Finance, Forex and Investments

India Central Bank News

  • India's youngest ministry tasked to end open defecation Wednesday, July 20, 2011 @ 4:13AMIndia's youngest ministry has the enormous task of ridding rural areas of open defecation and unsafe drinking water with about 245 million people in the country still without access to sanitation facilities and nearly 76 million still not getting adequate safe drinking water.
  • For the Record: 7/20/2011 Wednesday, July 20, 2011 @ 2:41AMScores, statistics, standings and information of local and national sports.
  • Asian Currencies Strengthen on Gains in Global Stocks, U.S. Housing Data Tuesday, July 19, 2011 @ 10:13PMSouth Korea’s won and Malaysia’s ringgit led gains in Asian currencies as better-than-expected U.S. housing figures brightened the outlook for exports and a rally in global stocks fanned demand for riskier assets.
  • India’s Ahluwalia Sees Several Months to Bring Down Inflation Tuesday, July 19, 2011 @ 8:14PMIndia will take several months to reduce inflation to “an acceptable level,” and the central bank’s interest-rate increases haven’t hurt the economy, Prime Minister Manmohan Singh’s top economic aide said.
  • Don't hit delete! That Hotmail from the Prime Minister may be for real Tuesday, July 19, 2011 @ 6:56PMAfter a triple bombing in Mumbai killed 21 people last week, Prime Minister Manmohan Singh's office issued a statement condemning the terrorist attacks - from a Microsoft Hotmail address.
  • Market Nuggets: Country Hedging's Smith: Gold Eases On 'Gang Of Six' Budget Proposal Tuesday, July 19, 2011 @ 5:18PM?? (Kitco News) ? Gold futures have fallen back below $1,600-an-ounce mark on prospects for pr
  • India for early solution to Iran oil crisis Tuesday, July 19, 2011 @ 4:56PMIran on Tuesday again threatened to cut oil supplies to India from next month if New Delhi failed to route payments to clear a pending bill of around $5 billion by that time.
  • R snaps 2-day drop; bond yields decline Tuesday, July 19, 2011 @ 4:10PMRupee strengthened, snapping a two-day decline, after overseas investors stepped up purchases of the nation's shares to take advantage of growth the country.
  • Bangladesh and India join hands to fight smuggling Tuesday, July 19, 2011 @ 4:04PMBangladesh and India are set to sign a deal to combat smuggling, customs offences and fraud by strengthening cooperation between the customs administration of the two neighbouring countries, officials said.
  • India stocks gain most in a week Tuesday, July 19, 2011 @ 3:20PMIndia’s benchmark stock index rose the most in a week as lenders rallied after the third biggest bank reported earnings that were in line with estimates and a rally in European shares eased investor concern.
  • Pheu Thai urged to tread carefully Tuesday, July 19, 2011 @ 2:50PMThe new government risks stoking inflation and a fiscal crisis unless it carefully plans the framework for its lavish campaign promises and can collect more revenue to pay for them, warns Prasarn Trairatvorakul, the Bank of Thailand governor.
  • Adarsh: CBI opposes plea for defreezing accounts Tuesday, July 19, 2011 @ 11:29AMThe Central Bureau of Investigation on Tuesday opposed a petition filed by controversial Adarsh Housing Society seeking defreezing of its bank accounts, saying that the money could be part of "ill-gotten and benami" wealth.
  • Peru ETF (EPU) Continues to Bounce Back After Election Sell-Off Tuesday, July 19, 2011 @ 10:46AMIs the Peru ETF at the end of this roller coaster yet?
  • Gold to Correct After Front Page Financial Times Article? Gold in 2011 V’s the 1970’s and 1979 Tuesday, July 19, 2011 @ 8:21AMGold has fallen in most currencies today and is trading at USD 1,603, EUR 1,130, GBP 995 and CHF 1,315 per ounce. Gold is 0.3% higher in Swiss francs again today after the last two weeks of deepening turmoil saw gold rise in the Swiss franc.
  • New Direct Bank, ZUNO, Rolls out Across CEE Powered by Finacleâ„¢ From Infosys Tuesday, July 19, 2011 @ 8:08AMLONDON, July 19, 2011 /PRNewswire/ - Finacle(TM) will Support the Bank´s Growth Strategy to Bring Direct Banking Convenience to new age Customers Infosys Ltd. is pleased to announce the successful implementation of Finacle(TM) core banking …
  • Trust Assets inventory still on Tuesday, July 19, 2011 @ 6:03AMAnantapur (Andhra Pradesh), Jul 19: The second day of searches by Anantapur district officials at Yujur Mandir, the personal chamber of Satya Sai Baba in Puttaparti, yielded Rs 27 lakh in cash concealed in a suitcase, this morning.
