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Popular Articles

BSNL mobile service draws flak in LS
Poor quality mobile services of state-run BSNL today came under sharp attack in the Lok Sabha, even as the government said it was the only operator which has taken maximum load for providing connectivity to rural areas.

CRR hike slightly aggressive, int rates not seen rising now
Economists were "slightly surprised" by the extent of hike (75 basis points) in mandatory cash reserves of banks held by the Reserve Bank, but felt that the apex bank"s move was strongly influenced by rising inflationary pressures.

News of the day

Markets at day's high
The Sensex has gained 53 points to the day"s high of 16,412. The Nifty is up 32 points at 4,914.
Corporate

Govt balances with RBI decline

With the government increasing expenditure on payments to contractors for projects, its balances with RBI fell by Rs 16,346 crore in the week ended January 1. - Forex reserves up $22 million - Government sets up schedule to provide relief to accident victims - Web exclusive: Inclusive growth in the financial sector - Oil regulator seeks infra lending for CGD projs - Uco Bank posts 20.7% business growth in Q3 - ICICI-First Data look at 500,000 PoS terminals by 2015 According to RBI data, the government’s balance with the central bank stood at Rs 37,193 crore as of January 1. In the previous week, strong advance tax and excise duty collections led to a Rs 5,145-crore increase in the balance.


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