RBI norms to affect bank’s pricing power: Moody’s

Indian banks are required to set a base lending rate that is a function of the bank's cost of funding, operating costs and cost of capital

Chennai: The Reserve Bank of India’s (RBI) norms requiring banks to outline the framework they use to determine the loan spread about their benchmark lending rates will reduce pricing power of the latter, global rating agency Moody’s Investor Services said on Monday. Indian banks are required to set a base lending rate that is a function More...

by IANS | Published 15 hours ago
Obama welcomed Modi's recent reforms to ease doing business in India
By IANS On Sunday, January 25th, 2015
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India, US to resume talks on bilateral investment treaty: Modi

New Delhi: India will resume its dialogue on bilateral investment treaty with the US as the economic growth in both countries is becoming stronger, Prime Minister Narendra Modi said here on Sunday. Obama welcomed More...

The Guinness World Records has recognised the achievements made under the PMJDY and has given a certificate
By Indileak Web Desk On Saturday, January 24th, 2015
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Modi congratulates bankers for success of PMJDY

New Delhi: Prime Minister Narendra Modi has congratulated all bankers through an email for the success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) and rolled out a roadmap for the future, an official statement More...

The Sensex touched a high of 29,408.73 points and a low of 29,165.56 points in the intra-day trade
By IANS On Friday, January 23rd, 2015
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Sensex, Nifty scale new highs; auto stocks up

Mumbai: A day after the European Central Bank (ECB) announced a mega bond buying programme, a benchmark index of Indian equities markets on Friday scaled a new peak of 29,408.73 points in the intra-day trade. The More...

We sell close to 4,000 cars in the hatchback segment and 6,500 cars in the sedan segment each month
By IANS On Thursday, January 22nd, 2015
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Tata Motors to launch two models every year till 2020

Kolkata: Planning to increase its market share in cars, Indian automotive major Tata Motors on Thursday said it will launch two car models each year until 2020. We sell close to 4,000 cars in the hatchback segment More...

The airline has asked the market regulator to exempt it from the regulation so that it can go ahead with the planned transaction
By IANS On Wednesday, January 21st, 2015
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SpiceJet’s revival plan approved; SEBI to take further call

New Delhi: The revival plan of cash-strapped airline SpiceJet was approved by the civil aviation ministry on Wednesday. The airline has asked the market regulator to exempt it from the regulation so that it can More...

The 30-scrip Sensitive Index (Sensex) had closed at 28,262.01 points on Monday
By IANS On Tuesday, January 20th, 2015
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Sensex, Nifty touch all-time high, banking stocks roll

Mumbai: Positive European cues ahead of a possible European Central Bank (ECB) stimulus and bullish investor sentiment on hopes of further reforms in the upcoming budget, propelled the Indian equities market to More...

Slower growth in China will impact growth in much of emerging Asia except India
By IANS On Tuesday, January 20th, 2015
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India to grow at 6.5 percent in 2016: IMF

Washington: Broadly keeping its growth forecast for India unchanged, International Monetary Fund (IMF) on Tuesday projected that rising from 5.8 percent in 2014, the Asian economy will grow at 6.3 percent in 2015 More...

The airline has also been advised to use less space at major airports like Delhi and Mumbai to reduce rentals
By IANS On Monday, January 19th, 2015
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Air India to cut expenses by Rs 1,400 crore

New Delhi: In order to maintain a healthy balance sheet, state-owned passenger carrier Air India plans to cut its total expenses by Rs 1,400 crore in the coming financial year. The airline has also been advised More...

The company has invested $1 billion in developing the new system in five years
By Indileak Web Desk On Monday, January 19th, 2015
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IBM unveils powerful servers in India

New Delhi: Global IT major IBM on Monday unveiled its most powerful mainframe servers here to meet the growing requirements of India’s mobile economy. The company has invested $1 billion in developing the More...