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Everything you need to know about Reserve Bank Building: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Reserve Bank Building: news, reviews, in-depth analysis, opinion and more

Windows 10 Released date: Windows 10 is releasing on July 29th, reserve your copy today

June 2, 2015 at 4:30 PM

Release date of Windows 10 is announced and it is releasing on July 29th, Microsoft allows the PC owners to reserve the copy of the Windows 10 for free.

RBI set to cap Bank's large Exposure at 25 per cent of Tier 1 Capital

March 29, 2015 at 5:59 PM

The Reserve Bank of India is all set to cap banks' large exposure (LE) to each counterparty, including a group of connected counterparties, at 25 per cent of their Tier 1 capital. It has been come into light by the new announcement made by RBI.

Banking stocks fall on concern new norms may hit profits

May 3, 2012 at 2:54 PM

Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms that mandate lenders to keep aside a higher percentage of capital that may hit their profits.

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Sensex falls 126 points; auto, realty stocks slump

May 3, 2012 at 12:46 PM

Mumbai, May 3 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Thursday, led by selling pressure in auto, realty and banking stocks due to sluggish global cues.

Britain refuses asylum request from Moscow bankers

May 3, 2012 at 6:38 AM

London, May 3 (IANS/RIA Novosti) Britain has refused to grant political asylum to two former officials of a Moscow bank, after they were placed on the Interpol wanted list on charges of fraud involving government funds.

India doesn't make too many films for children: Revathy

May 2, 2012 at 8:06 PM

New Delhi, May 2 (IANS) Actress Revathy, who has won a national award for her short film "Red Building Where The Sun Sets" that shows how fights between parents affect children, says there are films about children, but very little for them.

Bangladesh foreign currency reserves up

May 2, 2012 at 6:40 PM

Dhaka, May 2 (IANS) Bangladesh's foreign currency reserves rose to $10.19 billion in April after the International Monetary Fund (IMF) handed over the first instalment of its loan to the country.

Pranab to visit Bangladesh for Tagore ceremony

May 2, 2012 at 6:32 PM

New Delhi, May 2 (IANS) Building upon warming ties, Finance Minister Pranab Mukherjee will visit Bangladesh Sunday as the guest of honour to attend the closing ceremony of the joint celebrations of the 150th birth anniversary of Rabindranath Tagore.

Dow Jones industrial average hits highest mark since 2007

May 2, 2012 at 1:14 PM

New York, May 2 (ANI): The Dow Jones industrial average reached its highest close in more than four years following an accelerated growth in its manufacturing within 10 months, an industry survey firm has revealed.

Emirates Islamic Bank profits up

May 1, 2012 at 11:54 PM

Dubai, May 1 (IANS/WAM) The Emirates Islamic Bank announced Tuesday that its operating profits rose to 138 million dirhams (about $16 million) at the close of the first quarter of 2012.

Ponting not going anywhere: Micky Arthur

May 1, 2012 at 7:30 PM

Sydney, May 1 (IANS) Australian coach Mickey Arthur said Tuesday that former captain Ricky Ponting was very much in the reckoning to play in next year's Ashes series in England.

Sri Lanka's annual inflation rises to seven-month high

May 1, 2012 at 5:38 PM

Colombo, May 1 (Xinhua-ANI): Sri Lanka's annual inflation rate rose to 6.1 percent last month reaching a seven-month high compared to 2011, showed latest data on Tuesday.

Sri Lanka mobile phone connections exceed population

May 1, 2012 at 5:38 PM

Colombo, May 1 (Xinhua-ANI): The mobile telephone users in Sri Lanka have increased rapidly over the year 2011 with more than 105 telephone connections for 100 people, a spokesman said on Tuesday.

Venus to be visible as 'blot' against Sun during once-in-a-lifetime event

May 1, 2012 at 5:06 PM

Washington, May 1 (ANI): On 5th and 6th June this year, millions of people across the world will be able to watch Venus pass across the face of the Sun in what will be a once-in-a-lifetime experience.

Venus to cross sun's face in a lifetime event

May 1, 2012 at 4:10 PM

Washington, May 1 (IANS) On June 5 and 6, millions of people worldwide will be able to spot Venus crossing the Sun's face in what will be a once-in-a-lifetime experience.

