After trying its level best by speaking the standard Central Bank’s language, RBI has now moved towards the hard talk. D Subbarao, the apex bank’s governor kept looming around the ‘policy changes’ strategy to convey its intentions. However, seeing that it was not working, the regulator had to choose the other way round for handling [...]
Indians are increasingly favoring super bikes owing to the ‘macho’ and ‘big’ image of these vehicles. Though the bikes from 150cc segment are facing a downfall but the large ones are showing significant surge in sales volume. Among the latter ones are the 1000cc bikes that are not at all cheap however are being preferred [...]
Drugs posted the highest retail sales since February 2008 last year. Looking at the statistics collected by ORG IMS, the research firm, the growth rate in March 2008 for the retail drug sales was 14.7 % whereas in March 2009, it was 18.4%. October 2008 saw a dip of 1.2 % in the Rs. 35,000 [...]
Milind Sathe, the counsel at RIL (Reliance Industries) informed that though NTPC (National Thermal Power Corporation) emerged the winner in the locking of horns with RIL, the contract is to be kept ‘frustrated’. However, DD Madan, the counsel at NTPC said that all the decisions made by the EGoM (Empowered Group of Ministers) are prone [...]
RIL (Reliance Industries Limited) is believed to be hit by the economic slowdown for the second time consecutively. The company will be reporting a dip in the fourth quarter’s profit. Reliance is expected to post significant profits owing to the initiation of gas sales in the forthcoming quarters from its field at east coast. Reliance, [...]
Banks are on a dual job these days. Together with finalization of books for ending fiscal, they are involved in restructuring of loans concerned with NPAs (non- performing assets). Among the ones to restructure loans is the Indian Overseas Bank IOB) that has worked on loans valued at Rs.5000cr i.e. nearly 90,000 accounts. The bank’s [...]
Adani Group has brought down its target for the power plant from 9,900MW to 6,600MW. A similar effect on its fund raising amount is also visible. The company now intends to gather Rs.2000cr instead of the earlier ambitious amount of Rs.5,630cr via IPO (Initial Public Offering). The investment estimates too have come down from Rs.43,139cr [...]
The quarterly meeting of RBI that is to be held in coming days will see the easing of monetary policy. The step has been decided as cutting of interest rates is not being seen as an effective measure. The continuous degradation of India’s fiscal position along with pretty high consumer price inflation has left the [...]
Narayan Murthy, the co-founder and now the chief mentor at Infosys, together with his wife Sudha Murthy have decided to give a fraction of their wealth to those engaged in three sectors, which are basic education, basic nutrition and basic healthcare. The former chairman of Infosys informed that he and his wife have decided to [...]
People suffering from aliments like diabetes, cancer, arthritis and heart diseases now have a reason to smile. The government has asked the MNC Pharma companies to regulate prices of patented medicines for these diseases. He steps of the procedure are yet to be finalized. It is believed that the prices will be set in consultation [...]