`Brazil withstanding worst year of global crisis’
August 31st, 2012 - 12:21 pm ICT by IANS
Brasilia, Aug 31 (IANS/EFE) Brazil's finance minister said Thursday that Latin America's largest economy is holding up well amid the "worst year" of the global economic crisis and that its ... Read more...
Posted in Business |
Measures to improve market conditions Monday: Pranab (Lead)
June 23rd, 2012 - 6:44 pm ICT by IANS
Kolkata, June 23 (IANS) Finance Minister Pranab Mukherjee Saturday said he was "concerned, not depressed" over signs of weakness in the Indian economy and announced that the central government ... Read more...
Posted in Business |
We will improve market condition: Pranab
June 23rd, 2012 - 4:46 pm ICT by IANS
Kolkata, June 23 (IANS) Finance Minister Pranab Mukherjee Saturday said he was concerned over signs of weakness in the Indian economy and announced that the central government would soon ... Read more...
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Global uncertainty affecting India: Pranab
February 21st, 2012 - 6:56 pm ICT by IANS
New Delhi, Feb 21 (IANS) Global financial problems, besides a tight monetary policy, are affecting the Indian economy and a slowdown in external demand has led to a decline ... Read more...
Posted in Business |
Sensex slumps 4.56 percent on global turmoil (Weekly market review)
September 24th, 2011 - 2:53 pm ICT by IANS
Mumbai, Sep 24 (IANS) A benchmark index for Indian equities slumped almost five percent this week on turmoil in the global bourses after the US Federal Reserve said the ... Read more...
Posted in Business |
Sensex plunges to 15-month low on global turmoil (Weekly market review)
August 20th, 2011 - 5:52 pm ICT by IANS
Mumbai, Aug 20 (IANS) Indian equities markets benchmark indices slumped to a 15-month low as turmoil in global bourses over the fears of another round of slowdown in the ... Read more...
Posted in Business |
Sensex plunges 466 points on global turmoil (Weekly market review)
August 13th, 2011 - 3:09 pm ICT by IANS
Mumbai, Aug 13 (IANS) Benchmark indices of Indian equities markets slumped almost three percent this week as investors dumped shares taking cues from the turmoil in global markets amid ... Read more...
Posted in Business |
Indian markets close lower on global turmoil, rate hike fears (Roundup)
August 12th, 2011 - 8:26 pm ICT by IANS
Mumbai, Aug 12 (IANS) Indian equities markets closed lower as selling pressure built up in the afternoon session amid fears of a recession in major global economies and another ... Read more...
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Cuban high priests predict tumultuous 2010
January 4th, 2010 - 5:58 pm ICT by ANI
Havana, Jan. 4 (ANI): Cuba's high priests have predicted massive social upheaval and internal conflict in the year 2010. "We can reach all we aspire to, but we can also destroy it ... Read more...
Posted in World |
Infrastructure growth will drive industrial activity: Moody’s
July 10th, 2009 - 6:48 pm ICT by IANS
New Delhi, July 10 (IANS) India's infrastructure development is likely to be one of the key drivers of industrial activity, which will see an upturn in a few months, the research arm ... Read more...
Posted in Business |
India’s growth outlook dim despite stability: Moody’s
May 21st, 2009 - 5:54 pm ICT by IANS
New Delhi, May 21 (IANS) Despite the political stability promised by the Congress-led coalition's resounding win at the recent parliamentary polls, the outlook remains dim for the Indian economy till 2010, ... Read more...
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Job loss scare driving Indian pilots to Gulf carriers
April 23rd, 2009 - 8:13 pm ICT by IANS
New Delhi, April 23 (IANS) Salary cuts and job uncertainty are driving pilots in Indian carriers to greener pastures abroad, with as many as 25 pilots believed to be heading for the ... Read more...
Posted in Business |
Sonalika tractor maker claims record export sales
April 19th, 2009 - 7:13 pm ICT by IANS
Chandigarh, April 19 (IANS) The Punjab-based International Tractors (ITL), which sells tractors under the Sonalika brand, Sunday claimed it has achieved the highest export sales among all manufacturers in the country during ... Read more...
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Worst is not over for Indian economy: Moody’s
March 20th, 2009 - 5:59 pm ICT by IANS
New Delhi, March 20 (IANS) The Indian economy is unlikely to grow more than five percent in 2009 as "the worst of the global economic crisis is yet to come", according to ... Read more...
Posted in Business |
India’s growth will be below 5 percent in first half: Moody’s
February 27th, 2009 - 3:45 pm ICT by IANS
New Delhi, Feb 27 (IANS) The government estimate of 7 percent gross domestic (GDP) growth for the current fiscal year will certainly be missed and the "overly optimistic projection" needs to be ... Read more...
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Cash is king,’ Ernst & Young tells businesses
January 8th, 2009 - 2:40 pm ICT by IANS
Toronto, Jan 8 (IANS) `Cash is king' in the current global turmoil and needs to be managed well, says Ernst & Young in its 10 commandments for businesses to ease pain in ... Read more...
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Management placements unaffected, says Samir Barua
November 19th, 2008 - 4:31 pm ICT by ANI
Ahmedabad, Nov 19 (ANI): The summer campus placements at Indian Institute of Management, Ahmedabad (IIMA) remain unaffected for the present by the global economic meltdown, says director Samir Barua.
All 300 ... Read more...
Posted in National |
Bond markets key funds source for Asian economies: ADB
November 18th, 2008 - 4:01 pm ICT by IANS
Manila, Nov 18 (Xinhua) Asia's local currency bond markets have shown great resilience to global credit turmoil and can be a key source of funds for the continent's finance expansionary fiscal policies, ... Read more...
