Indian Economy

PM reviews current economic situation with industry leaders

PM reviews current economic situation with industry leadersNew Delhi, Mar 28: Prime Minister Dr. Manmohan Singh on Saturday reviewed the current economic situation with top industry leaders.

Dr. Singh sought their views on India''s stand at the G-20 summit for a way out of the global crisis.

The meeting was attended by Tata group head Ratan Tata, Aditya Birla group chairman Kumar Mangalam Birla, ICICI Managing Director and CEO K V Kamath, Essar Group''s Shashi Ruia and FICCI President Harsh Pati Singhania.

Grand Indian weddings lose glitter as economy slows down

Grand Indian weddings lose glitter as economy slows downNew Delhi - As housewives squeeze the rupee to manage shrinking household budgets and business executives opt for so-called recession-dining at modest hotels amid the economic downturn, the big fat Indian weddings that are characterized by extravagance are shedding much of the pomp and show.

IIM Lucknow concludes placement drive

IIM LucknowThe two week long placement drive at IIM Lucknow (IIM-L) concluded with moderate participation of firms across finance, real estate, media, general management and consulting firms.

Total of 105 companies made 284 offers to the 235 students with 25 students accepting pre-placement offers (PPOs) as per reports from the management institute.

Top recruiters included McKinsey & Co, The Boston Consulting Group, Proctor & Gamble, Hindustan Unilever Limited, TAS, HSBC, Axis Bank, ICICI Group, Deutsche Bank, American Express, Frost & Sullivan, Asian Paints, Alshaya, Cadbury, Johnson & Johnson, GlaxoSmithKline and Reckitt Benckiser.

RBI may revise key interest rate

Reserve Bank of IndiaThe Reserve Bank of India may again revise key interest rates by around 50 basis points in next couple of days at a time when inflation rate reduced to 0.44 per cent and country is moving toward deflation.

The significant decline in inflation gives enough room to Apex bank for interest rate revision in order to stimulate demand in the economy, facing the heat of global slowdown. However, the central bank is unlikely to revise cash reserve ratio and statutory liquid ration according to the officials of finance ministry.

SEBI panel for relaxed norms for derivative market

SEBI panel for relaxed norms for derivative marketMarket regulator Security and Exchange Board of India plans to introduce new derivative products like lower-value contracts on individual stocks in the domestic derivative market in a bid to encourage retail investors in the option and future market.

Inflation rates lowest at 0.44 per cent

Inflation rates lowest at 0.44 per centNew Delhi, Mar 19 : The rate of inflation for the week ended March 7 fell to historic low of 0.44 per cent, from 2.43 per cent a week earlier, government data showed on Thursday.

Inflation, as measured by the wholesale price index is down by 0.4 per cent to 226.7, as compared to 227.7 a week earlier, mainly due to high base effect.

The annual inflation rate during the corresponding week of the previous year was 7.78 per cent

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