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RBI invite bids for Rs 20k cr repo facility to help MFs

Business News - HT - 0 sec ago

Moving swiftly to help the mutual fund industry, the RBI sought applications
from the banks and primary dealers by afternoon for Rs 20,000 crore
short-term loan facility announced.

Categories: Business, News
'Corporate raid on ICICI Bank just not possible'

Business News - HT - 0 sec ago

Montek Singh Ahluwalia said it is not possible for just anyone to take over
the management due to strong regulations in India.

Categories: Business, News
IBA, MFs to mutually fix lending rate

Business News - HT - 0 sec ago

The apex banking body IBA will fix the lending rate in consultation with the
mutual fund industry to help fund houses meet the redemption pressure,
Finance Minister P Chidambaram said.

Categories: Business, News
RBI governor meets prime minister later on Tuesday

Business News - HT - 0 sec ago

Manmohan Singh will hold deliberations with RBI Governor D. Subbarao later
on Tuesday on steps to cushion India from the ongoing global financial
crisis and to ease liquidity in the system.

Categories: Business, News
RBI to boost liquidity for mutual funds

Business News - HT - 0 sec ago

The RBI has decided to inject Rs 20,000 crore through short-term lending
route to help the mutual funds meet their liquidity needs and overcome
redemption pressure.

Categories: Business, News
Jet, Kingfisher surges 17 pc

Business News - HT - 0 sec ago

Shares of Jet Airways and Kingfisher Airlines on Tuesday surged as much as
17 per cent on the Bombay Stock Exchange.

Categories: Business, News
Petrol, diesel prices to be cut if crude falls to $61 per barrel

India Business News - 4 min 51 sec ago

India's crude oil import price has dropped to the year's lowest but a cut in
petrol and diesel price may happen only if crude falls to USD 61 per barrel
as rupee depreciation has partly offset the gains.img src="
http://feeds.feedburner.com/~r/is-IpoNews/~4/420332055"; height="1"
width="1"/

Categories: Business, India
Sensex up on global cues

India Business News - 4 min 51 sec ago

Profit booking at higher levels saw benchmarks give away some intra-day
gains. Stocks had opened sharply higher after govts across the world
unveiled more measures to restore confidence.img src="
http://feeds.feedburner.com/~r/is-IpoNews/~4/420332056"; height="1"
width="1"/

Categories: Business, India
Corporate raid on ICICI Bank just not possible: Montek

India Business News - 4 min 51 sec ago

Ruling out the possibility of a corporate raid on ICICI Bank through
hammering down of its share price, Planning Commission Deputy Chairman
Montek Singh Ahluwalia on Tuesday said it is not possible for just anyone to
take over the management due to strong regulations in India.img src="
http://feeds.feedburner.com/~r/is-IpoNews/~4/420311898"; height="1"
width="1"/

Categories: Business, India
Rupee up by 50 paise against US dollar

India Business News - 4 min 51 sec ago

The Indian rupee appreciated by 50 paise to 47.75/76 against the US dollar
in morning trade today on fresh dollar selling by banks.img src="
http://feeds.feedburner.com/~r/is-IpoNews/~4/420311899"; height="1"
width="1"/

Categories: Business, India
RBI Governor to meet PM, discuss measures to ease cash woes

India Business News - 4 min 51 sec ago

RBI Governor D Subbarao is scheduled to meet Prime Minister Manmohan Singh
later this evening, Finance Minster P Chidambaram said on Tuesday.img src="
http://feeds.feedburner.com/~r/is-IpoNews/~4/420249474"; height="1"
width="1"/

Categories: Business, India
RBI to pump in Rs 20,000 cr to help mutual funds

India Business News - 4 min 51 sec ago

The decision will help the mutual fund industry meet their liquidity needs
and overcome redemption pressure following the credit crisis in the
financial sector.img src="
http://feeds.feedburner.com/~r/is-IpoNews/~4/420249476"; height="1"
width="1"/

Categories: Business, India
Banks to get Rs 25k cr for farm loan write-offs

India Business News - 4 min 51 sec ago

Officials are giving final touches to a package, which may see the RBI
reimbursing banks the amount they lost because of the agricultural loan
waiver.img src="http://feeds.feedburner.com/~r/is-IpoNews/~4/419934176";
height="1" width="1"/

Categories: Business, India
Chola DBS to shut 75 branches

India Business News - 4 min 51 sec ago

Cholamandalam DBS Finance Ltd, a joint venture of DBS Bank of Singapore and
the $2.4 billion Murugappa Group, has decided to close 75 of its 260
branches across the country.img src="
http://feeds.feedburner.com/~r/is-IpoNews/~4/419907448"; height="1"
width="1"/

Categories: Business, India
Global crisis may hit FDI inflow: Nath

India Business News - 4 min 51 sec ago

Downplaying the impact of the global meltdown, commerce and industry
minister Kamal Nath exuded confidence that exports would continue to grow by
30% even this month, though the financial crisis may slow down FDI
inflows.img src="http://feeds.feedburner.com/~r/is-IpoNews/~4/419890846";
height="1" width="1"/

Categories: Business, India
Will rally in sensex reverse the downturn?

India Business News - 4 min 51 sec ago

Could Monday's rally, that took the sensex beyond the 11K mark once again to
a close of 11,309, sustain? That's one question everyone on Dalal Street
wants to know.img src="
http://feeds.feedburner.com/~r/is-IpoNews/~4/419890847"; height="1"
width="1"/

Categories: Business, India
Consumer inflation reaches 5.2%

Business News - BBC - 17 min 9 sec ago

The annual rate of UK inflation has hit 5.2%, with higher gas and
electricity bills causing much of the increase.

Categories: Business, News
US set to outline banking rescue

Business News - BBC - 20 min 42 sec ago

The US government is preparing to take stakes in its banks, as global shares
move up strongly in anticipation.

Categories: Business, News
Sensex up over 500 points on global cues

Business News - HT - 22 min 49 sec ago

The 30-share index shot up by 542.06 points at 11,851.15 on massive buying
by funds as well as retail investors, following a strong rally in global
markets.

Categories: Business, News
U.S. to pump $250 billion in banks

Business News - 24 min 13 sec ago

LONDON/TOKYO (Reuters) - The United States will announce plans on Tuesday to
inject $250 billion into its banks and mark a turning point in the global
financial crisis, following a concerted European drive to do the same pa
Categories: Business


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