The Chrome of a man
Shubhada Rao, Chief Economist, YES Bank on Jan IIP numbers - part III
Shubhada Rao, Chief Economist, YES Bank on Jan IIP numbers - part II
Shubhada Rao, Chief Economist, YES Bank on Jan IIP numbers - part I
The company hopes to triple revenue by 2017 by changing its billing model-" charging for results instead of the number of people deployed
Unlike other TVS group companies, it wants to achieve global scale through acquisitions
When focus at Geneva auto show is firmly on hypercars than regular cars, you know something's amiss
Shyamal Majumbar explains what Chief Economic Advisor Raghuram Rajan's first Economic Survey means
Chidambaram walks tightrope to fix the fisc; levies new taxes to raise Rs 18,000 cr
The Budget takes six months to prepare, and encompasses every branch of government
As winter takes hold of northern India at the end of every year, in New Delhi's corridors of power, a well-oiled bureaucratic machine moves into a higher gear, in preparation of India's annual Budget, perhaps the country's most importantly yearly statement.
As winter takes hold of northern India at the end of every year, in New Delhi's corridors of power, a well-oiled bureaucratic machine moves into a higher gear, in preparation of India's annual Budget, perhaps the country's most importantly yearly statement.
Pre-market: Soft opening seen
Pre-market: Positive trades likely
Asian shares opened higher on Monday, after U.S. lawmakers agreed on a deal to raise the U.S. debt limit. After a tense weekend in which rival plans to lift the U.S. borrowing limit were shot down in Congress, U.S. President Barack Obama said leaders from both parties reached a deal to cut the budget deficit by 1 trillion US dollars over 10 years, with additional savings of 1.4 trillion US dollars possible. Obama announced the last-minute deal late on Sunday, and he urged lawmakers to "do the right thing" and approve the agreement.
Reserve Bank of India Governor D Subbarao expressed concern over inflation and said it needs to be curbed to boost the economic growth. While speaking at Conference on ¿Financial Inclusion¿ in Agartala on Thursday, Subbarao said curbing the rising inflation is very necessary to protect the poor so as to provide them a decent livelihood. Subbarao further revealed that central government and the RBI tend to open the banking branches in the villages that do not have access to them.
Trying to rein in growing inflation, the Reserve Bank of India today raised key short term lending rates by 50 basis points. While addressing media persons at Mumbai today, RBI governor D. Subbarao announced the first monetary policy review of 2012. He informed that Repo rate will be up to 7.25% and the Reverse Repo to 6.25%, while Cash Reserve ratio remains unchanged.
Chairman of State Bank of India and Indian Banks Association, Om Prakash Bhatt in Mumbai on Monday, opined that the cash crunch in the banking system should begin to ease by the end of July 2010. It may be recalled that cash available with banks have been tightened after telecom companies pulled out more than $21 billion to pay for 3G licences and broadband spectrum in late May and June.
RBI¿s deputy governor on Monday assured that there is no reason of immediate worry about the revaluation of Yuan. He noted that it is too early to judge the impact that China's Market analysts also voiced similar sentiments saying that we should wait and watch as China's central bank said late on Saturday it was ready to make the Yuan more flexible, signaling it was ready to scrap its 23-month-old currency peg, citing a global economic recovery and more balanced external trade.
India's Finance Minister Pranab Mukherjee in Surat on Wednesday said that, the Reserve Bank of India would adjust changes in monetary policy if required. Mukherjee said that India would have crossed double-digit figures of growth had the global financial crisis not struck in 2008-09.He also added India needs at least 50 million skilled workers to meet the requirements of industry.