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Home loans and auto financing from public sector State Bank of India would be dearer as the lender has decided to hike interest rates by 50 basis points on all credit linked to prime lending rates.
Speaking at a function in Ghaziabad, State Bank Chairman-cum-Managing Director O P Bhatt said the bank has decided to [...]

Indian shares fell 2.5 per cent on Monday to post their biggest monthly loss in 16 years, as political uncertainty and soaring oil prices took their toll on investor sentiment.
The top-30 BSE index dropped to its lowest close in more than 14 months, and registered its second quarterly fall in a row that took [...]

Soaring inflation and high interest rates are expected to take a toll on the Indian economy, which is expected to witness a growth rate of 7.5 per cent this financial year against 9 per cent in 2007-08, according to Germany based Dresdner Bank.
“For this fiscal year, we now expect GDP growth of only 7.5 [...]

India has regained its position as the number one import source for Bangladesh, beating China, in the first nine months of the financial year ending June 30, official figures said.
This is mainly due to large-scale imports of rice and onion from India after Bangladesh faced a series of natural calamities last year.
[...]

Oil Prices rose to a record high levels close to $142 a barrel on Friday. Analysts have cited an inflow of investor funds as a factor behind the dramatic rise in prices.
“I predict probably prices of USD 150 to 170 this summer. It (the market) will probably fall a bit towards the [...]

Government said on Wednesday that the country’s economic growth outlook was “positive” despite a fresh round of monetary tightening by the central bank to tackle high inflation.
“These steps are necessary in the face of rising inflation due to relentless increase in crude oil prices,” the finance ministry statement said, adding the Reserve Bank [...]

The turmoil in the world economic markets is unlikely to have a major effect on India’s economy, which is currently at 9 per cent level, Confederation of Indian Industry’s President K V Kamath has asserted.
In his keynote address to a conference on investment in India, organized by CII in collaboration with the Asia Society here [...]

The rate of inflation has soared into the double digits. This has set alarm bells ringing. News channels beam the bad news into homes through the day and this creates a pervasive sense of gloom. Double digit inflation has been associated with the collapse of economic growth. Many wonder whether the present bout of inflation [...]

With no change in the US economic situation and fresh IT investments by clients on hold, the weakening rupee is the only focus point for investors in IT stocks. While this has provided a breather, it has not made a significant difference to company outlook. In the last three months, the rupee has weakened more [...]

Annual inflation rate is expected to have jumped to a fresh 13-year high in mid-June as the effect of higher fuel prices spread to the broader economy, a poll showed on Thursday.
The wholesale price index is forecast to have risen to 11.18 per cent in the 12 months to June 14, which would [...]

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