Sri Lanka has more mobile phones per person

May 1, 2012 at 3:06 PM

Colombo, May 1 (IANS) The mobile telephone users in Sri Lanka have increased rapidly over the year 2011 with more than 105 telephone connections for 100 people, authorities said Tuesday.

Australia cuts cash rate to boost growth

May 1, 2012 at 2:50 PM

Sydney, May 1 (IANS) The Reserve Bank of Australia (RBA) announced Tuesday that it decided to cut the official interest rate by 50 basis points.

Delegates begin arriving for ADB's 45th annual meeting in Manila

May 1, 2012 at 1:22 PM

Manila, May 1, (Xinhua-ANI): Delegates have begun arriving at the Philippine International Convention Center to register for the Asian Development Bank's (ADB) 45th Annual Meeting of its Board of Governors, which begins Wednesday, a ADB statement said Tuesday.

'Freedom Tower' One World Trade Center becomes New York's tallest building

May 1, 2012 at 10:34 AM

New York, May 1 (ANI): One World Trade Center, the monolith being built to replace the twin towers destroyed in the 9/11 terror attacks, has become New York's tallest building, overtaking the Empire State Building.

Vijaya Bank net zooms 235 percent in Q4

April 30, 2012 at 6:18 PM

Bangalore, April 30 (IANS) State-run Vijaya Bank posted net profit of Rs.181 crore for the fourth quarter (January-March) of fiscal 2011-12, registering a whopping 235 percent jump from Rs.54 crore the same quarter an year ago (2010-11) and 46 percent increase sequentially from Rs.124 crore in third quarter (Oct-Dec) of FY 2012.

Sensex up 131.47 points, IT stocks gain (Roundup)

April 30, 2012 at 5:22 PM

Mumbai, April 30 (IANS) A benchmark index for Indian equities markets Monday closed 131.47 points higher, helped by supportive global cues and good buying interest in information technology (IT) stocks.

Sensex up 76.94 points

April 30, 2012 at 3:54 PM

Mumbai, April 30 (IANS) Led by good buying support for information technology (IT) and bank scrips, a benchmark index for Indian equities markets was trading 76.94 points higher around the 2 p.m. trade session Monday.

'iPavement' brings Wi-Fi under your feet

April 30, 2012 at 3:14 PM

Washington, Apr 30 (ANI): A Spanish tech company has come up with sidewalk paving stones, dubbed iPavement, that are Wi-Fi hotspots.

Moody's may downgrade India's three top private lenders

April 30, 2012 at 2:02 PM

Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis Bank for possible downgrade.

Bank of India quarterly net profit rises 93 percent

April 30, 2012 at 2:02 PM

Mumbai, April 30 (IANS) State-owned Bank of India Monday reported an increase of 93 percent in net profit at Rs.952.73 crore for the quarter ended March 31 against Rs.493.64 crore during the like period of the previous financial year.

Sensex up 160.85 points in afternoon trade

April 30, 2012 at 1:22 PM

Mumbai, April 30 (IANS) A benchmark index for Indian equities markets was trading 160.85 points higher in the afternoon session Monday, led by good buying support for information technology (IT) and bank scrips.

Australian inflation marginally up in April

April 30, 2012 at 1:22 PM

Sydney, April 30 (IANS) The consumer price in Australia continued to rise in April, said a survey released Monday.

US-India business summit sees huge potential (Lead, changing dateline)

April 29, 2012 at 7:22 PM

Menlo Park (California), April 29 (IANS) The first annual US-India Business West Coast Summit attended by 300 top business leaders from the two countries has highlighted the dynamic potential that exists in present and future collaboration between them.

'Telecom towers kill 7mn birds in America every year'

April 29, 2012 at 3:46 PM

Washington, April 29 (IANS) Telecom towers are killing nearly seven million birds every year as they migrate from the US and Canada to Central and South America, says a new study.

I don't need opposition leader permission to enter National Assembly: Gilani

April 29, 2012 at 1:06 PM

Lahore, Apr 29(ANI): Pakistan Prime Minister Yousuf Raza Gilani has said he does not need any opposition leader's permission to enter the National Assembly (NA), as he was a unanimously elected prime minister and member of parliament.

