RBIs monetary policy strategy meet today
Mumbai: Ahead of its quarterly monetary policy review,the RBI will hold a meeting on Tuesday to firm up the policy action against the backdrop of prevailing macro-economic conditions.
Pawar named as head of GoM on coal-mining
New Delhi: Agriculture Minister Sharad Pawar has been named as head of the Group of Ministers on coal-mining,a position earlier held by Pranab Mukherjee.
Oil slips 3%,pressured by Spain,euro zone worries
New York: Oil prices dropped 3 per cent on Monday as worries that Spain is headed for a bailout. Brent September crude fell $3.20 to $103.63 a barrel at 16:15 GMT. US September crude was down $2.96 at $88.87 a barrel,after slipping to $87.94.
Will be difficult to reverse Cairn-Vedanta deal: SC
New Delhi: Referring to the $8.5 billion Cairn-Vedanta deal,the Supreme Court on Monday said that while it could be difficult to reverse the something that has happened, the court would take note of the transactions legality. It was hearing a PIL alleging that the transaction was in contravention of an agreement that while selling its shares,Cairn India would offer them first to state-owned PSU ONGC.
Allahabad Bank cuts FD rate by 0.25 per cent
New Delhi: State-owned Allahabad Bank has revised the interest rate downward from existing 9.50 per cent to 9.25 per cent on term deposit with maturity period of one year to less than two years.
I-T Dept adds new column for foreign assets
New Delhi: Tightening the norms,Income Tax Department has introduced a new column seeking details of foreign assets in the Income Tax Return (ITR) forms for the 2012-13 assessment year.
Foreign investors pull out $120 mn from equity funds
New Delhi: Overseas investors pulled out over $120 million from equity funds focused on Indian market during the third week of July,funds tracking firm EPFR Global has said.