Narendra Modi govt, RBI heading for potential clash over who decides rates
Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, the Narendra Modi government and the Reserve Bank of India (RBI) remain at odds over how crucial decisions are made. Both sides support the setting up of a Monetary Policy Committee, as first... read more »
Day 3: Telecom spectrum sale fetches government Rs 77,000 crore
The telecom spectrum auction, with the eight companies in the fray, received bids worth Rs 77,000 crore at the end of the 17th round on day three of the e-auction, the government said on Friday. “Seventeenth round was completed with Rs 77,000 crore commitment today (Friday),” the... read more »
RBI eases norms for home loans for up to Rs 10 lakh
New Delhi: Giving a boost to affordable housing, the RBI on March 6 eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit. These charges form around 15 per cent of the cost of the house and place a burden on... read more »
Samsung In Talks To Set Up New Factory In India
South Korean technology giant Samsung Electronics Co Ltd is in talks with Indian states about building a third manufacturing plant in the country. “While we are in talks with the state governments, nothing has been decided,” Samsung said in a statement. It didn’t say how much it... read more »
Messi challenges Ronaldo in race for Spain’s top scorer
After finding his scoring touch in Germany, Cristiano Ronaldo is ready to renew his scintillating duel with Lionel Messi in the Spanish league. Ronaldo ended a rare three-game slump without... read more »
Tiger Woods will not play Honda Classic
Tiger Woods has confirmed that he will not play next weeks’ Honda Classic after he announced an indefinite leave from the PGA Tour. Woods said last week he would leave the tour... read more »
DD can share feed of WC matches with private cable operators: SC
Public broadcaster Doordarshan (DD) can continue to share live feed of cricket World Cup matches with private cable operators as the Supreme Court on Friday granted a stay on the Delhi High... read more »
World Cup 2015: New Zealand thrashes England by 8 wickets
Tim Southee took 7-33 in the most destructive spell in New Zealand’s limited-overs history and Brendon McCullum made the fastest 50 in a Cricket World Cup match as the tournament co-hosts... read more »
Gold, silver rebound on marriage season demand, global cues
Gold prices recovered by Rs 95 to Rs 27,285 per 10 grams at the bullion market on Thursday on emergence of buying by jewellers to meet wedding season demand amid a firm global trend. Silver... read more »
