RBI rate hike run may halt: Moodys The Reserve Bank of India (RBI) is likely to keep interest rates stable in the near term and may ease its monetary policy stance later in the year, a unit of rating agency Moodys has said.
AUTOMART / The companies are foxed on how to price and play in the new field
FINANCE / The biggest in the institutions 196-year history
Citi posts record $18 billion loss Citigroup Inc posted the biggest loss in the US banks 196-year history as surging defaults on home loans forced it to write down the value of subprime-mortgage investments by $18 billion.
KUWAIT, JAPAN COME TO AID
Merrill gets a big $6.6 b kiss of life Merrill Lynch & Co., battered by subprime mortgages losses, raised $6.6 billion by selling preferred shares to a group including Kuwaiti Investment Authority and Japans Mizuho Financial Group Inc.
MONEYMART / Plans to pump $250 million into the healthcare market
ICICI Ventures floats new i-Ven Medicare fund Indias leading private equity fund ICICI Ventures has floated a special company to invest $250 million in healthcare in the next three years, said a top company official.
There is a proposal to set up a commission for reorganisation of states. Is it desirable to have smaller states? Deccan Herald had invited its readers to comment on the topic. While some of the readers believe that it is good to have smaller states as it would help the government machinery to function effectively, others opine that the division of states would affect the already diminishing national unity and could only add troubles to the country.
