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  • Vodafone slashes national roaming rates by up to 75% 3 days ago

    New Delhi: Vodafone India has slashed its national roaming rates by up to 75 per cent with effect from May 1, days after telecom regulator TRAI reduced the ceiling tariffs. For a local text while on roaming, users will pay 25 paise as compared to Re 1; and for STD texts,...
  • RBI directs banks to strictly follow 'Mandatory Leave' policy April 23, 2015

    Mumbai: Coming down heavily on banks for not implementing mandatory leave policy effectively, the Reserve Bank on Thursday said that employees posted at sensitive areas are required to compulsorily avail leave of about 10 days in a single spell every year. This comes after 'forensic scrutiny on guidelines for prevention of...
  • Wikipedia Zero: Is Wikimedia violating net neutrality in 59 countries? April 17, 2015

    New Delhi: Indians are coming together in hordes in the online fight for net neutrality. And this increasing public pressure is forcing some companies to disassociate themselves from partnerships that allegedly do not confirm with net neutrality principles. Initiatives such as Internet.org has seen some partners quitting, but Facebook CEO...
  • India has potential to grow at 10 per cent: Arun Jaitley April 16, 2015

    Washington: India has the potential to make nine to 10 per cent growth rate a "new normal", Finance Minister Arun Jaitley said on Thursday while asserting that high growth was essential to meet the challenges posed by the country's burgeoning young population. "India has the potential to make nine to ten...
  • Home loan rates in single digits. How does this affect you? Join the discussion April 16, 2015

    Giving a boost to affordable housing, the Reserve Bank of India in March eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit. The RBI also cut the repo rate by 25...
  • India will clock 7.5 per cent growth in 2015-16, overtake China: IMF April 14, 2015

    Washington: India will overtake China as the fastest growing emerging economy in 2015-16 by clocking a growth rate of 7.5 per cent on the back of recent policy initiatives, pick-up in investments and lower oil prices, the International Monetary Fund (IMF) said on Tuesday. "India's growth is expected to strengthen from...
  • SBI cuts home loan interest rate by up to 0.25% April 12, 2015

    New Delhi: Matching its competitor HDFC Ltd, State Bank of India on Sunday announced a cut in home loan rate by up to 0.25 per cent, providing relief to new borrowers. The cut in interest rate on home loans, with effect from Monday, is higher than the reduction of 0.15...
  • HDFC cuts home loan rate by 0.2 per cent; EMIs to come down April 10, 2015

    New Delhi: Country's largest mortgage firm HDFC on Friday cut home loan rate by 0.2 per cent to 9.9 per cent for new as well as existing borrowers. It has been decided to reduce home loan rate by 20 basis points, with effect from April 13, HDFC Ltd said in...
  • SBI, HDFC Bank, ICICI Bank cut lending rate; home, auto loans to get cheaper April 7, 2015

    Mumbai: Nudged by the Reserve Bank of India, leading banks, State Bank of India, ICICI Bank and HDFC Bank, on Tuesday cut their lending rates. While SBI and HDFC Bank cut rates by a token 0.15 per cent, ICICI Bank slashed its lending rate by 0.25 per cent after the...
  • SBI cuts lending rate by 0.15% to 9.85%, effective April 10 April 7, 2015

    Mumbai: Nudged by RBI, country's biggest bank SBI on Tuesday cut base lending rate by 0.15 percentage point to 9.85 per cent, becoming the first major lender to ease the rate in many months. The new rate is effective April 10. SBI Chairman Arundhanti Bhattacharya said other lenders should follow...
  • RBI keeps interest rates unchanged, EMIs likely to remain the same April 7, 2015

    New Delhi: The Reserve Bank of India kept interest rates on hold at 7.50% on Tuesday, waiting for more clarity on inflation after heavy rains raised uncertainty about food prices and seeking to grant banks more time to reflect its previous rate cuts. With the apex bank not tinkering with...
  • RBI may keep interest rate on hold at 7.5% at monetary policy review today April 7, 2015

    Mumbai: The Reserve Bank of India is expected to keep its benchmark interest rate on hold at 7.50 per cent at a policy review on Tuesday, while signalling that it could act swiftly to lower rates further if inflation stays within its target. In 2015, the Reserve Bank of India (RBI)...
  • Dibakar Banerjee's 'Detective Byomkesh Bakshy!' gets U/A certificate April 2, 2015

    Mumbai: In a refreshing departure from the norm, Dibakar Banerjee has no reason to be miffed with the Central Board Of Film Certification (CBFC) regarding his film 'Detective Byomkesh Bakshy', which has been granted a U/A certificate with only some cuts. Shravan Kumar, CEO of the CBFC, said: "A screening was...
  • India's record foreign exchange war chest set for Federal rate hike test March 19, 2015

    Mumbai: Chastened by a tumble in the rupee in 2013 at the prospect of tighter US monetary policy, India has built up record foreign exchange reserves of nearly $340 billion to insulate the economy from capital flight as the United States prepares to lift interest rates. Reserve Bank of India Governor...
  • Maternal Mortality Ratio on decline since 2007: Government March 17, 2015

