Chakrabarty gets 3-month extension as Dy Governor
New Delhi: The government has extended the tenure of RBI deputy governor KC Chakrabarty by three months. The Government of India today re-appointed Dr KC Chakrabarty as the deputy governor of the Reserve Bank of India for a further period of three months beyond June 14,2012 or until further orders,whichever is earlier, the RBI said in a statement. Meanwhile,a top Finance Ministry official said that the government was also considering to extend his term by two years.
FM to discuss slowdown with India Inc on June 26
New Delhi: Amid decelerating growth,Finance Minister Pranab Mukherjee will meet captains of Indian industry on June 26 to firm up steps to rejuvenate the economy. Top industry leaders who would be attending the meeting (on June 26) would include Mukesh Ambani,Anil Ambani,Ratan Tata,Sunil Bharti Mittal and Y C Deveshwar, a finance ministry official said.
Asian electric car consortium in deal to buy Saab
Stockholm: An electric carmaking consortium,led by Hong Kong and Japanese investors and chaired by a former Volvo Trucks executive,has penned a deal to buy the better part of bankrupt Swedish automaker Saab,rescuing the brand from insolvency.
ICRA pegs GDP growth at 6.2-6.4% in FY13
New Delhi: Rating agency ICRA on Wednesday pegged Indias GDP growth forecast for the fiscal 2012-13 at 6.2-6.4 per cent and asked for an early introduction of reform measures to bring back investor confidence.
Nokia launches Pureview 808 in India
New Delhi: Boasting of a 41-megapixel sensor camera,Finnish handset maker Nokia today launched its Pureview 808 in India,which will not only take head-on competitors like Samsung Galaxy SIII and HTC One,but also cameras from the likes of Nikon and Sony. It is priced at Rs 33,899.
CCEA may take up new urea policy today
New DelhI: The Cabinet Committee on Economic Affairs (CCEA) is expected to approve an increase in retail price of urea by 10 per cent on Thursday.
FSA coal price: will not wait beyond June,says TCI
Mumbai: In a letter written to the CMD of Coal India,hedge fund investor The Childrens Investment Fund on Wednesday said that it will not wait beyond June for CIL to price all FSA coal to market levels and will be left with no option but to bring claims against both CIL and its directors for repeated breaches of company law,violation of their fiduciary duties and obligations to shareholders.
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