Executive Wrap: RBI, Tata-Singapore Airlines & US Fed dominate news

RBI hikes repo rate to 7.5%, reduces MSF rate to 9.5% The Reserve Bank of India Governor Raghuram Rajan shocked investors by raising the key repo rate by a quarter point to fight inflation. read more AirAsia's India partner opposes Tata-Singapore Airlines joint venture The Tata group’s joint venture with Singapore Airlines to set up a full-service carrier in India appeared to have flown into an air pocket. EMIs for home, car loans set to go up The festive season may not hold much cheer for those planning to buy a home or a car, thanks to Rajan's unexpected move to raise repo rate.

Editor's Pick How Fabindia's biz model has become an inspiration As India modernises rapidly, it is also giving rise to numerous startups serving as a link between markets & artisans preserving traditional crafts. Nilekani 3.0: From entrepreneur to a change initiator What is not clear in Nilekani’s case - and this is not in his hands alone - is the shape this greater political participation could take. How Kochhar saved ICICI Bank from Lehman crisis The bank’s aim is to protect what it has achieved over the past few years, even if it means just boring banking. Why IITs fared so badly in world university rankings “IITs are much better than what the rankings suggest, but they are too arrogant to participate and give data,” said TV Mohandas Pai.

Most Popular This Week NRIs and foreigners can’t leave the country with rupee Bikaner’s bhujia empire: How Agarwal family runs Rs 5,000 cr business How Team Air Asia led by Mittu Chandilya is readying for take off iGate to pay $1.3 million plus bonus to its new CEO Ashok Vemuri 10 ways in which you can negotiate your salary

Story of The Week Money train from US Fed still on track: India, Indonesia to benefit most EMs including India should benefit from the Fed's decision to continue with its $85-bn monthly bond-buying program, says HSBC. read more

Money Hidden fees: Biggest culprits that are eating into your spending budgets Service providers take customers for a ride by tacking on hidden fees to the advertised price. Improve your finances in these nine simple steps Are you too busy to make investments or review your finances? Overcome this hurdle by adopting these simple measures that can result in immediate benefits.

Stock Round Up Sensex crashes 382 points on repo rate hike, but FIIs turn bullish Foreign institutional investors, taking a contrarian call, bought shares worth Rs 945 cr on Friday, according to data available with the exchanges.

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