India’s central bank halts rate hikes on lower inflation (Lead)
December 16th, 2011 - 3:22 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 - in a bid to ... Read more...
Posted in Uncategorized |
Rate pause will help regain growth momentum: Pranab
December 16th, 2011 - 2:57 pm ICT by IANS
New Delhi, Dec 16 (IANS) The Reserve Bank of India's decision to keep key rates unchanged will help improve business sentiments and regain economic growth momentum, Finance Minister Pranab ... Read more...
Posted in Business |
India’s central bank hits pause button on rate hikes
December 16th, 2011 - 1:59 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key rates unchanged - after as many as 13 successive hikes since early 2010 - in a bid to spur growth, ... Read more...
Posted in Business |
Sri Lanka’s consumerism to grow in 2012: Report
December 10th, 2011 - 2:06 pm ICT by IANS
Colombo, Dec 10 (IANS) International market research company Nielsen expressed optimistic views on 2012 economic progress in Sri Lanka, noting that rapid growth and consumer spending would be seen.Nielsen, launching ... Read more...
Posted in Business |
Pranab lowers 2011-12 growth projection to 7.5 percent
December 2nd, 2011 - 2:32 pm ICT by IANS
New Delhi, Dec 2 (IANS) After a slump in growth in the first two quarters of the current financial year, Finance Minister Pranab Mukherjee Friday lowered the economic growth ... Read more...
Posted in Business |
More global firms eye Indian construction equipment market
November 28th, 2011 - 1:24 pm ICT by IANS
Bangalore, Nov 28 (IANS) More and more global firms are keen to enter the fledgling Indian earthmoving and construction equipment (ECE) market through subsidiaries or joint ventures to cash in ... Read more...
Posted in Uncategorized |
‘India, China to drive global construction equipment industry growth’
November 24th, 2011 - 5:48 pm ICT by IANS
Bangalore, Nov 24 (IANS) The multi-billion dollar global construction equipment industry is betting on India and China to rev up the sales growth hit by the slowdown in the ... Read more...
Posted in Business |
Indian electrical equipment industry’s Q2 growth slows
November 11th, 2011 - 11:31 pm ICT by IANS
New Delhi, Nov 11 (IANS) India's electrical equipment industry grew at a slower 4.4 percent during the second quarter of 2011-12 ended Sep 30 against 13.82 percent in the previous ... Read more...
Posted in Business |
Australian economic growth set to pick up pace: Report
October 19th, 2011 - 2:09 pm ICT by IANS
Sydney, Oct 19 (IANS) The growth of the Australian economy is set to pick up pace in 2012, according to a report released Wednesday.The report was by Australia's Westpac Banking ... Read more...
Posted in Uncategorized |
China’s GDP falls to two-year low
October 19th, 2011 - 7:49 am ICT by IANS
Beijing, Oct 19 (IANS) China's GDP expanded by 9.1 percent year-on-year in the third quarter of 2011, marking the slowest pace since the third quarter of 2009, the National Bureau ... Read more...
Posted in Business |
Indian economy may grow 9-10 percent in medium-term
October 18th, 2011 - 7:06 pm ICT by IANS
New Delhi, Oct 18 (IANS) Despite recent moderation, the government is hopeful that the Indian economy would grow at 9-10 percent in the medium-term as the fundamentals remain strong."The ... Read more...
Posted in Business |
China’s Q3 GDP grows at slowest pace in two years
October 18th, 2011 - 2:09 pm ICT by IANS
Beijing, Oct 18 (IANS) China's GDP expanded 9.1 percent year-on-year in the third quarter of the year, the slowest pace since the third quarter of 2009.
The growth rate was down ... Read more...
Posted in Business |
Government offers Rs.1,700 crore sops to boost exports
October 13th, 2011 - 8:14 pm ICT by IANS
New Delhi, Oct 13 (IANS) The Indian government Thursday announced various incentives, including interest subsidy, worth around Rs.1,700 crore to boost the growth of exports in view of the slowing ... Read more...
Posted in Uncategorized |
Board of trade to discuss sops for exporters
October 10th, 2011 - 7:10 pm ICT by IANS
New Delhi, Oct 10 (IANS) The board of trade chaired by Commerce and Industry Minister Anand Sharma is scheduled to meet Tuesday to discuss incentives to keep the growth momentum ... Read more...
Posted in Uncategorized |
Incentives to boost exports soon, says Sharma
October 7th, 2011 - 8:35 pm ICT by IANS
New Delhi, Oct 7 (IANS) The government is looking into the concerns of traders and would soon announce incentives to further boost exports, Commerce and Industry Minister Anand Sharma said ... Read more...
Posted in Business |
Economist PM has lost to crony capitalism: BJP
September 30th, 2011 - 10:03 pm ICT by IANS
New Delhi, Sep 30 (IANS) Calling the United Progressive Alliance (UPA) government a failure on the economic front, Bharatiya Janata Party leader Arun Jaitley Friday said Prime Minister Manmohan ... Read more...
Posted in Politics |
China faces price rise pressure
September 25th, 2011 - 5:44 pm ICT by IANS
Beijing, Sep 25 (IANS) China faces the pressure of price rise and capital inflows in the short term while its economic outlook remains positive, central bank governor Zhou Xiaochuan has ... Read more...
Posted in Business |
Exports up 44.2 percent in August; deficit widens to $14.1 bn
September 9th, 2011 - 6:58 pm ICT by IANS
New Delhi, Sep 9 (IANS) India's exports increased by 44.2 percent to $24.3 billion in August, while imports rose 41.8 percent to $38.4 billion, leading to a trade deficit of ... Read more...
