business

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

State-run telecom giant Bharat Sanchar Nigam (BSNL) has launched brand new service delivery web portal — BSNL Live — to offer video on demand and movie streaming for its 3G customers for the first time in the country. The portal will provide movie streaming, games, full track songs, video clips as a single window shop … Read more BSNL comes up with 3G service delivery platform

Foreign institutional investors (FIIs) were net sellers of Rs 250.86 crore (provisional) in the cash segment on Tuesday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 2,392.50 crore, their gross sales stood at Rs 2,643.36 crore. Similarly, domestic institutional investors (DIIs) were net sellers of Rs 7.44 crore … Read more FIIs net sellers of Rs 251 cr (prov) in the cash segment on Tuesday

The government continues to do a flip-flop on the oil sector deregulation even as global crude prices have softened somewhat from the recent peak of over $70 per barrel. State minister for petroleum and natural gas Jitin Prasada told Parliament on Monday that the government was not actively considering any proposal to free the retail … Read more Government says no to deregulation of retail fuel prices