NEWS TIME- Business & Economy: RBI may opt for status quo on interest rate For many reasons, the Reserve Bank of India’s forthcoming bi-monthly policy statement for 2014-15 will be unique. The idea to have a policy statement once in two months was mooted by the Urjit Patel Committee. The RBI is signalling acceptance of some of the recommendations, which do not involve discussion with the government. However, the core recommendations of the Committee’s report involving inflation targeting and shifting the monetary policy’s anchor to CPI (retail ) inflation, instead of WPI, will be implemented only after a consensus is reached. Indias forex reserves rise to $298.63 billion Indias foreign exchange (forex) reserves rose by USD 1.34 billion to USD 298.63 billion for the week ended March 21,Reserve Bank of India (RBI) data showed. This is the fourth consecutive week of increase in the countrys forex reserves as overseas investors poured in money in local bonds and stock markets. The forex reserves had jumped by USD 1.83 billion for the week ended March 14. Coca Cola tops most-powerful brands list Coca Cola has topped the list of worlds most popular brands list. CoreBrand’s analysis, which is the most powerful tech brand, has come out with the list of 100 most elite brands list for 2014. Apple was ranked in the 10th spot, which was the highest-ranking tech brand. Microsoft is at the 11th position, while Google, Yahoo, and Sony rank 26th, 28th and 31st, respectfully. Amazon was the biggest riser jumping 25 spots in one year. Sports: Djokovic beats Nadal to win fourth Miami title Novak Djokovic won his fourth career title at the Miami Masters with a 6—3, 6—3 defeat of top seed Rafael Nadal. The trophy comes in addition to titles in 2007, 2011, 2012 and marked the third win in a row in the series in which Djokovic now stands 18 wins and 22 defeats. The second seed also completed the March Masters 1000 title double, winning Indian Wells (over Roger Federer) and Miami. Hingis, Lisicki take Miami doubles title Martina Hingis shrugged off her 33 years to partner Sabine Lisicki to the Miami WTA doubles title in only the pairs second tournament together. The Swiss veteran and her German partner downed second seeded Russians Ekaterina Makarova and Elena Vesnina, 4-6, 6-4, 10-5. Hingis now has 38 WTA doubles titles to her name, having won 37 between 1995 and 2007. She is one of the greatest womens players of all-time, having won five Grand Slam singles titles. Hingis also claimed 43 WTA Tour singles crowns and was ranked No. 1 a number of times between 1997-2001. Anand ends campaign with a draw Having secured the title, Viswanathan Anand played out an easy 34-move draw against Peter Svidler to formally win the €600,000 World Candidates chess title at Khanty Mansisyk, Russia. Anand finished unbeaten in 14 rounds, aggregating 8.5 points after three wins and 11 draws. On a day when Sergey Karjakin pressed hard for a 94-move win against top seed Levon Aronian in seven hours to claim the runner-up spot, Shakhriyar Mamedyarov and Vladimir Kramnik drew in just 30 moves. Final standings: 1. Anand (8.5 points), 2. Karjakin (7.5), 3-5.Kramnik, Andreikin, Mamedyarov (7 each), 6. Aronian, Svilder (6.5each), 8. Topalov (6).
Posted on: Tue, 01 Apr 2014 05:55:44 +0000
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