Key benchmark index BSE Sensex today surged over 400 points while the broader index NSE Nifty reclaimed 7,700 mark in trade mainly on account of firm global cues and buying in frontline bluechip counters.
New Delhi: Finance Minister Arun Jaitley's decision to stick to the fiscal deficit targets of 3.9 per cent and 3.5 per cent for this year as well as the 2016-17 financial year respectively has sent markets
Mumbai: Soon after reduction in repo rate by the Reserve Bank, country's largest lender State Bank of India (SBI) on Tuesday slashed minimum lending or base rate by 0.4 percent to 9.3 percent, setting the
New Delhi: Bharatiya Janata Party's firebrand leader Subramanian Swamy has said that Prime Minister Narendra Modi must instruct Reserve Bank of India (RBI) Governor Raghuram Rajan to either cut rates or be ready to be
New Delhi: RBI Governor Raghuram Rajan on Friday said the central bank has not shut its door on rate cut and will take a view depending upon the evolving situation with regard to monsoon and
New Delhi: With inflation and fiscal deficit under control, bankers and industry leaders expect the Reserve Bank to lower its key policy rate today to support economic activity and boost investment.The wholesale price index based
New Delhi: Four days after rate cut by the RBI, Oriental Bank of Commerce (OBC) today slashed fixed deposit rate across various maturities by up to 0.50 per cent.The bank would also look at cutting
Mumbai: Following its interest rate cut last week after nearly two years, the Reserve Bank of India (RBI) on Monday asked banks to notify the base, or minimum, lending rate at least once every three
New Delhi: Welcoming RBI's decision to cut rates, top lenders SBI and ICICI Bank have said the much-awaited lowering of lending and deposit rates would “definitely” take place now.While refraining from giving any specific timeline
New Delhi: It looks like that the RBI Governor Raghuram Rajan's working style has been putting the NDA government under a lot of pressure - resulting in an open tussle between Finance Minister, Arun Jaitley
Mumbai: Raghuram Rajan says he is neither Superman nor James Bond, but he appears to have emerged as a 'lone ranger' -- fighting persistent rate cut demands, "schizophrenic" attempts to weaken RBI and even rumours
Mumbai: The continued weakening of the rupee driven by external factors is likely to delay any interest rate cut by the Reserve Bank of India, according to a survey."We believe that prolonged weakening of the
New Delhi: In a fresh setback, industrial production saw the sharpest contraction in three years of 4.2 per cent in October, though retail inflation dipped to 4.3 per cent, putting pressure on RBI to cut
Mumbai: The Reserve Bank today kept interest rates unchanged but unlocked about Rs 40,000 crore of banking funds by cutting the SLR and promised to ease rates if inflation softens at a faster pace.This is
New Delhi: With a lowering of international crude oil prices and strengthening of the rupee, oil marketing companies (OMCs) Monday cut the price of non-subsidised cooking gas, which customers buy after using up their quota
New Delhi, June 6: Seeking to push investment to boost growth, Finance Minister P. Chidambaram on Thursday asked banks to pass on the RBI's rate cut benefit to both retail and corporate borrowers.“In fact, the
Mumbai, Aug 31: The Sensex today dropped nearly 161 points to close at a fresh four-week low on selling across sectors even as GDP growth at 5.5 per cent beat estimates but it dashed hopes
Mumbai, Apr 16: Signaling interest rate cut to boost economy at its annual credit policy tomorrow, the Reserve Bank said it would shift the focus to arresting declining growth while keeping inflation under control. “Inflation
New Delhi, Mar 15: Government today slashed interest rate on deposits in Employees Provident Fund from 9.5 per cent to 8.25 per cent for 2011-12 affecting over 4.7 crore subscribers.This cut was proposed by the
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