Business

April 1, 2014 12:04 PM

ADB: India's GDP poised to accelerate to 5.5 pc in 2014-15

Asian Development Bank, ADB, has said India's GDP is poised to accelerate to 5.5 per cent in 2014-15 on the back of improved performance in industry and services. While releasing its Outlook 2014 report today, ADB said that, the recent decline of economic growth in India has eased, but the ...

April 1, 2014 12:01 PM

RBI keeps repo rate unchanged at 8pc

In line with market expectations, the Reserve Bank of India (RBI) today kept the repo rate unchanged at 8 per cent in its first bi-monthly monetary policy statement for the year 2014-15.The GDP growth for 2014-15 is expected at 5 to 6 per cent with downside risks. It has also kept the cash reserve r...

April 1, 2014 11:56 AM

RBI keeps repo rate unchanged at 8%; 2014-15 growth rate to be 5.5%

In line with market expectations, the Reserve Bank of India (RBI) today kept the repo rate unchanged at 8 per cent in its first bi-monthly monetary policy statement for the year 2014-15.The GDP growth for 2014-15 is expected at 5 to 6 per cent with downside risks. It has also kept the cash reserve r...

April 1, 2014 11:53 AM

RBI keeps repo rate unchanged at 8%; 2014-15 growth rate to be 5.5%

RBI keeps short-term lending rate, repo unchanged at 8 per cent. Governor Raghu Rajan announced the Annual Monetary Policy for 2014-15 in Mumbai taday. RBI said the growth rate for 2014-15 will be 5.5 per cent, while retail inflation is expected to be under 6 per cent during 2014. Current account de...

April 1, 2014 11:36 AM

RBI keeps short-term lending rate, repo unchanged at 8%

RBI keeps short-term lending rate, repo unchanged at 8 per cent. Governor Raghu Rajan announced the Annual Monetary Policy for 2014-15 in Mumbai taday. RBI said the growth rate for 2014-15 will be 5.5 per cent, while retail inflation is expected to be under 6 per cent during 2014. Current account de...

April 1, 2014 9:07 AM

New Companies Act, 2013, to come into force today

The new Companies Act, 2013, will come into force today. However, many sections are yet to be notified. Among these are setting up of a National Company Law Tribunal (NCLT), a National Financial Reporting Authority (NFRA), winding-up of sick companies and special courts. Companies will be required t...

April 1, 2014 8:47 AM

Core sectors grow by 4.5% in Feb this year

Showing some signs of recovery, the output of eight core sectors grew 4.5 per cent in February this year on improved production of electricity, coal and crude oil. The Index of Eight Core Industries had expanded 1.6 per cent in January and 1.3 per cent in February 2013. The eight core industries - f...

April 1, 2014 8:46 AM

RBI to announce annual monetary policy today

The Reserve Bank of India will announce its Annual Monetary Policy for 2014-15 today. RBI Governor Raghuram Rajan is likely to leave key rates unchanged. Mr. Rajan, who has made clear that his primary goal is to tame price, may hold the repo rate at 8 per cent citing inflationary expectations. The r...

March 31, 2014 9:31 PM

Petrol price cut by 75 paise a litre; diesel rate unchanged<br/>

Petrol price has been cut by 75 paise per litre excluding VAT. The new rate will come into force from midnight to night.However diesel price will remain unchanged Now, petrol will cost Rs. 72.26 in Delhi, Rs. 80.13 in Kolkata, Rs. 80 .89 in Mumbai and Rs. 75.49 in Chennai.

March 31, 2014 9:01 PM

Sahara group staff likely to face delayed salary

Under pressure from a long-running investor refund battle with SEBI, the Sahara group has informed its staff that their salaries may get delayed due to prevailing adverse situation, including attachment of its bank accounts.SEBI in February last year had ordered attachment of all bank accounts and f...

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