The Reserve Bank of India s (RBI) Monetary Policy Committee (MPC) member, Jayanth R Varma, has stated that inflation readings for the next few months are likely to remain above the RBI s tolerance band of 2-6%. Varma warned against declaring victory based on a couple of months inflation data and expressed discomfort with the self-congratulatory tone of the MPC statement. However, Varma believes there is no need to panic and that the trajectory of inflation over the next few quarters will provide a clearer picture.
India Business News: MUMBAI: Prem Watsa-backed Thomas Cook, the largest non-bank forex provider, is expected to double its student forex business given the surge in offsho.
Uniindia: New Delhi, June 7 (UNI) The booming Indian cinema business is today ruled by a new league of young and talented stars who are dazzling audiences with their exceptional talent and range.