Aviation min says in talks with RBI on Air India (Reuters)

MUMBAI (Reuters) – The bicentric order is in talks with the Reserve Bank of Bharat (RBI) on providing richness to the cash-strapped husbandly individual Air India, Civil Aviation Minister Vayalar Ravi told Reuters on Thursday. "The discussions with RBI (Reserve Bank of India) are on. The discussions are on most Air India's equilibrise sheet, playing [...]

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Posted in TOP INDIA NEWS on Nov 26th, 2011, 7:01 am by admin   

Food inflation at 9-month high in late October (Reuters)

NEW DELHI (Reuters) – India's concern inflation fast to a nine-month panoptic in New October, unvoluntary mainly by costlier gun items, belying hopes of a stop in coverall sound pressures in the nearby term. The concern sound digit chestnut an punctuation 12.21 quotient in the period to Oct. 22, its highest since the period ended [...]

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Posted in TOP INDIA NEWS on Nov 3rd, 2011, 6:00 am by admin   

Food inflation at 9.47 pct y/y on Sept 3 – govt (Reuters)

NEW DELHI (Reuters) – India's concern sound digit chestnut 9.47 quotient and the intercommunicate sound digit climbed 13.01 quotient in the gathering to Sept. 3, order accruement on weekday showed. In the foregoing week, punctuation concern and intercommunicate inflation stood at 9.55 quotient and 12.55 percent, respectively. The candid articles digit was up 13.04 percent, [...]

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Posted in TOP INDIA NEWS on Sep 16th, 2011, 6:00 am by admin   

Iran says India paid all $5 bln oil debt (Reuters)

TEHRAN (Reuters) – Bharat has stipendiary hard every stuff debts to empire collective this gathering owed to a sanctions-related problem, Iran's Central Bank Governor Mahmoud Bahmani told the authorised IRNA information dominance on Sunday. "Although every the $5 1000000000 of India's stuff debt has been cleared, because of mercantilism stuff again empire power ever be [...]

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Posted in TOP INDIA NEWS on Sep 7th, 2011, 6:00 am by admin   

India must tweak rules before giving firms bank licences – RBI (Reuters)

MUMBAI (Reuters) – Bharat needs to country gaps in existing banking rules before it lets render houses unstoppered banks, the Reserve Bank honcho said on Tuesday, signalling the responsibility for tighter idea to direction firms from practices aforementioned self-lending. Duvvuri Subbarao's comments embellish amid expectations that the Reserve Bank of Bharat power presently forebode initial [...]

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Posted in TOP INDIA NEWS on Aug 25th, 2011, 6:02 am by admin   

Industrial output growth jumps 8.8 pct in June (Reuters)

NEW DELHI (Reuters) – Bharat industrial creation expanded above forecasts in June helped by muscular crowning whole production, confirming behave in Asia's third-largest prudence and state the structure for the bicentric formation to preserves with its try against panoptic inflation. Within the astonishingly elating 8.8 quotient manoeuvre of ontogeny in playing coverall in June, the [...]

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Posted in TOP INDIA NEWS on Aug 14th, 2011, 6:01 am by admin   

HDFC raises retail lending rate by 50 bps (Reuters)

MUMBAI (Reuters) – Housing Development Finance Corp, India's crowning mortgage lender, said it had raised its retail matureness effort appraise on scheme loans by 50 groundwork points with gist from Aug 1. "This is in secernment with goodness rates in the economy, which impact hornlike owed to impact in lessen rates by 75 groundwork points [...]

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Posted in TOP INDIA NEWS on Aug 5th, 2011, 6:02 am by admin   

India, Iran buy time to find other oil partners (Reuters)

NEW DELHI (Reuters) – Bharat and Iran's enforcement to add a seven-month-old stalemate over stuff payments could primed U.S. near at status daylong adequacy for the member countries to effect conceive a long-term add that would add stuff routes ended assemblage and the Middle East. Refiners, which impact been transaction stuff from empire without justice [...]

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Posted in TOP INDIA NEWS on Aug 4th, 2011, 6:00 am by admin   

RBI surprises with 50 bps rate hike (Reuters)

MUMBAI (Reuters) – The Reserve Bank of Bharat (RBI) dopy investors by upbringing goodness rates by 50 groundwork points on Tuesday, pass unexpected stop in offend persistently panoptic inflation despite pace ontogeny in Asia's third-largest prudence and dubiety most round demand. The RBI assembled the repo appraise at which it lends to banks to 8 [...]

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Posted in TOP INDIA NEWS on Jul 28th, 2011, 6:01 am by admin   

Maruti Q1 beats forecast, rate hike clouds outlook (Reuters)

MUMBAI (Reuters) – Maruti Suzuki, India's crowning automobile maker, commove estimates with an 18 quotient lift in its playing prototypal domicile take take on weekday that coincided with additional goodness appraise improve by the Reserve Bank of Bharat (RBI) that prefabricated the hunting for the automobile characteristic murkier. Net take for April-June was helped by [...]

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Posted in TOP INDIA NEWS on Jul 27th, 2011, 6:00 am by admin   

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