25 Oct '11, 11am

India hikes rates again, sees slowdown

India hikes rates again, sees slowdown

MUMBAI: India's inflation-fighting central bank on Tuesday raised interest rates by a quarter-point, the 13th hike since March last year, while warning of a further economic slowdown this year. The rise in borrowing costs is likely to infuriate business leaders, who are already worried about growing signs of slackening domestic demand in Asia's third-largest economy. But the Reserve Bank of India said it may be the last rate hike this year. "The likelihood of a rate action in the December mid-quarter review is relatively low," RBI Governor Duvvuri Subbarao said in a statement on the bank's website. "If the inflation trajectory conforms to our projections, further rate hikes may not be warranted." The latest rise of 25 basis points takes the RBI's repo rate at which it lends to commercial banks to 8.50 percent and increases the reverse repo -- the rate it pays banks for dep...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

Tweets

College Dropout rates in the US

aaronpeng.org 25 Oct '11, 5am

College Dropout rates in the US Aaron Posted in October 25th, 2011 Published in Special reviews Add to Delicious Digg it E...

Veeco's Q3 growth suppressed by slowdown in TV ...

semiconductor-today.com 27 Oct '11, 1am

“Our current expectation is [MOCVD] orders will remain depressed for a few quarters,” notes Peeler. “While there are many ...

Wind Energy Driving Down Consumer Electric Rates

Wind Energy Driving Down Consumer Electric Rates

cleantechnica.com 25 Oct '11, 5pm

The U.S. industry during the third quarter installed 1,204 megawatts (MW) of electrical generating capacity versus 671 MW ...

Lonza sees growth on pharma outsourcing

singaporestocks.com.sg 28 Oct '11, 10am

ZURICH – Swiss drugs industry supplier Lonza is set to grow underlying sales and operating profit this year despite the st...

Solar Sees Growth In Jobs As Well As Installations

Solar Sees Growth In Jobs As Well As Installations

getsolar.com 25 Oct '11, 7pm

Solar Sees Growth In Jobs As Well As Installations Tuesday, October 25th 2011 12:51 PM By GetSolar Staff. Solar power has ...

India set to raise key rates

India set to raise key rates

channelnewsasia.com 22 Oct '11, 5am

NEW DELHI: India's central bank is set to raise interest rates for the 13th consecutive time this week in a bid to tame ne...

"Bike Sharing Comes to India" - @TreeHugger features #Unreasonable2011 Venture @cyclechalao:

"Bike Sharing Comes to India" - @TreeHugger fea...

treehugger.com 24 Oct '11, 2pm

Cycle Chalao! /CC BY 1.0 Raj Janagam was growing frustrated with the lack of transportation methods in India for commuting...

TSMC R&D chief sees 10 more years of scaling-> via @ee_times

TSMC R&D chief sees 10 more years of scaling-> ...

eetimes.com 25 Oct '11, 7pm

TSMC's R&D chief sees 10 years of scaling DylanMcGrath 10/25/2011 2:45 PM EDT SANTA CLARA, Calif.—The path is clear for co...

POWERGEN India / Renewable Energy World India /...

renewableenergyworld.com 01 Nov '11, 4pm

Under the theme Switching on India's POWER, GREEN POWER & HYDRO POWER Future and spanning over three days and six tracks, ...