Search Results for: HDFC Bank

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Government to set up inflation target, RBI to implement: Chidambaram

New Delhi, March 07 (ANI): Union Finance Minister P Chidambaram asserted on Friday that the government has the right set up an inflation target while the Reserve Bank of India's (RBI) role is to implement the decision. The comment by Chidambaram comes after a RBI panel in January proposed moving to an inflation target of 4 percent in three years, with a 2 percent band on either side when setting monetary policy, sharply below current levels. The recommendation raised concerns about a potential clash with the traditionally more pro-growth finance ministry, which were further reinforced after RBI surprised investors in January by raising interest rates by a quarter percentage point, its third hike in five months. Chidambaram made it clear that parliament will set an inflation target and entrust the central bank to implement the propositions. Mar 7, 2014
bse-closes-points-405-92-up-on-march-7

BSE closes points 405.92 up on March 7

New Delhi, March 7 (ANI): Trading at the Bombay Stock Exchange today closed 405.92 points up to stand at 21,919.79. At the National Stock Exchange the Nifty closed 125.50 points up to stand at 6,526.65. Adani Enterprises Ltd. and DLF were among the top gainers of Group A with an increase of 10.13% and 9.87% along with Jaiprakash Associates Ltd. and Yes Bank with an increase of 9.76% and 8.63% respectively, while the top losers of Group A include Aurobindo Pharma Ltd. and Tech Mahindra with a decrease of 4.82% and 4.61% along with MCX and Dr Reddys Lab with a decrease of 3.74% and 3.59% at the close of the markets. The Auto sector is up 136.52 points at 12,721.44 while the banking sector is up 689.10 points at 13,567.23 and the realty sector is up 69.64 points at 1,359.57. The Indian currency is down 0.03% at Rs 61.09 per dollar. Mar 7, 2014
narendra-modi-is-making-false-promises-to-gain-vote-bank-mayawati

Narendra Modi is making false promises to gain vote bank: Mayawati

New Delhi/ Muzaffarpur, Mar 5 (ANI): Bahujan Samaj Party (BSP) Chief Mayawati criticised BJP’s prime ministerial candidate Narendra Modi and said he is fake and has been making false promises. Mayawati said Modi is lying by connecting himself to the backward class, only to lure people from the marginalized section and gain vote bank. She also said that her party would do anything to make sure that BJP and Modi do not come to power in the upcoming parliamentary elections. Stating that her party should not be considered weak with regard to the forthcoming elections, Mayawati said there is a possibility that her party might become the balance of power. Mar 5, 2014
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Supreme Court extends Subrata Roys police custody

New Delhi, March 04 (ANI): Sahara Group Chief Subrata Roy will remain in police custody till Tuesday next, when the case will be heard again, said Supreme Court. While ordering the custody of Roy, the court, however, clarified that it was not an order on contempt. Two more directors of the company, Ravi Shankar Dubey and Ashok Roy Chaudhary were also ordered to be taken into custody. The court said that it was not happy with the proposal of Sahara on refund of money as “they have not come up with any concrete proposal and bank guarantee.” Earlier, Roy apologised to the Supreme Court for his failure to comply with the order to appear before it. Mar 4, 2014
bse-closes-points-270-91-up-on-march-04

BSE closes points 270.91 up on March 04

New Delhi, March 04 (ANI): Trading at the Bombay Stock Exchange today closed 270.91 points up to stand at 21,217.56. At the National Stock Exchange the Nifty closed 76.50 points up to stand at 6,297.95. Hindalco Industries Ltd. and Tata Chemicals were among the top gainers of Group A with an increase of 8.25% and 8.10% along with Yes Bank and BOB with an increase of 6.15% and 5.85% respectively, while the top losers of Group A include Motherson Sumi Systems Ltd. and Glaxosmithkline Pharmaceuticals Ltd. with a decrease of 3.81% and 2.72% along with Sobha Developers Ltd. and JPPOWER with a decrease of 2.28% and 1.79% at the close of the markets. The Auto sector is up 156.41 points at 12,505.98 while the banking sector is up 56.41 points at 12,478.42 and the realty sector is up 15.03 points at 1,218.25. The Indian currency is up 0.15% at Rs 62.02 per dollar. Mar 4, 2014
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'Comedy Nights With Kapil' Not Going Off Air, Says Kapil Sharma

"Comedy Nights With Kapil," the comedy show hosted by popular comedian Kapil Sharma is under the scanner again. There have been rumours saying that the show is going to go off air, because of Kapil's hectic schedule for his debut movie, "Bank Chor". Mar 4, 2014
bse-closes-points-173-47-down-on-march-3

BSE closes points 173.47 down on March 3

New Delhi, March 3 (ANI): Trading at the Bombay Stock Exchange today closed 173.47 points down to stand at 20,925.22. At the National Stock Exchange the Nifty closed 55.50 points down to stand at 6,221.45. Sobha developers Ltd. and Federal Bank were among the top gainers of Group A with an increase of 8.86% and 3.78% along with Motherson Sumi Systems Ltd. and Adani Enterprises Ltd. with an increase of 3.75% and 3.74% respectively, while the top losers of Group A include JP POWER and HCL Tech with a decrease of 15.21% and 4.63% along with JSW ENERGY and Nestle India with a decrease of 3.87% and 3.85% at the close of the markets. The Auto sector is down 174.89 points at 12,423.84 while the banking sector is down 103.60 points at 12,180.67 and the realty sector is down 1.38 points at 1,202.12. The Indian currency is down 0.03% at Rs 62.04 per dollar. Mar 3, 2014
swiss-bank-refuse-to-share-account-holder-information-aap-calls-it-failure-of-govt

Swiss bank refuse to share account holder information, AAP calls it failure of govt

New Delhi, March 03 (ANI): After Swiss authorities refused to share information on bank account holders with the Indian government, AAP leader Ashutosh called it a ‘failure of the government’. Ashutosh said that if the bank is not cooperating, the government needs to put pressure on them and the ‘inefficient government’ is not doing so in the fear of getting trapped themselves. He also said that the country needs a strong government which is honest to bring the black money in foreign countries back to India. Mar 3, 2014
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BJP & RSS see Muslims as humans and not as vote bank: RSS

Nagpur, Mar 3 (ANI): The RSS plans to reach out to at least five crore Muslims before the Lok Sabha elections to help its affiliate the Bharatiya Janata Party assume power at the Centre. Speaking about the same, RSS campaigner Vijay Pachpore on Monday said that other parties see Muslims as vote bank but the BJP and the RSS see them as humans. He also added that the Muslims are now close to BJP. Mar 3, 2014
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PM announces new initiatives for faster development of MSME sector

New Delhi, March 02 (ANI): Prime Minister Manmohan Singh announced new initiatives by the central government to focus on the faster development of micro, small and medium enterprises (MSMEs) in the country. Focusing on skill development and promotion of new technologies, the MSME Ministry of India is setting up 15 new tool rooms with assistance from the World Bank. Singh added that the ministry has also taken steps to promote bilateral cooperation of the MSME sector in India with other countries for giving it additional exposure to international markets and foreign technologies. He requested the participation of private sector and civil societies for the success of these initiatives. Singh also threw light on the achievements of Prime Minister's Employment Generation Programme (PMEGP) which has created a staggering number of job opportunities. Mar 2, 2014
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