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Tight monetary policy behind slowdown: FM
New Delhi, May 31 (IBNS) A tight monetary policy has led to the slowdown in the economy, said Union Finance Minister Pranab Mukherjee on Thursday.The Indian economy grew at a slow rate of 5.3 per cent in the fourth quarter that ended March 2012, against an expected 6.1 per cent and compared to 7.8% in the corresponding period last fiscal."The 2011-12 fourth quarter growth has been estimated at 5.3

Reduce variation in retail, bulk deposit rates
The Reserve Bank of India’s (RBI) new directive on reducing the variation in interest rates on bulk and retail deposits of similar maturities has failed to find favour with banks.

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'Jhumroo' - truly Kishore Kumar, truly Bollywood (Review)
This true-blue Bollywood musical is Kishore Kumar all the way! Packed with the retro look in psychedelic colours, over-the-top props and bling, "Jhumroo" tells the story of a simpleton and his tryst with love, emotions and music but what makes it all the more interesting is when the audiences sing and sway with the classic melodies of the legendary singer.

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Tight security across Punjab ahead of Rajoana hanging
Chandigarh: Security was tightened across Punjab on Wednesday following a shutdown call given by various Sikh organisations against the hanging of Babbar Khalsa International (BKI) terrorist Balwant

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Short-term rates harden amid tight liquidity

Rates on certificates of deposit (CDs) touched a one-year high as banks borrowed aggressively from the debt markets on Friday. Traders said CD issuances were close to Rs 5,000 crore against the

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Sensex falls 82 points on low industry production

The Sensex closed down 0.46 per cent on Friday, reversing early gains, after data showed the country’s industrial output in December slowed sharply and Morgan Stanley cut its allocation for

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