growth momentum

Government trying to protect Indian economy from global mess: PM


September 7th, 2012 - 6:33 pm ICT by IANS
New Delhi, Sep 7 (IANS) The Indian economy is passing through a difficult time but the government is trying to protect it from the global economic mess, Prime Minister ... Read more...

Posted in Business |

South Korean economy shows weaker growth momentum


August 9th, 2012 - 1:44 pm ICT by IANS
Seoul, Aug 9 (IANS) The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday."The domestic economy showed weaker ... Read more...

Posted in Business |

Wipro looks for growth in new geographies (Second Lead)


July 24th, 2012 - 9:19 pm ICT by IANS
Bangalore, July 24 (IANS) India's third largest IT bellwether Wipro Ltd is betting on customers in new geographies to sustain growth momentum despite currency volatility and pricing pressure."At the macro ... Read more...

Posted in Business |

Bajaj Auto’s first quarter net up one percent


July 18th, 2012 - 3:38 pm ICT by IANS
Mumbai, July 18 (IANS) Two- and three-wheeler maker Bajaj Auto Wednesday reported a marginal increase of one percent in net profit for the first quarter of the current fiscal.The net ... Read more...

Posted in Business |

TCS profit jumps 37.4 percent in April-June quarter


July 12th, 2012 - 8:34 pm ICT by IANS
Mumbai, July 12 (IANS) Tata Consultancy Services, the country's largest software services exporter, Thursday announced a 37.4 percent rise in net profit for the quarter ended June 30, 2012, helped ... Read more...

Posted in Uncategorized |

PM assures growth, reforms, stable rupee


June 24th, 2012 - 12:50 am ICT by IANS
On Board Air India One, June 23 (IANS) Prime Minister Manmohan Singh has sought to assure investors of every step, including reforms, to restore confidence on India while also ... Read more...

Posted in Business |

India assures US business of a level playing field


June 14th, 2012 - 8:07 pm ICT by IANS
Washington, June 14 (IANS) Assuring US businesses of "a level playing field" and "total transparency", India has invited them to take advantage of enormous business opportunities offered by India's plans ... Read more...

Posted in Business |

Allahabad Bank targets 21 percent growth this fiscal


June 14th, 2012 - 6:53 pm ICT by IANS
Kolkata, June 14 (IANS) Public sector lender Allahabad Bank Thursday said it has targeted a business growth of 21.39 percent, and a business level of around Rs.3,300 billion by end ... Read more...

Posted in Uncategorized |

Factors leading to slowdown have bottomed out: Mukherjee


May 31st, 2012 - 6:22 pm ICT by IANS
New Delhi, May 31 (IANS) Union Finance Minister Pranab Mukherjee Thursday said the Indian economy was set to recover as most of the factors leading to the sharp drop ... Read more...

Posted in Business |

India to cut subsidies to 1.75 percent of GDP in 3 years: Mukherjee


May 5th, 2012 - 8:21 pm ICT by IANS
Manila, May 5 (IANS) The Indian government is committed to bringing down subsidies to below two percent of the country's gross domestic product (GDP) in the current fiscal ... Read more...

Posted in Business |

India will grow at 8-10 percent in coming years: Mukherjee


May 4th, 2012 - 9:53 pm ICT by IANS
Manila, May 4 (IANS) Dismissing all talk of policy inertia, Finance Minister Pranab Mukherjee Friday asserted that the government is focussed on recovering the growth momentum in the economy ... Read more...

Posted in Uncategorized |

ICICI Bank quarterly net profit rises 31 percent


April 27th, 2012 - 5:11 pm ICT by IANS
Mumbai, April 27 (IANS) India's largest private sector lender ICICI Bank Friday posted an increase of 31 percent for the quarter ended March 31 at Rs.1,901.76 crore due to a ... Read more...

Posted in Business |

Suzlon’s arm bags orders worth $387 mn in two months


April 23rd, 2012 - 3:05 pm ICT by IANS
Mumbai, April 23 (IANS) India's wind turbine manufacturing major Suzlon Energy Monday said its group subsidiary REpower Systems has bagged cumulative orders worth $387 million across Europe over a two-month ... Read more...

Posted in Business |

Department of IT gets new name


April 20th, 2012 - 12:29 am ICT by IANS
New Delhi, April 19 (IANS) The department of information technology (DIT) was Thursday formally named department of electronics and information technology by Minister of Communications and Information Technology Minister Kapil ... Read more...

Posted in Business |

Growth will improve, but inflation will stay sticky: RBI


April 16th, 2012 - 8:02 pm ICT by IANS
New Delhi, April 16 (IANS) India's economic growth is likely to improve marginally in the current financial year from the projected growth of 6.9 percent in 2011-12, but inflation will ... Read more...

Posted in Business |

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 |

China should show kindness to neighbours: Daily


April 10th, 2012 - 4:38 pm ICT by IANS
Beijing, April 10 (IANS) Arguing that China's economic rise is good for the world, a Chinese commentary said Tuesday that Beijing must "show more kindness" to neighbouring countries worried about ... Read more...

Posted in World |

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 |

World Bank chief Zoellick in India Monday


March 25th, 2012 - 6:57 pm ICT by IANS
New Delhi, March 25 (IANS) World Bank Group President Robert B. Zoellick will begin his fourth official visit to India from Monday to take stock of the efforts to ... Read more...

