Monday, April 16, 2012

Pro-growth stance crucial: RBI

Pro-growth stance crucial: RBI


Pro-growth stance crucial: RBI

Posted: 16 Apr 2012 05:15 PM PDT

BI's pro-growth stance comes in its pre-policy report on the economy where the median forecasts for GDP growth has shrunk from 7.3% to 7.2% earlier.


Health expert Kim is World Bank head

Posted: 16 Apr 2012 05:05 PM PDT

The World Bank board of directors said on Monday it chose Dartmouth College president Kim to succeed Robert Zoellick, whose term ends on June 30.


FDI saves day for India Inc as rates bite

Posted: 16 Apr 2012 05:00 PM PDT

Latest data released by RBI on Monday showed the resource flow to the commercial sector rose 2%, or by Rs 26,200 crore, in 2012-13


Dabur becomes $1bn company

Posted: 16 Apr 2012 04:59 PM PDT

The company's growth was hurt in the first half of 2011 but it registered stronger numbers in the second half.


Piramal buys Bayer’s imaging portfolio

Posted: 16 Apr 2012 04:57 PM PDT

Piramal Healthcare has announced that it has acquired global rights of German major Bayer's molecular imaging portfolio through its newly-created subsidiary, Piramal Imaging, for an undisclosed amount.


FDI in multi-brand retail to go ahead

Posted: 16 Apr 2012 04:55 PM PDT

Foreign Direct Investment (FDI) in multibrand retail will go ahead, commerce and industry minister Anand Sharma said.


US Exim Bank to fund Reliance Power’s solar expansion

Posted: 16 Apr 2012 04:48 PM PDT

Reliance Power would use the funds to buy the technology from companies in eight states of the US for expanding the company's Rs 700-crore solar power project in Rajasthan.


‘Visa woes may force Indian IT firms to relocate outside UK’

Posted: 16 Apr 2012 04:46 PM PDT

The problems faced by Indian companies over UK visas may force IT companies to relocate to other European capitals, commerce, industry and textiles minister Anand Sharma said.


Sensex closes 56 pts up ahead of RBI policy

Posted: 16 Apr 2012 04:20 AM PDT

In restricted movement, the BSE benchmark sensex today closed 56 points up on late buying in banking and auto stocks as slight slip in inflation raised hopes that RBI may lower lending rate at annual credit policy announcement tomorrow.


Inflation slips to 6.89% in March

Posted: 15 Apr 2012 11:43 PM PDT

The overall inflation in March eased to 6.89 per cent on account of sharp decline in prices of onions, fruits and protein-based items, even as vegetables and pulses turned costlier.


Rupee hits 3-month low

Posted: 15 Apr 2012 10:47 PM PDT

The Reserve Bank of India has been active in the domestic foreign exchange market over the past months and is thought to have sold dollars as recently as last week to support the rupee.


Rupee at 3-month low, RBI may intervene

Posted: 15 Apr 2012 10:47 PM PDT

The Reserve Bank of India has been active in the domestic foreign exchange market over the past months and is thought to have sold dollars as recently as last week to support the rupee.


Oil prices dip after 'positive' Iran nuclear talks

Posted: 15 Apr 2012 09:41 PM PDT

Oil prices slid in Asian trade on Monday after nuclear talks over the weekend between major crude producer Iran and world powers eased concerns over Middle East supply, analysts said.


Sensex extends losses, down 67 points

Posted: 15 Apr 2012 09:36 PM PDT

The BSE benchmark index Sensex extended losses for the second straight day by losing over 67 points in early trade on Monday on sustained selling by funds, triggered by a weak trend on Asian bourses.


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