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Mukesh Ambani has ousted L.N. Mittal as richest Indian: Forbes
November 13th, 2008 - 3:30 pm ICT by IANS
New Delhi, Nov 13 (IANS) Plunging stock and property values because of the global financial crisis has pushed steel tycoon Lakshmi Nivas Mittal to second place behind Mukesh Ambani of petroleum to ... Read more...
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India woos Qatar for investment in infrastructure
November 10th, 2008 - 2:35 pm ICT by IANS
Doha, Nov 10 (IANS) India is looking at investment opportunities in Qatar's financial centres and special economic zones (SEZs) even as it opens up its infrastructure sector for investment from this gas-rich ... Read more...
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Highlights of measures announced by India’s central bank
November 1st, 2008 - 4:00 pm ICT by IANS
Mumbai, Nov 1 (IANS) Following are the highlights of the measures announced by the Reserve Bank of India (RBI) Saturday in a bid to reduce the cost of borrowings of commercial banks ... Read more...
Posted in Business |
Economy ‘job number one’ of Canada’s new government
October 31st, 2008 - 9:25 am ICT by IANS
Toronto, Oct 31 (IANS) Canadian Prime Minister Stephen Harper, whose Conservative Party was returned to power in the Oct 14 elections, Thursday appointed a new cabinet, entrusting economy-related portfolios to veterans amid ... Read more...
Posted in Business |
HDFC Bank opens first international branch in Bahrain
October 23rd, 2008 - 2:15 pm ICT by IANS
Dubai, Oct 23 (IANS) India's leading private bank, HDFC Bank, has opened its first full-fledged overseas commercial branch at a new financial district in Bahrain.Central Bank of Bahrain (CBB) Governor Rasheed Al ... Read more...
Posted in Business |
Qatar Airways says India remains hot market
October 22nd, 2008 - 7:30 pm ICT by IANS
New Delhi, Oct 22 (IANS) Leading Gulf carrier Qatar Airways Wednesday said India remained an important market not just for its civil aviation operations but also as the principal source for manpower, ... Read more...
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Statement by prime minister on global financial crisis (Lead, correcting month in para 10)
October 20th, 2008 - 8:43 pm ICT by IANS
New Delhi, Oct 20 (IANS) Following is the text of a suo motu statement by Prime Minister Manmohan Singh in the Lok Sabha, the lower house of parliament, on the global financial ... Read more...
Posted in Business |
Statement by prime minister on global financial crisis
October 20th, 2008 - 6:53 pm ICT by IANS
New Delhi, Oct 20 (IANS) Following is the text of a suo motu statement by Prime Minister Manmohan Singh in the Lok Sabha, the lower house of parliament, on the global financial ... Read more...
Posted in Business |
India’’s growth may slow due to global turmoil: PM
October 20th, 2008 - 6:35 pm ICT by ANI
New Delhi, Oct.20 (ANI): The Prime Minister, Dr. Manmohan Singh, on Monday said that India''s economic growth may decelerate to 7.5 percent in 2008-09 because of the "ripple effects" of the ... Read more...
Posted in National |
Timeline on steps taken to bring liquidity to Indian financial system
October 15th, 2008 - 9:27 pm ICT by IANS
New Delhi, Oct 15 (IANS) Following are some of the measures taken since Sep 16 to calm nervous Indian markets amid growing global turmoil and improve domestic liquidity conditions:* Sep 16: Reserve ... Read more...
Posted in Business |
As meltdown rocks financial circles, Indian bank scrips nosedive
October 10th, 2008 - 6:04 pm ICT by IANS
Mumbai, Oct 10 (IANS) Banking sector stocks, led by the heavyweight ICICI Bank, skidded on the Bombay Stock Exchange (BSE) Friday following frantic offloading by overseas investors and nervous selling by retail ... Read more...
Posted in Business |
Experts caution Indian policymakers against ‘denial mode’
October 10th, 2008 - 5:36 pm ICT by IANS
New Delhi, Oct 10 (IANS) Grappling with severe liquidity crunch, India's economic woes escalated Friday with industrial growth slipping to 1.3 percent and inflation moderating only slightly to 11.8 percent, even as ... Read more...
Posted in World |
Greasing money markets: government’s efforts to increase liquidity
October 10th, 2008 - 4:41 pm ICT by IANS
New Delhi, Oct 10 (IANS) In a bid to calm nervous markets amidst growing global turmoil and improve domestic liquidity conditions, policy makers have taken a number of measures since Sep 16.A ... Read more...
Posted in Uncategorized |
Bahrain economy safe from global crisis: prime minister
October 9th, 2008 - 3:31 pm ICT by IANS
Dubai, Oct 9 (IANS) Bahrain's economy is safe from the global financial crisis because of the government's clear financial and economic policies, according to Bahrain Prime Minister Shaikh Khalifa Bin Salman Al ... Read more...
Posted in World |
Qatar banks remain stable amid global financial crisis
October 8th, 2008 - 7:18 pm ICT by IANS
Dubai, Oct 8 (IANS) Banks in Qatar remain stable in the face of the global financial crisis with that country's central bank ready to provide liquidity to banks if needed, a senior ... Read more...
Posted in World |
World stocks in uneven performance amid further turmoil
October 7th, 2008 - 11:04 pm ICT by IANS
New York, Oct 7 (DPA) Stock market trading around the world Tuesday was uneven as investors appeared uncertain where to turn next in the ongoing international financial turmoil and new trouble spots ... Read more...
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Expand G7 to beat global turmoil: World Bank
October 7th, 2008 - 7:45 am ICT by IANS
Washington, Oct 7 (DPA) World Bank President Robert Zoellick Monday called on the world's largest nations to band together to prevent the kind of massive economic downturn now striking the globe from ... Read more...
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