Reserve Bank of India - Reserve Bank Of India News

Reserve Bank Of India News

Free foodgrain to needy: To give or not to give Thursday, September 2, 2010 @ 7:33AMThe Supreme Court's order on free distribution of grains to the needy is most likely meant to be a one-time exercise, feels Bhavdeep Kang.
The Dollar's Days are Numbered Thursday, September 2, 2010 @ 7:24AMThe U.S. currency has had its days as provost of international transactions and how to maintain currency reserves of countries.
Lifetime Achievement Award for Narayana Murthy Thursday, September 2, 2010 @ 7:23AMNarayana Murthy, the founder-chairman of Infosys Technologies, won NDTV Profit's Lifetime Achievement Award for 2010. He said that in some way he is involved in initiatives that add some value to the nation.
Malaysia Refrains From Raising Rate as Rebound Cools Thursday, September 2, 2010 @ 6:32AMMalaysia’s central bank left interest rates unchanged after three consecutive increases, choosing to support growth as the global recovery slows.
China, India Urge Stability of Reserve Currencies to Help GLobal Recovery Thursday, September 2, 2010 @ 5:52AMChina and India today urged stability in major reserve currencies and in nations’ macro- economic policies to help cement the global recovery.
Another US recession? 30% chance, says Greenspan! Thursday, September 2, 2010 @ 5:18AM"I see a third to fourth of a chance of a double dip (in the US economy)," noted American economist and former chairman of the Federal Reserve of the United States, Alan Greenspan, said while addressing an audience through video-conferencing during an award function in Mumbai on Wednesday.
No Secret to Gold Investing. Just Accumulate. Thursday, September 2, 2010 @ 4:09AMSince I am known as something of a gold bug, a lot of people write to me about gold, but since I am a paranoid lunatic, I don’t read their letters, mostly because I now call myself Marvelous Macho Grande (MMG), figuring that an established alias could potentially come in handy when the prices of gold, silver and oil...
The degree zero of culture Thursday, September 2, 2010 @ 4:03AMTen years ago, Taliban Afghanistan - Talibanistan - was under a social, cultural, political and economic nightmare.
Strong fundamentals to lift market in Delhi Thursday, September 2, 2010 @ 2:20AMStrong fundamentals to lift market in Delhi
Commodities fall narrows trade surplus Thursday, September 2, 2010 @ 2:09AMSharp falls in coal and iron ore exports are responsible for weaker than expected July trade surplus.
Indian Stock Gains to Be Capped on Outlook, HDFC Says Thursday, September 2, 2010 @ 1:57AMIndian stock gains may be limited over the next three to four months as global growth, inflation and valuation concerns prompt investors to avoid riskier assets, HDFC Standard Life Insurance Co. said.
Coal, iron ore fall narrows trade surplus Thursday, September 2, 2010 @ 12:46AMFALL in coal and iron ore exports and military aircraft purchases are behind lower trade surplus, economists say.
Commodities fall narrows trade surplus Wednesday, September 1, 2010 @ 11:36PM[AAP] - A sharp fall coal and iron ore exports to China and India and one-off purchases of military aircraft are the factors behind a much lower than expected trade surplus, economists say.The trade balance narrowed ...
Indian Stock Gains to Be Capped on Growth Outlook, HDFC Standard Life Says Wednesday, September 1, 2010 @ 10:50PMIndian stock gains may be limited over the next three to four months as global growth, inflation and valuation concerns prompt investors to avoid riskier assets, HDFC Standard Life Insurance Co. said.
16. Australia GDP grows at fastest pace in 3 years Wednesday, September 1, 2010 @ 6:58PMSYDNEY: Australia's economy grew at the fastest pace in three years last quarter as households spent far more than expected while exports enjoyed an Asian-driven boom, reviving the risk of a further rise in interest rates.
Business Leader of the Year: Mukesh Ambani Wednesday, September 1, 2010 @ 6:52PMMukesh Ambani, chief of RIL and who also won the Business Leader of the Year at NDTV Profit Business Leadership Awards, said that GST and DTC are historical milestones and "every country would want to have them."
ED declines interview for RBI dy governor's post Wednesday, September 1, 2010 @ 5:33PMThe appointment of a deputy governor to the country's central bank has always been surrounded by controversy. And this time is no exception. One of the Reserve Bank of India executive directors, C Krishnan, who was called to an interview for the post, has declined to appear before the search committee. The interview was scheduled for September 9.
