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RBI further cuts key rates by 50 bps

NI Wire,    Thu, 5 Mar 2009
In a bid to stimulate demands and to motivate banks to lend more, the Reserve Bank of India (RBI on Wednesday announced another round of cut in key rates.

StanChart India shows 37% profit

NI Wire,    Wed, 4 Mar 2009
Standard & Chartered PLC, the UK based multinational banking firm, on Tuesday announced outstanding performance for 2008 with income growth of 26% to $13.97 billion in which India has contributed 21% share in its total margins.

Jet Airways to start service on Mumbai-Lucknow sector

NI Wire,    Wed, 4 Mar 2009
Effective from March 29, Jet Airways has decided to introduce its first service on the Mumbai-Lucknow sector.

RBI asks banks to cut rates

NI Wire,    Sat, 28 Feb 2009
The Reserve Bank of India in a closed-door meeting on Friday nudged the banks to see the possible scope to cut interest rate as despite several round of cuts made by the Central Bank

GDP growth falls to 6-yr low at 5.3% in Q3

NI Wire,    Sat, 28 Feb 2009
India is not an exception in the world as ongoing global meltdown has hit its growth rate severely. The gross domestic product (GDP) rate for the third quarter (October-December 2008) fell to 5.3%

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