New Delhi: A hawkish RBI on Friday unexpectedly raised the policy rate by 0.25 per cent as it kept its focus on controlling inflation, which it felt would be above the expected levels in the
New Delhi: Onion prices in the national capital continue to remain high at Rs 70-80 per kg as supplies are still under pressure.Prices of the kitchen staple in Azadpur mandi, Asia's largest wholesale market, were
Mumbai: Within days of new RBI Governor Raghuram Rajan making comments to this effect, the central bank today allowed lenders to open branches, including in big cities, without its permission provided they fulfil certain conditions.With
Mumbai: All eyes are on new Reserve Bank Governor Raghuram Rajan who will come out with his maiden monetary policy review Friday amid conflicting demands for rate cut and an urgent need to contain inflation
NEW DELHI: Agriculture Minister Sharad Pawar today said onion prices will ease in the next two-three weeks as fresh output arrives from Maharashtra and other states, providing relief to consumers.“After talking to farmers and traders,
NEW DELHI: As a multi-agency probe continues into the Rs 5,600-crore payment crisis at National Spot Exchange Ltd (NSEL), the government may consider streamlining the norms for commodities and capital markets, regulated by FMC and
New Delhi: A day after the US Fed decided to maintain status quo on its stimulus programme, the Finance Ministry said it is business as usual for India and asserted that the government would continue
New Delhi: Salt to software conglomerate Tata group today today said it has entered into an agreement with Singapore Airlines to start a full-service carrier in India.The two parties have signed a Memorandum of Understanding
NEW DELHI: Salt-to-software conglomerate Tata Group has moved up one place and is now ranked fourth among Asia's 10 best companies for leadership, says a survey by global consultancy firm Hay Group.Tata Group is the
Kolkata: Pitching for public-private partnership, West Bengal Chief Minister Mamata Banerjee Thursday invited investment into the state, assuring potential investors that land would not become an issue."Land will not be a problem, we have land
Mumbai: Small sugar prices recovered at the Vashi wholesale market here today due to renewed demand from stockists and bulk consumers amid good festive offtake. On the other hand, medium variety declined on lack of
New Delhi: The rupee gained as much as 2.8 percent on Thursday, hitting its highest in a month, as the U.S. Federal Reserve's decision to not take back the stimulus.The rupee stands to gain the
New York: The U.S. Federal Reserve has decided against reducing its stimulus for the U.S. economy, saying it will maintain the pace of its bond purchases because it thinks the economy still needs the support.The
New Delhi: Government departments have been banned from holding meetings in 5-star hotels and officials barred from executive class air travel as part of a slew of austerity measures announced today to cut non-plan expenditure
New Delhi: Concerned over the unwillingness of developed economies to push IMF quota reforms, Finance Minister P Chidambaram today said the decisions of the G20 meeting should be implemented expeditiously to ensure credibility of the
New Delhi: Sounding confident that the economy will overcome the current crisis, Reliance industry chairman Mukesh Ambani today said there is a need to look beyond the gloom and doom. "India should look beyond the
New Delhi: Financial services provider Motilal Oswal today said the group has total exposure of Rs 253.92 crore as on date on crisis-ridden National Spot Exchange Ltd.The company, in a BSE filing said, NSEL owes
New Delhi: The Forward Markets Commission (FMC) has constituted an ‘Advisory Committee' to look into issues arising out of technology enabled trading facilities like algorithmic offered on the national commodity bourses.Currently, there are 21 commodity
New Delhi: The Reserve Bank, in its upcoming credit policy meet, is likely to keep policy rates on hold and liquidity tightening measures in place to help stabilise the currency and curb inflation, says an
New Delhi: Losses on diesel sales have hit a record Rs 14.50 a litre, sending the government scrambling for ways to cover the mounting subsidy bill.Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Bharat
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