  • India Stocks Gain Most in a Week on HDFC Bank Earnings, Europe Tuesday, July 19, 2011 @ 4:42AMIndia’s benchmark stock index climbed the most in a week as lenders rallied after the third biggest bank reported earnings that beat estimates and a rally in European shares eased investor concern.
  • For the Record: 7/19/2011 Tuesday, July 19, 2011 @ 2:40AMScores, statistics, standings and information of local and national sports.
  • US to fund feasibility studies in India's energy sector Tuesday, July 19, 2011 @ 2:27AMThe US Trade and Development Agency USTDA Tuesday signed two deals worth over $1.4 million to fund feasibility studies in India's energy sector.
  • RBA's new normal on interest rates Monday, July 18, 2011 @ 11:39PMComment The RBA's focus on the longer term trumps the disaster headlines - and means interest rates aren't likely to go down or up anytime soon.
  • India Stock-Index Futures Drop Amid U.S., Europe Debt Concerns Monday, July 18, 2011 @ 10:47PMIndia’s stock-index futures dropped, signaling a decline in benchmark indexes, amid rising concerns over U.S. and European debt.
  • Bankers want a halt to interest rate hikes Monday, July 18, 2011 @ 10:37PMAmid a steep slowdown in credit off-take and an unexpected spike in deposits, bankers on Monday urged Reserve Bank of India to hold the policy rates at the current levels, and sought a clearer picture on the future interest rates and inflation at the policy review next week
  • Indian Market Seen Unchanged Monday, July 18, 2011 @ 10:31PMThe Indian market is seen opening flat to slightly lower on Tuesday, tracking tepid global cues. U.S. stocks fell overnight and most Asian stocks are declining this morning due to the impasse in the U.S. debt-ceiling talks.
  • India Government’s Use of Hotmail, Gmail ‘Recipe for Disaster’ Monday, July 18, 2011 @ 9:49PMAfter a triple bombing in Mumbai killed 21 people last week, Prime Minister Manmohan Singh’s office issued a statement condemning the terrorist attacks -- from a Microsoft Corp. Hotmail address.
  • Chengdu on global top 15 emerging business cities list Monday, July 18, 2011 @ 9:34PMFortune magazine has named Chengdu as one of the top 15 global emerging business cities for 2011. Chongqing was the only other Chinese city given the honor.
  • RBA Board Had ‘More Time’ to Assess Inflation, Minutes Show Monday, July 18, 2011 @ 9:24PMAustralia’s central bank had scope to extend an interest-rate pause because risks posed by Europe’s debt crisis and a slower-than-forecast domestic recovery eased inflation concerns, minutes of its July 5 meeting showed.
  • Business : Gold may reach $5,000 by 2020 Monday, July 18, 2011 @ 2:26PMDUBAI - Even after hitting a record high of above $1,600 per ounce on Monday, prospects are that gold price is poised to continue its breathtaking rally to scale loftier heights ranging from $2,000 to $5,000 over the coming few years.
  • Bankers petition RBI for pause in rate hikes Monday, July 18, 2011 @ 2:06PMWith signs of slowdown in credit growth emerging in the April-June quarter, top bankers' have sought a breather from the Reserve Bank of India in the current rate hike cycle.
  • Use the company car, decline its leased flat, advise experts Monday, July 18, 2011 @ 1:41PMNew tax rules on perks need some smart changes in what you claim.
  • Tata raises red flag on anti-inflation stance Monday, July 18, 2011 @ 1:35PMSays India, China must strike a balance between inflation control & growth; fears another slowdown.
  • Wife, lover arrested for husband's murder Monday, July 18, 2011 @ 1:28PMA married woman and her lover were arrested Monday for murdering her husband, police said.
  • Government keen to reduce loan rate for self help groups: Ramesh Monday, July 18, 2011 @ 1:27PMThe government is keen to bring down interest rate on bank loans to Self Help Groups SHGs and make it on par with that for crop loans, Rural Development Minister Jairam Ramesh said here Monday.
  • Clinton to visit Chennai Wednesday Monday, July 18, 2011 @ 1:27PMUS Secretary of State Hillary Clinton, who began her three day visit to India Monday, is expected to visit the Tamil Nadu capital Wednesday.
  • Coach rapes minor kho kho player in Goa hotel Monday, July 18, 2011 @ 1:27PMThe police here have arrested a kho kho coach from Uttar Pradesh after he raped a 16-year-old player in a hotel room near Colva beach, 40 km from here Monday.
