India Stocks, Stock Market and Business News Round up - 15 Apr 2008

FIIs three-times more bullish than promoters
Sify.com Yesterday at 8:16 PM

It is the 'heavy selling' by FIIs being blamed squarely for meltdown at Dalal Street, but if their market activity patterns are to be believed, overseas investors seem to be over three times more confident than India Inc itself regarding the market's future growth.


Banks may hike lending rates if RBI hikes CRR
Sify.comYesterday at 8:13 PM

Top Bankers today said the lending rates may go up by upto 0.5 per cent after RBI's credit policy on April 29, which may hike CRR by upto 0.5 per cent to contain inflation.

US financial crisis not to derail India growth story: Soros
Sify.comYesterday at 7:24 PM

Showering praise on Prime Minister Manmohan Singh-led reform process and Ambani brothers for their contributions to Indian economy, legendary investor George Soros has said that the US financial crisis would not have much impact on the country's growth story.

Stainless steel supply sufficient: ISSDA
Sify.comYesterday at 6:42 PM

Amid concerns that the government may curb exports to contain rising inflation, stainless steel makers today said there is no dearth of the commodity in India and as such they should not be treated at par with carbon steel industry which is facing flak for raising prices.

IOC losing Rs 320 crore per day
rediff.comYesterday at 8:48 PM

Indian Oil Corp, the nation's largest oil firm, today said it is losing Rs 320 crore (Rs 3.20 billion) a day on fuel sales and may see future projects getting impacted if the current situations continues in 2009. "We are losing about Rs 320 crore a day on sale of petrol, diesel, domestic LPG and PDS kerosene," IOC Chairman Sarthak Behuria told reporters on the sidelines of 5th Asia Gas Partnership Summit in New Delhi.

Interest rates may rise after April 29
rediff.comYesterday at 8:48 PM

Bankers have said that lending rates could go up to 0.5 per cent after the Reserve Bank's annual credit policy, which is widely expected to take stringent monetary measures to contain price rise. Many expect the central bank to effect a hike in cash reserve ratio (CRR), the rate of amount all commercial banks need to keep with the Reserve Bank, in its annual credit policy on April 29. Many banks, including SBI, had revised their lending rates downwards early this year.


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