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RBI cuts repo rates
Prods banks to reduce lending, deposit rates; ICICI Bank responds. Mumbai, April 21 The Reserve Bank of India on Tuesday cut key policy rates – repo and reverse repo – by 25 basis points each in order to push banks to lend more at ...
Why the banks won’t lend even if they lower interest rates
New Delhi, April 21 You can take a horse to water but can you make it drink? This is the question that the Reserve Bank of India has failed to answer in its Annual Policy Statement for ...
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Mr Pawan Munjal (right), ...
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TODAY'S PICK (Latest Audio: English/Tamil)
Allied Digital Services (Rs 269.75): Buy
We recommend a buy in the Allied Digital Services stock from a short-term trading horizon. It is evident from the charts of Allied Digital Services that after recording a lifetime low of Rs 146 in early March 2009, the stock has ...
Day Trading Guide
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‘No prior approval needed to set up offsite ATMs’
Mumbai, April 21 In a move that would allow banks to expand their ATM networks more easily, the Reserve Bank of India has done away with the requirement of prior regulatory approval for setting up offsite ATMs. These are standalone ATMs ...
Titan has the ‘fibre’ to counter cheap imports
Chennai, April 21 As a watch marketer and Chief Operating Officer (watches) of Titan Industries, Mr Harish Bhat, has a portfolio of a dozen watches, mostly Titan, with an odd Tommy Hilfiger thrown in. But, what Mr Bhat likes to wear at ...
Wipro buys Nokia’s mobile TV unit
Bangalore April 21 Wipro Technologies, the global IT arm of Wipro Ltd, has acquired the Mobile Broadcast Solutions unit of cellular handset maker Nokia for an undisclosed ...
20 Kingfisher pilots quit
Salary cuts, worsening service conditions cited as reasons. Mumbai, April 21 Twenty pilots from Kingfisher Airlines have put in their papers and 16 more are likely to quit in the next few months. The pilots were unhappy with the deteriorating ...
Reliance Power achieves financial closure for Sasan project
Co raises debt from a consortium of banks and financial institutions. Mumbai, April 21 Reliance Power Ltd has achieved financial closure for its Sasan Ultra Mega Power ...
RBI eases FCCB buyback norms further
To increase permissible amount to $100 m. Mumbai, April 21 The Reserve Bank of India on Tuesday further eased norms for Indian companies to use their internal accruals for buy-back of their foreign currency convertible bonds, as corporate houses ...
RBI rate cut comes as a surprise to marketmen
Mumbai, April 21 Despite the RBI’s rate cuts, equity markets, which showed a favourable response immediately after the announcement, did not end the day in the ...
Northwest, Central India reel under heat wave
Thiruvananthapuram, April 21 Severe heat wave conditions have been prevailing in parts of West Rajasthan and Haryana during the last 24 hours, according to an India Meteorological Department (IMD) ...
‘Market share of Indian BPOs to double by 2010’
Bangalore, April 21 The Indian business process outsourcers are expected to sustain their growth momentum, driven by the demand for low-cost services, amid challenging economic conditions and double their market share by 2010, according ...
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