Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the Reserve Bank of India. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the
Tyre prices to rise 7% from May-June
April 21, 2010 by Leave a Comment
Due to the steep rise in natural rubber (NR) prices, tyre companies have decided to raise prices by 7 per cent across all categories. The rise may be effective from May-June.
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Hero Honda posts its best quarterly result
April 21, 2010 by Leave a Comment
Hero Honda Motors, the countrys largest two-wheeler manufacturer, today posted a net profit of Rs 598.8 crore in the fourth quarter of 2009-10, its highest to date, as compared to Rs 402.2 crore during the corresponding quarter of 2008-09,
Mahindra & Mahindra: Soured deal
April 21, 2010 by Leave a Comment
Despite the purchase of Renaults stake, the company is likely to face challenges in re-positioning the product.
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RBI survey pegs economic growth at 8.2%
April 21, 2010 by Leave a Comment
A Reserve Bank survey has projected the economy to grow by a higher 8.2 per cent in the current fiscal
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