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RBI seeks tough entry norms for new banks 27 Aug 2013 | 07:19 pm
The Reserve Bank of India has pitched for "stringent" entry norms for new players while suggesting four-tier structure for the domestic banking industry.
India has to import 79% of crude oil: Govt 27 Aug 2013 | 06:43 pm
Petroleum Minister M Veerappa Moily has said that almost 79 per cent of India's crude oil requirements have to be imported.
'Food Bill fund outlay to hit fiscal deficit' 27 Aug 2013 | 05:52 pm
"Such a large outlay at this point in time would definitely have a negative impact on the fiscal deficit. This needs to be managed," CII President Kris Gopalakrishnan said.
More pressure in store for the rupee, warns Barclays 27 Aug 2013 | 04:51 pm
In a research report, the financial services firm said India is among those countries with "external vulnerabilities and questionable inflation targeting frameworks".
Oil PSUs combined Q1 losses at Rs 4,403 cr 27 Aug 2013 | 04:22 pm
State-run oil marketing companies have reported a combined loss of Rs 4,403 crore in the first quarter of the current financial year.
Keeping watch on NSEL development: Govt 27 Aug 2013 | 03:56 pm
The government has said it is keeping a close watch on the developments in crisis-ridden National Spot Exchange (NSEL) and will take action once reports of the two committees looking into the problems...
Gujarat plant delayed due to slowdown: Maruti 27 Aug 2013 | 03:29 pm
Maruti Suzuki India has said it will miss the target of commissioning its Gujarat plant due to the ongoing slowdown in the Indian automobile market.
Sebi raises penalty on Ponzi operators 27 Aug 2013 | 02:22 pm
Operators of illegal money-pooling schemes will soon face penalties of up to three times the profit made by them, against the current provision of a meagre fine of Rs 1 crore.
Rupee at new low of 102.45 against Pound 27 Aug 2013 | 01:50 pm
The Indian rupee slipped to a new all-time low of 102.45 against the British Pound, as the Indian currency ended its two-day recovery amid fresh concerns over foreign capital outflows and weak equity ...
IDFC scrip falls on change in holding cap 27 Aug 2013 | 01:41 pm
Shares of IDFC extended losses for the second day, plummeting over 12 per cent as the company's ceiling limit of its overall foreign shareholding has been reduced to 54 per cent from 74 per cent earli...
