Is the RBI being irrationally exuberant?
The recent decision by the RBI to hike the cash reserve ratio by 50 basis points, following up on its tightening by 100 basis points in the short-term rates over the last 12 months, is somewhat surprising (inexplicable?).
The rationale: a concern that...
Mittal, President and Chief Executive of world's largest steel company Arcelor-Mittal, on Tuesday announced the donation to Labour Party, commending Prime Minister Tony Blair's record since he came to power in 1997.
"I am delighted that Mittal, who is one of the world's most successful...