Economy News - Page 26
Singh to attend G20 Summit, leaves for Cannes tomorrow
Prime Minister Manmohan Singh heads for Cannes in France Wednesday to attend a crucial summit of the world's 20 leading economies(G20) during which India is expected to make a call to resist trade protectionism when the global economic growth is facing a slowdown.
Rupee down 46 paise Vs US dollar
Rupee was down by 46 paise at Rs 49.15 per US dollar in early trade today on fresh demand for the American currency from banks and importers on the back of a strong dollar in overseas markets.
IMF to publish analysis on imbalances, currencies
The International Monetary Fund said on Monday it will begin publishing regular analyses of global economic imbalances and exchange rates as part of a growing role, a move that could draw it deeper into difficult international disputes.
Britain's economy on brink of recession?
Britain's economy has probably picked up over the summer, though any third quarter growth will not change a picture of an economy teetering on the brink of recession as crucial growth drivers such as manufacturing are stalling.
RBI raises cap on housing loan for UCB's to Rs 30 lakh
The central bank bank also raised repayment period for such loans to 20 years.
FDI cap in single brand retail may be raised: Sharma
India is "seriously considering" to raise 51 percent foreign direct investment (FDI) cap in single brand retail, Commerce and Industry Minister Anand Sharma today informed a business delegation from Italy.
Draft Food Bill to reach Cabinet before Nov 20
The proposed Bill aims to provide the right to subsidised food grains to nearly 70 percent of the population.<br /><br />
Supply factors driving inflation, says Pranab
He added that inflation will start easing soon as the government's efforts to remove supply-side bottlenecks have started yielding results.
India still has highest consumer confidence in the world
The Nielsen company has said Indian consumer confidence remains high although Global consumer confidence is weak in the third quarter
Bank error in your favour: Germany 55bln euros richer than it thought
An accountancy error has revealed that Germany is 55 billion Euros richer than it had originally thought
SBI may raise saving deposit rate by up to 125 basis points
Speaking to exclusively to CNBC-TV18, Pratip Chaudhuri said the bank is prepared for a slightly higher cost of funds but added that they will not be the first movers in terms of hiking savings bank rate.
Now, a Delhi-Kathmandu return flight for Rs 5,000
Indigo will offer daily flight services between the two cities at a return fare of Rs 4,999 or (NPR Rs 8,063) (all inclusive).
FinMin seeks views of IBA on variable pay in banks by Nov-end
Khandelwal panel had recommended that banks should consider variable pay as a major component of wages. Besides, the letter has also asked IBA's view on the common pool creation for the post of Executive Directors (EDs) and CMDs.
FDI inflows up 50% between January and August
Despite the uncertain economic environment globally, FDI in India surged 50 percent to $20.76 billion from January-August, according to the industry ministry's latest data.
Euro lags, global stocks advance to best week in 2 years
Global stocks advanced today, bolstered by EU leaders' efforts to contain the euro zone debt crisis.
The rupee soars to 48.83 against the dollar
The dollar faced heavy losses in Asia, having seen its biggest decline in more than two years against a basket of major currencies
European debt deal ignites rally in stocks, euro
The dollar took its biggest beating against a broad range of currencies in 2-1/2 years and investors spurned safe-haven US government debt.
Smart ID for Aadhaar enrollment from November
Authorised Unique Identity (Aadhaar) enrollment agency Smart ID plans to start enrolling people in the NCR region by visiting them in their localities on mobile vans under its project 'Aadhaar on Wheels'.
Govt approves raising India's IMF quota to 2.75 percent
The government approved a proposal to increase the country's contribution to IMF, which would make it the 8th largest shareholder in the Washington based multilateral agency.
Now, celebrate Diwali with a gold vending machine
Gitanjali Export Corporation said it has launched a gold coins and medallions vending machine to cash in on robust investment demand that is rivalling the thirst for jewellery in India.
Home, auto loans to become costlier
Retail and corporate credit, including home and auto loans, are set to become costlier after the Reserve Bank's latest increase in the key rate, bankers said today.
Cabinet approves Rs 3,000 cr equity infusion in Nabard
The government has said it had plans to infuse capital in state-run banks and the largets lender State Bank of India is expected to receive funds worth Rs 4,500 crore -Rs 8,000 crore by March 2012
Deustche Bank Q3 results beat analyst expectations
Deutsche Bank's third-quarter pretax profit beat analyst expectations as retail banking and asset management helped offset investment banking profits stunted as the euro zone crisis hurt client activity.
German parliament to vote on euro plans tomorrow
German Chancellor Angela Merkel faces a crucial parliamentary vote tomorrow on Europe's new strategy to resolve the euro zone debt crisis, which was negotiated with her EU partners at the summit in Brussels.
Japan wants to provide support to firms hit by Thai floods
Japan's central bank said it is considering setting up a baht-lending line for Japanese companies operating in flood-hit Thailand, as Tokyo signals growing concern over the disaster's impact on the world's No. 3 economy.
US homeowners get a lifeline, economists say it's not enough
US homeowners who owe more than their properties are worth got new help on Monday with the government's expansion of a refinancing program in a step that could help up to 1 million borrowers.
PowerGrid plans to add 60K km lines in 12th Plan
At present, the company has a transmission network of over 82,336 ckm, including around 33,000 ckm under construction. By the end of the next Five-Year Plan (2012-17), the corporation would have an overall transmission line of around 1.5 lakh ckm.
RBI hints at another rate hike to tame inflation
With inflation remaining high, the Reserve Bank indicated that it may go for another round of interest rate hike tomorrow even though the step may impact the economic growth.<br /><br />
ABN Amro to target eurozone assets
ABN Amro, has promised to be a buyer of euro zone financial assets that capital-stretched banks are preparing to sell.
EU debt crisis, US slowdown impacting India: Pranab
The finance minister said the government doesn't have an elbow room for economic stimulus as it committed towards fiscal consolidation.