To watch Dada standing on the steps of the airplane ladder with a glittering trophy in hand was exhilarating, recalls Hemant Kenkre.
The central bank might raise repo and reverse repo rates by 25 basis points each, they said. Still, RBI action would be conditional on its ensuring sufficient liquidity in the banking system.
A series of howlers by umpires in the ongoing India-Australia cricket Test series Down Under has convinced former captain Dilip Vengsarkar to come out in support of the Decision Review System (DRS), a technology whose use has been consistently opposed by BCCI.
The Reserve Bank on Friday upped the cash reserve ratio from 5 per cent to 5.75 per cent, a move expected to flush-out Rs 36,000-crore (Rs 360-billion) from the system.
Test cricket returns to Brabourne stadium after 36 years with the third and final match of the series between India and Sri Lanka and the organisers have promised to make it memorable with a good wicket for the December 2-6 game.
Economists caution that the underlying cause could be an alarming drop in demand -- something that's not good for economic growth.
The others on the MCA selection panel, headed by Vengsarkar, are former Mumbai skipper Milind Rege, former off-spinner Kiran Mokashi and ex-pacer Abey Kuruvilla.
While Karsan Ghavri continues to be the overall coach.
Why travel overseas when you can travel in India? The latest in our series on #India-Photos!
While the RBI is reportedly thinking of capping loans to real estate, many believe any such move is a bad idea.
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Rediff readers share their best travel memories.
The central bank is the money manager of the government, and not a guarantor of any debt.
Here are the highlights from the Lashkar terrorist's deposition on Day 4.
Vaibhav Gehlot, son of Rajasthan Chief Minister Ashok Gehlot, was elected president of the Rajasthan Cricket Association (RCA) as his panel swept all six posts in a tension-ridden election of the state body.
According to Soumya Kanti Ghosh, chief economic advisor of the State Bank of India group, a 50 bps rate cut is a possibility, but 25 bps is more likely.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
By no means do economists see the Reserve Bank of India stop at just a 25-bp cut. Some of the economists such as Soumyakanti Ghosh of State Bank of India are of the firm view that rates have room to fall by a total of 75 bps in the current financial year, starting with 25 bps in the August 7 policy.
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
India Inc is borrowing from global firms as interest rates sky rocket in India.
Analysts expect modest recovery in Indian economy.
There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.
RBI will review the monetary policy again on September 29.
The Reserve Bank of India kept its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday.
A Reuters poll had forecast retail inflation would slow to 8.35 percent from an annual 8.79 percent in January.
Progress on monsoons along with favourable base effect in 2HFY2017 continues to point towards RBI achieving its near 5 per cent inflation target by the year-end
Factory output in June likely rose 5.4 per cent from a year earlier, faster than the 4.7 per cent growth in May, according to a poll of 27 economists.
While the latter is being viewed as a greater concern, the former may gain prominence in the next few weeks.
BSE's, NSE's overnight liquid fund facility can help stock investors maximise returns
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
Analysts expect the Reserve bank to cut rates in next monetary policy.
If you are not happy with the price offered at buybacks, you could be in for a long haul.
The central bank has been intervening in the foreign exchange market by buying dollars, and this is capping the rupee's gains.
Most say a rate cut could come in RBI's June policy.
To neutralise this, RBI has been doing forward swaps
This development can strengthen the case for interest rate cut by the RBI.
Despite inflation easing, experts see RBI maintaining status quo on Dec 2
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