  • Iran threatens to cut oil supply to India if overdue payments are not made: Report Monday, July 18, 2011 @ 12:59PMIran is threatening to cut oil supplies to India by August if billions of dollars in what it says are overdue payments for crude oil are not made.
  • Gold tops $1,600 US on debt fears Monday, July 18, 2011 @ 12:36PMGold shot up to a record high at noon trading Monday as investors bought the metal to hedge against a looming U.S. debt default and spreading European financial crisis.
  • Fed Forecast Buoyed as Dudley Expects Dollar-Driven Exports Monday, July 18, 2011 @ 6:04AMDenise Morrison, the incoming chief executive officer of Campbell Soup Co., outlined a strategic plan last week after the world’s largest soup maker failed to attract as many consumers as estimated during the recession. A key component: Sell more food overseas.
  • Power Finance to Set Up Renewable Energy Unit, Fund Asia Plants Monday, July 18, 2011 @ 5:58AMPower Finance Corp., India’s largest lender to utilities, will set up a unit to fund renewable-energy projects as the nation seeks to cut pollution from generation.
  • Asia slowdown to cool inflation; global threats grow Monday, July 18, 2011 @ 4:59AMSINGAPORE, July 18 — Asia’s major economies are set for a modest slowdown in coming months, while next year’s growth prospects hinge on how quickly inflation cools at home and demand recovers abroad, a Reuters poll showed. Economists have trimmed their 2011 and 2012 growth forecasts for China, India, and a handful of the other economies in the ...
  • SPECIAL: Crazy traffic jams? Mumbai has an answer Monday, July 18, 2011 @ 4:52AMThe Rs 72-crore World Bank-supported Area Traffic Control system is helping Mumbai cut down on commuting time.
  • Gorkhaland demand not a closed chapter: GJM Monday, July 18, 2011 @ 4:12AMThe demand for Gorkhaland was not a closed chapter, a member of the Gorkhaland Janamukti Morcha GJM said Monday while describing the tripartite agreement as a temporary solution rather than a permanent one.
  • Additional news "Business, Finance" Monday, July 18, 2011 @ 4:12AMAgainst the background of optimistic statements of the Armenian authorities on the pace of economic development, the assessment of Forbes magazine of the Armenian economy, “thundered like a bolt from the sky.”
  • JSC VTB Bank - VTB Group IFRS results for 1Q 2011 Monday, July 18, 2011 @ 1:06AMJSC VTB Bank - VTB Group IFRS results for 1Q 2011
  • Gold rallies to record in best run in 31 years Monday, July 18, 2011 @ 12:27AMGold surged to a record and is set for the best run of gains in more than three decades as US politicians failed to reach agreement on raising the debt ceiling and Europe’s sovereign crisis lingered, boosting haven demand.
  • Bank Negara Malaysia 'Most Unpredictable' Sunday, July 17, 2011 @ 8:59PMKuala Lumpur: Ever wondered which is the most predictable central bank in Asia as far as monetary policy rate decisions are concerned?
  • 18. Clinton: US backs tough Greek austerity measures Sunday, July 17, 2011 @ 8:16PMATHENS, Greece (AP) — U.S. Secretary of State Hillary Rodham Clinton voiced strong American support Sunday for financially troubled Greece's economic recovery plans and urged the nation to forge ahead with painful reforms that have sparked unrest.
  • 20. Clinton: US backs tough Greek austerity measures Sunday, July 17, 2011 @ 8:16PMATHENS, Greece (AP) — U.S. Secretary of State Hillary Rodham Clinton voiced strong American support Sunday for financially troubled Greece's economic recovery plans and urged the nation to forge ahead with painful reforms that have sparked unrest.
  • Funds from sidelines may help check sharp slide Sunday, July 17, 2011 @ 12:06PMA woman looks at grains at a grocery shop in South Mumbai. Emerging markets may have to deal with high commodity inflation in the next two quarters. — Paul Noronha
  • Opportunity in India Sunday, July 17, 2011 @ 11:00AMIndian stocks took a beating earlier this year when a massive corruption probe battered markets, but plenty of opportunities remain for Canadians seeking to profit from Indian equities
  • Clinton: US backs tough Greek austerity measures Sunday, July 17, 2011 @ 10:59AMU.S. Secretary of State Hillary Rodham Clinton voiced strong American support Sunday for financially troubled Greece's economic recovery plans and urged the nation to forge ahead with painful reforms that have sparked unrest.