RBI hikes rates for fourth time this year
Mumbai, July 27: India's central bank hiked its main interest rates on Tuesday for the fourth time this year, raising the repo rate by 25 basis points and the reverse repo rate by 50 basis points, a s
Deutsche Bank posts stronger quarterly profits
Frankfurt, July 27: Germany's biggest bank, Deutsche Bank, posted on Tuesday a second-quarter net profit of 1.2 billion euros (1.56 billion dollars), up from 1.1 billion in the same period a year earl
SAP posts 15 percent rise in quarterly profit
Frankfurt, July 27: German professional software giant SAP posted on Tuesday a 15 percent jump in second quarter net profit to 491 million euros (638 million dollars).
Sales of software and related s
Rise in fuel product prices minimal: Deora
New Delhi, Jul 27: Defending the increase in fuel product prices and their de-regulation, Government today said the rise in their cost was "minimal" and such a decision was needed to improve the finan
RBI rate hike to check inflation, not hurt growth: Pranab
New Delhi, Jul 27: Finance Minister Pranab Mukherjee today said the Reserve Bank's decision to raise short-term key rates will check inflation without hurting growth.
"I expect this policy will lead
Railways planning sale of e-tickets on its portal
New Delhi, July 27: Indian Railways are mulling the sale of e-tickets on its portal which will end IRCTC's monopoly in e-ticketing business and provide multiple booking avenues to rail passengers.
Hi
RBI rates may turn auto, home loans expensive
Mumbai, July 27: Targeting to check the double digit inflation, RBI today hiked its short-term lending and borrowing rates by 0.25 per cent and 0.50 per cent respectively, a move that could put pressu
Bangladesh to buy power from India
Dhaka, July 27: In what is being seen as a landmark deal between once bickering neighbours, Bangladesh has signed a 35-year power transmission agreement with India to import 250 megawatt of electricit
RBNL signs 5 year contract with DMRC
Mumbai, July 26: Reliance Broadcast Network Ltd today said it has bagged a five year contract from the Delhi Metro Rail Corporation for construction related works.
The company has won a five year con
SAIL to invest Rs 100 cr to revive Malvika Steel
New Delhi, July 26: State-owned SAIL today said it will invest Rs 100 crore to revive its Uttar Pradesh unit, formerly known as Malvika Steel, which the steelmaker acquired last year.
"The total cost