| Shifting staff offshore better than rate cuts: Forrester | 02-NOV-09 |
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| Firms’ ability to shift more staff offshore drives more savings than the 5 per cent to 10 per cent rate reductions they have been seeking from their IT vendors, according to the latest Forrester report on IT offshoring. |
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| Move to offshoring offsets client rate cuts: Forrester | 17-OCT-09 |
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| The ability of information technology companies to shift more staff offshore (to India in this case) results in offsetting the 5-10 per cent rate cuts that most clients recently effected on the back of the global economic slowdown, according to a new Forrester report. |
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| No room for lending rate cut now, says Kamath | 27-AUG-09 |
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| Banks didn’t have room to further cut lending rates as of now and, in fact, they might look at raising them once credit offtake picked up, ICICI Bank’s Chairman KV Kamath said today. |
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| Govt borrowing impedes interest rate cut: Subbarao | 15-AUG-09 |
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| Reserve Bank of India (RBI) governor D Subbarao said the rapid expansion of the government borrowing programme was coming in the way of the central bank’s monetary policy objective of a lower interest rate regime and called for more independence for the central bank. |
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| Q1 review of Monetary Policy on July 28 | 26-JUN-09 |
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| “RBI Governor D Subbarao will release the first quarter review of Monetary Policy 2009-10 on July 28,” the central bank said in a release today. The statement further said the review would be released at a meeting of the chief executives of major scheduled commercial banks on July 28 in RBI’s central office in Mumbai. |
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| Low inflation may prompt banks to cut rates | 11-JUN-09 |
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| Inflation slipped to 0.13 per cent for the week ended May 30, the lowest ever in over three decade, a development that could hasten the process of rate cuts by the banks. |
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| FM to meet PSU bankers tomorrow, to review rate cut | 09-JUN-09 |
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| Finance Minister Pranab Mukherjee will meet heads of public sector banks tomorrow to impress upon them the need to further moderate interest rates and also increase availability of credit to industry, suffering from the impact of the global downturn. |
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