Banks unlikely to cut lending, deposit rates now

	Banks unlikely to cut lending, deposit rates now The Reserve Bank of India's (RBI) decision to cut repo rate by 25 basis points is unlikely to persuade bankers in reducing their lending rates immediately as liquidity condition continues to remain tight. "The repo rate cut is not enough for banks to reduce ...
	Essar says court summons in 2G case 'shocking and surprising': full statement Essar Group said summons being issued to co-founder Ravi Ruia in the 2G case is 'shocking and surprising'. A Delhi court on Tuesday summoned Bharti Airtel chairman Sunil Bharti Mittal, and Asim Ghosh, former CEO of Vodafone Essar, along with the ...
	Ministerial panel's meet on SAIL disinvestment postponed amid political ... New Delhi: A crucial meeting of an inter-ministerial panel that was scheduled on Tuesday on disinvestment of government's 10.82 per cent stake in steel major SAIL has been deferred amid political developments. The meeting of Empowered Group of ...
	Cyprus Seeks Support for Deposit Tax Plan Cyprus's government is scrambling to garner support for a controversial draft bill that will tax deposits as part of an international €10 billion bailout plan but could raise less revenue than originally targeted, in a move that could put the country on a collision ...
	M&M resorts to plant shut down to clear tractors' inventory Auto major Mahindra & Mahindra on Tuesday said it will shut down its tractor plants at Jaipur and Rudrapur for five days and two days, respectively, next week due to inventory pile up amidst falling sales. In a filing to the BSE, the Mumbai-based firm said that, ...
	Montek Singh Ahluwalia says RBI could have done more to push growth Appreciating the RBI's decision to cut key interest rate by 0.25 per cent, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it could have given a more robust signal to the industry. "This (rate cut) is a signal and I have to say that it is in ...
	CAG says it wants to check propriety of RIL spending on KG-D6 Having suspended audit of Reliance Industries' spending on KG-D6 gas block, the CAG has said that it is not planning to a do a performance audit. NEW DELHI: Having suspended audit of Reliance Industries' spending on KG-D6 gas block, the CAG has said ...
	ShopClues raises third round of funding CHENNAI: ShopClues, an online marketplace has completed its third round of funding. The company had raised close to $10 million (Rs 54 crores) from Helion Venture Partners and Nexus Venture Partners. Nexus Venture Partners had previously led the ...
	Manappuram Finance stock tanks 20% Kerala-based Manappuram Finance stock plunged 19.94% today and remained there till the close of trade as investors raised apprehensions over the company's gold loan business. The company's stock on the Bombay Stock Exchange (BSE) was locked in ...
	Bank to pay Rs 88K to man for clearing forged cheque New Delhi, Mar 19 (PTI) Syndicate Bank has been directed by a consumer forum here to pay Rs 88,000 to a 70-year-old retired government servant for clearing a cheque having his forged signature and causing him a loss of Rs 68,000. Post your comments ...