Briefly Business: GoM to decide on stake sale of ONGC,BHEL today

PC market shrinks in December quarter

Mumbai: Recording its lowest shipments in the last six quarters,Indias personal computer (PC) market witnessed a decline in the quarter ended December 2011,disrupted largely by the supply shortage and subsequent price inflation of hard disk drives,according to IDC India.

Rate rise cycle at its peak: RBI Deputy Governor

Mumbai: Stating that the January headline inflation at 6.55 per cent is in line with its expectations,RBI deputy governor Subir Gokarn on Tuesday said the data underline that the rate hike cycle is at its peak.

RBI issues draft norms on non-bank ATMs

Mumbai: In a bid to accelerate the growth and wider spread of ATMs,the RBI on Tuesday issued draft guidelines for permitting non-banking entities to set up,own and operate such money dispensing machines. Non-bank entities proposing to set up such service will have to have a minimum net worth of Rs 100 crore,RBI said.