Business

A top RBI official on Monday snubbed SBI Chairman Pratip K Chaudhuri for his remarks suggesting abolition of CRR.

Eurozone, which is going through a sovereign debt crisis, has badly hit global financial system, creating instability.

The BSE Sensex rose 1.1 per cent to 17,884.10 points, its highest close since March 14.

The comments came just a day after Tata Steel reporting a 89 per cent plunge in its June quarter net profit to Rs 598 crore.

The company's total income rose to Rs 18,615 crore in 2011-12, from Rs 10,210 crore.

The EGoM meeting was deferred due to the delay of Telecom Minister Kapil Sibal's flight from Chandigarh.

IAOP is the global, standard-setting organisation and advocate for the outsourcing profession.

RBI Governor D Subbarao said headline inflation will definitely have a larger momentum than core inflation.

Shares in Tata Consultancy Services were up 2.3 per cent on Friday after its quarterly profit exceeded forecasts.

A higher opening in the local equity market and selling of dollar by exporters also supported the rupee.

Top software services provider Tata Consultancy Services reported slightly better-than-expected results for April-June.

TCS CEO Natarajan Chandrasekaran said they would continue to see good demand from global corporations.

Ahluwalia said even 8 per cent growth would not be easy to achieve given the deteriorating global economic situation.

Men and women who are willing to join IAF have, till July 9, to apply for positions of commissioned officers.

Sources say some more engineers are in the process of bidding good bye due to non-payment of salaries.

According to a report, the world order of wealth markets is witnessing a tilt towards emerging economies.