It is expected that the RBI would continue with its monetary tightening policy in order to curb demand side pressures...We expect further hikes in the policy rates by RBI in the forthcoming policy review," D&B said in its report. In

The raids were conducted recently across Mumbai, Hyderabad, Bangalore, Nagpur and Pune, a Directorate General of Income Tax (Investigation) release said here. The search was conducted on July 9 and 10. "The search revealed that the Group had not filed

Speaking ahead of last-gasp talks here next week on a trade accord, Lamy said a deal could produce savings of some "50 billion dollars per year of duties foregone with existing trade flows and double this number 10 years from

The benchmark index plunged 654.32 points or nearly five per cent to settle at 12,676.19 points. Further, none of the Sensex stocks ended in the positive territory. The Bankex tumbled 462.52 points or 7.75 per cent to 5,508 points. HDFC

Treasury secretary Henry Paulson put the weight of the federal government behind Fannie Mae and Freddie Mac, the beleaguered companies that buys or finances almost half of the $12 trillion of US mortgages.

Despite a provision of Rs 225 crore, the new generation bank Axis Bank reported a net profit of Rs 330.14 crore for the first quarter portraying a growth of 88.67%, over the net profit of Rs 174.98 crore during the

The prospect of two state-owned oil-marketing firms, HPCL and BPCL, losing their navratna status on account of their gloomy financial performance has finally receded. Setting aside a proposal to divest them of their coveted status from April 1, 2009, the

After essential commodities like edible oil, cereals and other food items, it is the turn of staple items like chicken and eggs to get dearer

The delay in the merger of state-owned carriers Air India and Indian Airlines has cost the National Aviation Company of India Ltd (Nacil), dear, with the latter far from achieving any growth this year compared to revenues of Rs 5,360

Taste the World', says the line below the Spencer's brand display, may be justifiably so, because fresh and packaged food continues to bring in the biggest chunk of revenues for the RP Goenka-controlled retail major.

IFGL Refractories Ltd has completed its acquisition of Germany's Hofmann group, world leader in ceramic filters used in foundries, for Euro 7 mn.

During the quarter January-March, 2008, 666 proposals amounting to $ 4,635 million were cleared for investments abroad in JV and WOS, as against 549 proposals amounting to $7,115 million during the corresponding period of the previous year