Easing inflation good for prospective homebuyers

In a bid to prevent the inflation rate from going out of control, the Reserve Bank of India (RBI) adjusts its key policy rates.

Hiking the cash reserve ratio (CRR) and repo rates drain liquidity from the system and increase the cost of borrowing. In an inflationary economy, there is a general upward trend in the price movements of goods and services, often caused by an increase in the supply of money.

Read more: The Economic Times

uptown-clubhouse

The Clubhouse at Ireo Uptown, Sector 66, Gurgaon

Is the property market headed for a hard landing?

By Himadri Mayank (Senior Manager, Research, Jones Lang LaSalle India)

In 1959, Charles E Lindblom, the American political scientist, published a paper in the Public Administration Review – The Science of ‘Muddling Through’. In this, he contrasted what he called the ‘root method’ of decision-making with the ‘branch approach’.

The root method involves comprehensive evaluation of options in the light of defined objectives; whereas the branch method involves building up, step-by-step and by small degrees, from the current situation. Lindblom claimed that the root method was, in fact, not usable for complex policy questions. His verdict was that the practical individual must follow the branch approach – applying the science of muddling through.

Read more: The Economic Times

RBI’s big rate cut won’t spur housing market

Prospective home buyers in India are unlikely to even blink, let alone give a thought, to hinging their purchase decision on the 50 basis points (bps) rate cut announced by the Reserve Bank of India on Thursday.

The cut translates to a 3.2% decrease in a homebuyer’s equated monthly installment (EMI), which isn’t motivation enough to turn people from squirrels to squanderers. Besides, the rate easing comes after a 375 bps increase between March, 2010 and October, 2011.

Read more: The Economic Times

IT Sector

RPG-group promoted firm Zensar plans to grow to $ 1 billion by 2015-16

Zensar Technologies plans to enter the billion dollar club by crossing a $ 1 billion in revenues by 2016.
The RPG-group promoted IT services firm has earmarked $ 150 million for acquisitions during this period that will it build on to grow to a billion dollars from its current revenue of around $ 330 million for 2011-12, vice-chairman and managing director, Ganesh Natarajan said.

The firm’s largest acquistion of IT infrastructure management firm, Akibia, during the year has helped it grow, prompting it to explore other strategic acquisitions.

Read more: The Economic Times

Oracle sees strong demand for Exadata products in India

Technology giant Oracle said it is witnessing strong demand for its product ‘Exadata’, which helps companies reduce costs related to data centres, in the Indian market. The company also said that Exadata is the fastest growing product in Oracle’s business.

Oracle Exadata database machines are designed for data warehousing and transactional processing applications. It includes servers, storage, networking, and software.

Read more: The Economic Times

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