Friday, August 17, 2012

HDFC revives fixed-rate loans at 10.75-11.25%

HDFC revives fixed-rate loans at 10.75-11.25%


HDFC revives fixed-rate loans at 10.75-11.25%

Posted: 17 Aug 2012 12:16 PM PDT

Housing Development Finance Corporation has sought to reactivate the market for fixed rate home loans with the launch of a new product where interest rates are fixed for 10 years.


PM panel pegs FY13 GDP growth at 6.7%

Posted: 17 Aug 2012 12:12 PM PDT

The Indian economy is expected to grow by 6.7% in 2012-13, a top advisory panel to the Prime Minister said on Friday, and called for accelerating vital economic reforms including raising diesel prices for faster growth.


IndiGo topples Jet Group as No. 1 airline

Posted: 17 Aug 2012 12:10 PM PDT

Days after turning six, low-cost carrier (LCC) IndiGo has upstaged the 1993-founded Jet Group to become the market leader of domestic skies.


Maruti faces backlash over sackings

Posted: 17 Aug 2012 12:05 PM PDT

Troubles refuse to end for Maruti Suzuki as a backlash appears to be brewing against its decision to sack a third of the worker force at the embattled Manesar plant.


India's forex kitty stays almost flat at $289.17bn

Posted: 17 Aug 2012 06:57 AM PDT

India's foreign exchange reserves rose by USD 17.8 million to USD 289.17 billion for the week ended August 10, the Reserve Bank said today.


PM's economic panel lowers GDP forecast

Posted: 17 Aug 2012 06:53 AM PDT

Advisers to the prime minister issued a stern warning to the government on Friday on the need to rein in the country's fiscal and current account deficits to avoid the risk of a credit ratings downgrade to junk status.


Sensex edges higher; ITC gains, Reliance Power falls

Posted: 17 Aug 2012 06:07 AM PDT

The sensex provisionally ended up 0.19 percent at 17,691.08 points, while the 50-share NSE index rose 0.06 percent to end at 5,366.30 points.


Rupee up two paise vs dollar at 55.73

Posted: 17 Aug 2012 06:01 AM PDT

The rupee rose marginally on Friday, helped by the euro's gains and after a government panel forecast a lower current account deficit, but still posted a fall for the week as high global crude prices sparked demand for dollars.


Spain seeks first banking rescue payment shortly

Posted: 17 Aug 2012 05:06 AM PDT

Spain's government said today it will soon request a first payment for its deeply troubled banks from an emergency eurozone rescue line.


Gold gains Rs 80, silver Rs 300 on fresh buying

Posted: 17 Aug 2012 03:02 AM PDT

Both gold and silver rose in the bullion market here on Friday on fresh buying by stockists and investors amid a firming global trend.


Sebi allows 7 AIFs to operate in India

Posted: 17 Aug 2012 02:39 AM PDT

Market regulator Sebi has allowed seven Alternative Investment Funds (AIF) to set shop in the country under a newly formulated route, which allows pooling of funds for investments in areas like real estate, private equity and hedge funds.


Sebi to take up further market reforms: Chidambaram

Posted: 17 Aug 2012 12:19 AM PDT

Finance minister P Chidambaram on Friday said regulator Sebi is expected to announce fresh market reform measures next month.


Sensex up on easing of eurozone debt worries

Posted: 16 Aug 2012 10:40 PM PDT

Persistent capital inflows coupled with higher Asian cues on easing of eurozone debt worries pulled up the BSE benchmark sensex by 126 points in late morning trade on Friday.


Sensex up 126 points on easing of eurozone debt worries

Posted: 16 Aug 2012 10:40 PM PDT

Persistent capital inflows coupled with higher Asian cues on easing of eurozone debt worries pulled up the BSE benchmark sensex by 126 points in late morning trade on Friday.


Rupee up 7 paise against dollar

Posted: 16 Aug 2012 09:35 PM PDT

The rupee rose by 7 paise to Rs 55.68 against the US dollar in early trade on Friday on the Interbank Foreign Exchange as the American currency weakened against euro overseas.


Sensex gains 88 points in early trade

Posted: 16 Aug 2012 09:23 PM PDT

The BSE benchmark Sensex recovered by over 88 points in early trade on Friday after yesterday's losses on emergence of buying by funds and retailers.


Shell out more for mutual fund investments

Posted: 16 Aug 2012 04:31 PM PDT

Announcing the measures, Sebi chairman U K Sinha said that it has recommended to the government to offer equity mutual fund investors the same benefit of taxation proposed under the Rajiv Gandhi Equity Savings Scheme.

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