Business

January 28, 2014 2:04 PM

Central bank should boost investments, economic growth: India Inc

India Inc today said the central bank should now focus on boosting investments and economic growth rather than containing inflation.CII said in a statement, India has entered a cycle where high interest rates are leading to subdued demand conditions resulting in lower growth and investment.This in t...

January 28, 2014 2:04 PM

Central bank should boost investments, economic growth: India Inc

India Inc today said the central bank should now focus on boosting investments and economic growth rather than containing inflation.CII said in a statement, India has entered a cycle where high interest rates are leading to subdued demand conditions resulting in lower growth and investment.This in t...

January 28, 2014 12:09 PM

RBI hikes key lending rate by 0.25 per cent to 8 per cent

Reserve Bank of India has hiked key lending rate by 0.25 per cent to 8 per cent. It kept the cash reserve ratio unchanged at 4 per cent.Releasing the third quarter review of monetary policy, RBI Governor Raghuram Rajan said, that Marginal Standing Facility rate stands at 9 per cent.GDP growth is exp...

January 28, 2014 11:51 AM

Long-term policy for mutual funds to expand in non-metro markets soon: SEBI

The Securities and Exchange Board of India will soon come out with a long-term policy that will help deepen the penetration of the mutual fund industry into non-metro markets. Speaking to reporters in Mumbai on Monday, SEBI Chairman U K Sinha said that the policy will help the industry in creating m...

January 28, 2014 11:51 AM

Long-term policy for mutual funds to expand in non-metro markets soon: SEBI

The Securities and Exchange Board of India will soon come out with a long-term policy that will help deepen the penetration of the mutual fund industry into non-metro markets. Speaking to reporters in Mumbai on Monday, SEBI Chairman U K Sinha said that the policy will help the industry in creating m...

January 27, 2014 5:04 PM

Sensex tumbles 426 points down at close

The Sensex at the Bombay Stock Exchange tumbled 426 points, or 2 percent, to close below the 21,000-level, at 20,707, amid falling global markets, today. The Nifty at the National Stock Exchange declined 131 points, or 2.1 percent, to 6,136.

January 27, 2014 11:55 AM

Japan reports annual trade deficit consecutively third year

Japan has reported a record annual trade deficit after the weak yen pushed up the cost of energy imports. Its deficit rose to 11.5 trillion yen in 2013, a 65 percent jump from a year ago. Japan has seen its energy imports rise in recent years after it shut all of its nuclear reactors in the aftermat...

January 27, 2014 11:55 AM

Japan reports annual trade deficit consecutively third year

Japan has reported a record annual trade deficit after the weak yen pushed up the cost of energy imports. Its deficit rose to 11.5 trillion yen in 2013, a 65 percent jump from a year ago. Japan has seen its energy imports rise in recent years after it shut all of its nuclear reactors in the aftermat...

January 27, 2014 10:06 AM

Rupee depreciates by 18 paise to 62 rupees 84 paise

The rupee depreciated by 18 paise to 62.84 a dollar in early trade today on the Interbank Foreign Exchange market due to appreciation of the American unit against major currencies overseas.Increased month-end demand for the dollar from banks and importers also put pressure on the rupee.The rupee had...

January 27, 2014 8:50 AM

MTNL to launch high speed Wi-Fi services at different locations

State-owned telecom company MTNL is planning to launch high speed Wi-Fi services in Mumbai and Delhi, which will provide Internet services to customers at different locations, apart from their homes. MTNL Executive Director Peeyush Agarwal said that MTNL would be tying up with malls, coffee chains a...

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