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‘Interest rates to be eased’
Will take up the issue of protectionism at G20 meet, PM tells industry. Prime Minister Manmohan Singh today told leading businessmen in a meeting that the Reserve Bank of India (RBI) will take further steps to reduce key interest rates in order to boost economic demand, according to industry representatives present there. This was Singh’s [...]
MUMBAI: Fund managers are opting to sit on cash or even raise it, ahead of a general election which poses a serious event risk to a choppy share market, already spooked by a slowing economy. The world’s largest democratic exercise between April 16 and May 13 comes amid a decline in the economy, expected to [...]
Cashing in money
MUMBAI: Indian equities rose for the fifth-straight session on Friday, helping script their best weekly gains since early November. But gains in benchmark indices were capped, as investors trimmed exposure to frontline shares fearing a reversal in the recent bullish trend, which drove up the Sensex by over 12% this week. “The rally may be [...]
How to get out of debt in times of crisis
One of the important lessons the current financial turmoil has taught us is to always avoid overreliance on debt, particularly for self indulgence. This lesson has assumed more significance in view of the fact that today – driven by easy availability of finance and plastic money- debt has become a way of our life, with [...]
China has made its agenda clear
SHANGHAI: The only major economy still growing at a fast clip, China is being unusually forthright in challenging the US led global order ahead In his second rebuke of US leadership this past week, the central bank governor, Zhou Xiaochuan, said China’s rapid response to the downturn — including a 4 trillion yuan ($586 billion) [...]
unepmloyed NRI are in Indian Real Estate business
It looks unimaginable that the impact of economic slowdown will not affect the rental market of the capital. While it scotched the rental scene House Home loan rates may drop shortly | Realty: Good news on its way Real estate: Good hedge Investment Tips in posh areas for two-three months, the tide is now turning. [...]
Banks have to report their cash balances
MUMBAI: Cash rates jumped on Thursday on higher demand for funds on the last borrowing day for the current reporting cycle, but dealers said rates are likely to ease later in the day. At 10:35 a.m., the four-day money was trading at 4.50/75 per cent, off an early high of 4.90 per cent, and above [...]
Wall Street undecided
NEW YORK: The Wall Street resurgence of the past weeks has pundits pondering: Has a new bull market begun after 17 months of horrific losses? Or is this just another heartbreaking “bear market” rally? Bulls and bears both claim evidence in their favor after three consecutive weekly gains for the main US indexes. Over the [...]