Others News

Not many options on rupee, Rangarajan says

15 December 2011 at 10:30

The Indian rupee, which has depreciated against the dollar for seven consecutive trading sessions, has shed almost 4% since last week On a day the rupee touched a new lifetime low of 53.85 against the dollar, C Rangarajan, chairman of the Prime

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Nov inflation at 9.11%, slightly above expectations

15 December 2011 at 10:30

The latest price-rise figures may complicate matters for the central bank, which was expected to shift its bias towards growth from inflation in its mid quarter monetary policy review on Friday Wholesale-price inflation in India posted a 9.11% a

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Off balance sheet items a concern for private banks

14 December 2011 at 10:34

ICICI Bank and Axis Bank rank poorly because the risk weighted average as a proportion of assets is at 83% on average compared to 74% for the other private sector peers

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United action needed to save economy: FM

14 December 2011 at 10:34

A day after leader of opposition in Rajya Sabha Arun Jaitley blamed the government for policy paralysis, finance minister Pranab Mukherjee suggested that coalition compulsions cannot be called policy paralysis. He said the nation needed "co

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Rupee hits a new low as fall continues

14 December 2011 at 10:33

Touches 53.52 to a dollar; most dealers say the currency can decline further against the greenback The rupee fell to a new low of 53.52 a dollar on Tuesday before ending the day at 53.23, with the euro’s weakness against the US unit adding

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Interest rates may remain unmoved by the dip in industrial growth

13 December 2011 at 11:16

There is no doubt that falling economic growth indicators will put more pressure on RBI, which is waging a lone fight against inflation, to change its stance If there was any confirmation needed that the economy is in the grip of a slowdown, thi

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Banks get seat on board for AI turnaround

13 December 2011 at 11:16

The new monitoring board is expected to be established after the cabinet clears the turnaround plan India’s aviation ministry has agreed to allow Air India’s lenders to be part of a monitoring board that will oversee execution of the

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Interest Rate on PPF

13 December 2011 at 10:46

The Provident Fund handled by the Employees’ Provident Fund Organisation is known as Employees’ Provident Fund (EPF). Rate of interest on Employees’ Provident Fund for every year is recommended by the Central Board of Trustees, E

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Ministry to appoint 3 new members to CLB

12 December 2011 at 10:57

CLB has been running short of staff for around five years and has at least 2,500 pending cases related to various aspects of company law In its bid to institute a strong company law tribunal, the ministry of corporate affairs (MCA) has begun the

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