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May 3, 2013 11:59 AM

RBI cuts repo rate by 25 basis points

The Reserve Bank of India (RBI) today reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points, from 7.5 per cent to 7.25 per cent with immediate effect. The reverse repo rate under the LAF, also stands adjusted to 6.25 per cent. The Marginal Standing Facility (M...

May 3, 2013 11:51 AM

House adjourned till noon on coal block allotment & Delhi riots issue

Both the Houses of Parliament have been adjourned for an hour till noon today on the issues of coal blocks allotment and 1984 Delhi riots. Lok Sabha Speaker Meira Kumar adjourned the House as the BJP members trooped into the well, demanding the Prime Minister's resignation on the coal blocks al...

May 3, 2013 11:05 AM

Prosecutor in Benazir murder case shot dead in Islamabad

Gunman in the Pakistani capital Islamabad have killed the special prosecutor investigating the murder of former prime minister Benazir Bhutto. Chaudhary Zulfiqar Ali was shot dead in front of his home. He was critically injured and was rushed to hospital where he succumbed to injuries. Eight people ...

May 3, 2013 8:34 AM

K'taka polls: Campaigning ends this evening; Voting on Sunday

Campaigning for the Karnataka Assembly Elections comes to an end this evening. 223 out of 224 constituencies will go to polls on 5th of this month, while counting will take place on the 8th. The election in one constituency was countermanded due to the death of BJP candidate in Periyapattana in Myso...

May 3, 2013 8:32 AM

Cabinet nod for IKEA's Rs.10,500cr investment proposal in single-brand retail

The Cabinet Committee on Economic Affairs, CCEA has given its approval to the Swedish retailer IKEA for Foreign Direct Investment, FDI in single-brand retail. The approval will result in FDI inflows amounting to around 10,500 crore rupees in the country. A decision to this effect was taken at the me...

May 2, 2013 8:43 PM

Hectic campaigning in K'taka with just two days to go for assembly polls

In Karnataka the Assembly election campaign in 224 constituencies reaches crescendo as public campaign ends tomorrow evening. AICC President Sonia Gandhi, Gujarat Chief Minister Narendra and addressed election rallies in today.In Mangalore Constituency of Dakshina Kannada district Gujarat Chief Mini...

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