Hikes CRR by 50 bps; keeps key interest rates untouched
RBI throws cold water on bankers' CRR hopes The Reserve Bank of India (RBI), on Tuesday, raised banks' reserve requirements to absorb inflation-fuelling excess cash stemming from capital inflows.
FM BACKS THE MOVE "RBI's mid-term monetary policy is more or less a continuation of its policy announced last time. But at the same time it has realised that there is excess liquidity in the money market and accordingly raised the requirement for banks to keep cash with the central bank by 0.5 per cent," Finance Minister P Chidambaram said.
Teams up with Satyam
Cisco opens new centre Cisco, on Tuesday, announced its global collaboration with Satyam Computer Services for integrated health management solutions for global markets.
IN SEVERAL VARIANTS
Hyundai i10 rollout today Hyundai Motors India is launching its new car i10 on Wednesday in Delhi and in Mumbai simultaneously.
Eyes 15 mega IT deals worth $100 m
Infosys shifts sights towards Indian mart Infosys is pursuing 15 mega IT deals - each worth more than $100 million - some of which it expects to clos within next eight to ten months.
With the Left parties rejecting any compromise on the nuclear deal with the United States, should the UPA government dump the deal and move ahead? Deccan Herald invited its readers to express their views on the subject. Many readers were of the opinion that the UPA government should ignore the Left’s objections and go ahead with the deal. However, some others held that the Left’s concerns were justified and opposed the deal.
