January 07, 2011 12:29 PM IST
Kotak Mahindra Bank expects the central bank to raise interest rates in its meeting on January 25, Uday Kotak, executive vice chairman and managing director, told reporters on Friday.
- January 06, 2011 08:59 PM IST
Food inflation jumped to a scorching 18.32% in the week ended December 25. In an interview with CNBC-TV18, Shubhada Rao, Chief Economist, Yes Bank and CNBC-TV18's Siddharth Zarabi, gave their perspectives on the possible measures that the government and RBI might take to curb inflation.
- January 06, 2011 06:59 PM IST
The government has finalised administration and fiscal measures to cool food prices. Around five to six measures have been decided in a meeting chaired by the Cabinet Secretary.
- January 06, 2011 04:46 PM IST
A worried finance minister advised that the markets should wait till the monthly inflation figure before jumping to any conclusion.
- January 06, 2011 04:17 PM IST
"The overall WPI inflation for December 2010 is likely to be in excess of 8%, which may prompt the RBI to undertake further monetary tightening through increases in the key policy rates," according to Aditi Nayar, Economist, ICRA.
- January 06, 2011 01:29 PM IST
India's food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the central bank to tighten monetary policy.
- January 06, 2011 12:41 PM IST
India's food price index rose 18.32% and the fuel price index climbed 11.63% in the year to December 25, government data on Thursday showed.
- January 06, 2011 12:19 PM IST
The food price index rose 18.32% and the fuel price index climbed 11.63% in the year to December 25, government data on Thursday showed.
- January 05, 2011 04:15 PM IST
There is room for monetary action on the inflation front according to Prime Minister's Economic Advisory Council Chairman C Rangarajan. He expects the figure to be between 6-6.5% by the end of March.
- January 05, 2011 11:09 AM IST
Growth in India's service sector eased in December from a four-month high the previous month, reflecting a slightly slower expansion in new business, a survey showed on Wednesday.
- January 04, 2011 08:22 PM IST
The government is examining income tax tribunal order papers on the Bofors issue, Finance Minister Pranab Mukherjee said on Tuesday, referring to one of the country's biggest corruption scandals from the 1980s.
- January 04, 2011 05:53 PM IST
The FY11 direct tax collections may just meet budget estimates, reports CBNC-TV18. The direct tax collection was estimate at Rs 4.3 lakh for this fiscal year.
- January 04, 2011 03:23 PM IST
India's current account deficit in the September quarter widened to a record high of USD 15.8 billion. In an interview with CNBC-TV18, experts speak about the numbers and give their outlook going forward.
- January 03, 2011 12:11 PM IST
The Reserve Bank of India (RBI) has allowed seven more banks to import gold and silver, data on its website showed.
- January 03, 2011 12:11 PM IST
India's exports in November rose an annual 26.5% to USD 18.9 billion, while imports for the month grew 11.2% on the year to USD 27.8 billion, government data released on Monday showed.
- January 03, 2011 11:23 AM IST
India's manufacturing sector expanded at a slower pace in December than in the previous month, weighed down by a weakening growth in factory output and new orders, a survey showed on Monday.
- January 03, 2011 11:17 AM IST
C Rangarajan, chairman of the Economic Advisory Council to the Prime Minister optimistic that wholesale price index (WPI) inflation will ease to 6% by March.
- January 03, 2011 09:16 AM IST
India is exploring a proposal to cap foreign direct investment in drugmakers at 49%, and make additional stakebuys subject to government approval, to head off foreign takeovers, the Mint reported on Monday.
- January 03, 2011 08:50 AM IST
This new year consumers will feel pinch of loans a little more harder as some of country’s largest lenders have hiked minimum rate of lending or the base rate effective from today.