India's manufacturing sector growth slowed marginally in February, although strong domestic orders were likely to support output expansion in the coming months, an HSBC survey has said.
The bank said that it has retained interest rate on savings bank deposit at 3 per cent for customers with balances above Rs 100,000. Customers with SB balance up to Rs 100,000 will continue to get the rate of interest at 3.50 per cent despite cut in the repo rate by the RBI earlier this month.
A drop in demand from local jewellers and retailers at current levels weighed on the prices
As he projected a grim outlook for the economy, RBI Governor said that amidst this encircling gloom, agriculture and allied activities have provided a beacon of hope on the back of an increase of 3.7 per cent in foodgrains production to a new record.
This is the first mission by the Indian Speace Research Organisation this year.
The Monetary policy committe comprising 6 members voted 6-0 in the favour of the rate cut.
Reacting to questions on advancing the cutoff date of receiving applications for 2 G spectrum, former telecom minister A Raja's lawyer, Sushil Kumar, said, "My (Raja's) secretary told me that there were 575 applications in total for 2 G spectrums and it was not possible to process all of them."
The 30-share Sensex gained 117 points to end above 29,000 at 29,006 while the 50-share Nifty gained 32 points to close at 8,761.
The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.
Images from day three of the third and final Test between India and the West Indies in Mumbai, on Thursday.
Public Accounts Committee Chairman Murli Manohar Joshi on Saturday made a fresh attempt to make the panel take up his controversial report on the 2G scam that had questioned the role of Prime Minister Manmohan Singh and former Finance Minister P Chidambaram.
The 28-year-old from Hyderabad, a winner of the Indonesia Masters, semi-finalist at Malaysia Masters and quarter-finalist at the All England Championship, saw US$36,825 added to her career earnings.
Anderson revealed this in his new book, 'Bowl. Sleep. Repeat.'
Jet fuel (ATF) price was on Monday hiked by a steep 56.5 per cent and that of non-subsidised cooking gas LPG by Rs 11.5 per cylinder on the back of firming up of international oil rates, but petrol and diesel prices continued to remain on freeze for a record 78th day. Aviation turbine fuel (ATF) price was hiked by Rs 12,126.75 per kilolitre (kl), or 56.5 per cent, to Rs 33,575.37 per kl in the national capital, according to a price notification by State-owned oil marketing companies.
Get your low down on what's happening in the world of Hollywood, right here!
From liquidity, monetary policy operations to financial inclusion, know about RBI monetary policy
The government hopes the latest action will lead to banks also lowering the cost of borrowing for corporate and individual borrowers.
For many the resumption of trains is a big boon, but some say it doesn't come without confusion and worries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A summary of sports events and persons who made news on Tuesday.
Indians spent a whopping USD 575 million, mostly in shopping, in Singapore during the first nine months of this year, city-state's tourism board said.
In a bid to clear his name from any possible corruption taint, Commonwealth Games Organising Committee chairman Suresh Kalmadi wrote a letter to Congress MPs ahead of the debate in Parliament, denying any financial irregularities in conducting the Queen's Baton Relay.
Analysts feel the RBI should not opt for another hike in the calendar year.
The Reserve Bank of India in its quarterly monetary policy review has hiked rates.
The Reserve Bank has raised short-term borrowing rate (reverse repo) by 0.50 percentage points and lending rate (repo) by 0.25 percentage points.
The net proceeds of the fund raising will be used to repurchase certain equity shares issued to Tata Motors and for general corporate purpose.
Unabated buying by domestic institutional investors and wholesale price inflation falling to 2.60 per cent in September, helped both the key indices to scale new highs.
The board of Kingfisher Airlines today approved converting lenders' debt of up to Rs 1,355 crore (Rs 13.55 billion) and the promoter-founders' debt of Rs 648 crore (Rs 6.48 billion) into share capital.
As far as security situation is concerned, there has been improvement in past two years and the state saw a 30 per cent decline in terrorists-related incidents, he said.
Pole vaulters Renaud Lavillenie and Jenn Suhr claimed the first gold medals of the World Indoor Championships with record-breaking clearances on Thursday, while IAAF chief Sebastian Coe was reminded that restoring fan trust could take time.
Rajneesh Gupta presents us all the numbers that matter in T20 World Cup 2021.
Floyd Mayweather tops the Forbes list of best paid athletes for the fourth time in seven years, followed by soccer superstars Lionel Messi and Cristiano Ronaldo.
Leading automakers Maruti Suzuki India, Hyundai Motor, Kia Motors and Tata Motors reported sales growth in the domestic market in November, aided by robust offtakes amid the festival season. While Maruti Suzuki India reported marginal growth, Hyundai logged in its highest ever monthly sales in November. Others like Honda Cars India, Toyota Kirloskar Motor, Mahindra & Mahindra and MG Motor India also reported sales growth in November as compared with the same month last year.
Newly-formed Ascent Capital, which is a separate investment entity carved out of UTI Ventures, recently raised $350 million (Rs 1,575 crore) for its first fund.
Net profit increased from Rs 4,710 crore (Rs 47.1 billion) in the fourth quarter of 2009-10 fiscal to Rs 5,376 crore in Q4 of 2010-11 fiscal, the company said in a filing to the Bombay Stock Exchange.
The government raised import tariff value on gold to $385 per 10 grams.
The administration of the union territory as directed by the Jammu and Kashmir high court to make public land given under the controversial Roshni land scheme, since scrapped by a court, came out with the list of beneficiaries.
Avoid long-term debt funds for the next couple of months and track the direction of interest rates till October.
