30 Jun 2012Business

HDFC Bank to slash lending rate by 0.2%

Bank has decided to cut its benchmark lending rate by 0.2 per cent, making loans cheaper for borrowers.At the same time, the benchmark prime lending rate of the country's second largest private bank is expected to be slashed by similar percentage points to 18.30 per cent.HDFC Bank has become the first bank to cut lending rate after RBI's mid-quarter review of monetary policy which kept all policy rates...

Source : Rediff | 355 Day(s) AgoCategory : Business

HDFC Bank reduces lending rate by 20 bps : Times Of India

HDFC Bank cuts rate : Telegraphindia

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World markets surge after Europe finds rescue plan

Thursday, June 28, 2012, file photo, specialist Edward Zelles works on the floor of the New York Stock Exchange. Wall Street appeared headed for gains Friday June 29, 2012.Photo: Richard Drew/ APFILE - In this Thursday, June 28, 2012 file photo, traders work on the floor of the New York Stock Exchange. U.S. stocks are up at midday, Friday, June 29, 2012, after European leaders agreed to a set of p...

Source : News Times | 355 Day(s) AgoCategory : Business

Stocks close higher after Europe finds rescue plan : Los Angeles Times

WHO calls for universal health coverage in India : Webindia123

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Business Today

Pawar to head EGoM that will decide on spectrum auction

head a high-powered ministerial panel tasked with the onus of deciding on auction of telecom spectrum, a top DoT official said on Friday.The empowered group of ministers has been reconstituted after Pranab Mukherjee [], who was heading it, resigned as Finance Minister to contest the Presidential elections."The EGoM will now be headed by Pawar," the official said, adding the panel may meet on Monday...

Source : Rediff | 355 Day(s) AgoCategory : Business

No regrets on not becoming PM, says Pranab : Webindia123

Pawar to head EGoM on spectrum : Webindia123

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Core industries post 3.8 percent growth in May

Ministry of Commerce and Industry, Index of Industrial ProductionIndia's core industries that include electricity, coal, steel, cement, crude oil and natural gas, registered a sluggish 3.8 percent growth in May this year as compared to 5.8 percent recorded during the same month last year, government data showed today.The eight core industries, that have a combined weight of 37.90 percent in the Index...

Source : Headlinesindia | 355 Day(s) AgoCategory : Business

May core sector data goof-up on Statistics Day : Times Of India

Core industries post 3 8 percent growth in May : Webindia123

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Govt. hopeful Indian economy will bounce back from October onwards

Chief Economic Advisor in the Finance Ministry, Kaushik Basu, on Friday expressed hope that the Indian economy will bounce back from October onwards.Asserting that the government was working to remove trust problems with the industry, Basu said: "We are hopeful that economy is going to bounce back within 4-5 months. I mean its October. Before that I can't realistically say that there will be an im...

Source : News Track India | 355 Day(s) AgoCategory : Business

Basu sees rebound in October : Telegraphindia

No dilution of policies says Kaushik Basu : Times Of India

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Prokerala

AI pilots' fast enters 6th day, 2 more hospitalised

pilots were shifted to hospital on Friday after their condition deteriorated on the sixth day of their indefinite fast in New Delhi [So far, five pilots -- three in Delhi and two in Mumbai -- have been hospitalised since they began their hunger strike on Sunday.Capt Anchit Bhardwaj and Capt Ajay Goyal were shifted to RML hospital from the agitation venue at Jantar Mantar, agitating pilots said.About...

Source : Rediff | 355 Day(s) AgoCategory : Business

AI pilots' indefinite fast enters sixth day, two more hospitalized : India TV

Air India strike enters 55th day two more pilots hospitalised : Headlinesindia

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India's forex reserves down by $768.4 mn

forex reserves slid by $768.4 million to $288.63 billion on a fall in the core foreign currency assets, the Reserve Bank said on Friday.Over $2 billion were added to the total reserves in the previous reporting week.Foreign currency assets, a major component of the forex reserves, were down by $743.8 million to $255.78 billion for the week ended June 22, Reserve Bank said on Friday.Foreign currency...

Source : Rediff | 355 Day(s) AgoCategory : Business

India's forex reserves down USD 0.76 billion : Newkerala

India 39 s forex reserves down 0 76 billion : Headlinesindia

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Eastern US storms kill 5; 2 million without power

WASHINGTON: Violent storms that swept the eastern US left at least five people dead, authorities said Saturday, while more than two million people were without power overnight on one of the hottest days on record.Two people were killed in Virginia by falling trees, including a 90-year-old woman asleep in bed when a tree slammed into her home. Two young cousins in New Jersey were killed when a tree...

Source : The Economic Times | 355 Day(s) AgoCategory : Business

Storms hit mid-Atlantic region with power outages : Reuters India

US storms leave 2 dead 2million without power : Times Of India

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After Vodafone, GAAR; PM takes charge of finance ministry

etc.Prime Minister Manmohan Singh has asked for a fresh appraisal of the General Anti-Avoidance Rules (GAAR).has asked for a fresh appraisal of the General Anti-Avoidance Rules (GAAR), the controversial measure that became the highlight of former finance minister Pranab Mukherjee's last budget.rules would not be finalized pending a go-ahead from the PM. Coming just a day after restrained the revenue...

Source : Times Of India | 355 Day(s) AgoCategory : Business

GAAR draft rules caught in row: PM says not seen : Times Of India

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'Instability leading to downfall of Rupee'

senior officer of a global investment consultant has attributed downfall of Indian rupee to the instability of global emerging market while also expressing uncertainty about whether Indian rupee will bounce back.Addressing a gathering during the Annual General Body meeting of Goa Industries Association Friday evening, Aisha De Sequeira, Managing Director, Morgan Stanley Investment Banking has termed...

Source : Newkerala | 355 Day(s) AgoCategory : Business

'Indian rupee a victim of unstable global emerging market' : Yahoo Finance

Indian rupee a victim of unstable global emerging market : Webindia123

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