ICICI - Interest rate to dip 4-5pc by July
Rate of are set to fall by up to five percentage points in the next six months as inflation is moving towards zero level, a situation that will make India a low-cost economy and a winner globally, ICICI Bank CEO and Managing Director K V Kamath said.
"All I can say is that four-to-five percentage point’s correction in interest rates...
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Railways plan to offer discounted tickets on certain routes
To promote less popular trains, Indian Railways is finalising a plan to offer discounted tickets on certain routes while a fixed number of tickets will be offered on discounted rates in First Class AC, Second Class AC and AC three-tier in certain trains identified as less popular.
Though dubbed...
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Punjab National Bank slashes interest rates on non-resident deposits
PNB announced a cut in interest rate on Foreign Currency Non- Resident deposit schemes for dollar, British pound and euro effective from 1st January.
The interest rate on US dollar deposits has been slashed to 3 percent for a maturity...
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UPA government contributed to the economic growth
Congress claimed that the fundamentals of the Indian economy are strong and the ruling UPA government contributed to the economic growth on all fronts in the past over four and a half years of its rule.
Doling out statistics to support the contention...
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Reliance Communication offered free talk-time worth Rs 900
Anil Ambani-led Reliance Communication launched GSM services in Mumbai and offered free talk-time worth Rs 900 spread over three months.
"New subscribers would get Rs 10 talk-time every day for the first 90 days...
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Fog disrupted operations at the Indira Gandhi Airport
Fog once again disrupted operations at the Indira Gandhi Airport (IGI) in New Delhi with 15 flights, both from domestic and international carriers, delayed while 10 others are cancelled.
The general visibility dropped to 50 metres and the runway...
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