India's Moderate Growth Will Ease Inflation: Subir Gokarn
India's moderating growth will help to ease inflationary pressure in the country, deputy governor of the Reserve Bank of India Subir Gokarn said on Saturday.
India’s Economic Growth Slows Down; Will RBI Cut Rates?
India's economy grew at the slowest pace in more than two years, according to the recent Gross Domestic Product (GDP) numbers which shows the country's economy rose 6.9 percent in the July-September quarter.
India’s GDP Growth Falls to 6.9 Percent; Weakest in 2 Years
India's Gross domestic product growth fell to 6.9 percent in the second quarter of the financial year. The GDP growth figure is the weakest pace in more than two years.
Citigroup Slashes India’s Growth Forecast to 7.1 Percent
In a recently released report, Citigroup has negatively revised its earlier growth estimates for India, for the Fiscal Year 2011-12, amid a slowing global economy and domestic headwinds.
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Austrian Banks Likely Next Domino in European Debt Crisis
The Austrian banking system is on fire: getting singed not only by the heat of the Eurozone sovereign debt crisis, but also by the immolation of an Eastern European asset bubble the banks had been underwriting for a decade. Stumbling, contradictory guidance from the management of several banks has not helped either. And a stalling Austrian economy is only likely to make things worse
RBI Eases Borrowing Rules for Local Corporates
The Reserve Bank of India has eased overseas borrowing rules for local corporate by raising the ceiling for the interest that firms can pay for borrowing abroad.
Monetary Action May Still be Warranted to Anchor Inflation: RBI Governor
Monetary action may still be warranted from the Reserve Bank of India, RBI, to anchor inflation expectations in face of sustained high food inflation.
Seattle Mariners Outfielder Greg Halman Stabbed to Death; Brother Arrested
Seattle Mariners outfielder, Greg Halman, was stabbed to death at Rotterdam in the Netherlands Monday. Halman's brother has been arrested in connection with the murder, police said.
Policymakers’ Inflation Forecasts Hurt India's Credibility - Ahluwalia
Over-optimistic forecasts by policymakers predicting when India's stubbornly high inflation would ease have hurt the government's credibility, says Montek Singh Ahluwalia.
India may Open Doors to Supermarket Chains
India may allow supermarket chains such as the world's largest retailer Wal-Mart Stores Inc to operate in the country.
Lokpal Bill May Overshadow Economic Reforms in Parliament Session
The next parliament session will focus on passing the controversial Lokpal Bill, overshadowing calls for a renewed push on economic reforms
RBI Chief Hiked Repo Rate Overruling Advisory Panel’s View: Report
The Reserve Bank of India's chief Duvvuri Subbarao pushed ahead with a rate hike at the October monetary policy meeting, overruling a majority of external members of advisory panel.
India Inflation at 9.73 Percent; Complicates Monetary Policy
India's headline inflation was unchanged in October, worse than forecast and above the 9 percent mark for the eleventh straight month.
‘Economy to Grow at 7.5 to 7.6 Percent’: Subir Gokarn
India's economy is expected to grow at around 7.5 to 7.6 percent in the current fiscal year that ends in March, said Deputy Governor of the RBI Subir Gokarn on Friday.
India's Industrial Output Growth Slowed to 3.5 Percent
India's industrial output growth probably slowed to an annual rate of 3.5 percent in September, weighed down by slower growth in infrastructure output and higher domestic borrowing costs.
RBI to Hold Exchange Rate Policy
The Reserve Bank of India (RBI) will stick to its exchange rate policy and the guidance provided on monetary policy would hold until further notice.
RBI May Reverse Tight Monetary Stance Soon
The Reserve Bank of India (RBI) may consider reversing its tight monetary stance as inflationary woes begin to ebb next month, a top policy adviser said.
SBI Expects 100-125 bps Rise in Savings Bank Fund Costs
State Bank of India, the country's biggest lender, expects its average funding cost for savings bank accounts to rise 100-125 basis points.
RBI Signals End of Tightening Cycle
The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
India Central Bank Raises Rates
India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
Albert Pujols Contract: Cardinals' Star Could See More Money After Monster World Series Game
With Albert Pujols' contract situation and impending free agency, get ready for the litany of potential lasts for Pujols in his career as a St. Louis Cardinal. You know: Is it the last home run? Is it the last hit? Is it the last game? Is it the last swing?
Rangers Blank Cardinals to Level World Series
Derek Holland threw a dazzling World Series gem as the Texas Rangers shut out the St. Louis Cardinals 4-0 on Sunday to level the best-of-seven championship at 2-2.
Sensex rises 1.9 pct; RIL, Banks Lead
The BSE Sensex rose as much as 1.9 percent on Monday, with index heavyweight Reliance Industries and banking stocks leading the gains, as investors grew optimistic about renewed efforts by European leaders to limit the region's debt crisis.
World Series 2011 Ratings Down: Can Cardinals, Rangers Set an All-Time Low?
Ratings for Game 1 of the 2011 World Series were down from last year, when the average viewership for the series tied a record low.
BSE Sensex Drops 1.5 pct; TCS Leads Losses
The BSE Sensex fell more than 1.5 percent on Tuesday, dragged down by IT stocks after Tata Consultancy Services reported lower-than-expected quarterly earnings and said the outlook for pricing was tough.
India to See Robust Gold Imports in Festive Quarter
Gold demand in India, the world's largest bullion buyer, will be strong in the October-December quarter, a traditional time for festivals and weddings, despite high inflation that eats into savings and multiple growth-choking central bank rates hikes.
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