RBI hikes short-term lending & borrowing rates by 25 basis points

Reserve Bank of India today raised key short-term lending and borrowing rates by 25 basis points for the 10th time since March, 2010.While the short-term lending or repo rate has been raised to 7.5 per cent, the borrowing rate has been hiked to 6.5 per cent. Subsequently, the marginal standing facil...

RBI hikes short-term lending & borrowing rates by 25 basis points

Reserve Bank of India today raised key short-term lending and borrowing rates by 25 basis points for the 10th time since March, 2010.While the short-term lending or repo rate has been raised to 7.5 per cent, the borrowing rate has been hiked to 6.5 per cent. Subsequently, the marginal standing facil...

Pranab releases handbook on disinvestment

Finance Minister Pranab Mukherjee today released a handbook on disinvestment that will provide information on entire disinvestment process starting from the Government approval to final listing of an enterprise on the stock exchanges. Releasing the handbook 'Disinvestment Through Public Off...

BSE Sensex down 146 points

Food inflation falls to 8.96 pc in week ending June 4

Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables.Food inflation, as measured by the Wholesale Price Index or WPI, stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year.D...

India signs two loan agreements with ADB

India and Asian Development Bank have signed two loan agreements under which the multilateral agency will give 432 million dollars for the development of highways in Madhya Pradesh and strengthening power sector in Bihar. Of the total amount, 300 million dollars will be extended to Madhya Pradesh to...

Sensex down by 126 pts

The Sensex at the Bombay Stock Exchange lost 126 points, or 0.7 per cent, to 18,006 in opening trade, this morning, on continued selling by cautious investors, hours before the Reserve Bank of India's monetary policy review announcement. Later, after the policy announcement, the Sensex rema...

Sensex down by 105 pts

The BSE benchmark Sensex was trading 105 points down at 18,027 a shortwhile ago. Earlier it fell by over 126 points in opening trade. Similarly, Nifty was also trading 38 points down at 5,409 when reports last came in.

Maruti strike enters 13th day

The strike at the country's largest car-maker Maruti Suzuki India 's Manesar plant has entered its 13th day today. The company has lost production of 11,400 units till yesterday, valued at about 570 crore rupees. Yesterday evening, Haryana Chief Minister Bhupinder Singh Hooda met M...

Food inflation falls marginally to 8.96 pc

Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables. Food inflation, as measured by the Wholesale Price Index or WPI, stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year....