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India Times |
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India Business-Business-The Times of India
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News from India by India number one website
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RBI cuts CRR by 50 basis points to release Rs 20,000 cr
Moving to ease pressure on interest rates, the Reserve Bank of India has cut by half-a-per cent the rate of mandatory deposits that commercial banks need to park with it.
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SEBI eases foreign funds investment rules
SEBI has removed some curbs on indirect investments in Indian shares by foreign portfolio investors to revive capital inflows after sharp losses in the benchmark index.
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Nomura to buy Lehman's Indian operations
Japan's top broker Nomura Holdings said Monday that it had agreed to acquire Lehman Brothers' operations in India, giving jobs to 3,000 more workers from the bankrupt Wall Street giant.
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Rupee falls to lowest since early April 2003
In anticipation of more capital outflows with Asian shares falling, the partially convertible rupee in early trade hit 47.45 per dollar, its lowest since April 2003.
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Sensex crashes 751 pts to hit two-year low
Traders helplessly gawked at their trading terminals on Dalal Street as equities plunged sharply after funds took the exit route from Indian markets.
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Rupee seen lower on Asian stocks slide
The Indian rupee is expected to drop on Monday in anticipation of more capital outflows with Asian shares falling, but lower oil prices could provide mild comfort.
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Govt mulling dual diesel pricing: Deora
Union petroleum minister Murli Deora on Sunday said his ministry is actively considering introduction of a dual pricing policy for diesel in the country.
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Indian cos may encash c-credits
Indian companies, which are sitting on issued certified emission reductions (CERs) or carbon credits, are likely to unlock the value of their green certificates to release funds in the prevailing liquidity crunch.
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Finance is no longer a buzzword in B-schools
As banks and financial institutions across US and Europe continue to collapse like nine pins, finance is no longer the buzz word in B-school campuses.
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Exporters, banks settle derivatives losses
Even as the US is grappling with ways and means to tackle the financial crisis unleashed chiefly by credit derivatives, some banks and companies back home have realised that it is better to fix the mess rather than fight.
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India Times 
