- Rate hike aimed to boost long-term growth: RBI The government may have to sacrifice a little bit of short-term economic growth after the rate increase, which was aimed at consolidating long-term growth, the Reserve Bank of India (RBI) governor said on Monday.
- Chrysler to build all-electric version of Fiat 500 Chrysler Group LLC says it will start making an all-electric Fiat 500 minicar for the U.S. market starting in 2012.
- Ford's Mulally makes $17.9 mn in 2009 Ford Motor Co. President and CEO Alan Mulally made $17.9 mn last year, about 1 percent more than the year before, as the only of the top three U.S. automakers to escape direct government aid and bankruptcy court struggled through the worst domestic auto sales market in decades.
- Delhi Budget: Diesel, LPG, CNG to cost more in the capital Delhiites will have to shell out more from their pockets for virtually everything from cooking gas to diesel with Delhi government withdrawing subsidy on LPG and increasing VAT on many items to "generate" additional revenue.
- Delhi Budget: Diesel, LPG, CNG to cost more in the capital Delhiites will have to shell out more from their pockets for virtually everything from cooking gas to diesel with Delhi government withdrawing subsidy on LPG and increasing VAT on many items to "generate" additional revenue.
- Rupee falls for third day in a row; down by 8 paise Vs dlr The rupee weakened by eight paise against the US currency to close at 45.58/59 on a strong dollar demand from importers and weakness in stock markets after surprise rate hike by the Reserve Bank.
- FDI inflows likely to flat in 2009-10: Sharma Commerce Minister Anand Sharma expressed optimism that the total FDI inflows this fiscal will the same as in the previous year's at $ 27 bn.
- FDI inflows likely to flat in 2009-10: Sharma Commerce Minister Anand Sharma expressed optimism that the total FDI inflows this fiscal will the same as in the previous year's at $ 27 bn.
- Rupee drops to 1-wk low on shares; strong dlr The rupee dropped to a one-week low late on Monday as share losses and the dollar's gains versus major currencies offset the positive sentiment post the Reserve Bank of India's surprise rate hike late on Friday.
- Inflation may have peaked, timing of monetary action right: RBI The Reserve Bank on Monday said the timing of its recent monetary tightening was right and inflation would ease in coming months, subject to normal monsoon and stable world oil prices.
- Financial inclusion can ensure double digit growth: Subbarao RBI Governor D Subbarao said India can achieve double-digit economic growth if millions people, who are not covered by financial services, are brought under organised banking system.
- Indian consumers cannot account for Rs 383 a week average spend Indian consumers cannot account for an average of Rs 383 per week in cash spending, adding up to almost Rs 20,000 per year, according to a new survey commissioned by payments technology company Visa.
- A fundamental shift in the geopolitics of oil The recession precipitated a milestone for Saudi Arabia and the global energy market. Recession caused a deeper slowdown in the US. As a result, Saudi Arabia exported more oil to China than to the United States last year.
- Government's $8.8 bn stake sale target in PSUs feasible The government will achieve its targeted 400 billion rupees ($8.8 billion) for stake sales in companies in the fiscal year that begins in April, a senior finance ministry official said on Monday.
- Rupee steady as rate hike supports The rupee was mostly steady in afternoon trade on Monday as a surprise rate hike by the Reserve Bank of India supported sentiment, though losses in domestic shares and a strong dollar overseas weighed.
- China plans gradual exit from stimulus China is considering a gradual rollback of its last year's USD 586 billion stimulus package, as the economy sets its sights at over eight per cent growth this year.
- Direct tax receipts seen up 10%: Source Direct tax receipts are seen growing around 10 percent year-on-year and touched Rs 3.58 trillion ($78.7 billion) on March 19, a finance ministry source, who did not wish to be named, told Reuters on Monday.
- India loses Rs 10 lakh crore from black economy every year CSO estimates the size of Indian economy around Rs 61,64,000 cr. Thus, the size of black economy, taking it at 40% of GDP, is around Rs 25,00,000 cr or around $500 bn.
- OECD speaking with China on yuan; decision is China's The Organisation for Economic Co-operation and Development has been in contact with China over revaluing its renminbi currency in order to contain long-term inflation.