    New Delhi: Maternal Mortality Ratio (MMR) has seen a gradual decline in the country since 2007 but at an average 44,000 women still die every year at the time of delivery, the government told Rajya Sabha on Tuesday. Health Minister JP Nadda said in a written reply that as per...
  • Here's how this new app that could help bring down student suicide rate March 14, 2015

    Seoul: South Korea has developed smartphone apps to help bring down its high student suicide rate by warning parents when their children might be at risk, the education ministry said Friday. The government-developed apps, which the ministry hopes to introduce immediately, are programmed to detect "suicide-related" words used by children on...
  • SBI aims to cut bad debt with huge online property auction March 12, 2015

    Mumbai: India's largest bank, the State Bank of India (SBI), will hold a record online auction this weekend to sell repossessed flats, warehouses and offices worth a total of nearly $200 million as the state lender seeks to chip away at its $10 billion mountain of bad debt. The SBI auction...
  • Repo rate cut will boost economy, says government March 4, 2015

    The Reserve Bank of India on Wednesday unexpectedly lowered its policy rate for the second time in 2015, backing a government that is pushing to revive economic growth as inflation cools. ...
  • Sensex falls 644 from top after hitting 30,000 on RBI rate cut March 4, 2015

    Mumbai: Benchmark indices nosedived in the last hour of trade on Wednesday after touching record highs earlier in the day spurred by the 25 basis point repo rate cut. The 30-share BSE Sensex shed 213 points to close at 29380.73, after hitting a new high of 30024.74 intraday. The 50-share...
  • RBI cuts repo rate by 25 basis points to 7.5%, home loans may be cheaper March 4, 2015

    Mumbai: In a surprise move, the Reserve Bank of India on Wednesday cut repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect. This is the second rate cut in the past two months. The cut in repo rate is likely to make home...
  • Arun Jaitley's Budget aims growth first, gives big bang reforms a miss, fiscal deficit cut to wait February 28, 2015

    New Delhi: Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work. In his first full-year budget since Prime Minister Narendra Modi's landslide election victory in May 2014,...
  • Key highlights of Economic Survey 2014-15 February 27, 2015

    New Delhi: The survey prepared by the finance ministry's chief economic adviser Arvind Subramanian on the state of Indian economy was released ahead of Saturday's Union Budget announcement for 2015/16 fiscal year that begins on April 1. Centre forecast GDP growth of over 8 per cent (y/y) in the 2015/16 fiscal...
  • Economic Survey 2014-15: 'Scope for big bang reforms' as growth pegged at 8 per cent for next year February 27, 2015

    New Delhi: Economic Survey 2014-15, tabled by Finance Minister Arun Jaitley in Parliament on Friday, pegs a growth rate of over 8 per cent for the next financial year while inflation has declined by over 6 percentage points since late 2013. "There is scope for big bang reforms now," said Jaitley...
  • BSNL, MTNL, Videocon plan to slash call rates February 26, 2015

    New Delhi: Telecom companies BSNL, MTNL and Videocon are considering reducing call rates after telecom regulator TRAI cut down interconnection charges. "Removal of fixed termination charges will help BSNL serve its customer better. We will come up with better offers in next financial year. Customers will have more affordable services," BSNL...
  • Jaipur resident demands student loans be made available at better rates February 19, 2015

    Wasim, a private student of class 12 and who also works at an ice cream parlor in Jaipur, wants student loans to be made available at better interest rates so that he can do his MBA from a good institute and set up his own business. He is also hoping...
  • Budget must create employment, induce demand and investments: PHD Chamber February 18, 2015

    New Delhi: While complimenting the Narendra Modi government for big-bang reform announcements, President of PHD Chamber of Commerce and Industry Alok B Shriram said that the forthcoming Union Budget 2015-16 is being formulated in a benign macro-economic environment at domestic and international level after many years. The economy is looking...
  • Trick or treat? India's strong GDP figures mask economic reality February 11, 2015

    Mumbai: For business, the government and the Reserve Bank of India, data revisions that have transformed India's $2.1 trillion economy into one of the world's fastest growing are too good to be true. Now, the search is on for reliable indicators of underlying activity, vital for Finance Minister Arun Jaitley as...
  • RBI keeps Repo Rate unchanged at 7.75%, Reverse Repo Rate stays at 6.75% February 3, 2015

    In its sixth bi-monthly Monetary Policy review, the Reserve Bank of India left rates unchanged. However, it announced a cut in SLR by 50 bps from 22 per cent to 21.5 per cent of their NDTL with effect from the fortnight beginning February 7, 2015. As a result, policy repo...
  • RBI asks banks to disclose more credit data to borrowers January 22, 2015

    Mumbai: The Reserve Bank of India (RBI) on Thursday asked banks to disclose more information on lending rates and fees for greater transparency to customers from April 1 on their websites. The RBI said banks must display the range of interest rates on loans for the past quarter for different categories...
  • CNN-IBN becomes the Number 1 news channel January 22, 2015

    Miles ahead of its competitors, CNN-IBN becomes the Number 1 news channel according to a TAM survey. It is almost four times ahead of Headlines Today and NewsX. Its viewership is also 1.5 times of that of Times Now. ...