Wednesday, June 25, 2008

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Quick buck: Growth of millionaires in India fastest
    RECORD RICH: Mukesh Ambani, India's richest man and a millionaire several times over.India added 23,000 millionaires in dollar terms last year.
RBI hikes rates, banks may follow suit
    SPIRALING HIGH: With RBI hiking rates, other banks may follow suit and hike interest rates.With RBI hiking rates, banks may be following suit anytime now.
OPEC Prez blames oil price hike on US subprime crisis
    BLAMING US: During the US subprime crisis in August, banks became fearful of lending to each other.The OPEC President insists oil producers see no need to raise supply.
IT's raining money, Infosys tops appraisal charts
    MAKING BIG BUCKS: The pay of the top three non-promoter executives at Infosys technologies increased by 49 pc.While Infy hiked pays by up to 100 pc, Wipro and TCS were less generous.
RBI hikes rates | Banks may follow suit
    RBI HIKE: With fuel prices too refusing to cool down, most analysts were prepared for the hike.RBI has hiked the two key interest rates in order to curb inflation.
Travel sector on downward trend, woos tourists
    OUT OF SORTS: Tourism boards are going all out to woo the Indian traveller.Tourist flow from India to Singapore fell by 50 pc this year.

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