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News Headlines
Inflation Accelerates to 8.43%, Adding Pressure on India to Raise Rates
(Bloomberg Finance LP)
India’s inflation accelerated as food costs increased, adding pressure on the central
bank to extend last year’s fastest round of monetary tightening in Asia.
Interest, high input costs hurting cos: RBI (ET)
Rising input costs and higher interest rates impacted the profitability of India Inc
during the first half of the current fiscal, according to a Reserve Bank analysis.
RBI: expected due diligence level not followed (Reuters)
The Reserve Bank of India said on Friday a review of some banks revealed that in
certain cases the lenders failed to monitor the use of funds by borrowers effectively,
enabling them to divert the money into other areas.
Prime minister rising prices a major challenge (Reuters)
Rising food and commodity prices are major challenges facing the government,
Finance Minister Pranab Mukherjee said on Friday.
India to sign free trade deals with Japan, Malaysia in Feb (Reuters)
India has finalised free trade agreements (FTA) with Japan and Malaysia and will sign
the deals in February, Anand Sharma, said on Friday.
Excise duty alignment with GST likely to impact SMEs (BS)
Budget 2011-12 could widen the excise duty net to include more small & medium
enterprises (SMEs), as the finance ministry wants to reduce the threshold for
exemption from the current Rs 1.5 crore.
Steel min sees deterrents to new investment (Reuters)
Fresh investment in the steel sector may be discouraged by delays to projects
caused by problems such as land acquisition hurdles.
Mid-tier IT cos' Q3 earnings to be mixed bag (Reuters)
Mid-tier IT companies are likely to present a mixed bag of earnings in Oct.-Dec. as
competition and the rupee's appreciation against the dollar weigh on margins.
India Apr-Dec commodity derivatives trade up 50 pct (Reuters)
Turnover at Indian commodity bourses rose 50 percent to 82.70 trillion rupees ($1.83
trillion) in the first three quaters to December on surging volumes on bullion and
metal counters, data from the regulator showed.
Cement cos tipped to post tepid Q3 results (BL)
Cement cos are set to unveil disappointing results for the Q3. High raw material and
fuel costs coupled with poor demand have been the major party poopers.
SEBI bars Anil Ambani from stock investing (Reuters)
SEBI Anil Ambani cannot invest in publicly-listed securities until the end of this year,
and barred two of his companies from such investments until the end of 2012.
Zee Ent Dec-qtr disappoints on flattish ad rev (Reuters)
Zee Entertainment Enterprises Ltd on Friday posted a 6 percent rise in Decemberquarter profit, fuelled largely by last year's acquisitions, but a sequentially flattish
advertising revenue in a seasonally strong quarter left investors disappointed.
Godrej Properties sees FY11 sales doubling (Reuters)
Godrej Properties expects to double its sales for the current fiscal as it hopes to cash
in on the strong growth across regions and segments, a senior official said on Friday.
SBBJ Q3 net up over two folds at Rs 132.4 cr (ET)
State Bank of Bikaner and Jaipur (SBBJ) on Friday posted an over two-fold increase in
its net profit at Rs 132.4 crore for the third quarter of the 2010-11.
China's economy grew 10.1 pct in 2010 (Reuters)
The Chinese economy grew around 10.1 percent last year, picking up from the 9.2
percent pace in 2009.
Euro-Area Inflation Accelerates to Fastest in Two Years; Exports Rise 0.2%
(Bloomberg Finance LP)
European inflation accelerated to the fastest pace in more than two years in
December, led by surging energy costs, complicating the European Central Bank’s
efforts to deal with the sovereign debt crisis.
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