RBI cuts SLR by 1 percent
July 31st, 2012 - 5:24 pm ICT by IANS
New Delhi, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday announced a reduction in the statutory liquidity ratio (SLR) from 24 percent to 23 percent with effect from ... Read more...
Posted in Business |
`Downside risks to South Korean economy remain high’
December 8th, 2011 - 1:34 pm ICT by IANS
Seoul, Dec 8 (IANS) Downside risks to the South Korean economy remained high due to external uncertainties such as Europe's debt crisis and economic slowdown in major economies, the central ... Read more...
Posted in Uncategorized |
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 |
Christchurch quake to cost $11 bn
March 6th, 2011 - 7:20 pm ICT by IANS
Christchurch, March 6 (IANS) The Christchurch earthquake will cost up to $11 billion and affect GDP growth by 1.5 percent, the New Zealand government said Sunday.But the government predicted ... Read more...
Posted in Uncategorized |
Exporters worried over foreign fund inflow
October 17th, 2010 - 5:52 pm ICT by IANS
Mumbai, Oct 17 (IANS) Foreign capital inflows that helped equities markets rally handsomely in the second half of 2010 and led to a sharp rise in the rupee has now forced ... Read more...
Posted in Business |
RBI will intervene if inflows turn lumpy: Subbarao
October 15th, 2010 - 9:56 pm ICT by ANI
Chandigarh, Oct 15 (ANI): Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Friday said the central bank will intervene in the forex market if inflows turn lumpy and volatile.The RBI had ... Read more...
Posted in Business |
Mukherjee, banks differ on liquidity, rate hike plan
August 14th, 2010 - 9:06 pm ICT by IANS
New Delhi, Aug 14 (IANS) Finance Minister Pranab Mukherjee said Saturday that banks will not raise their interest rates in response to the Reserve Bank of India's (RBI) tight monetary policy ... Read more...
Posted in Business |
‘Static kill’ operation at US oil well successful: BP (Lead)
August 4th, 2010 - 4:54 pm ICT by IANS
London/Washington, Aug 4 (DPA) Oil company BP Plc said Wednesday that its so-called "static kill" operation of pumping mud into the ruptured well in the Gulf of Mexico had been successful.
The company ... Read more...
Posted in Environment |
BP begins ’static kill’ at ruptured US oil well
August 4th, 2010 - 6:27 am ICT by IANS
Washington/New Orleans, Aug 4 (DPA) Oil company BP Plc Tuesday began the long-awaited pumping of mud into the ruptured well in the Gulf of Mexico - the so-called "static kill" to permanently ... Read more...
Posted in World |
Egencia releases 2010 corporate travel global benchmarking study
June 8th, 2010 - 1:17 pm ICT by ANI
Gurgaon, June 8 (ANI): Egencia, an Expedia, Inc. company, today unveiled its 2010 Corporate Travel Global Benchmarking Study, evaluating the current business travel landscape and corresponding supply environment for air, hotel and ... Read more...
Posted in Business |
Obama extends drilling halt as top-kill stops oil leak
May 28th, 2010 - 3:54 am ICT by IANS
Washington, May 28 (DPA) US President Barack Obama extended a moratorium on new deepwater offshore drilling Thursday as oil giant BP's critical top-kill operation had likely temporarily stopped an oil leak ... Read more...
Posted in Business |
BP’s top-kill operation temporarily stops oil leak (Lead)
May 27th, 2010 - 10:26 pm ICT by IANS
Washington, May 27 (DPA) Oil giant BP's top-kill operation was proceeding as expected Thursday and may have already succeeded in temporarily plugging the leak at a ruptured oil well at the bottom ... Read more...
Posted in Business |
Rationalise direct taxes to mitigate slowdown effects: CII
February 14th, 2010 - 12:59 pm ICT by IANS
New Delhi, Feb 14 (IANS) The Confederation of Indian Industry (CII) has urged the government to rationalise direct taxes which would help consolidate the manufacturing sector, mitigating the effects of the ... Read more...
Posted in Business |
US unemployment unchanged at 10 percent in December
January 9th, 2010 - 5:22 am ICT by IANS
Washington, Jan 9 (DPA) The US unemployment rate was unchanged at 10 percent in December, but another 85,000 jobs were lost on the month, the Labour Department reported Friday in a ... Read more...
Posted in Business |
Inflationary pressures matter of concern: Moody’s
September 24th, 2009 - 7:27 pm ICT by IANS
New Delhi, Sep 24 (IANS) Increasing inflation will be a problem for India's policymakers in the near future, says the research arm of global rating agency Moody's.
"India has distanced itself from the ... Read more...
Posted in Business |
Congress leaders discuss drought, price rise
August 19th, 2009 - 7:53 pm ICT by ANI
New Delhi, Aug 19 (ANI): The Congress Working Committee (CWC) met here on Wednesday to discuss the drought-like situation in many parts of the country and also the steep rise in ... Read more...
Posted in National |
Tax cut will put more pressure on fiscal deficit: Moody’s
February 25th, 2009 - 2:29 pm ICT by IANS
New Delhi, Feb 25 (IANS) The excise and service tax cut announced by the government Tuesday will heighten concern about India's large public debt and result in higher fiscal deficit, the research ... Read more...
Posted in Uncategorized |
RBI hikes repo rate by 0.50 points, CRR by 0.25 points to contain inflation
July 29th, 2008 - 3:33 pm ICT by ANI
New Delhi, July 29 (ANI): Noting in its first quarter review that potential inflationary pressure from international food and energy prices are likely to remain so for some time, the Reserve ... Read more...
Posted in Business |
CEOs say tax cuts will raise consumer demand
February 27th, 2008 - 4:54 pm ICT by admin
New Delhi, Feb 27 (IANS) Consumer demand is expected to receive a major thrust with the likelihood of Finance Minister P. Chidambaram scissoring income tax limits in the upcoming budget of 2008-09, ... Read more...
Posted in Business |
By 2081, migrants could push Britain’s population to over 100 million
November 28th, 2007 - 4:30 pm ICT by admin
London, Nov.28 (ANI): Britain could have a population of over 100 million by 2081, if experts at Whitehall are to be believed.
They based their predictions on the current level of migrations ... Read more...
Posted in World |