Huge potential seen in US-India business ties

April 29, 2012 at 12:02 PM

Washington, April 29 (IANS) Over 300 top business leaders from India and the United States have highlighted dynamic potential that exists in present and future collaboration between the two countries.

India's forex reserves rise by $1.46 billion

April 28, 2012 at 2:10 PM

Mumbai, April 28 (IANS) India's foreign exchange (forex) reserves rose by $1.46 billion to $294.60 billion for the week ended April 20, official data showed. Forex reserves had risen by $213.8 million to $293.14 billion in the previous week.

US economic growth slows to 2.2 pct in first quarter of 2012

April 28, 2012 at 2:02 PM

Washington, Apr 28 (ANI): The pace of economic growth in the United States has slowed down to 2.2 percent in the first quarter of this year, as compared to three percent in last three months of 2011.

US economy slowed in first quarter

April 28, 2012 at 11:06 AM

Washington, April 28 (IANS/EFE) The US economy grew 2.2 percent in the first three months of this year after expanding 3 percent in the fourth quarter of 2011, the US Commerce Department said Friday.

Building mutual trust key to defeating terror: Zardari

April 27, 2012 at 9:14 PM

Islamabad, April 27 (IANS) Terming the US drone strikes inside Pakistani territory as "useless" and "counter-productive", Pakistani President Asif Ali Zardari Friday told a visiting US diplomat that building mutual trust between the two countries was the key to success in counter-terrorism operations.

Remittances to India rose to $64 billion in 2011: World Bank

April 27, 2012 at 7:22 PM

New Delhi, April 27 (IANS) India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost three percent of the country's gross domestic product (GDP), according to World Bank data.

Sensex closes flat; ICICI rallies on Q4 earnings (Roundup)

April 27, 2012 at 5:54 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets Friday closed flat amidst choppy trade. ICICI Bank emerged the top gainer after the private lender announced robust fourth quarter earnings.

ICICI Bank quarterly net profit rises 31 percent

April 27, 2012 at 4:26 PM

Mumbai, April 27 (IANS) India's largest private sector lender ICICI Bank Friday posted an increase of 31 percent for the quarter ended March 31 at Rs.1,901.76 crore due to a decline in bad debts.

Sensex down 19.46 points; ICICI Bank stock rallies

April 27, 2012 at 3:46 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets was trading 19.46 points down around 2.00 p.m. Friday. Amidst the choppy session of trade, ICICI Bank's scrip came out the top gainer after it lender announced robust fourth quarter earning results.

Jayalalithaa opposes rate hike on rural infra loans

April 27, 2012 at 3:22 PM

Chennai, April 27 (IANS) Tamil Nadu Chief Minister J.Jayalalithaa Friday urged Prime Minister Manmohan Singh not to raise the interest rates on loans provided under the Rural Infrastructure Development Fund (RIDF).

Sensex remains choppy; ICICI Bank, M&M rally

April 27, 2012 at 1:06 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets was trading 22 points higher in the afternoon session Friday, led by good buying support in ICICI Bank scrips on expectations of robust earnings.

World Bank to open office in Myanmar

April 27, 2012 at 5:54 AM

Washington, April 27 (IANS) The World Bank will open an office in Myanmar in June, a bank official said Thursday.

RBI not to interfere in bank service charges

April 26, 2012 at 7:42 PM

Hyderabad, April 26 (IANS) The Reserve Bank of India (RBI) will not stop banks from collecting charges for various services or insist on a minimum balance, as it is the choice of the customer where to open account, Deputy Governor K.C. Chakrabarty said here Thursday.

S&P downgrading is an alarm for India, but not panic: Pranab

April 26, 2012 at 4:19 PM

Finance Minister Pranab Mukherjee Wednesday stated that credit rating agency Standard & Poor's (S&P) recent move to lower down India's rating from balance to negative is a timely warning signal, but he however assured that it is not a panic situation.....................

India's financial system still strong, says RBI deputy governor

April 26, 2012 at 3:37 PM

Hyderabad, April 26 (IANS) India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarthy said Thursday after Standard & Poor's (S&P) scaling down of the country's credit rating outlook to negative.

