SBI hikes home loan rates
IN what appears to be a clear indication that interest rates on housing loans cannot be held back any longer, State Bank of India, on Monday announced a 25 to 50 basis points hike in its fixed home loan rates with immediate effect. The ...
A move to `fix' the loan shift
THE first indications that interest rates were bottoming out came when housing loan customers began sniffing the market for fixed rate loans about two months ago. Housing loan companies reported increased enquiries from existing customers who ...
RBI may dip into forex kitty to combat inflation
THE Reserve Bank of India may tap the foreign exchange reserves to combat inflationary pressures, if necessary. Indicating this, the RBI in its annual report for 2003-04, released today, said: "The comfortable level of foreign exchange ...
Seven banks to tie up with SIDBI
For VC fund, rating venture
SEVEN of the country's leading public sector banks are set to propel the Small Industries Development Bank of India (SIDBI) to its next orbit in funding the growth of the small and medium sector. The tie-ups with the banks, which are in an ...
ONGC to invest Rs 25,000 cr in Karnataka Signs MoU to develop SEZ at Mangalore
OIL and Natural Gas Corporation (ONGC) has signed an MoU with the Karnataka Government and the Kanara Chamber of Commerce and Industry (KCCI) to develop a coastal special economic zone (SEZ) at Mangalore and invest close to Rs 25,000 crore ...
Rising crude prices Paint industry's burden may fall on consumers
ANY further rise in crude oil prices may prompt Indian paint companies to consider a price hike, especially in the decorative segment of the business. Almost all of the raw materials used by the paints industry have a direct co-relation to ...
TRAI plans to digitalise cable TV system
IN a bid to improve the quality of television signals and to enable transmission of more channels on the same spectrum, the Telecom Regulatory Authority of India (TRAI) is considering to digitalise the entire cable TV system. But the regulator ...
Single law soon for SSIs, says PM
THE Prime Minister, Dr Manmohan Singh, has said that it would be the endeavour of his Government to create a positive environment in which the "animal spirits" of private enterprise would be unleashed to usher in a new era of entrepreneurial ...
Automobile stocks in top gear as crude prices ease
WITH the worries about rising inflation easing a bit and trucker's strike also being called off after the Government's intervention, the stock markets seemed to heave a sigh of relief on Monday. The improved sentiment was probably also ...
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