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Finance Ministry lauds Rate Cuts, nudges Rating Agencies
The finance ministry welcomed the interest rate cuts announced by the Reserve Bank of India (RBI) Wednesday and said it was a vote of confidence on the steps taken by the government on fiscal consolidation and will lower the cost of loans…
India Inc welcomes cut in Key Lending Rates by RBI
India Inc Wednesday welcomed the central bank's surprise decision to reduce key lending rates by 25 basis points. "Coming on the back of a growth-oriented budget, the unexpected cut in headline interest rate by the RBI sends a huge positive…
SBI will cut Interest Rate Based on Evolving Circumstances
India's largest mortgage lender State Bank of India (SBI) would decide on reducing its interest rates on the basis of emerging circumstances, a top official said Wednesday. Welcoming the Reserve Bank of India (RBI) decision to cut its key…
RBI cuts Repo Rate by 25 basis points, Sensex hits 30,000
The Reserve Bank of India (RBI) surprised the market by cutting the repo rate by 25 basis points to 7.5%. The first rate cut was done on January 15. Repo rate is the rate at which the RBI lends money to commercial banks in the event of any…
Bharti Airtel inks MoU with China Mobile
Bharti Airtel has entered into a strategic collaboration with China Mobile under which the two companies will work towards the growth of the LTE (long term evolution) ecosystem and evolving mobile technology standards, a company statement…
Nifty touches All-Time High, crosses 9,000 Mark
Continuing with the post-budget euphoria, the wider 50-scrip Nifty of the National Stock Exchange (NSE) breached the 9,000-point mark for the first time on Tuesday. The Nifty touched an intra-day high of 9,008.40 points, surpassing the…
Kathmandu-Varanasi Direct Bus Service from Thursday
In a bid to further boost people-to-people contact and improve physical connectivity, Nepal and India were all set to launch a direct bus service linking Kathmandu and Vanarasi from Thursday, connecting the two great Hindu religious cities.…
Tata’s Vistara to launch Maiden Services to Northeast
Tata's full service passenger carrier Vistara Tuesday announced its foray into the northeast with the addition of Guwahati and Bagdogra to its domestic network. According to the airline, it will commence services from April 2 on…
Historic Government-RBI agreement on Inflation Control
As per the government's monetary policy framework agreement with the Reserve Bank of India published on Monday, the RBI will aim to bring retail inflation below 6 percent by January 2016, and to around four percent by fiscal 2016-17.…
BSE Sensex closes 98 Points up, Capital Goods Stocks zoom
A benchmark index of Indian equities markets, the 30-scrip BSE Sensex, closed Monday's trade up 98 points or 0.33 percent. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains during the day's trade. It closed…