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Finance minister hints at policy boosters
Sharp rebound surprises industry players. Industrial production growth rebounded to 5.9 per cent in November after a sharp contraction of 4.7 per cent in the preceding month, prompting finance minister Pranab Mukherjee to exude confidence that industry may deliver a better performance in the months to come. But both industry and analysts are not so sure about the longevity of the trend. Rating agency
Sharp rebound surprises industry players. Industrial production growth rebounded to 5.9 per cent in November after a sharp contraction of 4.7 per cent in the preceding month, prompting finance minister Pranab Mukherjee to exude confidence that industry may deliver a better performance in the months to come. But both industry and analysts are not so sure about the longevity of the trend. Rating agency
Food prices continue to hurt
Non-vegetarian items, along with fruit and edible oil, have kept household budgets tight.
Non-vegetarian items, along with fruit and edible oil, have kept household budgets tight.
OMCs' underrecoveries may cross Rs 1,40,000 cr
Under-recoveries of oil marketing companies are expected to cross fresh government estimates, to touch an all-time high of Rs 140,000 crore during 2011-12. Experts see high crude oil prices and a
Banks move to recast power sector loans
There is some current good news, from banks, for those who despair of state-run electricity distribution utlilities setting their finances in order.
There is some current good news, from banks, for those who despair of state-run electricity distribution utlilities setting their finances in order.
Scoring on all fronts
Birla Sun Life Frontline Equity Fund, launched in August 2002, has an asset size of Rs 2,806 crore as of quarter-ended December 2011. This is more than double the category average of Rs 1,152
Banks may cut rates if funding costs fall - IBA
India's lenders may lower interest rates if their funding costs come down, but banks have not suggested any specific steps at a meeting with Reserve Bank of India officials, Bank of Baroda Chairman
India's lenders may lower interest rates if their funding costs come down, but banks have not suggested any specific steps at a meeting with Reserve Bank of India officials, Bank of Baroda Chairman
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