Month: July 2009

Essar Oil, part of the Ruia Group, has invited alliances aimed at boosting its market share. The company presently has 1,250 fuel outlets located at highways, rural areas and tier II and III cities. The private sector E&P and marketing major plans to house food chains and will also supply auto LPG at its outlets. … Read more Essar Oil seeks alliances for boosting retail market share in LPG

The Reserve Bank of India (RBI), which is set to present its first quarterly review of monetary policy next week, is unlikely to go for further interest rate cuts, although its overall stance is likely to be more pro-growth than otherwise. There are two main reasons that may prevent the Indian monetary authority from going … Read more RBI likely to hold rates in Q1 policy review

Mumbai Residential Real Estate absorption was around 5,000 units a month in March-May 2009, which is broadly in-line with levels in early 2008 and up significantly from around 2,000 units/month in September 2008-February 2009. The number of months of unsold inventory has fallen to 11, which is in-line with early 2008 levels and may be … Read more Mild Recovery in Mumbai + Noida Real Estate – Bangalore and Hyderabad No Signs of Recovery

The National Securities Depository and Central Depository Services (India) have revised the norms relating to expired commodity stocks. The depository entities have decided to restrict off-market deals, which enabled inter-client transfer of expired commodity stocks at exchange warehouses. As per a circular issued by NCDEX on Tuesday, members must transfer the holdings from his pool … Read more NSDL, CDSL revise norms for expired commodity stocks