12th Plan growth projection lowered to 8.2 percent
September 14th, 2012 - 5:31 pm ICT by IANS
New Delhi, Sep 14 (IANS) The Planning Commission has lowered its estimate of annual average economic growth rate for the 12th Plan period (2012-13 to 2017-18) to 8.2 percent, from ... Read more...
Posted in Business |
Singapore’s economy to grow in 2013: IMF
August 28th, 2012 - 12:48 pm ICT by IANS
Washington, Aug 28 (IANS) Singapore's economy would expand by 2.9 percent this year before firming up to 3.4 percent in 2013, and Singapore has ample policy space to mitigate the ... Read more...
Posted in Business |
Russia ready for possible economic meltdown: Putin
August 16th, 2012 - 8:19 pm ICT by IANS
Moscow, Aug 16 (IANS/RIA Novosti) The Russian economy is prepared for a possible economic meltdown as a result of the slowing of global growth and the escalating eurozone debt crisis, ... Read more...
Posted in Politics |
India’s aluminium demand to grow 7-8 per cent: NALCO
August 14th, 2012 - 5:38 pm ICT by IANS
Bhubaneswar, Aug 14 (IANS) India's aluminium demand is expected to grow at 7-8 per cent annually, B.L. Bagra, chairman of the state-run National Aluminium Company (NALCO) said Tuesday."The demand in ... Read more...
Posted in Business |
IMF pares India’s growth to 6.1 percent
July 16th, 2012 - 8:37 pm ICT by IANS
Washington, July 16 (IANS) With global recovery weakening further, the International Monetary Fund (IMF) has marginally reduced India's growth projections from 6.8 percent to 6.1 percent for 2012 ... Read more...
Posted in World |
World Bank must help tackle global growth risks: New chief
July 3rd, 2012 - 1:41 pm ICT by IANS
Washington, July 3 (IANS) The World Bank has an economic and moral imperative to help address risks to global growth, no matter where they emerge, new World Bank group president ... Read more...
Posted in Business |
Chinese, US presidents meet on bilateral ties
June 20th, 2012 - 9:54 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS) Chinese President Hu Jintao met his US counterpart Barack Obama here Tuesday on bilateral relations and major issues of common concern.Over the past ... Read more...
Posted in World |
India to focus on infrastructure-led growth at G20 (Roundup)
June 16th, 2012 - 8:47 pm ICT by IANS
New Delhi, June 16 (IANS) Prime Minister Manmohan Singh Saturday voiced concern over a deepening eurozone crisis adversely impacting India and stressed the need to focus on investment ... Read more...
Posted in Business |
PM to press for resolute action on eurozone crisis (Lead)
June 16th, 2012 - 1:36 pm ICT by IANS
New Delhi, June 16 (IANS) Ahead of his eight-day overseas tour to attend the G-20 and the Rio+20 summits in Mexico and Brazil, Prime Minister Manmohan Singh Saturday flagged ... Read more...
Posted in Environment |
PM to press for resolute action to buck eurozone crisis
June 16th, 2012 - 12:50 pm ICT by IANS
New Delhi, June 16 (IANS) Ahead of his eight-day overseas tour to attend the G-20 and the Rio+20 summits in Mexico and Brazil, Prime Minister Manmohan Singh Saturday flagged ... Read more...
Posted in Environment |
Obama, Manmohan Singh may meet at La Cabos
June 16th, 2012 - 10:13 am ICT by IANS
Washington, June 16 (IANS) Keen to forge deeper strategic and economic ties with India as the US draws down in Afghanistan, US President Barack Obama may meet Indian Prime ... Read more...
Posted in South Asia |
Obama, Manmohan to work together to boost global economy (Lead)
June 15th, 2012 - 4:20 pm ICT by IANS
Washington, June 15 (IANS) US President Barack Obama and Indian Prime Minister Manmohan Singh have agreed to work together for strengthening the "resilience of the global economy" to deal ... Read more...
Posted in Uncategorized |
Obama, Manmohan to work together to strengthen global economy
June 15th, 2012 - 11:41 am ICT by IANS
Washington, June 15 (IANS) Indian Prime Minister Manmohan Singh and US President Barack Obama have agreed to work together to strengthen the global economy to deal with shocks from ... Read more...
Posted in Business |
Congress, Russia’s ruling party to exchange experiences
May 28th, 2012 - 9:22 pm ICT by IANS
New Delhi, May 28 (IANS) India's Congress has signed an agreement with Russia's ruling United Russia Party for exchange of experiences in a host of fields including organisational work ... Read more...
Posted in Politics |
ADB urges Asian countries to undertake more reforms
May 4th, 2012 - 4:17 pm ICT by IANS
Manila, May 4 (IANS) The Asian Development Bank (ADB) Friday urged Asian countries to undertake more reforms to support the region's long-term growth.In his speech at the formal opening of ... Read more...
Posted in Business |
India asks G-20 to nake ‘credible and ambitious’ action plan
April 20th, 2012 - 10:50 am ICT by IANS
Washington, April 20 (IANS) India has called upon G-20 nations, the world's top economies, to work out a "credible and ambitious" action plan to put the global economy firmly ... Read more...
Posted in Business |
South Korea’s economic growth to slow in 2012: ADB
April 13th, 2012 - 1:35 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's economic growth was expected to slow to 3.4 percent this year as economic downturn in advanced nations may hamper the country's exports, which account ... Read more...
Posted in Uncategorized |
China’s GDP growth to hit 8.5 percent this year: ADB (Lead)
April 11th, 2012 - 3:00 pm ICT by IANS
Beijing, April 11 (IANS) China's economic growth is set to moderate slightly over the next two years but will exceed 8 percent on the back of strong investment, rising private ... Read more...
