Experts differ on rate hike at April 29 RBI meet

Burdened by rising inflation, the RBI has hiked the Cash Reserve Ratio by 50 basis points to 8% in two stages. The first 25 basis point CRR hike will be effective April 26. The second 25 basis point hike will take effect starting the May 10. This hike will drain Rs 18,500 crore from the system. This move follows liquidity management measures already taken by RBI after inflation surged past its threshold level of 5% in recent weeks. So far, nearly Rs 20,000 crore has been sucked out of the system through new bond auctions via the MSS window.

Satyam Computer Services Results - Declares 2008 March ending Quarter Results

Satyam Computer Services net profit rose 17.85% to Rs 468.45 crore in Qtr End March of 2008 compared to Rs 397.50 crore during the same quarter Prev Yr 2007. Sales rose 35.71% to Rs 2319.38 crore in Qtr End March of 2008 compared to Rs 1709.03 crore during the same quarter Prev Yr 2007

Axis Bank Results- Declares 2008 March ending Quarter Results

Axis Bank net profit rose 70.56% to Rs 361.40 crore in Qtr End March of 2008 compared to Rs 211.89 crore during the same quarter Prev Yr 2007. Total operating income rose 47.46% to Rs 2015.43 crore in Qtr End March of 2008 compared to Rs 1366.77 crore during the same quarter Prev Yr 2007......