Friday, October 5, 2012

Cut CRR for lower rates, say bankers

Cut CRR for lower rates, say bankers

Cut CRR for lower rates, say bankers

Posted: 05 Oct 2012 05:13 PM PDT

Speaking to newspersons after the meeting, State Bank of India chairman Pratip Chaudhuri said that he had asked for a 150-basis point cut in CRR.

IMF pegs India growth lower at 6%

Posted: 05 Oct 2012 04:52 PM PDT

The International Monetary Fund will lower its forecasts for global economic growth to 3.3% this year and 3.6% in 2013 from earlier forecasts of 3.4% and 3.9%, respectively, a Germany newspaper reported on Friday.

Price essential drugs on cost basis: SC

Posted: 05 Oct 2012 04:43 PM PDT

The Supreme Court has suggested a cost-based mechanism for capping the prices of essential drugs.

Sebi probes NSE flash crash

Posted: 05 Oct 2012 02:08 PM PDT

Even as NSE suspended Emkay Global Financial Services, the broking house where the erroneous trades had originated.

Market slam NSE for erroneous trade

Posted: 05 Oct 2012 02:08 PM PDT

Even as NSE suspended Emkay Global Financial Services, the broking house where the erroneous trades had originated.

Rupee snaps 5-day rally, slips 11 paise

Posted: 05 Oct 2012 05:56 AM PDT

The rupee today pared early gains to close 11 paise lower at 51.85 against the dollar on weakness in local shares amid fresh dollar demand from importers.

Toshiba India targets 5-fold jump in business

Posted: 05 Oct 2012 05:22 AM PDT

Toshiba India aims to sell one million PCs and over two million TVs during the next one year.

Sensex closes 120 points down

Posted: 05 Oct 2012 05:02 AM PDT

The Sensex touched a high of 19,137.29 points and a low of 18,757.34 points in intra-day trade. The BSE midcap index was down 53.12 points, while the smallcap index was lower by 65.16 points.

Sahara seeks review of SC verdict

Posted: 05 Oct 2012 04:40 AM PDT

The Sahara group today moved to the Supreme Court seeking review of the verdict demanding it to refund Rs 24,000 crore, raised from investors through Optionally Fully Convertible Debentures (OFCDs)

Nifty's 'flash crash': Sebi initiates probe

Posted: 05 Oct 2012 03:05 AM PDT

Market regulator Sebi has begun initial probe into the 'flash crash' of NSE index Nifty, which fell by nearly 900 points this morning, halting the trade on the exchange for about 15 minutes.

IMF cuts India growth forecast to 6%

Posted: 05 Oct 2012 01:33 AM PDT

The International Monetary Fund will lower its forecasts for global economic growth to 3.3 percent this year and 3.6 percent in 2013 from earlier forecasts of 3.4 percent and 3.9 percent respectively, a Germany newspaper reported on Friday.

Carlyle exits HDFC stake in India

Posted: 05 Oct 2012 12:33 AM PDT

Carlyle Group LP has raised $841 million in India's fourth-biggest equity deal this year by selling its remaining 3.7 percent stake in the country's top mortgage lender.

Nifty crashes 800pts; NSE blames broker

Posted: 05 Oct 2012 12:13 AM PDT

The National Stock Exchange index Nifty crashed 800 points on Friday morning, halting the trade, which the bourse blamed on erroneous orders worth Rs 650 crore by a broker Emkay Global for one of its clients.

Sensex hits fresh 15-month high

Posted: 04 Oct 2012 09:23 PM PDT

Rising for the fifth straight day, the 30-share Sensex touched fresh 15-month high after the government unleashed a second wave of reforms on Thursday deciding to open the pension sector to foreign investment and raising FDI cap in insurance.
Posted by Harshad at 9:16 PM

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