011 - 7:51 pm ICT by IANS
New Delhi, Oct 15 (IANS) Prime Minister Manmohan Singh Saturday met top policymakers seeking ways to curb inflation which has been hovering close to double-digits for almost 9 ... Read more...

Posted in Business |

Inflation continues to remain high, rate hike likely again


October 14th, 2011 - 6:54 pm ICT by IANS
New Delhi, Oct 14 (IANS) India's annual inflation based on wholesale prices continued to hover close to double digits -- at 9.72 percent -- for September, official data showed Friday, ... Read more...

Posted in Uncategorized |

Overseas funds sell over $259 million in equities


September 18th, 2011 - 5:46 pm ICT by IANS
Mumbai, Sep 18 (IANS) Foreign institutional investors (FIIs) sold off close to $259 million at Indian equities markets in the week ended Friday amid volatile trading that saw benchmark ... Read more...

Posted in Business |

Indian equities end in positive amid volatile trading (Weekly market review)


September 17th, 2011 - 3:42 pm ICT by IANS
Mumbai, Sep 17 (IANS) Indian equities markets ended the week with marginal gains amid volatile trading as investors shrugged off the 12th successive rate hike by the Reserve Bank ... Read more...

Posted in Business |

RBI’s rate-hike cycle may continue: Exim Bank


September 16th, 2011 - 10:35 pm ICT by IANS
Kolkata, Sep 16 (IANS) Raising key lending rates by 25 basis points by the Reserve Bank of India (RBI) Friday may not be the last rate-hike by the apex bank ... Read more...

Posted in Uncategorized |

Rate hike will bring down inflation, hopes Pranab


September 16th, 2011 - 7:40 pm ICT by IANS
New Delhi, Sep 16 (IANS) Finance Minister Pranab Mukherjee Friday said hike in key policy rates by the Reserve Bank of India would help bring down inflation to a ... Read more...

Posted in Business |

Sensex ends 57 points up amid rate hike, volatility


September 16th, 2011 - 6:24 pm ICT by IANS
Mumbai, Sep 16 (IANS) A benchmark index for Indian equities markets closed 57 points up Friday amid volatile trade which ensued after the Reserve Bank of India (RBI) announced ... Read more...

Posted in Business |

Rate hikes not curbing inflation, only hampering growth: Industry


September 16th, 2011 - 5:36 pm ICT by IANS
New Delhi, Sep 16 (IANS) Successive rate hikes by the Reserve Bank of India (RBI) have not helped in tackling soaring inflation but have only hampered growth, leading industry ... Read more...

Posted in Business |

Food inflation dips marginally to 9.47 percent


September 15th, 2011 - 2:51 pm ICT by IANS
New Delhi, Sep 15 (IANS) India's food inflation dipped marginally to 9.47 percent for the week ended Sep 3 year-on-year but still hovered high enough to trouble policymakers, according to ... Read more...

Posted in Business |

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