RATING

  • 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. ...
  • India's growth rate will increase by 6.3 per cent this year, surpass China's by 2016: IMF January 20, 2015

    Washington: India is expected to grow at 6.3 per cent this year and 6.5 per cent in 2016 by when it is likely to cross China's projected growth rate, the IMF said while terming the new government's reforms as "promising" but insisted that their implementation is key. In 2014, India's growth...
  • RBI asks banks to review minimum lending rate every quarter January 19, 2015

    Mumbai: The Reserve Bank on Monday asked banks to notify the base rate, or the minimum lending rate, at least once in every three months based on cost of funds, a move seen as a nudge to lenders to pass on changes in policy rate to borrowers. The direction comes...
  • Customs duty may be reimposed in Budget 2015-16: Sources January 19, 2015

    New Delhi: In an upsetting news for consumers, the government is likely to reimpose customs duty at 2.25 per cent in the Union Budget 2015-16. The move will effectively reduce the impact of falling international crude prices. According to sources, more excise hike on fuel has also not been ruled...
  • EMIs to fall as banks ready to cut interest rates after RBI's surpise move January 15, 2015

    New Delhi: Soon your EMIs are going to come down with several banks going ahead with a reduction in their interest rates after the Reserve Bank of India itself cut rates in a surprise inter-meeting move on Thursday. United Bank of India on Thursday said it would cut its base rate...
  • RBI surprises by cutting repo rate by 25 basis points, hints lowering rates further January 15, 2015

    New Delhi: The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 per cent in a surprise move on Thursday, making its first reduction in a year as inflation showed signs of slowing and the government was making efforts to contain the fiscal deficit. The...
  • Nifty ends at 8494, Sensex soars 729 points January 15, 2015

    Mumbai: The market has ended with some very strong gains. The Sensex was up 728.73 points or 2.7 per cent at 28075.55, and the Nifty ended up 216.60 points or 2.6 per cent at 8494.15. About 1693 shares advanced, 1206 shares declined and 322 shares were unchanged. Banks led...
  • RBI cuts repo rate by 25 basis points to 7.75% with immediate effect January 15, 2015

    Mumbai: The Reserve Bank of India on Thursday surprised the market by cutting repo rate by 25 basis points to 7.75 per cent from 8 per cent, with immediate effect, ahead of its policy review on February 3. "Households' inflation expectations have adapted, and both near-term and longer-term inflation expectations...
  • Bullet News: Catch the day's top stories January 14, 2015

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Zakka Jacob January 14, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: SC pulls up Centre over Ganga clean up January 14, 2015

    The Supreme Court on Wednesday pulled up the Centre on the issue of cleaning of the Ganges and asked for a status report on setting up of sewage treatment plants within six months. ...
  • A rate cut seems to be on the anvil soon: Finance Ministry January 14, 2015

    The Finance Ministry has said that there is no reason why a rate cut cannot happen when RBI reviews policy on February 3. They say slower than expected pace of inflation has given RBI enough elbow room. ...
  • India will catch up with China's growth rate in 2016-17: World Bank January 14, 2015

    Washington: India will catch up with China's growth at 7 per cent in the year 2016-17, the World Bank has forecast, saying India's economy has recovered in the wake of the economic reform measures taken by the new Indian government, falling oil prices and lower interest rates. "India will catch up...
  • Non-subsidised LPG rate cut by Rs 43.50 per cylinder January 1, 2015

    New Delhi: Price of non-subsidised cooking gas (LPG) was cut by Rs 43.50 per cylinder as international oil rates slumped to their lowest since May 2009. A 14.2-kg cylinder of non-subsidised LPG will now cost Rs 708.50, down from Rs 752 previously, in Delhi, oil companies announced. This is the fifth...