Saved by the BRICs Wednesday, September 1, 2010 @ 5:01PMGoldman Sachs' chief economist thinks there's good reason for long-term bullishness. While the US is clearly in trouble, he argues that robust demand growth in Brazil, Russia, India and China will drive renewed global growth. 2 Sep 2010 7:46 AM
Intuc off strike Hyderabad, Sept. 1 Wednesday, September 1, 2010 @ 4:54PM(PTI) : The Congress- backed Intuc will not participate in the proposed nation-wide general strike called by central trade unions on September 7.
Creative Entrepreneur of the Year: Aamir Khan Wednesday, September 1, 2010 @ 4:22PMActor and producer Aamir Khan, who won the Creative Entrepreneur of the Year at NDTV Profit Business Leadership Awards, said that he just wants to continue to be part of stories. "I don’t see myself as a business person," he added.
Asian factorygrowth outstrips two-speed Europe Wednesday, September 1, 2010 @ 4:09PMReuters/London/Beijing Manufacturing in China, India and Russia powered ahead in August while growth slowed in European factories, emphasising a growing divide in the pace of recovery between the rich and emerging worlds.
Harry Winston Diamond Corporation reports Second Quarter Results: Strong increase in sales and earnings Wednesday, September 1, 2010 @ 4:01PMHarry Winston Diamond Corporation today announced its second quarter results for the period ending July 31, 2010.
GDP flap could put rate hike plan on freeze Wednesday, September 1, 2010 @ 3:58PMEven as the government said it will not scale down the April-June quarter GDP growth number of 8.8% released on Tuesday, an internal analysis of the data by government agencies has pinned the discrepancy on the incorrect use of inflation numbers. Minus the mistake in the inflation or deflator, while the GDP at factor cost will stay unchanged, the market price based estimate will climb to near 10 ...
Business : Strong fundamentals to lift market in Delhi Wednesday, September 1, 2010 @ 2:19PMThe global recession, which crippled the world’s economic backbone with burst stock and real estate market bubbles, may have not exposed deep structural problems in the Indian economy, but the realty sector in India had borne the brunt of weakened consumer and business confidence.
Business : Robust sales despite large supply in Mumbai Wednesday, September 1, 2010 @ 2:19PMTop developers in Mumbai, Delhi and Bangalore, the three biggest property markets in India, have acquired thousands of acres of prime land in the recent past and are busy developing millions of sq ft of real estate.
Abheek Barua: Remembering the current account Wednesday, September 1, 2010 @ 1:48PMAt the beginning of each year, members of our tiny community of market economists and forecasters take a hard look at their spreadsheets, stroke their chins purposefully and conclude that the rupee will appreciate quite considerably over the year.
Stocks, Copper Rise, Treasuries Drop on Manufacturing Growth Wednesday, September 1, 2010 @ 9:27AMGlobal stocks surged the most since May, Treasuries tumbled and copper rallied as manufacturing in the U.S. and China grew faster than economists estimated. The dollar, yen and Swiss franc weakened.
GLOBAL ECONOMY-Factory growth picks up in China, slips in Europe Wednesday, September 1, 2010 @ 7:35AM* Euro zone, UK factory growth slows in August
Kingfisher Airlines to raise Rs 5,000 cr Wednesday, September 1, 2010 @ 5:19AMThe company's board approved the airline's plan to raise the amount through issuance of equity shares or preference shares or through global depository receipts.
LME MORNING - China's manufacturing data pushes base metals higher Wednesday, September 1, 2010 @ 5:13AMLondon, 01 September 2010 - Base metals rose sharply during LME premarket trading on Wednesday, led by a surge in copper to four-month highs after strong manufacturing data in China and Europe raised demand prospects.
Emerging Bond Sales Double on Dollar Yields Below Local Debt Wednesday, September 1, 2010 @ 4:27AMEmerging-market governments and companies almost doubled sales of dollar-denominated bonds in August from a year ago as costs to borrow in the U.S. currency dropped below local yields for the first time since 2008.
Oil rebounds as China manufacturing picks up Wednesday, September 1, 2010 @ 3:16AMChina's manufacturing PMI grows for 18th straight month. 1 Sep 2010 6:13 PM
India PMI, exports point to slower growth Wednesday, September 1, 2010 @ 2:43AM* India PMI falls to 57.25 in August from 57.6 in July
India trade deficit swells to most in 22 months Wednesday, September 1, 2010 @ 2:43AM* Trade deficit widens to biggest since Sept 2008
We’re approaching boom levels of growth: ABS Tuesday, August 31, 2010 @ 10:29PMThe Australian economy is approaching boom-like levels of growth, making a mockery of all those critics on the conservative side of politics and economics.
