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Mail Today Bureau
New Delhi, March 31, 2014
\"We are hoping for a 50-basis points cut in the repo rate as retail inflation has started receding,\" Confederation of India Industry director general Chandrajit Banerjee said.


Mahesh Nayak
March 31, 2014
The mood of the market may have turned positive, but the fear of losing money still remains fresh in the minds of the public, thus keeping many waiting at the sidelines. Though one should keep room for safety, it's time to invest in the Indian equity market.


PTI
New Delhi, March 27, 2014
The Reserve Bank is likely to keep interest rate unchanged in the upcoming annual monetary policy on April 1 as the retail inflation is yet to show definite signs of moderation.


PTI
Mumbai, March 27, 2014
Positive global trends and major participants buying to cover their pending positions on the last day of settlement in the derivatives segment also supported the uptrend to some extent, brokers said. FIIs, according to provisional Sebi data, put $171.26 million in equities on Thursday.


PTI
New Delhi, March 25, 2014
The Mumbai-based bank launched a domestic remittance service called 'Instant money transfer (IMT)' that allows cardless cash withdrawal from it select ATMs which are tuned for this facility.


PTI
Mumbai, March 24, 2014
The BSE Sensex climbed to hit a new intra-day peak of 22,074.34 on the back fo heavy buying. It also ended at a record closing of 22,055.48, up 300.16 points, or 1.38 per cent. Its previous closing peak was 21,934.83 on March 10 while its intra-day peak was 22,040.72 set on March 18, 2014.


PTI
New Delhi, March 23, 2014
Indian benchmark indices may witness bouts of volatility this week as traders roll over positions in the derivative segment on expiry of near-month contracts, say experts.


PTI
New Delhi, March 23, 2014
HSBC Country Head Naina Lal Kidwai said: \"I think there will have to be a sustained performance on inflation before interest rates begin to come down. But at least it appears at the moment that interest rates won't go up\".


PTI
New Delhi, March 21, 2014
\"Point to point rate of inflation based on the CPI-AL and CPI-RL decreased from 9.08 per cent and 9.21 per cent in January, 2014 to 8.14 per cent and 8.27 per cent in February, 2014,\" said a press release.


PTI
Mumbai, March 15, 2014
Even as the BSE benchmark Sensex breached 22K level during the week for the first time in the history, it snapped 3-week of gaining string, tumbling by 110 points to end at 21,809.80 due to profit booking following tightening of norms by Sebi.


PTI
New Delhi, March 14, 2014
The global rating agency expects the economy to pick up in the next two financial years. India's economy is expected to grow 4.7 per cent in FY2013/14, slightly up from the recently downward adjusted 4.5 per cent for FY2012/13, Fitch said in its latest Global Economic Outlook.


PTI
New Delhi, March 14, 2014
Economy is likely to grow at 5.5 per cent in the fourth quarter of the current fiscal on higher agriculture output and pick up in the manufacturing activities, Prime Minister's Economic Advisory Council (PMEAC) chairman C Rangarajan said.


PTI
New Delhi, March 14, 2014
The food inflation, based on Wholesale Price Index (WPI), dropped to 8.12 per cent in February, compared to 8.8 per cent in the previous month as the rate of price rise slowed in almost all items, except fruits and milk.


PTI
Mumbai, March 14, 2014
Asian and European indices were weak as investor fears that China is entering a deeper slowdown were heightened after data showed Chinese industrial production and retail sales grew slower than analysts expected.


PTI
Mumbai, March 13, 2014
El Nino, which occurs at irregular intervals of 2-7 years, weakens the Asian monsoon, often causing drought in north-west and central India.


PTI
Mumbai, March 13, 2014
\"We expect RBI to maintain interest rates status quo in the policy announcement next month to ensure that the decline in inflation continues before the monetary policy looks to promote growth,\" ratings agency Care said in a note.


PTI
Mumbai, March 13, 2014
The 30-share index rose to a day's high of 21,991.36 points on fall in consumer inflation and positive industrial growth in the previous quarter.However, a late selling mainly in IT stocks led by index major Infosys pushed back the barometer to end lower by 81.61 points, or 0.37 per cent, at 21,774.61 points.


PTI
New Delhi, March 12, 2014
\"This should spur the RBI to give a predominance to growth and cut interest rates in its forthcoming monetary policy as the negative growth of capital and consumer goods, especially consumer durables, reinforces the view that escalating interest costs are impeding investment revival,\" CII Director General Chandrajit Banerjee said.


Siddesh Mayenkar
Mumbai, March 12, 2014
Titan, which has a direct gold import licence but no export business, has been caught on the wrong side of the so-called 80/20 rule that means a fifth of all imports must be exported.


Manoj Kumar
New Delhi, March 12, 2014
Overall inflation in the food basket, including beverages, slowed to 8.57 per cent in February from 9.9 per cent in the previous month. The rate of price rise slowed to 9.93 per cent for cereals and related products from 11.42 per cent in January.


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