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ENS Economic Bureau

ENS Economic Bureau

Banks start cutting rates

Interest rates on home, auto, personal loans and deposits are set to decline further following the RBI's latest move to cut key rates like repo...

Maruti’s rocky ride in 2008

In a year of unstable and stumbling growth, Maruti Suzuki scraped through 2008 with a marginal 2.7 per cent negative growth in domestic sales...

Bajajs announce ‘amicable settlement’

The Bajaj brothers finally laid to rest almost six years of dispute over the family business, and announced an “amicable settlement...

Dalal St welcomes new year with a rally

Dalal Street ushered in new year with a strong rally on Thursday with the BSE Sensex advancing 256 points, or 2.66 per cent...
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Meltdown pushes India’s exports into negative zone

India’s exports fell by 9.9 per cent in November 2008 under the impact of declining consumer demand in the US and other major global markets...

Interest rate cut is certain, the debate is on timing

With the inflation rate now dropping to a 10-month low of 6.38 per cent...

ICICI, LIC Housing cut rates

After PSU banks, private banks have started cutting interest rates. ICICI Bank, the country’s largest private sector lender...

ATF prices see eighth straight cut, slashed 6.8%

Pulling the Aviation Turbine Fuel prices even further, the state-owned oil companies cut the jet fuel prices by 6.8 per cent today...

Sensex tumbled 52.44 pc in 2008

Dalal Street’s five-year old bull run ended on Wednesday as the barometer Sensex lost 10,639.68 points...

S&P lowers RIL rating to negative, downgrades IOC

Global rating agency S&P has revised its rating outlook on Reliance Industries Ltd to negative from stable but affirmed its ‘BBB’ long-term corporate

Bajaj Hindusthan stake changes ownership

As per the Bajaj family settlement plan, about 39.9 million shares Bajaj Hindusthan Ltd representing 28.2% of its outstanding equity changed hands...

Satyam surges 8.3% on buzz of stake sale

Shares of Satyam Computer Services - which is in the eye of a storm...

AI cuts basic fares, Jet follows suit

Air India today announced a sharp cut in the basic fares on 20 domestic routes.

Shelter fund for affordable housing mooted

India needs a dedicated shelter fund to achieve its goal of providing affordable housing to all in urban areas, a task force has noted.

Kingfisher to slash airfares from Jan 1

Kingfisher Airlines has announced that it would effect a fare cut across its network from January 1.

Service sector segments post 10-20 pc growth in Apr-Nov

While the country’s manufacturing sector may be going through a rough patch, it is select service sector segments which have recorded a 10-20 per cent

Hyundai to cut production by 25 per cent

As automobile companies grapple with the problem of declining demand Hyundai Motor India...

Interest rate subsidy for poor gets nod

With an eye on the general elections, the UPA government announced today its scheme to provide five per cent interest subsidy...

Reliance commissions world’s biggest refinery

India added on to its petroleum exporting capability with the start of Reliance Petroleum Ltd’s export-only refinery today at Jamnagar.

Subsidy on home loans in the works

Focusing its attention on affordable housing, the government is actively considering a proposal to provide relief to urban poor...

Credit card complaints flood ombudsman

Credit card-related grievances topped the list of complaints received by the banking ombudsman from individual customers in 2007-08, followed by “fail

Satyam shares pull back on takeover talk

Satyam Computer shares plunged as much as 18.3 per cent to a five-year low of Rs 114.65 after it was barred from business with the World Bank for eigh

A forgettable year for IPOs, FCCBs and bond issues

It was a bad year for the primary market. As the international financial crisis deepened affecting regional stock markets...

Forex reserves deplete $64 billion

The country’s foreign exchange reserves have depleted by $64 billion between March and December this year on account of the global financial meltdown.

Wipro bites into Citigroup softened by credit crisis

Citigroup’s attempts to recover from hits to its banking business and cut losses in the global downturn have landed Indian IT major Wipro...
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