Burdened by rising inflation, the RBI has hiked the Cash Reserve Ratio by 50 basis points to 8% in two stages. The first 25 basis point CRR hike will be effective April 26. The second 25 basis point hike will take effect starting the May 10. This hike will drain Rs 18,500 crore from the system. This move follows liquidity management measures already taken by RBI after inflation surged past its threshold level of 5% in recent weeks. So far, nearly Rs 20,000 crore has been sucked out of the system through new bond auctions via the MSS window.
Apr 21, 2008
Experts differ on rate hike at April 29 RBI meet
Burdened by rising inflation, the RBI has hiked the Cash Reserve Ratio by 50 basis points to 8% in two stages. The first 25 basis point CRR hike will be effective April 26. The second 25 basis point hike will take effect starting the May 10. This hike will drain Rs 18,500 crore from the system. This move follows liquidity management measures already taken by RBI after inflation surged past its threshold level of 5% in recent weeks. So far, nearly Rs 20,000 crore has been sucked out of the system through new bond auctions via the MSS window.
Satyam Computer Services Results - Declares 2008 March ending Quarter Results
Satyam Computer Services net profit rose 17.85% to Rs 468.45 crore in Qtr End March of 2008 compared to Rs 397.50 crore during the same quarter Prev Yr 2007. Sales rose 35.71% to Rs 2319.38 crore in Qtr End March of 2008 compared to Rs 1709.03 crore during the same quarter Prev Yr 2007
Axis Bank Results- Declares 2008 March ending Quarter Results
Axis Bank net profit rose 70.56% to Rs 361.40 crore in Qtr End March of 2008 compared to Rs 211.89 crore during the same quarter Prev Yr 2007. Total operating income rose 47.46% to Rs 2015.43 crore in Qtr End March of 2008 compared to Rs 1366.77 crore during the same quarter Prev Yr 2007......
Apr 4, 2008
Inflation hits 3-yr high of 7%; brace up for CRR hike: Experts
Inflation for the weekended March 22 stands at 7% versus 6.68%. The market had estimated it at 6.52%. The vegetable prices are up 4.9% for the week-ended March 22, while the primary articles WPI (Wholesale Price Index) is 1.8% for the same week end. The minerals WPI is up 38.2%, while the metallic minerals WPI is up 42.8% for the week-ended March 22. http://www.avdhootinvestment.com
Apr 3, 2008
Mkts have good entry points; Apr-May crucial: UBS
Manishi Raychaudhuri, ED at UBS Securities, has a view that the month of April and May are going to be crucial for markets. He said that the risk appetite has come down a lot and market today is at 15x 1-year forward PE. http://www.avdhootinvestment.com
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