Mr. Rohit Gadia- Founder and CEO, CapitalVia Global Research Limited RBI announced the Bi monthly policy review today on June 3rd, 2014; As expected it maintained the status quo stance on key policy rates. Repo Rate remained unchanged at 8% , Reverse Repo Rate unchanged at 7.00% and CRR unchanged at 4%. While it reduced SLR by […]
The Supreme Court is likely to pronounce on Wednesday its verdict on a plea of jailed Sahara Group chief Subrata Roy seeking modification of an earlier order asking him to pay Rs 5,000 crore in cash besides a bank guarantee of an equivalent amount for securing his release. A bench of justices T S Thakur […]
The BSE benchmark Sensex rose by 173 points to close at all-time high level on buying in metal, oil & gas and power stocks as RBI injected liquidity into the markets while keeping key rates unchanged. The 30-share barometer spurted by 173.74 points, or 0.70 per cent, to close at record 24,858.59 points, surpassing previous […]
The inter-ministerial group on coal blocks is likely to meet next week on the issue of bank guarantees related to 61 mines allocated to companies such as ArcelorMittal, Tata Steel and Jindal Steel and Power. It will be the IMG’s first meeting since the new government has taken charge last month after the general elections. […]
Petrochemical investment regions in the country have so far received about Rs 1.50 lakh crore by big players including IOCL, ONGC and Gail. A Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) is a delineated area of around 250 sq km for setting up manufacturing facilities for domestic and export led production. In March 2007, […]
The Reserve Bank of India left its benchmark lending rate unchanged on Tuesday, taking a break from a recent string of rate increases, to gauge whether the country’s high inflation rates are easing back to acceptable levels. The RBI kept its key overnight lending rate, which it had raised at three of the previous four […]
The benchmark BSE Sensex rose over 70 points in early trade on Tuesday as funds and investors made fresh buying ahead of the RBI’s bi-monthly policy review. The 30-share barometer gained 70.89 points, or 0.29 per cent, to 24,755.74 with stocks of consumer durables, metals, IT, realty, oil and gas and power sectors leading the […]
R K Malhotra, Director (R&D) at Indian Oil Corp (IOC), has been given additional charge as Chairman of the nation’s largest company as appointment of a regular head has been delayed. R S Butola retired as Chairman of IOC on Saturday but the appointment of his successor B Ashok, who was selected by government […]
Jet fuel prices have been cut by 1.8 per cent and rates of non-subsidised cooking gas (LPG) by Rs 23.50 per cylinder after the rupee’s appreciation lowered import costs. The price of jet fuel, also known as aviation turbine fuel (ATF), at Delhi was cut by Rs 1,285.89 per kilolitre, or 1.81 per cent, to […]
State-run steel maker SAIL registered a growth rate of 11 per cent in sales at 1.06 million tonnes (MT) in May this year. The steel giant had registered sales at 0.96 MT in the same month last year. “Rise in exports was to the tune of 76 per cent on a y-o-y basis during the […]
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