RIL to invest Rs.1 trillion in five years: Mukesh Ambani
June 7th, 2012 - 5:01 pm ICT by IANS
Mumbai, June 7 (IANS) Reliance Industries Limited (RIL) plans to invest nearly Rs.1 trillion ($18 billion) on expansion of its retail, petrochemical and telecom businesses in India over the next ... Read more...
Posted in Business |
India’s quarterly growth retards to two-year low (Roundup)
November 30th, 2011 - 7:02 pm ICT by IANS
New Delhi, Nov 30 (IANS) In line with fears voiced by India Inc, the country's economic growth retarded to the slowest pace in two years, at 6.9 percent for ... Read more...
Posted in Uncategorized |
Hiring lower in India Inc: Survey
October 19th, 2011 - 8:19 pm ICT by IANS
Chennai, Oct 19 (IANS) Barring the pharmaceutical and energy sectors, hiring in all other major industries is going to be subdued with a shortfall of 229,500 fresh jobs as compared ... Read more...
Posted in Uncategorized |
Singapore central bank eases monetary policy
October 14th, 2011 - 3:37 pm ICT by IANS
Singapore, Oct 14 (IANS) The Monetary Authority of Singapore eased its monetary policy Friday after a six-monthly review.It will continue with the policy of "a modest and gradual appreciation" of ... Read more...
Posted in Business |
Highlights of Indian central bank’s monetary policy update
July 26th, 2011 - 1:25 pm ICT by IANS
Mumbai, July 26 (IANS) Following are the highlights of monetary policy update conducted by Reserve Bank of India (RBI) Governor D. Subbarao that saw key rates hiked by a steep ... Read more...
Posted in Business |
China’s rich snap up homes overseas
June 21st, 2011 - 4:18 pm ICT by IANS
Beijing, June 21 (IANS) An increasing number of China's rich are snapping up properties overseas, the China Daily said Tuesday.This is being done in the expectation that domestic inflation will ... Read more...
Posted in Business |
Auto, home loans to get costlier as RBI hikes rate again (Roundup)
June 16th, 2011 - 8:47 pm ICT by IANS
Mumbai, June 16 (IANS) Auto and home loans are set to get costlier as the Reserve bank of India (EBI) Thursday hiked short term lending rates by 25 basis ... Read more...
Posted in Business |
Highlights of mid-quarter review of RBI monetary policy
June 16th, 2011 - 2:58 pm ICT by IANS
Mumbai, June 16 (IANS) Following are the highlights of the mid-quarter review of the monetary policy by the Reserve Bank of India Thursday:-- Repo rate hiked by 50 basis points ... Read more...
Posted in Business |
Duel with inflation continues, RBI hikes rate again, signals more (Lead)
June 16th, 2011 - 2:15 pm ICT by IANS
Mumbai, June 16 (IANS) Auto and home loans are set to get costlier as India's central bank Thursday hiked short term lending rates by 25 basis points in a bid ... Read more...
Posted in Business |
Middle East events may push oil prices, inflation: Mukherjee (Lead)
March 22nd, 2011 - 5:17 pm ICT by IANS
New Delhi, March 22 (IANS) Finance Minister Pranab Mukherjee Tuesday warned of a spike in global fuel prices and domestic inflation as a result of the political uncertainties in ... Read more...
Posted in Business |
Indian equities sink on worries over Japan disaster
March 15th, 2011 - 11:23 am ICT by IANS
Mumbai, March 15 (IANS) Indian equities took a major hit Tuesday on worries over the fallout of the devastating earthquake in Japan that has led to explosions at three ... Read more...
Posted in Business |
Food prices to ease with rains, says RBI Deputy Governor
August 6th, 2010 - 7:35 pm ICT by IANS
Chennai, Aug 6 (IANS) The Reserve Bank of India (RBI) has taken measures to tackle inflation and expects food inflation to subside with good monsoon rains, a deputy governor of the ... Read more...