ADB aid to developing countries tops $21.7 bn in 2011

April 26, 2012 at 12:58 PM

Manila, April 26 (IANS) The Asian Development Bank (ADB) approved $21.72 billion in financing operations to Asian developing countries in 2011, a 14.5 percent year-on-year increase, according to its 2011 Annual Report.

New Zealand interest rate unchanged

April 26, 2012 at 12:33 PM

Wellington, April 26 (IANS) New Zealand's central bank Thursday announced it is to leave its interest rate unchanged at 2.5 percent.

Food prices rise on costlier oil: World Bank

April 26, 2012 at 5:53 AM

Washington, April 26 (IANS) Global food prices rose by eight percent in the first three months of 2012 due to higher oil prices, adverse weather and strong demand in Asia, the World Bank said in its latest Food Price Watch report Wednesday.

Wall Street gains on Apple, Fed's economic outlook

April 26, 2012 at 4:33 AM

New York, April 26 (IANS) The US Stocks gained broadly Wednesday thanks to strong Apple earning reports and the Federal Reserve's positive economic outlook.

Salman Khurshid plays down S andP rating

April 25, 2012 at 9:59 PM

New Delhi, Apr 25 (ANI): Union Law and Justice Minister Salman Khurshid on Wednesday played down the global agency Standard and Poor's (S andP) rating for India, saying he was confident that the country would get out from the economic slowdown crisis and the economic conditions would significantly improve.

S&P lowers outlook on SBI, ICICI and HDFC Bank

April 25, 2012 at 7:57 PM

Mumbai, April 25 (IANS) Global ratings agency Standard & Poor's Wednesday cut its outlook to negative from stable on 11 financial institutions, including the top three banks State Bank of India, ICICI Bank and HDFC Bank, to negative from stable, but kept their ratings unchanged.

Over 130 government Web sites hacked during January-March 2012

April 25, 2012 at 6:13 PM

New Delhi, April 25 (IANS) Over 130 government websites were hacked during the first three months of 2012, Minister of State for Communications and IT Sachin Pilot said Wednesday.

Pak SC rejects Interior Ministry report in 'ISI funding politicians' case

April 25, 2012 at 5:26 PM

Islamabad, Apr 25 (ANI): The Supreme Court (SC) which resumed hearing of the Asghar Khan case, pertaining to the alleged distribution of funds by the ISI to politicians, declared the report submitted by the Interior Ministry as unacceptable, saying that the report was based on memories of Interior Minister Rehman Malik.

High inflation smothers salaries in Italy

April 25, 2012 at 2:56 PM

Rome, April 25 (IANS/AKI) Salaries in Italy have touched their lowest in real terms in almost 17 years, according to fresh data.

Sensex slumps 117.57 points, Wipro tanks

April 25, 2012 at 2:41 PM

Mumbai, April 25 (IANS) A benchmark index for Indian equities markets was trading 117.57 points lower in the afternoon session Wednesday, affected by a decline in the shares of IT and power firms whose share prices came down by over 7 percent.

Sri Lanka to have blood pressure meters in public places

April 25, 2012 at 10:24 AM

Colombo, April 25 (IANS) Sri Lanka will install meters in Colombo's public places to measure blood pressure of people, in a country where at least 350 die every day due to heart attacks, hypertension and respiratory diseases.

Did Berlusconi offer to 'cover Ruby in gold' to keep her quiet?

April 24, 2012 at 11:57 AM

London, April 24 (ANI): The teenage belly dancer allegedly paid by Silvio Berlusconi for sex told a friend that the former Italian prime minister offered her to give all the money she wants and to cover her in gold to keep silence about their relationship, according to newly emerged wiretaps.

SBI, Allahabad Bank cut interest rates

April 23, 2012 at 8:12 PM

Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.

Ex Pak army chief opposes judicial commission probe of secret funds

April 23, 2012 at 3:40 PM

Islamabad, Apr 23(ANI): Former Pakistan army chief General (retd) Mirza Aslam Beg has opposed the idea of forming a judicial commission to probe the distribution of secret funds to politicians and accused former Mehran Bank head Younus Habib of prolonging the matter by forming the commission.

