Dec 26, 2012
Economy News 26-12
RBI may cut repo rate by 50 bps in Jan-Mar quarter: Citi
New Delhi | December 25, 2012 16:52 (IST)
According to a report, the positive surprises in the recent WPI inflation databoth headline and coreand likely ebbing of inflationary pressures may prompt the central bank to cut key interest growth in its next policy meet.
FDI won't come to Indian aviation till high costs prevail: IATA
Geneva, Switzerland | December 25, 2012 13:37 (IST)
Foreign airlines would not pick up stake in cash-strapped Indian carriers till steps are taken to stem the high costs of aviation operations in India, International Air Transport Association (IATA) chief Tony Tyler has said.
Natural gas price at $8 per unit? Rangarajan panel submits report
New Delhi | December 24, 2012 19:34 (IST)
The Rangarajan Committee is believed to have suggested a complex pricing formula that will lead to near doubling of natural gas price to about $8 per mmBtu.
RBI to infuse Rs. 8,000 crore into market via OMOs on Dec 28
Mumbai | December 24, 2012 19:27 (IST)
The Reserve Bank of India (RBI) today said it will pump in Rs. 8,000 crore in the market on December 28 by buying government securities to ease the liquidity situation.
FIIs pour $3.4 billion in December; inflows cross $23 billion in 2012
Mumbai | December 24, 2012 07:30 (IST)
Overseas investors have pumped in $3.4 billion in the Indian stock market so far this month, taking the total inflow for 2012 to a staggering $23 billion.
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