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Wednesday, July 30, 2008
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RBI applies the squeeze
Repo rate, CRR hiked; economy to slow down to 8%. Mumbai, July 29 The Reserve Bank of India on Tuesday bared its resolve to take the ‘inflation bull’ by the horns — even if this meant an additional burden on corporate and ...

Market tanks on rate hike blow
Mumbai, July 29 The RBI’s higher-than-expected repo rate and CRR hikes came as a total surprise to investors, triggering a 500-plus point fall in the Sensex on Tuesday. ...



Stern Measures: The RBI G...
TODAY'S PICK (Latest Audio: English/Tamil)
IDFC (Rs 88.80): Sell
We recommend a ‘sell’ in Infrastructure Development Finance Company (IDFC) from a short-term perspective. It is evident from the charts of IDFC that the stock has been on an intermediate-term downtrend from its January 2008 peak of Rs ...

Day Trading Guide


Bad news for stocks, cheer for debt investors
With yet another round of policy rate hikes and talk of ‘aggregate demand pressures’, the RBI’s latest policy review signals that the central bank is willing to pull out all stops to battle inflation, even if this means ...

Quarterly Review of Monetary Policy: Dr Reddy’s shock treatment
The RBI Governor, Dr Y. Venugopal Reddy, seems determined to leave a mark on central banking by taking a hawkish stand on fighting inflation even at the risk of a reduced — albeit slightly — outlook for growth. This is evident from ...

Reverse repo, repo spread widening
Chennai, July 29 Better a lender, than a borrower be. That seems to be the reigning philosophy at Mint ...

Dr. Reddy in his elements
Chennai, July 29 In what might be his last formal monetary policy interaction with the press, the RBI Governor, Dr Y.V.Reddy, (his term comes to an end in September) produced another trademark performance. Few use a combination of frankness ...

L&T, Punj Lloyd join team for $200-b Al Noor project
Construction, rail-road pipeline network across Red Sea. Two Indian firms, Larsen & Toubro and Punj Lloyd, figure in the list of several international companies that have teamed up to implement the multi-billion dollar construction project ...

RBI moves to help contain inflation: Govt
New Delhi, July 29 The Finance Ministry on Tuesday said that banks could ensure availability of adequate credit to productive sectors if requests for loans were carefully appraised and credit was allocated ...

Organised retail grows in HUL’s sales portfolio
Emerges as a key distribution channel. Mumbai, July 29 By targeting modern trade as a significant channel of distribution, HUL claims that today seven per cent of its turnover comes from this channel. While the urban general trade accounts for ...

RBI move adds to real estate sector’s woes
Pressure on home loan rates; liquidity crunch for developers. New Delhi, July 29 The Reserve Bank of India’s decision to raise repo rate and cash reserve ratio is expected to add to woes of the real estate sector. ...

Corporates brace up for higher borrowing costs
Mumbai, July 29 Corporates are bracing themselves for tough days ahead, with the Reserve Bank of India’s ‘anti-inflation’ credit policy signalling higher borrowing costs for India Inc. ...

Wage hike in tech sector likely to moderate, says Wipro HR head
Hyderabad, July 29 Wage hike in the technology sector this year is in for moderation as it is adopting a cautious approach to new recruitments, according to Mr Pratik Kumar, Vice-President and Head of Human Resources at ...

Rate hike: Banks’ bond portfolios may see loss
Increase in PLR likely to slow advances growth. The latest round of rate increases by the RBI (repo rate by 50 basis points and cash reserve ratio by 25 basis points), are set to take both the rates to 9 per cent. ...

Hindustan Unilever survives market scare
Fundamentals, defensive bet come to rescue. Kolkata, July 29 In a falling market, Hindustan Unilever moved up around 3 per cent on decent buying. According to market analysts, investors bought the shares as a defensive bet. According to Mr ...

Banks relying on wholesale, short-term funds to take a hit
‘Those with higher CASA ratios relatively better placed’. Mumbai, July 29 Banking stocks plunged on Tuesday as the RBI credit policy took the market completely by surprise with its higher-than-expected increase in the repo ...

Peninsular rain may hold past Aug first week
Thiruvananthapuram, July 29 An embedded cyclonic circulation in the offshore trough located over Gujarat and the Bay of Bengal-generated well-marked ‘low’ now over land have combined to extend vigorous monsoon conditions over the ...


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Commodities & currency (July 29)
Gold (per gram) Rs1,194
Silver (per gram) Rs26.55
Brent crude (per bbl) Rs5,279
US Dollar (Buy/Sell)42.65/66

BL Career 2008

Hiring

Digital Sportstar


Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
Remembering Ramachander

Ranbaxy-Daiichi deal

People's car

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Looking back
Jul. 20-Jul. 26
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