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ENS Economic Bureau

ENS Economic Bureau

Satyam barred from World Bank business

Satyam Computer Services Ltd was barred from business with the World Bank for eight years, dealing a setback to the company just a week after it dropp

Outlook optimistic but cautious, says FinMin midterm review

The finance ministry today said the outlook in the short run and for the whole year continued to be one of “cautious optimism...

Mid-year sectoral review not as bad as expected

Despite the global economy having faced one of its most turbulent years, sectoral growth implications for the Indian economy are not as negative as ex

Bill to increase membership of NHAI tabled in Parliament

In a bid to revamp the National Highways Authority of India after its dismal progress with the National Highways Development Programme...
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Protect national interest in gas supply, says house panel

A Parliamentary Committee today expressed serious concern that in the ongoing legal battle over the supply of gas by Reliance Industries Limited...

BoI, BoB reduce rates

Close on the heels of State Bank of India and HDFC slashing interest rates, two more public sector banks -- Bank of India and Bank of Baroda...

Cairn India makes oil and gas discovery

Cairn India Ltd has announced that it has made an oil and gas discovery adjacent to the Raageshwari oilfield in its Rajasthan block.

Govt tables insurance Bill in House to raise FDI cap

The long-awaited and much-hyped insurance Bill was finally tabled in the Parliament today amid heated discussion and protest from the Left parties.

Global crude steel production dips 19 pc

Global crude steel production stunningly dipped by 19 per cent to 89 Million Metric Tonnes last month with Asian production of the metal sliding by 6

India Inc admits fears of recession, job losses

The Confederation of Indian Industry today admitted there were early signs of an industrial recession...

Stimulus to rely on rate cut

The slight rise in credit to industry by banks in the fortnight ending December 5...

Satyam episode a corp governance failure: V-P

The controversy over the $1.6-billion Satyam-Maytas deal today invited the ire of Vice-President Hamid Ansari over what he termed a corporate governan

SBI slashes rates by 75 bps

State Bank of India, India’s largest commercial bank, has slashed its lending and deposit rates with effect from January 1.

Do you know how green is your business?

Releasing the first ever survey of corporate India’s environment consciousness...

Sebi, RoC to study Satyam deal

The Sebi will take an appropriate decision on Satyam Computer Services Ltd after conducting an in-depth study...

HDFC slashes rates for old, new customers

Interest rates on existing home loans have started coming down.

ICICI Bank board clears Kochhar as new MD

Cementing her position as one of India’s most powerful businesswomen, Chanda Kochhar...

RBI revises reporting norms for FDI scheme

The Reserve Bank of India has revised the procedure for reporting the transfer of shares and convertible debentures...

Wockhardt shares in the limelight

Shares of Wockhardt Ltd today surged 3 per cent on the Bombay Stock Exchange...

Consumer confidence dips for first half of 2009

Consumer confidence across the Asia Pacific region has dropped 7 points in the last 6 months.

Demand for bank credit down, cut rates: Subbarao

Reserve Bank of India Governor D Subbarao on Thursday said the demand for bank credit is slackening despite comfortable liquidity in the system.

At ICICI Bank, Kochhar seen succeeding Kamath

ICICI Bank's board will meet in Mumbai on Friday to decide about top-level changes at the bank.

IRDA eases norms for insurance firms

The Insurance Regulatory and Development Authority has reduced the solvency margin requirement...

RBI to revamp liquidity risk management

The Reserve Bank of India is planning to revamp the liquidity risk management framework soon.

Satyam investors lose Rs 4,600 cr

Satyam Computer’s dubious $1.6-billion takeover plan of two sister companies — Maytas Properties and Maytas Infrastructure — has cost the investors de
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