The rise in prices accelerated in December, with inflation jumping to 8.43 per cent mainly due to the high cost of food items.
Economists now almost uniformly believe that the Reserve Bank will hike interest rates once again by at least 0.25 per cent in January itself to curb inflation. Since the

The government on Wednesday said it would dilute its stake in SAIL in January, followed by Power Finance Corpor-ation and ONGC in March. Sources, however said the follow-on public offer of IOC has bee

The Reserve Bank on Wednesday directed banks to close the public provident fund (PPF) accounts of Hindu undivided families (HUFs), which have completed 15 years and refund the money by March 2011. The

Union Bank of India is expecting funds worth `1,150 crore from the government by March 2011 to boost its tier I capital, a senior bank official said on Monday. “We hope to get the second tranche of `1

Export-Import Bank has enhanced its medium term note (MTN)programme to $2.50 billion from $1 billion. A part of the upsized MTN programme will be utilised for issuance of bonds by the bank’s branch in

Chennai-based TI Cycles, part of the $3.03 billion Murugappa Group, is on course to achieve its bicycles sales target of 4.3 million and cross `1,000 crore in turnover this
fiscal, a top company offi

Bharat Heavy Electricals Limited (BHEL) on Tuesday said it has secured two plum orders from Indian Railways for the development, manufacture and supply of 3-Phase IGBT-based propulsion systems for Ele

Punj Lloyd on Tuesday said it has bagged a contract for the construction of two commercial buildings in a township being developed by the Hirco Group at its Special Economic Zone at Panvel, Maharashtr

The government will retain its borrowing plan of `4.47 lakh crore this fiscal, despite reducing the size of market mop-up by `10,000 crore earlier this month due to cash shortage in the system. This w

National Hydroelectric Power Corporation (NHPC) is set to ramp up its power generation capacity in the country to 5,322 MW by the end of the 11th Five-Year Plan in March, 2012. NHPC had lined up 10 pr