- Oil prices lower in Asian trade Oil prices dipped to near 80 dollars a barrel in Asian trade Monday, extending last week's losses caused by gains in the US dollar.
- RBI tightening cycle to support INR The decision by the RBI to hike the repo and reverse repo rates by 25 bps last Friday signals the start of a tightening cycle which will keep the INR well supported.
- RBI likely to increase rates further by another 25bps: Edelweiss The Reserve Bank of India hiked interest rates by 25bps each ahead of its policy announcement next month.
- Economy to grow at 8.5 pct in 2010/11: Mukherjee Finance Minister Pranab Mukherjee said on Monday that he expected the economy to expand by 7.2 per cent in the current fiscal year that ends on March 31, and by 8.5 per cent in 2010/11.
- No calendar for issuing short-term bills: RBI There was no plan to issue cash management bills currently, RBi deputy governor said on Monday.
- Government hopes to introduce uniform natgas price: Oil Secretary The government hopes to introduce a uniform price of natural gas in the country soon, replacing the current system.
- Honda sees 10/11 car production up 3-8 per cent Honda Motor Co expects its global car production to rise by as much as 8 per cent in the business year starting next month, led by a demand growth in Asia, an industrial daily reported on Monday.
- Citi set to hire Nomura banker as Asia M&A head: Sources Citigroup is set to hire Colin Banfield from Nomura Holdings Inc as its new Asia-Pacific head for mergers and acquisitions, two sources briefed on the move said on Monday.
- Ex-Nestle exec replaces Sweet Leaf founder as CEO Sweet Leaf Tea Co, which is 35 percent-owned by Nestle Waters North America, promoted its president, Dan Costello, to the role of chief executive, replacing the small organic tea maker's founder, Clayton Christopher.
- Rupee dips as shares fall, dollar gains The rupee eased on Monday as the dollar gained against major currencies and domestic stocks fell, offsetting support from a surprise rate increase by the RBI.
- US Congress passes historic health care bill The Democratic-controlled Congress handed President Barack Obama a huge victory on Sunday night extending health care to tens of millions of uninsured Americans and cracking down on insurance company abuses, a climactic chapter in the century-long quest for near universal coverage.
- Bond yields rise, rupee falls after rate hike The partially convertible rupee was at 45.52/53 per dollar marginally below its previous close of 45.50/51.
- Rupee to drop as rate rise to hit shares The rupee should open slightly weaker on Monday as domestic stocks are expected to drop after the central bank unexpectedly raised interest rates by 25 basis points.
- Obama, Democrats secure votes for health care bill President Barack Obama and House Democratic leaders struck a last-minute deal on Sunday with abortion foes to secure the final few votes needed to remake America's health care system, writing a climactic chapter in a century-old quest for near universal coverage.
- Recession: Europe’s bruised economies search for way forward
- India ready to move WTO against EU Customs laws India has all its documents required for filing the case ready and is now awaiting approval from the Brazilian authorities before it jointly approaches the WTO.
- British Airways and union claim advantage in strike British Airways and the union representing the airline's 12,000 cabin crew both claimed they held the upper hand on the second day of a three-day strike on Sunday.
- IMF warns wealthiest nations about their debt
- US House Democrats expect healthcare bill passage Democratic leaders in the US House of Representatives said on Sunday they were confident they had the votes to pass a sweeping healthcare reform bill and deliver President Barack Obama a landmark political victory.
- Europe divided on aid to Greece before summit European leaders sent out conflicting signals at the weekend over aid to Greece, with Germany's Angela Merkel urging Athens to solve its debt problems alone and Italy's Silvio Berlusconi strongly backing EU support.
- Govt thinking of reducing interest rate on crop loans: Pawar The Union government is thinking of reducing by one per cent the present five per cent interest rate on farmer crop-loans up to an amount of Rs three lakh.
- West Bengal creates land bank of 4,000 acres for industry West Bengal government said it created a land bank of 4,000 acres for the industry that may ease the pain of land-acquisition for the state.
- BRIC rally slows amid highest valuations The combination of record mutual fund inflows and the fastest economic growth is failing to lift shares in the largest developing nations with valuations at the highest level versus advanced countries since at least 1995.
- Weak dollar helps forex kitty swell $1.3 bn India’s forex reserves rose $1.3 bn in the week-ended March 12, on revaluation of non-dollar assets.