Indian bond yields to drop on U.S. cues; sale eyed Tuesday, August 31, 2010 @ 10:08PMMUMBAI, Sept 1 (Reuters) - Indian federal bond yields should fall on Wednesday, tracking a drop in U.S. yields but the results of a 35 billion rupees treasury bill sale due around 0900 GMT will be watched for cues.
India's recovery continues as growth rises to 8.8% Tuesday, August 31, 2010 @ 9:34PMGrowth rates in Asia's third-largest economy have soared in the second quarter, although they are predicted to slow India's economy grew 8.8% in the quarter to June 30, its fastest pace in over two years, as strong farm and manufacturing output lifted growth back to its pre-crisis trajectory. Economic doldrums this time last year helped bolster growth rates, which some economists say will begin ...
Economy firms up through Australian retail sales Tuesday, August 31, 2010 @ 8:30PMIn a solidly optimistic sign, Australia retail sales have risen, to give surprisingly strong figures for July.
India’s Economic Growth Accelerated to 8.8% in Quarter Tuesday, August 31, 2010 @ 8:23PMEconomists said growth would probably cool slightly in the months ahead, as the world economy slowed.
Higher pension, gratuity outgo to hit banks' net Tuesday, August 31, 2010 @ 7:00PMHigher pension, gratuity outgo to hit banks' netHigher pension, gratuity outgo to hit banks' net
Indian economy grows 8.8 per cent Tuesday, August 31, 2010 @ 6:45PMINDIA’S ECONOMY grew a brisk 8.8 per cent year-on-year in the June quarter – its fastest pace since early 2008 – highlighting the strength of the economy in spite of the impact of high inflation on consumer spending.
Oil prices fall Tuesday, August 31, 2010 @ 6:26PMSome of the economic news was a little better on Tuesday, but it was not enough to keep oil prices from dropping again.
Endocyte Secures $15 Million Credit Facility Tuesday, August 31, 2010 @ 10:21AMWEST LAFAYETTE, Ind.--(BUSINESS WIRE)--Endocyte, Inc., a biopharmaceutical company developing targeted small molecule drug conjugates, announced that it entered into a loan, security agreement with MidCap Financial and Silicon Valley Bank.
Endocyte Secures $15 Million Credit Facility Tuesday, August 31, 2010 @ 10:08AMWEST LAFAYETTE, Ind.----Endocyte, Inc., a biopharmaceutical company developing targeted small molecule drug conjugates, announced that it has entered into a loan and security agreement with MidCap Financial and Silicon Valley Bank, providing access to up to $15 million of capital to the company.
Greg Becker Named President of SVB Financial Group Tuesday, August 31, 2010 @ 7:45AMSVB Financial Group announced that Greg Becker has been promoted to president of SVB Financial Group, the parent company of Silicon Valley Bank. Â Becker will remain president of Silicon Valley Bank, a position he has held since 2008. Â Ken Wilcox will remain chief executive officer of SVB Financial Group and Silicon Valley Bank.
Sensex down 61 pts on global cues; RIL sheds 3.05 pc Tuesday, August 31, 2010 @ 6:41AMMumbai, Aug 31 (PTI) The BSE benchmark Sensex shed 61 points to end below the 18,000-mark today despite strong GDP growth in the first quarter, with blue-chips led by RIL registering sharp losses amid a weak global trend.
Manufacturing leads India's Q1 8.8 percent growth Tuesday, August 31, 2010 @ 6:31AMThe Indian economy grew at a faster rate of 8.8 percent in the first quarter of this fiscal as strong domestic demand resulted in a spurt of manufacturing activity, official data released Tuesday showed.
India GDP grows most since Dec 2007 Tuesday, August 31, 2010 @ 6:27AMNEW DELHI (Reuters) - India's economy grew at its fastest pace in nearly three years in the April-June quarter on strong manufacturing growth and better farm output that may keep the central bank on its gradual monetary tightening path.
India economy grows 8.8% in Q2 Tuesday, August 31, 2010 @ 6:06AMIndia's economy has registered its fastest growth in more than two years in the last quarter due to an expansion in manufacturing and services, official data shows.
Manufacturing leads India's Q1 8.8 percent growth Tuesday, August 31, 2010 @ 6:03AMNew Delhi, Aug 31 : The Indian economy grew at a faster rate of 8.8 percent in the first quarter of this fiscal as strong domestic demand resulted in a spurt of manufacturing activity, official data released Tuesday showed.