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Hindu Business Line
Weekly News Round up
Home Page - Economy Industry & Economy - Events State Bank of India has snipped interest rates by 25-50 basis points on deposits up to five years duration. This is the second time in as many months that it has cut term deposit rates. Full Article at Hindu Business Line
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GVK picks up stake in BIAL for Rs 485 cr Infra major GVK is acquiring Flughafen Zurich’s (also known as Unique) 12.2% stake in Bengaluru International Airport (BIAL) for Rs 485 crore. Full Article at Economic Times
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By Goran Mijuk ZURICH -- Adecco SA, the world's largest temporary-employment company, said Thursday that a pick-up in demand for blue-collar workers in the U.S. and France helped limit the drop in third-quarter net profit to 46%. Full Article at Wall Street Journal
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LONDON – World stock markets mostly fell Tuesday amid renewed concerns about the banking sector after Britain's Royal Bank of Scotland PLC got more government help and Switzerland's UBS AG booked another massive charge. Full Article at San Diego Union-Tribune
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‘Exit’ fever is gripping the RBI. It’s plainly uncomfortable with current monetary conditions — surplus liquidity in the banking system, low policy rates and lower inter-bank rates. Is there all to it? Full Article at Hindu Business Line
