Friday, January 27, 2012

RBI to test plastic currency plan with Rs 10 note

RBI to test plastic currency plan with Rs 10 note


RBI to test plastic currency plan with Rs 10 note

Posted: 27 Jan 2012 04:19 PM PST

If the proposal of the Reserve Bank of India (RBI) gets through, plastic currency notes of Rs 10 denomination would be in the market soon.


'AAI unable to defer hike in charges'

Posted: 27 Jan 2012 10:58 AM PST

Airports Authority of India (AAI) can no longer put off increasing landing and parking charges for airlines, a senior official said.


Govt opens NHAI top job to pvt sector

Posted: 27 Jan 2012 10:53 AM PST

In what is a first for the infrastructure sector, the government has decided to rope in talent from Corporate India to fill up the long-vacant post of National Highways Authority of India chairman.


SP Group reconnects with growing energy sector

Posted: 27 Jan 2012 10:38 AM PST

After being handed over the reins of the $2-billion Shapoorji Pallonji (SP) Group, Shapoor Mistry is betting big on energy.


Tax-free bonds flavour of season

Posted: 27 Jan 2012 10:36 AM PST

It's that time of the year again when people pull out their calculators and cheque books for tax planning.


Rupee hits 2-1/2 month high; euro zone watched

Posted: 27 Jan 2012 05:26 AM PST

The rupee touched a two-and-a-half month high on Friday, aided by firm local shares, as demand for riskier assets was spurred by hopes Greece will soon reach an agreement on restructuring its debt.


SBI may return to overseas markets

Posted: 27 Jan 2012 05:21 AM PST

State Bank of India, the country's biggest lender, said it could revive international fundraising plans in 3-4 months, in a sign it believed the euro zone crisis might be easing.


RBI to act against banks not beefing up cyber security

Posted: 27 Jan 2012 04:56 AM PST

The Reserve Bank of India (RBI) will act against banks that do not implement its guidelines on electronic security of their transactions and operations by October 2012, a senior official said Friday.


Food inflation remains in negative zone

Posted: 27 Jan 2012 03:38 AM PST

Falling cost of vegetables like potatoes and onions kept food inflation in the negative zone for the fourth consecutive week at (-)1.03 per cent as on January 14.


Sensex closes 157 points up

Posted: 27 Jan 2012 03:28 AM PST

The Bombay Stock Exchange index Sensex today rose for the fourth straight session, up 157 points on sustained buying by funds and retail investors in bluechips led by RIL amid a firm trend in the Asian markets.


Canara Bank Q3 net dips by 21%

Posted: 27 Jan 2012 03:00 AM PST

Public-sector lender Canara Bank today reported a 21 per cent decline in net profit to Rs 875.56 crore for the third quarter ended December 31, on account of rise in bad assets.


Rupee hits 2-1/2 month high

Posted: 26 Jan 2012 09:28 PM PST

The rupee touched a two-and-a-half month high on Friday, aided by firm local shares, as demand for riskier assets was spurred by hopes Greece will soon reach an agreement on restructuring its debt.


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