Bank of Baroda, HDFC cut PLR; other banks, FIs to follow suit soon
Banks and FIs are all set to reduce their PLR and deposit rates in response to a 50 basis points (bps) cut in the bank rate to 7% by the RBI.

Sinha's Budget full of political fineprint
The smart market rally immediately after his speech bears testimony to the fact that he has got the broad positive message of reforms across though the markets can be notoriously short-sighted when judging budgets.

Govt accused of fraud in Balco deal
The Opposition charged the government in the Lok Sabha on Thursday with perpetrating a "fraud" on the nation by selling its equity in the BALCO at a low price in a "clandestine" manner and demanded a JPC probe into the "scam".


  Birla Sun Life to sell insurance suite through Citibank retail network
  Bond market sees volatile trading, loses early gains
  RBI appoints two executive directors
  ING Vysya Life Insurance gets in-principle approval
  Budget has let us down, feels capital goods sector
  ITW Signode India to launch new products, step up exports
  Corporate surcharge reduction to benefit PSUs in power, petroleum
  Rating agency selects Rajvilas Oberoi as India's best hotel
  Countervailing duty on MRP for imports lifts SSI spirits
  Budget proposals disappoint shipping industry
  Hijack threat delays A-I flight
  Focus on key areas a welcome sign
  Tax sops likely to boost retail market
  Port sector greets CVD removal, tax holiday
  Shell, Reliance, IOC in race for IBP
  Car firms may import top-end models
  Opposition motion on Balco deal defeated in Lok Sabha
  White paper on govt's economic policies sought
  Central aid for SEBs showing profit in two years
  Poor procurement system led to reforms in food sector
  Divestment proceeds must go to meet capital expenditure -- industry leaders
  `SEBs privatisation not to solve power crisis'
  VAT system for service sector likely
  Bank rate reduced by 50 bps to 7 per cent; PLRs set to dip
  Exports rise 24 per cent in January
  MoF to merge three divisions
  ITC arm launches counter bid for VST at Rs 115 per share
  Budget blues come in many colours
  Market round-up
  Executive Briefing
  More good than bad news for cement
  Viewpoint
  Comment
  Local resistance casts shadow on alumina projects in Orissa