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RBI cuts key rates further
Repo, reverse repo trimmed by 100 bps each, CRR by 50 bps. Mumbai, Jan. 2 The Reserve Bank of India on Friday cut its key rates — repo and reverse repo by one percentage point each and dropped Cash Reserve Ratio by half a percentage point ...
UPA’s final booster dose for economy
Fiscal and monetary steps focus on infrastructure, export sectors. New Delhi, Jan. 2 In their final stimulus package for 2008-09, the UPA Government and the Reserve Bank of India took wide ranging measures to address the problems in the ...
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Enhancing liquidity: The ...
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Assets under management of mutual funds move north in December
ELSS poised for more inflows: Expert. Mumbai, Jan. 2 The New Year seems to have begun on a positive note for the mutual fund industry, as the assets under management (AUM) have increased by four per cent in December, reversing the earlier trend ...
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Govt waives divestment condition for PepsiCo
New Delhi, Jan. 2 PepsiCo’s wait for a waiver of a special disinvestment condition imposed in 1997, is finally over. The Cabinet Committee on Economic Affairs (CCEA) on Friday deleted the condition of divestment of 49 per cent stake in ...
Tata Motors commercial vehicle sales dip 51% in Dec
‘Positive steps’ in stimulus package welcomed. Mumbai, Jan. 2 The fiscal package announced by the Centre on Friday coincided with Tata Motors’ commercial vehicle sales report for December which dropped 51 per cent to 14,056 ...
Motherson Sumi to buy Europe’s Visiocorp
Acquisition to be funded thru internal accruals. New Delhi, Jan. 2 The Rs 2,000-crore plus auto component maker, Motherson Sumi Systems Ltd, on Friday announced its seventh acquisition by buying out the businesses of one of the world’s ...
Vendors seen financing project starts for clients
Offshoot of slowdown woes yet to become the trend. Bangalore, Jan. 2 The economic downturn has forced a section of customers in the US to seek finance for project starts from their IT ...
Suzlon Energy sells 10% stake in Hansen
Deal valued at Rs 600 crore. Mumbai, Jan. 2 Suzlon Energy Ltd, a leading wind turbine manufacturer, has decided to sell a 10 per cent stakein the gear box company Hansen Transmissions International to London-based investment firm Ecofin Ltd, ...
Banks to benefit from latest fiscal and monetary measures
Window will allow NBFCs to raise money and stabilise business. In a move that may push banks to loosen their purse strings and invest less in safer options, RBI has cut the cash reserve ratio by 50 basis points and policy rates (repo and reverse ...
Analysts see execution as key to stimulus success
‘Rate cuts will have positive effect on markets’. Mumbai, Jan. 2 Execution of the stimulus package will be crucial, said market participants on Friday, when the Centre announced the much-awaited second ...
New royalty rates for uranium mining in States
Govt working on proposal for revisting rates for all minerals. New Delhi, Jan. 2 The Centre has revised the royalty rates to be paid to States for mining of ...
Exporters get second stimulus package
To get pre-, post-shipment credit; DEPB rates at pre-Nov levels. New Delhi, Jan. 2 With the country’s exports growth plummeting for the second month in succession in November 2008, the Government has announced a series of measures ...
Cold wave over northwest as fog cover hangs
Thiruvananthapuram, Jan. 2 Fog conditions prevailed over parts of Punjab, Haryana, Delhi, Uttar Pradesh and Bihar even as India Meteorological Department expected the intensity and duration to reduce during the next three ...
Hyundai, Honda buck the trend
Mumbai, Jan. 2 In spite of the overall downtrend, at least two automobile manufacturers managed to do well in December. The second largest carmaker Hyundai Motor India and premium carmaker Honda Siel Cars India showed an increase in sales ...
Markets this week (Latest Audio:English)
Expectations of a second stimulus package - including a rate cut by the RBI - and positive sentiment from overseas market boosted the Indian bourses ...
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