Australia's producer price index down

April 23, 2012 at 12:52 PM

Sydney, April 23 (IANS) Australia's producer price index (PPI) at the final stage of production fell 0.3 percent in the March quarter, following a 0.3 percent rise in the December quarter, data released Monday by the Australian Bureau of Statistics (ABS) showed.

No leadership vacuum in India, says Pranab

April 23, 2012 at 11:00 AM

Washington, April 23 (IANS) Finance Minister Pranab Mukherjee has rejected a suggestion from corporate America that a leadership "vacuum" was chipping away at India's investment climate and asserted that India has a "very powerful, strong and acceptable prime minister".

Business sentiments worse than reality: Adi Godrej (Interview)

April 23, 2012 at 9:24 AM

New Delhi, April 23 (IANS) The Indian economy and businesses are passing through difficult times due to lack of reforms and governance, but the sentiments are even worse than the reality, said Adi Godrej, chairman of the Godrej Group.

'India has substantially reduced oil imports from Iran'

April 22, 2012 at 11:08 PM

Washington, April 22 (IANS) In the face of US sanctions on Iran, India has significantly reduced its oil imports from the country, though rising oil prices have caused immense problems for the Indian economy, Finance Minister Pranab Mukherjee said here Sunday.

India seeks quick ratification of quota reforms

April 22, 2012 at 10:36 PM

Washington, April 22 (IANS) Indian Finance Minister Pranab Mukherjee has urged lagging International Monetary Fund (IMF) members to move quickly to ratify quota and governance reforms that would give developing nations a greater voice in running the 188-nation global lender.

India continuing on the reform path: Mukherjee

April 22, 2012 at 9:00 PM

Washington, April 22 (IANS) Rejecting opposition charges of a policy paralysis on reforms back home, Finance Minister Pranab Mukherjee today that the United Progressive Alliance was going ahead with a series of reforms to spur the economy.

Protect 'innocent bystanders' from global financial crisis: India

April 22, 2012 at 12:53 PM

Washington, April 22 (IANS) As the International Monetary Fund (IMF) doubled its lending power with over $430 billion pledged to a reinforced safety net to bail out countries during global financial crises, India stressed that contributions should be voluntary and not linked with future voice or governance reform and should be able to bail out "innocent bystanders" affected by them.

World Bank, IMF call for inclusive growth, poverty reduction

April 22, 2012 at 11:09 AM

Washington, April 22 (Xinhua-ANI): The World Bank and the International Monetary Fund (IMF) have called for further efforts on inclusive growth and poverty reduction amid fragile global recovery.

Yes Bank to focus on retail segment for growth

April 21, 2012 at 8:29 PM

Chennai, April 21 (IANS) Privately-owned Yes Bank Ltd will train its focus on retail banking in order to grow its current account and savings account (CASA) portfolio, said a senior bank official here Saturday.

Economic adviser Basu is speaking the language of IMF and World Bank, says BJP

April 21, 2012 at 7:01 PM

Varanasi, Apr 21 (ANI): Bharatiya Janta Party (BJP) leader Murli Manohar Joshi on Saturday flayed the chief economic adviser Kaushik Basu for his remarks on economic reforms in the country, adding he was speaking the language of the International Monetary Fund (IMF) and World Bank.

IDBI Bank quarterly net profit rises to Rs.770.78 crore

April 21, 2012 at 5:17 PM

New Delhi, April 21 (IANS) IDBI Bank Saturday reported a net profit of Rs.770.78 crore for the quarter ended March 31, against Rs.516.25 crore logged in the like period of the previous financial year.

India's forex reserves rise by $213.8 million

April 21, 2012 at 2:29 PM

Mumbai, April 21 (IANS) India's foreign exchange (forex) reserves rose by $213.8 million to $293.14 billion for the week ended April 13, after declining by $1.47 billion in the previous week, official data showed.

IMF arms itself with $430 bn new funding

April 21, 2012 at 9:01 AM

Washington, April 21 (IANS) The International Monetary Fund has almost doubled its "fire power" to protect the world economy against deepening debt turmoil in Europe with the Group of 20 nations, including India, pledging $430 billion in new funding.

