Finance ministry’s opposition prompts RBI to deny request for higher valuation of shares The Reserve Bank of India has denied a request by Tata Sons to acquire Japanese telecom giant NTT DOCOMO’s stake in Tata Teleservices Ltd at a price higher than the current fair value of TTSL shares. RBI’s denial followed the finance ministry opposing the proposal, on the grounds that it would set a wrong precedent for all such transactions. A statement by Tata Sons (the holding company of ... Rediff.com, 3 days ago
BIZ BRIEFS: Tata wins approval - Himalayan times, 2 months ago
Tata's offer for DoCoMo buy-back gets RBI nod - Rediff.com, 2 months ago
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Only two banks - Union Bank of India and United Bank of India - took a cue from the Reserve Bank of India (RBI)’s repo rate cut and reduced their base rates. RBI reduced the repo rate by 25 basis points (bps) to 7.75 per cent on January 15. The two banks also reduced their base rate by 25 bps each. Base rate is the benchmark lending rate to which all loan rates are linked. Several banks, however, explored whether there was room for reduction in the base rate over the past fortnight ...Rediff.com, 1 month ago Black-money sleuths seek HSBC transaction data Rediff.com, 4 weeks ago India's forex kitty high, but may not cushion extreme volatility: RBI Rediff.com, 1 month ago Govt wants Sebi, not RBI, to regulate money market Rediff.com, 3 weeks ago
New Delhi: The Reserve Bank of India’s surprise interest rate cut sent the market soaring with the Sensex breaching the 30,000 point mark for the first time in its history. The Nifty was also at a life time high at 9109.15.The Sensex is up 407.43 points ...IndiaTV News, 3 weeks ago L&T chief says RBI rate cut is 'too little, too late' Rediff.com, 3 weeks ago RBI disappoints markets; Sensex drops 122 points Jagran Post, 1 month ago To cut or not to cut: Tug of war between RBI and govt Rediff.com, 1 month ago
If RBI continues to cut rates, banks and other financial firms’ out-performance is likely to continue The Reserve Bank of India surprised the market last week when it cut policy rates by 25 basis points. The central bank must be satisfied that consumer inflation is under control. One concrete target was that RBI wanted Consumer Price Index inflation to be six per cent or less, year-on-year (y-o-y), for January 2015. Since CPI y-o-y for December 2014 was five per cent, that January ...Rediff.com, 2 months ago Budget over, markets now look to RBI for rate cuts Rediff.com, 3 weeks ago
RBI guv backs move NEW DELHI : India’s central bank Governor, Raghuram Rajan, on Sunday cautiously backed a government plan to hand public debt management to a new agency, as the two sides played down reports of friction over the biggest regulatory ...Himalayan times, 5 days ago Budget will help India become a powerhouse, says Rajan Rediff.com, 3 weeks ago
MUMBAI: India’s consumer price inflation quickened in December for the first time in five months, data showed today, dimming hopes of a new year rate cut by the central bank. But more promising figures released simultaneously by the government showed a ...Himalayan times, 2 months ago India keeps interest rates on hold Himalayan times, 1 month ago Analysts believe RBI may cut interest rates as early as this week Rediff.com, 3 weeks ago
The IMF chief is likely to meet Prime Minister Narendra Modi, Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan On the heels of the International Monetary Fund cautioning India on challenges to its economic growth, the organisation’s managing director, Christine Lagarde, will be visiting the country for two days, beginning Monday. Lagarde is likely to meet Prime Minister Narendra Modi and Finance Minister Arun Jaitley. She will be in Delhi on Monday and travel to Mumbai ...Rediff.com, 1 week ago
On the present government’s ‘Make in India’ campaign, C Rangarajan, former chairman of the Prime Minister’s Economic Advisory Council, says it is important to first ask for whom it is being made. Speaking here at the fifth Dr Raja J. Chelliah Memorial Lecture, organised by the National Institute of Public Finance and Policy, he noted ‘Make for India would be import substitution, Make for the World would be export promotion’. He acknowledged it might not be ...Rediff.com, 2 weeks ago India's factory growth slips Himalayan times, 1 month ago
Looking at the rupee from its nominal (or market) exchange rates, it is holding firm because of capital inflows A recent report pointed out that the real effective exchange rate of the rupee was at its highest level in the past two years. The REER index, which is computed using the rupee’s value relative to six major currencies and the inflation rates in each of those countries and uses 2004-05 as the base year, is at a level of 124. Broadly, this can be taken to reflect rupee ...Rediff.com, 2 weeks ago
The reason behind the cut in policy rate seems to be a slowing economy, not something to be excited about Reserve Bank of India (RBI) governor Raghuram Rajan surprised financial markets by lowering the policy repo rate by 25 basis points to 7.5 per cent. This is the second time that the governor announced the cut outside official policy meetings. While market did expect the central bank to continue on the path of interest rate cuts, the timing came as a surprise. For some, it is not so much of ...Rediff.com, 3 weeks ago After RBI's rate cut, Budget must show fiscal tightening Rediff.com, 2 months ago RBI could have cut rate by greater margin: Nirmala Sitharaman Jagran Post, 2 months ago
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