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20 Mar 2010

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country's largest lender SBItoday said that it has no plans to hike lending ratesimmediately, and would wait for further signals from theReserve Bank to arrive at any decision.We will wait till the April policy (of the RBI) to take a call(on hiking lending rates)," SBI Chairman O P Bhatt toldreporters here today.The RBI yesterday raised repo and reverse repo rates(short-term lending and borrowing ...
Chennaionline | 3 Hour(s) Ago
Reserve Bank today raised its key short-term lending and borrowing rates by 25 basis points each as part of its tight money policy to combat inflation, which the government feels is a cause of concern.The repo and reverse rate (short-term rates at which RBI lends and borrows from banks) were hiked to 5 per cent and 3.5 per cent respectively and could make banks commercial lending dearer."These mea...
Chennaionline | 3 Hour(s) Ago
gave Oil and Natural Gas Corp (ONGC) and partners approval to invest USD 2.181 billion in a giant oilfield in Venezuela that will give energy deficient India 3.6 million tons a year of crude oil.ONGC Videsh Ltd, the overseas arm of the state explorer, will invest USD 1.333 billion between 2010 and 2015 as its share of spending in the 400,000 barrels per day 'Carabobo-1' project. Indian Oil Corp (I...
DDINews | 5 Hour(s) Ago
this Feb. 3, 2010 photo, a Boeing Co. 777 jetliner is seen on the production line in Everett, Wash. Boeing announced Friday, March 19, 2010 that it will speed up production plans for its 777 and 747 models in anticipation of greater demand from commercial airlines in a couple of years. Photo: Elaine Thompson / APNEW YORK (AP) — Boeing Co. will speed up production plans for its 777 and 747 models i...
News Times | 7 Hour(s) Ago
MUMBAI, India (AP) — India's central bank has unexpectedly hiked key interest rates a quarter of a percentage point, as the bank tries to cool high inflation amid a faster-than-expected economic rebound.The bank raised the benchmark repo rate — at which the central bank makes short-term loans to commercial banks — to 5 percent and raised the reverse repurchase rate — the rate at which it borrows f...
News Times | 7 Hour(s) Ago
A British Airways sign is seen at Heathrow Airport's terminal 5 in London Friday March 19, 2010. British Airways management and union leaders are meeting Friday in a last-ditch attempt to avert a three-day strike by cabin crew due to begin Saturday. / APA British Airways aeroplane descends to land at Heathrow Airport in London, Thursday March 18, 2010. A British news agency says that British Airwa...
News Times | 7 Hour(s) Ago
Luis Gutierrez, D-Ill., left, talks with Rep. Jose Serrano, D-NY, before members of the Congressional Hispanic Caucus announce their support for the health care reform bill on Thursday, March 18, 2010 on Capitol Hill in Washington. Photo: Lauren Victoria Burke / FR132934 APFrom left, Rep. Luis Gutierrez, D-Ill., Rep. Xavier Becerra, D-Calif, Rep. Grace Napolitano, D-Calif., Rep. Nydia Velazquez, D...
News Times | 7 Hour(s) Ago
MELBOURNE, Australia (AP) — Mining giant Rio Tinto Ltd. and China's Chinalco have signed a deal to develop an iron ore reserve in the West African country of Guinea.The nonbinding joint venture agreement covers rail and port infrastructure as well as the Simandou mine itself, the Anglo-Australian miner said in a statement Friday.The deal comes after Rio Tinto last year angered Chinalco by scrappin...
News Times | 7 Hour(s) Ago
Aggregate earnings of GulfCooperation Council (GCC) companies declined for the secondyear in row on correction in real estate prices and highercredit provisioning by banks, says a research report.According to a Kuwait Financial Centre (Markaz) report,with 67 per cent of companies declaring results so far,aggregate results show a decline of 5 per cent for GCC as awhole for 2009 versus an 18 per cen...
Chennaionline | 3 Hour(s) Ago
Freight charges for the tenmetric tonne load for select destinations declined by Rs 1,000in the local truck transport market today due to excessavailability of trucks against cargo movements.Transporters said easy availability of trucks and reducedarrivals of cargo, mainly pulled down some of the centres'freight rates.Delhi to Kolkatta and Pune freight rates slipped byRs 1,000 each to Rs 22,000 an...
Chennaionline | 3 Hour(s) Ago
European airspace giant EADS hascalled for a 90-day extension to the tendering process for amulti-billion-dollar deal to supply the US air force withtanker jets, a Pentagon official said today.EADS said earlier it may submit a new offer to try toclinch the deal if revised Pentagon tender rules gave it afair chance of success.Last week, EADS angrily pulled out of the race for theUSD 35 billion cont...
Chennaionline | 3 Hour(s) Ago
Miozram Chief Minister Lal Thanhawlaleft for Delhi today to hold meeting with Planning CommissionDeputy Chairman Montek Singh Ahluwalia as the panel is likelyto finalise the annual plan outlay for the state for the nextfiscal.State finance department officials told PTI that a teamof senior officials led by Chief Secretary Vanhela Pachuau arealready camping in the national capital to hold parleys w...
Chennaionline | 3 Hour(s) Ago
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