Posted in Business |

Budget will fuel inflation: Naveen Patnaik


March 16th, 2012 - 9:19 pm ICT by IANS
Bhubaneswar, March 16 (IANS) The budget for 2012-13 presented Friday by Finance Minister Pranab Mukherjee will fuel inflation and hurt the masses, Odisha Chief Minister Naveen Patnaik said.Describing the ... Read more...

Posted in Politics |

No option but to bite subsidy bullet, says Manmohan (Second Lead)


March 16th, 2012 - 5:49 pm ICT by IANS
New Delhi, March 16 (IANS) Backing the budget proposal for cutting subsidies to two percent of the GDP, Prime Minister Manmohan Singh said Friday that the government will have ... Read more...

Posted in Uncategorized |

We’ll have to bite subsidy bullet: Manmohan (Lead)


March 16th, 2012 - 4:11 pm ICT by IANS
New Delhi, March 16 (IANS) Backing the budget proposal for cutting subsidies to two percent of the GDP, Prime Minister Manmohan Singh said Friday that the government will ... Read more...

Posted in Business |

Service sector has insulated India from global slowdown: Survey


March 15th, 2012 - 2:14 pm ICT by IANS
New Delhi, March 15 (IANS) The global recession only partially succeeded in slowing the Indian economy thanks to the robust growth in services at nearly 10 percent in 2010-11 ... Read more...

Posted in Business |

China posts biggest trade deficit in decade


March 11th, 2012 - 11:18 am ICT by IANS
Beijing, March 11 (IANS) China has posted a trade deficit of $31.5 billion last month, the biggest in at least a decade as imports increased faster than exports.Exports expanded by ... Read more...

Posted in Business |

Indian stone industry bullish on growth momentum


February 2nd, 2012 - 1:54 pm ICT by IANS
Bangalore, Feb 2 (IANS) The Indian stone industry is upbeat on maintaining growth momentum as retail, real estate and infrastructure sectors boom and exports rise in new markets, an industry ... Read more...

Posted in Uncategorized |

US to issue 14 percent more visas for Indians


January 27th, 2012 - 5:33 pm ICT by IANS
New Delhi, Jan 27 (IANS) The US has taken a number of steps to simplify and quicken visa process and target 14 percent yearly increase in travellers from India ... Read more...

Posted in Business |

Growth will be below 7.5 percent, says Pranab


January 18th, 2012 - 6:04 pm ICT by IANS
New Delhi, Jan 18 (IANS) India's economic growth will fall below 7.5 percent in the current financial year and it would be a "major challenge" to meet the fiscal ... Read more...

Posted in Business |

Indian economy to grow 7.7 percent in 2012: UN


January 17th, 2012 - 4:32 pm ICT by IANS
New Delhi, Jan 17 (IANS) India's gross domestic product (GDP) is expected to grow by 7.7 percent in 2012 and 7.9 percent in the following year as compared to the ... Read more...

Posted in Business |

Factory output rises 5.9 percent; food prices fall (Roundup)


January 12th, 2012 - 8:52 pm ICT by IANS
New Delhi, Jan 12 (IANS) Industrial output rose by 5.9 percent in November, beating estimates, against 4.74 percent contraction in the previous month, and food prices fell for the ... Read more...

Posted in Business |

Industrial output rises 5.9 percent in November (Lead)


January 12th, 2012 - 6:29 pm ICT by IANS
New Delhi, Jan 12 (IANS) India's industrial output rose by a better than expected 5.9 percent in November against the 5.1 percent contraction in the previous month on the ... Read more...

Posted in Business |

India’s IT industry bets on growth despite uncertainty


January 8th, 2012 - 12:33 pm ICT by IANS
Bangalore, Jan 8 (IANS) The Indian IT industry is hopeful of maintaining its growth momentum in 2012 despite global economic uncertainty and concerns over the fallout of the sovereign debt ... Read more...

Posted in Uncategorized |

Indian economy hit by high inflation, slowing growth (2011 in Retrospect)


December 28th, 2011 - 3:40 pm ICT by IANS
New Delhi, Dec 28 (IANS) Even though India performed better than most emerging economies despite the global economic slowdown and the Eurozone crisis, 2011 for it was largely marked ... Read more...

Posted in Business |

Exports held out despite slowdown but outlook cloudy (2011 in Retrospect)


December 25th, 2011 - 3:35 pm ICT by IANS
New Delhi, Dec 25 (IANS) Despite the global downturn and major fluctuation in the value of the rupee, India's merchandise exports logged a robust rise during 2011 with experts attributing ... Read more...

Posted in Business |

With inflation easing, India’s central bank halts rate hikes (Roundup)


December 16th, 2011 - 7:32 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key interest rates unchanged after as many as 13 successive hikes since early 2010, shifting its stance from taming inflation ... Read more...

Posted in Business |

India Inc welcomes RBI’s decision to pause rate hike


December 16th, 2011 - 6:30 pm ICT by IANS
New Delhi, Dec 16 (IANS) Welcoming the Reserve Bank of India's decision to put a pause on the rate hike, India Inc. Friday said the central bank's move would help ... Read more...

Posted in Business |

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