Posted in Business |
Sensex slumps 525 points on rate hike, weak global cues (Weekly market review)
July 30th, 2011 - 2:48 pm ICT by IANS
Mumbai, July 30 (IANS) Benchmark indices of Indian equities markets slumped almost 3 percent in weekly trade as a more than expected rate hike by the Reserve Bank of ... Read more...
Posted in Business |
Rate hike will hurt growth, feels India Inc
July 26th, 2011 - 7:26 pm ICT by IANS
New Delhi, July 26 (IANS) Disappointed over the Reserve Bank of India's decision to hike policy rates for the 11th time in 15 months, India Inc warned Tuesday that ... Read more...
Posted in Business |
Rate hike will bring down inflation to 6 percent: Pranab
July 26th, 2011 - 4:52 pm ICT by IANS
New Delhi, July 26 (IANS) The Reserve Bank of India's (RBI) aggressive monetary tightening measures would help bring down inflation to a comfortable level of six to seven percent ... Read more...
Posted in Business |
Industry hopes ministry reshuffle will push reform process
July 13th, 2011 - 7:01 pm ICT by IANS
New Delhi, July 13 (IANS) With Prime Minister Manmohan Singh himself indicating that Tuesday's cabinet reshuffle would be the last for the current government, industry now hopes the ministers ... Read more...
Posted in Business |
Growth momentum will continue: Pranab
July 6th, 2011 - 9:55 pm ICT by IANS
New Delhi, July 6 (IANS) Despite the recent slowdown, Finance Minister Pranab Mukherjee said he was hopeful that the country will achieve its growth target of over 8.5 percent ... Read more...
Posted in Business |
Growth may moderate, inflation a major challenge: Pranab (Lead)
June 17th, 2011 - 9:30 pm ICT by IANS
New Delhi, June 17 (IANS) The monetary tightening policy pursued by the Reserve Bank of India might moderate growth in short-term even as controlling inflation remains a major challenge ... Read more...
Posted in Business |
Southern states lagging in growth: CII
June 16th, 2011 - 8:46 pm ICT by IANS
Chennai, June 16 (IANS) The growth rate of gross state domestic product (GSDP) of the four southern states has been slowing down in recent years and requires focused attention on ... Read more...
Posted in Business |
Inflation remains major short-term challenge, says Pranab
May 21st, 2011 - 8:58 pm ICT by IANS
Mumbai, May 21 (IANS) Inflation remains a major short-term challenge despite a series of monetary and fiscal measures taken to curb it, Finance Minister Pranab Mukherjee said Saturday."Our major ... Read more...
Posted in Business |
L&T;’s quarterly net profit rises 17.39 percent
May 19th, 2011 - 4:27 pm ICT by IANS
Mumbai, May 19 (IANS) Engineering and construction major Larsen and Toubro (L&T;) Thursday posted a 17.39 percent increase in its net profit for the quarter ended March 31, which stood ... Read more...
Posted in Business |
Audi’s April sales zoom 98 percent
May 5th, 2011 - 6:26 pm ICT by IANS
Mumbai, May 5 (IANS) German luxury car manufacturer Audi's Indian subsidiary Thursday reported a 98 percent increase in sales for the month of April at 375 units as compared to ... Read more...
Posted in Business |
ADB warns fast-growing Asian economies of middle income trap
May 4th, 2011 - 1:31 pm ICT by ANI
Hanoi, May 4 (ANI): The Asian Development Bank (ADB) said in its report on Wednesday that fast-growing Asian economies cannot afford to fall into the middle income trap when seeking to move ... Read more...
Posted in World |
India’s central bank set to present monetary policy
May 3rd, 2011 - 10:59 am ICT by IANS
Mumbai, May 3 (IANS) India's central bank is set to present its monetary policy for this fiscal at 11 a.m. Tuesday amid ample hints of another rate hike, which would ... Read more...
Posted in Business |
RBI hints at rate hike, growth below 9 percent
May 2nd, 2011 - 7:33 pm ICT by IANS
Mumbai, May 2 (IANS) The Reserve Bank of India, the country's central bank, Monday hinted at another interest rate hike on May 3 as inflation has remained persistently high and ... Read more...
Posted in Business |
‘Rising inflation, interest rates major concerns’ (Lead)
April 21st, 2011 - 9:47 pm ICT by IANS
New Delhi, April 21 (IANS) Rising inflation, input costs, oil prices and steep interest rates are the major issues that are threatening the growth momentum of the Indian economy, ... Read more...
Posted in Business |
‘Rising inflation, interest rates major issues for economy’
April 21st, 2011 - 4:11 pm ICT by IANS
New Delhi, April 21 (IANS) Rising inflation, input costs, oil prices and steep interest rates are the major issues that are threatening the growth momentum of the Indian ... Read more...
Posted in Business |
China is world’s third most popular tourist destination
April 12th, 2011 - 10:39 am ICT by IANS
Beijing, April 12 (IANS) Do you know the land of the Great Wall is more popular tourist destination than the Alps of Switzerland? The UN has recently ranked China as ... Read more...
Posted in Business |
Mukherjee to open CII National Conference 2011
April 6th, 2011 - 6:46 pm ICT by ANI
New Delhi, Apr. 6 (ANI): Union Finance Minister Pranab Mukherjee will inaugurate the CII National Conference and Annual Session 2011 on April 8 here. During the two-day event, the theme will ... Read more...
Posted in Business |