- Roach spars with Krugman over China's yuan policy
- Rupee eases as dollar's rise vs euro weighs The rupee eased after moving in a tight range on Friday due to the euro's weakness against the dollar but gains in local share prices limited the losses.
- Rupee steady amid mixed cues; dollar gains hurt The Indian rupee remained steady in afternoon trade on Friday as choppy shares provided little cues on direction of fund flows while gains in the dollar versus major currencies weighed on sentiment.
- China warns US not to politicise yuan debate China said the pending US legislation that would penalise Beijing was "complicating" the issue over the value of yuan.
- Rupee little weaker on dollar gains; shares eyed The rupee opened slightly weaker on Friday tracking some losses in the euro versus the dollar overseas and lack of clarity on fund flows from a choppy domestic sharemarket.
- Buy overvalued BRIC currencies: Goldman Sachs
- Rupee slips to 45.46/$ as China spurs dollar The rupee weakened on speculation China will step up measures to tighten lending, tempering the outlook for Asian exports and increasing demand for the relative safety of the US dollar.
Posted on 22 March 2010 | 8:01 pm
Posted on 22 March 2010 | 8:01 pm
Posted on 22 March 2010 | 7:52 pm
Posted on 22 March 2010 | 7:15 pm
Posted on 22 March 2010 | 7:15 pm
Posted on 22 March 2010 | 6:26 pm
Posted on 22 March 2010 | 6:07 pm
Posted on 22 March 2010 | 6:07 pm
Posted on 22 March 2010 | 6:04 pm
Posted on 22 March 2010 | 5:36 pm
Posted on 22 March 2010 | 5:14 pm
Posted on 22 March 2010 | 4:48 pm
Posted on 22 March 2010 | 4:46 pm
Posted on 22 March 2010 | 3:39 pm
Posted on 22 March 2010 | 3:21 pm
Posted on 22 March 2010 | 2:34 pm
Posted on 22 March 2010 | 2:23 pm
Posted on 22 March 2010 | 1:40 pm
Posted on 22 March 2010 | 1:38 pm
Posted on 22 March 2010 | 1:20 pm
Posted on 22 March 2010 | 1:13 pm
Posted on 22 March 2010 | 12:51 pm
Posted on 22 March 2010 | 12:40 pm
Posted on 22 March 2010 | 12:01 pm
Posted on 22 March 2010 | 11:59 am
Posted on 22 March 2010 | 11:33 am
Posted on 22 March 2010 | 11:30 am
Posted on 22 March 2010 | 10:37 am
Posted on 22 March 2010 | 10:32 am
Posted on 22 March 2010 | 10:20 am
Posted on 22 March 2010 | 9:23 am
Posted on 22 March 2010 | 9:08 am
Posted on 22 March 2010 | 5:57 am
Countries on Europe's financially stricken fringe are groping for a ways to provide jobs and pay down crushing deficits. Top gainers, losers & recos
Posted on 22 March 2010 | 4:09 am
Posted on 22 March 2010 | 3:02 am
Posted on 22 March 2010 | 3:00 am
The International Monetary Fund warned the world's wealthiest nations to watch their surging levels of government debt. Top gainers, losers & recos | The Yuan Battle
Posted on 22 March 2010 | 1:00 am
Posted on 22 March 2010 | 12:53 am
Posted on 21 March 2010 | 10:24 pm
Posted on 21 March 2010 | 2:37 am
Posted on 20 March 2010 | 10:24 pm
Posted on 20 March 2010 | 3:29 am
Posted on 20 March 2010 | 3:06 am
Morgan Stanley Asia chairman Stephen Roach said Paul Krugman’s call to push China to allow a stronger yuan is 'very bad' advice. Market: Top gainers & losers
Posted on 20 March 2010 | 12:55 am
Posted on 19 March 2010 | 6:09 pm
Posted on 19 March 2010 | 2:18 pm
Posted on 19 March 2010 | 10:38 am
Posted on 19 March 2010 | 9:25 am
Goldman Sachs is advising clients to buy Asian currencies including the rupee against Japan's yen. US-China Yuan Battle | Yuan appreciation: Will China listen?
Posted on 19 March 2010 | 4:00 am
Posted on 19 March 2010 | 1:56 am