ENS Economic Bureau
Nervous banks stocking up on money by offering attractive double-digit interest rates of 11 per cent and above seem to have realised it’s not sustaina
State minister for labour and power Mrinal Banerjee has called a meeting with Dunlop India chairman Pawan Ruia for talks on November 24 even as work r
In view of the slowing demand for Indian exports overseas and its repercussions for the Indian industry and the job market, the government may soon an
Snapping a seven-day slide, Dalal Street climbed 5.5 per cent on Friday, after Asian markets recovered and large domestic funds bought in late trade,
The domestic steel industry — reeling under production cuts and rising inventories — got a reprieve today with the government deciding to impose impor
The government issued a draft Bill for creation of a debt management office as a statutory corporate body that would function as an agent of the centr
Weak global markets pulled the domestic bourses down for the seventh consecutive trading session.
Bringing much cheer to officers of CPSUs, the government today approved increased pay with effect from January 1, 2007.
The CCEA approved the award of 44 new oil exploration blocks under the seventh round of the New Exploration Licensing Policy.
With international crude oil prices hovering in $50-55-per-barrel band, wholesale price-led inflation slipped a notch yet again to settle at 8.9 per c
When stock markets crash, investors normally rush to buy gold. With the Sensex plunging continuously in 2008, gold was much in demand.
Despite the huge intervention by the RBI in the last several months, the rupee's plunge continued and closed below the 50 per dollar on Wednesday for
Finance Minister P Chidambaram today asked auto-makers, realty firms and airlines to reduce rates since consumers feel they are not getting the right
Bears are refusing to give up their domination, bringing share valuations further down. Equity prices continued their southward journey for the fifth
As finance minister P Chidambaram asked the industry to cut prices on today, the CII insisted on further rate cuts.
Citigroup, which is firing 52,000 employees worldwide, assured that its massive global layoffs would have limited impact in the Indian space.
Finance Minister P Chidambaram foresees greater participation from US President-elect Barack Obama in creating a global oversight mechanism...
Major banks have hiked their forex deposit rates while housing finance companies are getting ready to raise money from overseas to fund their operatio
The PMO recommended a first reading by the GoM as the proposal saw support from the telecom, corporate affairs and I&B ministries and the Planning Com
Paving the way for the growth of profit-making regional rural banks and more financial inclusion, the Reserve Bank of India has relaxed the norms for
Kingfisher Airlines honcho Vijay Mallya today said he has received several enquiries from global carriers for a stake in his Kingfisher Airlines.
With inflation down to single-digit levels once again and industry sentiments at an all-time low, K V Kamath, MD and CEO of ICICI Bank, said that lend
In yet another move to enhance liquidity and boost the flagging economy...
While global banks hit by the financial turmoil are going for a massive reduction in their employee base...
In a significant one-time measure, the Reserve Bank of India has asked banks...
