More steps to soften prices soon, says RBI Reserve Bank of India (RBI) has hinted at more swift action to contain inflation, if there was no let up in price rise that is mainly driven by relentless increase in crude oil rates in the international market.
RBI move has hit expansion plans, rues India Inc India Inc, on Wednesday, expressed concerns that Reserve Bank of Indias steps, announced late evening on Tuesday, to tighten money supply further would have an impact on expansion plans of corporates.
Spice Tele to merge with Idea Cellular Idea Cellular, on Wednesday, announced that it will be acquiring BK Modis 40.8 per cent equity stake in Spice Communications at a price of Rs 77.30 per share. This roughly works out to a payout of Rs 2,176 crore.
IT biggies rule the service biz With continuing slump in the US market, top biggies like TCS, Infosys and Wipro continue to dominate the market and are gearing themselves to play in global levels, according to Forrester Research, an independent technology and market research company.
WTO sets July date to broker Doha deal World Trade Organization head Pascal Lamy is to invite ministers from 30 leading countries to a meeting here on July 21 to try to broker a final deal in the Doha round of trade talks, a diplomatic source said on Wednesday.
SEBI Chairman C.B. Bhave delivers his keynote address on 'Shaping up Regulations for Developing and Deepening Financial Markets' during the Asia Society Business Conference in New York on Tuesday. PTI
