Runaway inflation coupled with monetary tightening by the Reserve Bank could lead to higher interest rates on both the lending and deposit sides, top bankers said.

"We are awaiting signals from the RBI, there is no doubt about a rate hike... the only questions are the quantum of increase and their timing," IDBI Bank chairman and managing director Mr Yogesh Agarwal, said.

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Cricket officials have moved quickly to avoid another abandoned game in England’s one-day series with New Zealand by amending the rules to allow for a shorter interval between innings.

The second of the five-match series was declared a no result on Wednesday at Edgbaston because of persistent rain.

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Decks have been cleared for inviting global tenders for the pre-feasibility study of a high-speed train on the Pune-Ahmedabad-Mumbai route.

At present, the 660-km-long distance between Pune and Ahmedabad is covered by an overnight journey. The proposed train, expected to run at 300 km per hour on a dedicated fast track, will cut the travel time between the two cities by nearly half.

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