Portugal reaches deal on 78 bn euro EU-IMF bailout: PM

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• Portugal reaches deal on 78 bn euro EU-IMF bailout: PM
• Civil society members seek inclusive growth in 12th Plan
• Government aims to double exports
• Biotech firms want more govt support
• Adani buys Oz port for 9k cr
• Home, car loans to become costlier, savings to fetch more
• Singapore Airlines offers a night's free stay
• Sensex tanks 463pts as RBI hikes rates
• Adani acquires Australian port for $2bn
• Tight monetary policy necessary to tame inflation: Pranab
• Sensex down as RBI hikes rates by 50 bps
• Sensex down 162 pts as RBI hikes credit policy rates
• Home, auto loans to become costlier
• RBI raises policy rates by 50 basis points
• Govt demotes LIC chairman Vijayan to MD
• Government demotes LIC chairman to MD
• Rakesh Singh appointed as LIC chairman
• Rupee opens 8 paise lower against US dollar

Portugal reaches deal on 78 bn euro EU-IMF bailout: PM Posted: 03 May 2011 07:53 PM PDT Eurozone member Portugal's interim government reached a "good agreement" on a three-year bailout package worth 78 billion euros from the EU and IMF, outgoing Prime Minister Jose Socrates announced.

Civil society members seek inclusive growth in 12th Plan Posted: 03 May 2011 06:54 PM PDT Civil society representatives have slammed the current growth-led model of planning. They argued that mere GDP growth does not reflect equitable development, and is fundamentally flawed.

Government aims to double exports Posted: 03 May 2011 05:28 PM PDT The government on Tuesday unveiled a strategy paper which aims to double India's exports in next three years to $500 billion by 2014.

Biotech firms want more govt support Posted: 03 May 2011 05:25 PM PDT The biotech industry in Karnataka is hoping for more fiscal sops, tax holidays and institutional funding.

Adani buys Oz port for 9k cr Posted: 03 May 2011 05:12 PM PDT In what is being seen as the largest overseas acquisition by an Indian port company, Adani group-owned Mundra Port and Special Economic Zone Ltd (MPSEZL) has pipped five global players to win a bid to control Abbot Point Port in Queensland, Australia for Rs 9,000 crore or, A$ 1.8 billion, in an all cash deal.

Home, car loans to become costlier, savings to fetch more Posted: 03 May 2011 04:16 PM PDT EMI on Rs 20L home loan spread over 20 yrs, will go up by Rs 676 as interest rises to 11%. Over 20 yrs, that hike works out to an extra Rs1.62L.

Singapore Airlines offers a night's free stay Posted: 03 May 2011 06:52 AM PDT If you are planning to do Singapore this summer vacation, then the new holiday package offer by Singapore Airlines' is something you should check out.

Sensex tanks 463pts as RBI hikes rates Posted: 03 May 2011 04:30 AM PDT Sensex plunged 463 points to 18,534 on Tuesday as investors dumped interest-sensitive stock after RBI hiked key policy rates by 50 basis points to tame inflation, and projected low growth for this fiscal.

Adani acquires Australian port for $2bn Posted: 03 May 2011 01:12 AM PDT The Adani Group-owned Mundra Port and Special Economic Zone Ltd (MPSEZL) on Tuesday announced $2 billion acquisition, on lease of 99 years, of Abbot Point Port in Queensland, Australia, marking the beginning of company's business expansion outside India.

Tight monetary policy necessary to tame inflation: Pranab Posted: 03 May 2011 12:01 AM PDT Supporting Reserve Bank's hawkish stance on monetary policy, finance minister Pranab Mukherjee on Tuesday said the increase in the key rates was necessary to contain inflation.

Sensex down as RBI hikes rates by 50 bps Posted: 02 May 2011 11:33 PM PDT The Bombay Stock Exchange benchmark Sensex was trading nearly 162 points lower at 1142 hrs on panic selling by investors following the RBI's move to raise key policy rates by 50 basis points.

Sensex down 162 pts as RBI hikes credit policy rates Posted: 02 May 2011 11:33 PM PDT The Bombay Stock Exchange benchmark Sensex was trading nearly 162 points lower at 1142 hrs on panic selling by investors following the RBI's move to raise key policy rates by 50 basis points.

Home, auto loans to become costlier Posted: 02 May 2011 11:12 PM PDT In a bid to check inflation, Reserve Bank of India today raised its short term lending (repo) rate by 50 basis points to 7.25%, while lowering the economic growth projection to 8% for the current fiscal.

RBI raises policy rates by 50 basis points Posted: 02 May 2011 11:12 PM PDT In a bid to check inflation, Reserve Bank today raised its short term lending (repo) rate by 50 basis points to 7.25%, while lowering the economic growth projection to 8% for the current fiscal.

Govt demotes LIC chairman Vijayan to MD Posted: 02 May 2011 09:34 PM PDT For the first time in LIC history, the government on Tuesday demoted chairman to MD and appointed bureaucrat Rakesh Singh as acting chairman.

Government demotes LIC chairman to MD Posted: 02 May 2011 09:34 PM PDT For the first time in LIC history, the government on Tuesday demoted chairman to MD and appointed bureaucrat Rakesh Singh as acting chairman.

Rakesh Singh appointed as LIC chairman Posted: 02 May 2011 09:34 PM PDT For the first time in LIC history, the government on Tuesday demoted chairman to MD and appointed bureaucrat Rakesh Singh as acting chairman.

Rupee opens 8 paise lower against US dollar Posted: 02 May 2011 09:24 PM PDT The Indian rupee depreciated by 8 paise to Rs 44.41 against the US dollar in early trade on the Interbank Foreign Exchange on Tuesday, weighed down by dollar gains against other currencies overseas and a weak trend in the equity market.

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