G-24 nations to focus on job creations and effective social protection for poor: Mukherjee

April 20, 2012 at 10:29 PM

Washington, Apr 20 (ANI): Expressing concern over the current global economic scenario, Finance Minister Pranab Mukherjee on Friday said the G-24 nations will focus on job creation and effective social protection for the poor and the vulnerable.

Kaushik Basu clarifies on economic reforms statement

April 20, 2012 at 10:29 PM

Washington, Apr 20 (ANI): Following the controversy around the statement made at the Carnegie Endowment for International Peace on economic reforms in the country, Chief Economic Advisor, Ministry of Finance, Dr. Kaushik Basu on Friday clarified that the central message of his talk was the possible European crisis in 2014 and not India's 2014 general elections.

Comment on reforms not linked to 2014 election: Kaushik Basu

April 20, 2012 at 8:13 PM

New Delhi, April 20 (IANS) Government's chief economic advisor Kaushik Basu Friday clarified that his comments on economic reforms getting a push after 2014 was not linked to India's general election but to a "possible European crisis".

Blake Lively and Ryan Reynolds house hunting in Connecticut

April 20, 2012 at 7:25 PM

Washington, Apr 20 (ANI): Blake Lively and Ryan Reynolds are house hunting in Connecticut, as they wish to escape from New York and enjoy a slower pace of life.

Government will bring economy back on growth path: Ahluwalia

April 20, 2012 at 5:49 PM

New Delhi, April 20 (IANS) The Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, Friday played down the row over Chief Economic Adviser Kaushik Basu's comment on the slow pace of economic reforms, saying reforms are always needed to be done and the government is focussing on bringing the economy back on track.

Kerala not to take over Padmanabhaswamy temple: Minister

April 20, 2012 at 3:09 PM

Thiruvananthapuram, April 20 (IANS) Newly-appointed Kerala Home Minister T.Radhakrishnan Friday said the state government would not take over the management of Sri Padmanabhaswamy temple, which has been in the news after priceless treasures were unearthed from its vaults July last year.

World Bank to create global partnership for social accountability

April 20, 2012 at 1:57 PM

Washington, April 19 (Xinhua-ANI): The World Bank's Board of Executive Directors has approved in principle the creation of the Global Partnership for Social Accountability (GPSA), its latest effort to support civil society organizations (CSOs), the Washington-based Bank announced on Thursday.

Global economic recovery at critical juncture: WB chief economist

April 20, 2012 at 1:57 PM

Washington, April 19 (Xinhua): The global economic recovery is facing a critical moment although some optimism has returned in recent months, and collective global action is critical for sustaining the recovery momentum, World Bank chief economist Justin Yifu Lin has said.

World Bank calls for more trade within South Asia

April 20, 2012 at 12:37 PM

Washington, April 20 (IANS) South Asia needs more political will to embrace regional trade cooperation for the benefit of the lagging region, said a senior World Bank official.

Bank of America earnings beat estimates

April 20, 2012 at 12:05 PM

New York, April 20 (IANS) Bank of America Corp. released lower earnings for the first quarter Thursday, but the results still beat Wall Street's estimates as the credit quality improved.

India asks G-20 to nake 'credible and ambitious' action plan

April 20, 2012 at 9:49 AM

Washington, April 20 (IANS) India has called upon G-20 nations, the world's top economies, to work out a "credible and ambitious" action plan to put the global economy firmly on the path of recovery as also promote strong, sustainable and balanced growth.

SBI flayed for shifting branch control to Jammu

April 19, 2012 at 8:45 PM

Srinagar, April 19 (IANS) The State Bank of India's (SBI) decision to shift the administrative control of all its branches in south Kashmir districts to Jammu attracted a lot of flak Thursday from the bank's customers and the general public here.

RBI to notify proposal allowing airlines to access foreign funds

April 19, 2012 at 8:29 PM

New Delhi, April 19 (IANS) The government Thursday said it expects the Reserve Bank of India (RBI) to notify the budget announcement of allowing the cash-strapped Indian civil aviation sector to borrow up to $1 billion in external loans for a period of one year within seven days.

