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RBI signals lower economic growth — Focus on demand, liquidity management to combat inflation'
THE coming months may see rising commodity prices and lower economic growth if the signals in the RBI's Mid-Term Review of the Annual Policy Statement are anything to go by. The RBI Governor, Dr Y.V. Reddy, scaled down the GDP growth ...
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We want to keep a tab on housing loan sector: Reddy
THE Reserve Bank of India has been cautioning banks to ensure quality assets in their housing portfolio. In the mid-term review of its annual policy, the central bank has hiked the risk weight for housing loans. In an interview to Business ...
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Govt to go ahead with market borrowings
THE Finance Minister, Mr P. Chidambaram, today said that the Centre would go ahead with its market borrowings programme for the current fiscal, even as the cost of governmental borrowings is showing a rising trend. "We have to borrow what we ...
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Only technical expert for competition panel: Govt
THE Centre today informed the Supreme Court that only a technical expert and not a judge would be the chairperson of the Competition Commission of India (CCI). The United Progressive Alliance Government thereby endorsed the stand of the ...
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Phasing out public deposits: A body blow to most NBFCs
THE Reserve Bank of India's move to ask non-banking financial companies to voluntarily phase out their acceptance of public deposits is now a ticking time bomb for about 750 small companies. Larger NBFCs are in a slightly better shape, given ...
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Rakesh Mohan is Secretary, DEA
THE Appointment Committee of the Cabinet on Tuesday appointed Dr Rakesh Mohan, Deputy Governor of the Reserve Bank of India, as Secretary, Department of Economic Affairs (DEA) in the Ministry of Finance. Dr Mohan, who did his PhD from ...
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Buying in Reliance, Infosys lifts the day
THE markets witnessed a bit of a seesaw motion on Tuesday as it swung between the positive and negative territory to finally end on a higher note. The announcement of the Credit policy and a stream of corporate results were greeted with mixed ...
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Matrix announces 1:1 bonus issue; plans stock split
MATRIX Laboratories Ltd, the Hyderabad-based bulk drugs and intermediates company, has declared it's first bonus issue in the ratio of 1:1. The company is also in the process of setting up a new plant at Hyderabad to fortify its plans for the ...
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Porsche makes entry into India at Rs 47 lakh
GERMAN automaker Porsche announced its entry into the Indian market with the unveiling its model line-up for the country on Tuesday. These include the sports utility vehicle Cayenne and sport cars Boxter and Carrera, which have been priced upward ...
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