The Hindu Business Line : Wednesday, January 26, 2011

RBI tells banks to restrain credit growth; ups key rates
Bank depositors can hope to earn more soon even as loans could get dearer with the Reserve Bank of India on Tuesday nudging up benchmark short-term rates by a 25 basis points in an attempt to exorcise the demon ...

Onion prices dip on improved arrivals
Prices of onion across major markets in the country saw a dip, a month after onion prices went through ...

The RBI Governor, Dr D. S... Domestic funds' asset slips more than foreign MFs
Overseas funds' higher exposure to equity boosts AUMs. Indian mutual fund houses have seen a higher drop in their AUMs this fiscal to date, than the foreign fund houses have, according to data available on the SEBI ...

Govt sets up panel to estimate quantum of black money
Pranab spells out five-point strategy to address the issue. The Finance Minister, Mr Pranab Mukherjee, on Tuesday said the Government has constituted a multi-disciplinary committee to get studies conducted to estimate the quantum of illicit ...

RBI will persist with anti-inflationary stance: Subbarao
The RBI's stance is and will continue to be anti-inflationary, even as it strives to strike a balance between growth and inflation, said the RBI Governor, Dr ...

HUL takes cut in margins to persist with ad spend
Offered the choice of cutting back on its advertising spends to deal with rising input costs, Hindustan Unilever (HUL) seems to have decided to sacrifice its profit margins instead. The company's net profits for the quarter ended December ...

Rate hikes seen coming, but deposits first
Increase will depend on each bank's asset-liability situation. With the Reserve Bank of India hiking repo and reverse repo rates by 25 basis points, banks are likely to increase lending and deposit rates in the near term. However, with banks ...

Costly onion seedlings hit MP's farmers
Farmers near Indore have been among those affected by frost in central and northern parts of ...

‘50 basis point hike would have disrupted growth'
The Reserve Bank of India has revised its baseline inflation projection from 5.5 per cent to 7 per cent for March. Several hikes in key policy rates in the past one year by the RBI failed to have the desired effect on inflation which remained ...

Infosys looking to rehire, tap ex-staff
IT major reduces dependence on recruitment vendors. Infosys may have over a lakh of employees on its rolls, but it has an equal number of ex-employees as well and the IT major is not merely looking at them to rehire but also tap them for ...

US lifts export curbs but space, defence units await fineprint
Overnight, even as the US lifted curbs on high-technology exports to Indian space and Defence research centres, domestic circles said they would wait for the fine-print before counting the benefits of ...

Short-term weakness in rupee
The Indian currency strengthened to 45.45 on Tuesday following RBI's move to increase key short-term lending and borrowing rates by 25 ...

‘El Nino-to-La Nina flip in 2010 rapidest ever'
Last year's transition from El Nino to La Nina was about the most sudden ever, according to Dr Tony Barnston, Chief Forecaster, International Research Institute (IRI) for Climate and Society at ...

UK economy shrinks 0.5% in fourth quarter of 2010
Britain's economy shrank by a surprise 0.5% in the final quarter of 2010, putting pressure on the coalition government's strategy for getting the economy back ...