A majority of economists expect the Reserve Bank of India (RBI) to leave rates steady ahead of its quarterly review on July 27, a new Reuters poll showed on Friday, but almost all expect the RBI to raise rates in the policy review.

Forty-three-year old Dhiraj Rao has just returned to India after a long stint overseas. Apart from his savings, he has bought a house and a car. After two decaded, he wants to call it a day. Apart from dabbling in the stock market, he wants to pursue other interests now.

With full page advertisements becoming fairly common for new properties that are being launched, and the initial plans for what will probably be one of the world’s tallest residential buildings in Mumbai making headlines over the last few days, buying real estate seems to be on top of the mind for both end users and investors.

Continuing its selling spree, global financial major Citigroup on Friday offloaded shares of seven domestic companies, including six Sensex firms like Reliance Industries and ICICI Bank, in block deals valued at Rs 109.6 crore.

Four years after exiting the telecom business, India’s largest firm Reliance Industries is getting back in. On Friday, the company announced that it has picked up a 95 per cent stake in Infotel Broadband for Rs 4,800 crore. Infotel is a recently formed company which has come out as the surprise winner of 22 circles in the broadband

Less than three weeks after the Ambani siblings signalled a second truce, elder brother Mukesh has made his move. On Friday, Reliance Industries announced a Rs 4,800-crore acquisition — giving it 95 per cent stake in Infotel Broadband, which emerged Friday as the surprise winner in the just-concluded broadband spectrum auction, with all 22 circles under its belt.

Suspended IPL chairman Lalit Modi is all set to submit by Tuesday his reply to the third show cause notice that BCCI slapped on him for alleged irregularities in the awarding of Twenty20 League’s theatrical rights, his legal adviser said on Friday.

Broken glass on a runway at Mumbai’s Chhatrapati Shivaji airport, resulted in the runway being closed for 50 minutes on Wednesday. According to sources, runway 09X27 had to be closed from 8.10 am to 9 am after an aircraft smashed the runway edge lights during takeoff. However, apart from the official stand that the runway was

The Nationalist Congress Party (NCP) is on the backfoot after its mayor in Miraj, Mainuddin Bagwan was named as a perpetrator of communal riots in 2009. While the party has not disowned or condemned Mr Bagwan, NCP leaders have questioned the police officer’s intentions in naming Mr Bagwan as the absconding accused in the Sangli riots.

Call it the law of unintended consequences, but some good may have come out of the sub-prime mess created by Wall Street.
The 2008-09 recession probably did more for the global environment than any climate change summit or agreement. The recession hit world economy saw its energy consumption, and hence greenhouse effect causing carbon dioxide emissions, shrink by 1.1 per cent during 2009.