Daily Newsletter | Thursday, December 08, 2016 | | Loans to be cheaper as RBI eases additional cash reserve ratio norm | Even as bond yields rose sharply following Reserve Bank of India’s decision to hold rates, bankers expect interest rates to ease as banks will be flush with liquidity for some time. Helping to bring down the cost of funds for banks will be the withdrawal of the 100% incremental cash reserve ratio requirement imposed on November 26. |
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'Let’s go home, I will give you the best tea' | After a condolence meeting at Apollo Hospitals, doctors, nurses and paramedics described how she was sometimes funny, usually cooperative, and occasionally difficult during her 75-day stay. |
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'Of 1,900 parties in India, 400 never fought polls' | Politics seems to be ingrained in Indians as the country has the largest number of political parties in the world, over 1,900 according to chief election commissioner Nasim Zaidi, but over 400 of them have never contested any election. |
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| | Apple slashes prices of iPhone 6s and iPhone 6s Plus by up to Rs 22,000 | Apple has announced biggest-ever price drop for its smartphones in India. Under the new pricing, iPhone 6S (128GB), carying an MRP of Rs 82,000, will now be available at an MRP of Rs 60,000. iPhone 6s Plus (128GB) will now be available at an MRP of Rs 70,000, the smartphone too has received a price cut of Rs 22,000. Apple's 4-inch smartphone iPhone SE, too has got a price cut. The 64GB version of iPhone SE will now be available at Rs 44,000. |
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| MCC not in favour of Tendulkar's suggestion of two pitches | "First class cricket is about playing competitive (cricket), challenging yourself. It (playing on two pitches) will be like lessening the importance of first class cricket. That is what the committee felt," said MCC's World Cricket Committee member Rameez Raja. |
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Virender Sehwag figures in his own favourites list | "I read my tweets and enjoy. I have entertained people so much, I also have a right. I have admired a lot of cricketers and I am also one of them. I am my own favourite," former Indian opener Virender Sehwag said. |
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| Note ban impact on GDP growth only 15 bps: RBI | The Reserve Bank attributed the 50-bps lowering in its GVA growth estimate to 7.1 per cent this fiscal year to the lower-than-expected expansion in the second quarter and not to demonetisation that has hurt consumption activity massively. |
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RBI policy status quo: Sensex loses 156 points | The Reserve Bank's decision to leave interest rates untouched caught the market by surprise as the SENSEX switched gear by reversing its two days of gains and cracked 156 points on Wednesday to close at 26,237. |
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| #NoMakeup Movement: Is Bollywood game for it? | A leading international fashion calendar made headlines after featuring top Hollywood actresses sans retouching. In the recent past, many international artistes have campaigned for positive body image by initiating the ‘no makeup movement’ on social media. BT speaks to Bollywood actors and photographers to find out how comfortable Indian celebs are about flaunting their beauty, minus the magical touch of their makeup artistes... |
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