Posted in Business |
Pranab Mukherjee looks to promising financial year
February 27th, 2010 - 11:23 pm ICT by ANI
New Delhi, Feb 27(ANI): Union Finance Minister Pranab Mukherjee on Saturday admitted that the last two years have been tough for the country's economy, as he inaugurated 82nd annual session of ... Read more...
Posted in National |
US reports lowest inflation in 50 years
January 16th, 2009 - 10:32 pm ICT by IANS
Washington, Jan 16 (DPA) The US government figures released Friday showed that domestic inflation for 2008 was 0.1 percent, the lowest figure in more than 50 years.The US Labour Department said that ... Read more...
Posted in World |
Corporate heads see economic growth sliding to 7.6 percent
July 25th, 2008 - 7:08 pm ICT by IANS
New Delhi, July 25 (IANS) Indian business leaders feel economic growth in 2008-09 will not surpass 7.6 percent, a survey report released by an apex Indian industry body Friday said. Giving the ... Read more...
Posted in Business |
Will Olympics become a watershed in China’s economy?
July 20th, 2008 - 2:39 pm ICT by IANS
By Lin Jianyang and Xu Xingtang
Beijing, July 20 (Xinhua) Amid falling exports and plummeting share prices, many in China are asking whether the country's economy would slip into recession after the Olympic ... Read more...
Posted in Sports |
China’s economy set to cool, official index indicates
July 1st, 2008 - 10:45 pm ICT by IANS
Xinhua
Beijing, July 1 (Xinhua) China's economy had been slowed to expand at a more desirable and moderate rate for the five months till May, the national statistics agency said Tuesday citing an ... Read more...
Posted in Business |
Indian shares extend fall to more than four per cent
June 27th, 2008 - 6:46 pm ICT by ANI
Mumbai, June 27 (ANI): Indian shares extended losses to more than four per cent this morning, tracking sharply weaker global markets and weighed down by expectation that domestic inflation would remain ... Read more...
Posted in Business |
Arresting inflation will take time, we must have patience: PM
May 18th, 2008 - 12:21 am ICT by admin
By Ashok Dixit
Bagdogra (West Bengal), May 17 (ANI): Prime Minister Dr. Manmohan Singh on Saturday accepted that inflation in the country was a matter of concern, and reiterated that his government ... Read more...
Posted in National |
Chidambaram asks people to have patience on inflation
May 2nd, 2008 - 5:37 pm ICT by admin
Bangalore, May 2 (ANI): Union Finance Minister P Chidambaram today assured the nation that the prices would come down and inflation would be brought under control.After addressing the members of Federation ... Read more...
Posted in Life Style |
RBI hikes CRR to 8.25 percent, keeps key interest rates unchanged
April 29th, 2008 - 3:29 pm ICT by admin
Mumbai, Apr 29 (ANI): The Reserve Bank of India (RBI) today hiked the Credit Reserve Ratio (CRR) by 25 basis points to 8.25 per cent with effect from May 24 and ... Read more...
Posted in Health Science |
Railways not to ferry grains for private contractors
April 17th, 2008 - 8:07 pm ICT by admin
New Delhi, April 17 (IANS) Goods trains will not ferry food grains for private contractors to foil any bid for hoarding them, Railway Minister Lalu Prasad told the Lok Sabha Thursday. "Except ... Read more...
Posted in Business |
Chairman of Thai Chamber of Commerce says inflation next year will be higher
December 11th, 2007 - 10:23 am ICT by admin
Bangkok, 11 December, 2007 (PRD), The Chairman of the Thai Chamber of Commerce, Mr. Pramon Suthivong (ประมนต์ สุธีวงศ์), believes the inflation rate next year will definitely be higher than this year, following ... Read more...
More bad news for the dollar as the UAE gets ready to dump it
November 28th, 2007 - 5:05 pm ICT by admin
Dubai, Nov.28 (ANI): A serious crisis looms ahead of the US dollar as the UAE along with other Gulf Cooperation states are reportedly considering a move to dump the US currency.
For GCC ... Read more...
Posted in Business |