Endangered Chinese alligators' population rising

April 19, 2012 at 7:57 PM

Beijing, April 19 (IANS) Following efforts to support their survival, the critically endangered Chinese alligators living in the wild have witnessed a rise in population over the past few years.

Banks lower interest rates taking cues from RBI policy

April 19, 2012 at 7:41 PM

Mumbai, April 19 (IANS) Leading lenders including ICICI Bank and Punjab National Bank Thursday announced cut in both lending and deposit rates, just two days after the Reserve Bank of India lowered key policy rates.

Sensex closes 111.32 points higher, auto stocks rally

April 19, 2012 at 6:45 PM

Mumbai, April 19 (IANS) A benchmark index for Indian equities markets closed 111.32 points or 0.64 percent higher Thursday with interest rates-sensitive auto stocks making considerable gains after the central bank cut key lending rates.

Banks cut lending rate, deposits rate

April 19, 2012 at 6:20 PM

Following the order of Finance Ministry to cut the lending rate as Reserve Bank of India, the master bank on Tuesday cut its policy rate more than expected to 50 basis points (bps), two state run and one private sector banks on Thursday announced to reduce their lending and deposit rates by 25 bps (0.25%)...................

Sri Lanka's Central Bank under fire for fixing statistics

April 19, 2012 at 5:41 PM

Colombo, April 19 (Xinhua-ANI): Sri Lanka's Central Bank is under fire for allegedly rigging per capita income statistics to show a higher figure, a main opposition MP charged here on Thursday.

IndusInd Bank quarterly net profit rises 30.5 percent

April 19, 2012 at 4:21 PM

Mumbai, April 19 (IANS) Private sector IndusInd Bank Thursday reported a 30.5 percent hike in net profit at Rs.223.38 crore during the quarter ended March 31 against Rs.171.16 crore in the like period of the previous financial year.

World Bank wants effective social safety nets

April 19, 2012 at 12:45 PM

Washington, April 19 (IANS) Three out of five people in developing countries lack effective social safety net coverage as they struggle to forge ahead through global financial volatility and food and fuel price hikes, the World Bank said.

US business groups to protest tax law changes in India

April 19, 2012 at 11:01 AM

Washington, April 19 (IANS) A dozen US business groups have asked US Treasury Secretary Timothy Geithner to raise their concerns with New Delhi that some proposed changes in Indian tax laws, including retroactive tax collection, would spoil India's investment climate for them.

Government has taken steps to control food inflation: K V Thomas

April 18, 2012 at 9:25 PM

New Delhi, Apr 18 (ANI): Minister of State for Consumer Affairs, Food and Public Distribution K V Thomas on Wednesday said the government had taken adequate steps to control spiralling food inflation.

Switzerland extends sanctions against Iran

April 18, 2012 at 7:41 PM

Geneva, April 18 (Xinhua-ANI): The Swiss government on Wednesday announced its decision to extend its financial sanctions against Iran.

Sensex closes 0.2 percent higher at 17,392.39 points (Intro Roundup)

April 18, 2012 at 7:17 PM

Mumbai, April 18 (IANS) A benchmark index for Indian equities markets closed 34.45 points or 0.2 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced a cut in key interest rate.

Sensex closes at 34 points (Roundup)

April 18, 2012 at 5:17 PM

Mumbai, April 18 (IANS) A benchmark index for Indian equities markets closed 34.45 points or 0.20 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced a cut in key interest rate.

Goodricke plans foray into dairy business

April 18, 2012 at 5:01 PM

Kolkata, April 18 (IANS) Tea major Goodricke Group is planning to foray into dairy business and will soon seek the Reserve Bank of India's (RBI) approval for it, an official said Wednesday.

Sensex rises 89 points

April 18, 2012 at 4:13 PM

Mumbai, April 18 (IANS) A benchmark index for Indian equities markets was trading 89 points or 0.51 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced the cut in interest rates.

European debt crisis could flare up again: IMF

April 18, 2012 at 4:05 PM

Washington, Apr 18 (ANI): The International Monetary Fund has warned that the European debt crisis might flare up again at any time and send the global economy back into deep recession.

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