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News Headlines
Economy will grow at 9 pc in FY12 despite scepticism (ET)
The economy is expected to grow by 9 per cent in the next fiscal, the Parliament was informed today.
RBI report recommends single policy rate (Reuters)
The Reserve Bank of India (RBI) on Tuesday recommended the use of the repo rate as a single policy rate, in line with global practice, to clearly signal its policy stance.
RBI report: liquidity must be +/- 1 pct of deposits (Reuters)
The Reserve Bank of India's report on the operating procedure of monetary policy recommends that liquidity in the banking system should be maintained at +/- one percent of deposits.
RBI deputy says liquidity management may be tough (Reuters)
Managing liquidity in the banking system was likely to be difficult, two television channels quoted the Reserve Bank of India's (RBI) deputy governor K.C. Chakrabarty as saying on Tuesday.
Cabinet okays GST bill; to be sent to parliament (Reuters)
The cabinet on Tuesday approved a bill to usher in a national goods and services tax (GST), the finance minister said, the final step in the country's most ambitious tax reform before introducing it in parliament.
Govt set to liberalise FDI policy on JVs, tech tie-ups (BS)
The gov’t is likely to liberalise the FDI norms for entry of foreign companies that have existing joint ventures or technical collaborations in India.
Inflation Surprise Spoils Five-Week Bond Rally as RBI Meets: India Credit (Bloomberg Finance LP)
An unexpected jump in India’s inflation last month ended a five-week rally in bonds and reinforced expectations the central bank will raise interest rates this week.
Banks see profit squeezed on high rates in H1 FY12 (Reuters)
Indian banks could see profits under pressure in the first half of FY12 but lower government borrowing, rising consumer demand and expectations that interest rates will ease could boost earnings in the second half.
India nuclear plans on track despite Japan crisis (Reuters)
India's plans to rapidly build more nuclear power plants are unlikely to change despite the crisis in Japan, as Asia's third-largest economy seeks to end blackouts.
Indian software firms ready to relocate Japan staff (Reuters)
Software services firms braced to relocate their employees from Japan as panic spread following a rise in radioactive levels around a quake-hit nuclear power plant.
IOC FY12-term crude oil imports seen up 4.2 pct (Reuters)
Indian Oil Corp (IOC) will import 4.2 percent more crude oil in term deals for the next fiscal starting April than a year ago, two sources familiar with the plan said, to feed its expanded capacity.
NALCO sells aluminium at $109 premium (Reuters)
India's National Aluminium Co Ltd (NALCO) sold 3,000 tonnes of aluminium ingots at $109 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a company source said.
IOC plans to shut units at Panipat plant (Reuters)
IOC plans to shut for repairs some of its secondary units and a naphtha cracker plant at northern Panipat refinery in the next fiscal, a source said on Tuesday.
Castrol India Jan-March advance tax up 49.5 pct (Reuters)
Castrol India has paid 673 million rupees as advance tax for Jan-March quarter, up 49.5 percent on year.
M&M to boost development, brand spend at Ssangyong
Mahindra & Mahindra said it will boost product development and brand spends at Ssangyong Motor Co and will set up a joint panel to ensure synergies with the South Korean sport utility vehicle maker.
Ministry okays Rs 10,000-cr package for SAIL unit (BL)
The Steel Ministry on Monday announced a Rs 10,000 crore package for building a hi-tech steel making facility in Steel Authority of India Ltd's Jagdishpur unit.
Fed Upgrades Economic Outlook While Affirming Bond Stimulus (Bloomberg Finance LP)
Federal Reserve policy makers said U.S. growth is becoming more durable and higher energy prices will have a temporary effect on inflation as they affirmed plans to buy $600 billion of Treasuries through June.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
Economy will grow at 9 pc in FY12 despite scepticism (ET)
The economy is expected to grow by 9 per cent in the next fiscal, the Parliament was informed today.
RBI report recommends single policy rate (Reuters)
The Reserve Bank of India (RBI) on Tuesday recommended the use of the repo rate as a single policy rate, in line with global practice, to clearly signal its policy stance.
RBI report: liquidity must be +/- 1 pct of deposits (Reuters)
The Reserve Bank of India's report on the operating procedure of monetary policy recommends that liquidity in the banking system should be maintained at +/- one percent of deposits.
RBI deputy says liquidity management may be tough (Reuters)
Managing liquidity in the banking system was likely to be difficult, two television channels quoted the Reserve Bank of India's (RBI) deputy governor K.C. Chakrabarty as saying on Tuesday.
Cabinet okays GST bill; to be sent to parliament (Reuters)
The cabinet on Tuesday approved a bill to usher in a national goods and services tax (GST), the finance minister said, the final step in the country's most ambitious tax reform before introducing it in parliament.
Govt set to liberalise FDI policy on JVs, tech tie-ups (BS)
The gov’t is likely to liberalise the FDI norms for entry of foreign companies that have existing joint ventures or technical collaborations in India.
Inflation Surprise Spoils Five-Week Bond Rally as RBI Meets: India Credit (Bloomberg Finance LP)
An unexpected jump in India’s inflation last month ended a five-week rally in bonds and reinforced expectations the central bank will raise interest rates this week.
Banks see profit squeezed on high rates in H1 FY12 (Reuters)
Indian banks could see profits under pressure in the first half of FY12 but lower government borrowing, rising consumer demand and expectations that interest rates will ease could boost earnings in the second half.
India nuclear plans on track despite Japan crisis (Reuters)
India's plans to rapidly build more nuclear power plants are unlikely to change despite the crisis in Japan, as Asia's third-largest economy seeks to end blackouts.
Indian software firms ready to relocate Japan staff (Reuters)
Software services firms braced to relocate their employees from Japan as panic spread following a rise in radioactive levels around a quake-hit nuclear power plant.
IOC FY12-term crude oil imports seen up 4.2 pct (Reuters)
Indian Oil Corp (IOC) will import 4.2 percent more crude oil in term deals for the next fiscal starting April than a year ago, two sources familiar with the plan said, to feed its expanded capacity.
NALCO sells aluminium at $109 premium (Reuters)
India's National Aluminium Co Ltd (NALCO) sold 3,000 tonnes of aluminium ingots at $109 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a company source said.
IOC plans to shut units at Panipat plant (Reuters)
IOC plans to shut for repairs some of its secondary units and a naphtha cracker plant at northern Panipat refinery in the next fiscal, a source said on Tuesday.
Castrol India Jan-March advance tax up 49.5 pct (Reuters)
Castrol India has paid 673 million rupees as advance tax for Jan-March quarter, up 49.5 percent on year.
M&M to boost development, brand spend at Ssangyong
Mahindra & Mahindra said it will boost product development and brand spends at Ssangyong Motor Co and will set up a joint panel to ensure synergies with the South Korean sport utility vehicle maker.
Ministry okays Rs 10,000-cr package for SAIL unit (BL)
The Steel Ministry on Monday announced a Rs 10,000 crore package for building a hi-tech steel making facility in Steel Authority of India Ltd's Jagdishpur unit.
Fed Upgrades Economic Outlook While Affirming Bond Stimulus (Bloomberg Finance LP)
Federal Reserve policy makers said U.S. growth is becoming more durable and higher energy prices will have a temporary effect on inflation as they affirmed plans to buy $600 billion of Treasuries through June.
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