Posted in Business |
India needs a socially conscious banking system: Pranab
April 7th, 2012 - 8:26 pm ICT by IANS
Mumbai, April 7 (IANS) Nationalisation of banks was a path breaking step in deploying financial services for transformation of the economy, Finance Minister Pranab Mukherjee said Saturday and added ... Read more...
Posted in Business |
BRICS countries becoming rule makers: Chinese expert
March 29th, 2012 - 4:17 pm ICT by IANS
Beijing, March 29 (IANS) BRICS countries are evolving from being 'followers' of the West to 'rule makers', a Chinese expert said Thursday. But he warned that intra-BRICS trade will see ... Read more...
Posted in World |
Sensex closes flat on reforms worries (Roundup)
March 7th, 2012 - 6:48 pm ICT by IANS
Mumbai, March 7 (IANS) A benchmark index for Indian markets closed flat in volatile trade Wednesday as investors were worried about the government's ability to push key reforms following ... Read more...
Posted in Business |
Sensex flat in noon trade
March 7th, 2012 - 1:46 pm ICT by IANS
Mumbai, March 7 (IANS) A benchmark index for Indian markets was trading flat in noon trade Wednesday amid weakness in Asian bourses.The 30-scrip sensitive index (Sensex) of the Bombay ... Read more...
Posted in Business |
IMF advises caution on policy easing to India
March 2nd, 2012 - 11:21 am ICT by IANS
Washington, March 2 (IANS) Noting that the global recovery had suffered a setback, the International Monetary Fund (IMF) has advised India and other emerging economies with high inflation and public ... Read more...
Posted in Business |
`Asia has ample room to fight eurozone turmoil spillovers’
January 31st, 2012 - 1:35 pm ICT by IANS
Washington, Jan 31 (IANS) Key Asian economies, including China, still have ample policy action room to respond to spillovers of the escalating eurozone debt crisis, a senior official from the ... Read more...
Posted in Business |
Australian Q4 consumer price index unchanged
January 25th, 2012 - 2:54 pm ICT by IANS
Sydney, Jan 25 (IANS) Australia's consumer price index (CPI) was unchanged in the December quarter 2011, compared with a rise of 0.6 percent in the September quarter, the Australian Bureau ... Read more...
Posted in Business |
Global economy heading for another downturn: RBI
January 24th, 2012 - 2:40 pm ICT by IANS
Mumbai, Jan 24 (IANS) Just after three years, the global economy is heading for another downturn mainly because of eurozone debt crisis that would also pull down India's growth, the ... Read more...
Posted in Business |
World Bank lowers global economic growth rate
January 18th, 2012 - 6:06 pm ICT by IANS
Washington, Jan 18 (IANS) The World Bank Tuesday lowered its global economic growth rate forecast to 2.5 percent in 2012 from its previous estimate of 3.6 percent, amid risks triggered ... Read more...
Posted in Business |
World Bank sharply lowers global economic growth rate (Lead)
January 18th, 2012 - 6:05 pm ICT by IANS
Washington, Jan 18 (IANS) The World Bank Tuesday sharply lowered its global economic growth rate forecast to 2.5 percent in 2012 from its previous estimate of 3.6 percent, amid risks ... Read more...
Posted in Business |
Sensex pares losses, closes 34 points up (Roundup)
January 16th, 2012 - 7:25 pm ICT by IANS
Mumbai, Jan 16 (IANS) A benchmark index for Indian equities markets Monday pared its losses to close 34 points higher as capital goods and IT stocks moved up.The 30-scrip ... Read more...
Posted in Business |
Sensex in red, energy banking scrips under pressure
January 16th, 2012 - 1:46 pm ICT by IANS
Mumbai, Jan 16 (IANS) A benchmark index for Indian equities markets Monday was ruling in the red Monday noon, with energy and banking scrips acting as a drag. Negative ... Read more...
Posted in Business |
China, US pledge to advance economic recovery
January 11th, 2012 - 6:07 am ICT by IANS
Beijing, Jan 11 (IANS) China and the US Tuesday pledged to enhance their cooperation to advance the global economic recovery.The global economic recovery must remain the priority for all nations ... Read more...
Posted in Business |
Increase investment in India: Pranab urges diaspora
January 8th, 2012 - 8:03 pm ICT by IANS
Jaipur, Jan 8 (IANS) Finance Minister Pranab Mukherjee Sunday urged non-resident Indian (NRI) entrepreneures to increase investment in India, saying the the economic engagement of the diaspora was not ... Read more...
Posted in Business |
Best Western to set up 66 hotels in India
January 6th, 2012 - 7:48 pm ICT by IANS
New Delhi, Jan 6 (IANS) US hotel chain Best Western International is planning to invest Rs.1,600 crore ($301 million) to open 66 new hotels, including 20 five-star ones, spread across ... Read more...
Posted in Business |
Etihad buys 29 percent stake in Air Berlin
December 19th, 2011 - 11:10 pm ICT by IANS
Abu Dhabi, Dec 19 (IANS/WAM) UAE's national carrier Etihad Airways has bought a 29.21 percent stake in Air Berlin, it was announced Monday.The deal will bring the total number of ... Read more...
Posted in Business |
Reserve Bank of Australia cuts cash rate
December 6th, 2011 - 2:52 pm ICT by IANS
Sydney, Dec 6 (IANS) The Reserve Bank of Australia (RBA) Tuesday announced it has decided to lower the cash rate from 4.5 percent to 4.25 percent, effective Dec 7.It was ... Read more...
Posted in Uncategorized |