No deposit rate hikes, says Bhatt Amidst debates on the impact of CRR hike on lending and deposit rates, SBI chairman O P Bhatt, on Monday, ruled out any hike in rates, saying the hike in CRR is nominal. I dont think there will be any hike in deposit rates nor in lending rates, he said.
GSM players paying hefty sums: COAI GSM-based mobile players, under attack from CDMA lobby for allegedly getting additional spectrum free of cost, on Saturday countered the charge saying they have paid about Rs 1,800 crore on radio waves till date.
Forex kitty swells to $225 billion The countrys foreign exchange reserve rose more than US$ 3 billion in the week ended July 27 for the third week in a row to cross US$225 billion, suggesting the central bank bought dollars from the local currency market..
Reliance plans $14 b spend Reliance Industries Limited (RIL), on Saturday, announced its plan to embark on a massive US$12-14 billion investment programme in the next two to three years to carry out various exploration and production projects, apart from laying of 1,400-km East-West pipeline.
Nissan cars will sniff out drunks Japanese carmaker Nissan has unveiled new technology designed to detect whether a driver has been drinking. It includes odour sensors that monitor breath, detectors which analyse perspiration of the palms, and a camera that checks alertness by eye scan.
State Bank of India Chairman O.P. Bhatt (R) presents the first SBI Gold International Debit Card to actor Shreyas Talpade (L) during its launch function, in Mumbai on Saturday. PTI
Film actor Sanjay Dutt has been sentenced to six years in jail by the TADA court.
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