Archive for January, 2009
RBI Third Quarter Review of the Monetary Policy – Impact Analysis by D&B
Macroeconomic & Monetary Developments
Monetary Policy Stance
· Area sown under rabi crops so far (up to 9-Jan-09) has been about 4.8% higher than a year-ago. The increase in rabi
sowing occurred in respect of all crops.
· Industrial activity decelerated during Apr-Nov 09, with the year-on-year expansion in Index of Industrial
Production (IIP) being 3.9% as against 9.2% during [...]
Gujarat CM Narendra Modi lays the foundation stone for CEAT’s Rs. 700 crore new radial tyre plant at Halol
Halol (Gujarat) : The foundation stone for tyre major CEAT Limited’s Rs 700 crore radial plant at Halol (located 40km from Baroda) was laid by the Gujarat Chief Minister, Mr. Narendra Modi. Also present at the function were RPG Enterprises chairman, Mr. Harsh Goenka, CEAT Managing Director Mr. Paras K Chowdhary, and CEAT VP – Sales [...]
New Presidential Era Begins With a New Cadillac Presidential Limousine
WASHINGTON – As Americans celebrate the inauguration of a new president of the United States next week, another new Cadillac will grace Pennsylvania Avenue to lead the proceedings. President Barack Obama will ride in an all-new Cadillac Presidential Limousine, continuing a long tradition of Cadillac limousines that have served many U.S. presidents.
“Cadillac is honored to [...]
The End of Satyam Saga: Raju quits
India’s fourth largest technology outsourcing companies, Hyderabad based Satyam Computers Ltd, on Wednesday admitted fraud and irregularities in its books and committing other grave corporate governance violations. Satyam Computer Chairman B. Ramalinga Raju admitted in his resignation submitted to the board.
The company issued a statement in this regards. Below is the text of the [...]
Indian Economy-Stimulus Package-II
Key highlights of 2nd stimulus package announced by Government of India.
a) RBI cuts key rates: The repo and reverse repo rates were slashed by 100 bps each while the CRR was slashed by 50 bps
b) The ‘all in cost’ ceiling on external commercial borrowing (ECB) would be removed, under the approval route of the RBI
c) [...]