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Aabhas Pandya

Economy faces higher inflation for some more time, warns RBI

The survey slashed the GDP growth forecast for 2011-12 (April-March) to a more modest 8.2% from 8.5% earlier while the average inflation forecast was raised sharply to 7.5% from 6.6% earlier.
Section: Money  | Tuesday, May 3, 2011 3:00 IST

Lust for league table makes merchant banks crawl for PSU issues

They are chasing prestige, wide exposure to data and the sector’s nitty-gritties, and a headstart in meaty public issues.
Section: Money  | Tuesday, September 7, 2010 3:24 IST

Official says time ripe for ONGC stock split

State-owned Oil and Natural Gas Corp Ltd may announce a bonus issue or go in for a stock split ahead of its follow-on public offer which is likely by March, a senior government official said on Monday.
Section: Money  | Tuesday, September 7, 2010 3:19 IST

In Wikileak times, top RBI official turns loose cannon

Fires salvo (at North Block?), seeks aggressive rate hikes, freaks out Bond St.
Section: Money  | Friday, July 30, 2010 3:00 IST

Baby steps to half step leaves doves fuming, hawks craving

The Reserve Bank of India (RBI) governor Duvvuri Subbarao said he is depending heavily on the known unknowns: a good monsoon and softening commodity prices to help him meet the forecast.
Section: Money  | Wednesday, July 28, 2010 2:32 IST

RBI starts screen-based repo in two securities

The central bank has been bidding for the government in 11.30%, 2010 paper at Rs 110.53 or at a yield of 5.24%.
Section: Money  | Friday, June 25, 2010 5:03 IST

Indian Oil Corp Ltd Turkey plan put on backburner

Earlier, Indian Oil had announced its plan to set up a 15 million tonne integrated refinery-cum-petrochemicals complex at Ceyhan in Turkey at an investment of around $6 billion.
Section: Money  | Friday, June 18, 2010 2:48 IST

Finance secretary says growth impulse stable, but inflation sticky

Ashok Chawla, the finance secretary talks about double-digit inflation and tight liquidity, the Eurozone crisis and disinvestment.
Section: Money  | Thursday, June 17, 2010 2:26 IST

Will govt look at early retirement of bonds?

While banks are fretting about the cash crunch, the government is sweating over the deployment of the cash bonanza it received from sale of spectrum.
Section: Money  | Wednesday, June 16, 2010 2:22 IST

ONGC Videsh Ltd to buy 2 ‘producing’ assets

Indian oil refiners imported 114.5 million tonnes (mt) of crude oil during April-December, the first nine months of the current financial year, at a cost of Rs 2.60 lakh crore.
Section: Money  | Friday, March 19, 2010 2:26 IST
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