India committed to nuclear safety, says AEC chief
September 20th, 2012 - 2:07 pm ICT by IANS
Mumbai, Sep 20 (IANS) India is committed to nuclear safety and will implement the International Atomic Energy Agency's (IAEA) "Action Plan on Nuclear Safety", a top nuclear expert has said.Addressing ... Read more...
Posted in Sci-Tech |
Finnish power firm opens shop in India
September 18th, 2012 - 9:25 pm ICT by IANS
New Delhi, Sep 18 (IANS) Finish power generation company Fortum, known for its low emissions and energy efficient technology, launched its India operations Tuesday."Our aim in India is to look ... Read more...
Posted in Environment |
PM in denial on economic situation: BJP
August 11th, 2012 - 5:47 pm ICT by IANS
New Delhi, Aug 11 (IANS) The Bharatiya Janata Party (BJP) Saturday accused Prime Minister Manmohan Singh of living in denial over the country's economic situation.Talking to reporters after the ... Read more...
Posted in Politics |
Don’t draw unwarranted conclusions, PM tells rating agencies
August 11th, 2012 - 3:38 pm ICT by IANS
New Delhi, Aug 11 (IANS) Prime Minister Manmohan Singh Saturday took international rating agencies to task for cutting India's growth forecast and asserted that the fundamentals of the economy ... Read more...
Posted in Business |
India Inc condemns Maruti Suzuki fire incident
July 20th, 2012 - 7:09 pm ICT by IANS
New Delhi, July 20 (IANS) India Inc Friday condemned the violence perpetrated allegedly by Maruti Suzuki workers in the car maker's Manesar plant and said the incident could negatively impact ... Read more...
Posted in Business |
G-20 Summit Declaration
June 20th, 2012 - 11:07 am ICT by IANS
Text of the G-20 Summit declaration in Los Cabos, Mexico, June 18-19:
1. We, the Leaders of the G20, convened in Los Cabos on 18-19 June 2012.2. We are united in our ... Read more...
Posted in Business |
What do ratings, outlook downgrades mean?
April 25th, 2012 - 7:52 pm ICT by IANS
New Delhi, April 25 (IANS) Ratings agency Standard & Poor's Wednesday cut its outlook on India to "negative" from "stable". What does it mean?Outlook indicates potential direction of ratings in ... Read more...
Posted in Business |
With reforms under stress, India stares at ratings cut (Roundup)
April 25th, 2012 - 6:30 pm ICT by IANS
New Delhi/Mumbai, April 25 (IANS) In a firm warning that all is not well with the Indian economy, the country's outlook was lowered Wednesday to negative from stable by ... Read more...
Posted in Business |
S&P; cuts India’s outlook, warns of ratings downgrade (Lead)
April 25th, 2012 - 4:55 pm ICT by IANS
Mumbai/New Delhi, April 25 (IANS) Ratings agency Standard & Poor's Wednesday lowered its outlook on India to negative from stable, and warned of a ratings downgrade citing deteriorating economic ... Read more...
Posted in Business |
S&P; lowers India’s outlook to negative
April 25th, 2012 - 3:25 pm ICT by IANS
Mumbai, April 25 (IANS) Ratings agency Standard & Poor's Wednesday lowered its outlook on India to negative from stable, and warned of a ratings downgrade citing deteriorating economic indicators and ... Read more...
Posted in Business |
US economy grows at steady pace: Fed
April 12th, 2012 - 6:04 am ICT by IANS
Washington, April 12 (IANS) The US economy continued to grow at a steady pace since February, with most manufacturers optimistic about the near-term economic outlook, the Federal Reserve said Wednesday.In ... Read more...
Posted in Business |
Budget has dampened growth prospects: Arun Jaitley
March 26th, 2012 - 7:45 pm ICT by IANS
New Delhi, March 26 (IANS) Slamming the union budget as lacking in potential, Leader of Opposition in the Rajya Sabha Arun Jaitley Monday said the budget has dampened the ... Read more...
Posted in Business |
Government confident of returning to 9 percent growth (Roundup)
March 12th, 2012 - 9:01 pm ICT by IANS
New Delhi, March 12 (IANS) The government Monday expressed confidence that the country would return to a high economic growth rate of eight to nine percent, unveiling a blueprint ... Read more...
Posted in Politics |
India to return to 8-9 percent growth: President (Second Lead) (With image)
March 12th, 2012 - 6:24 pm ICT by IANS
New Delhi, March 12 (IANS) The Indian economy will soon return to an eight-nine percent growth trajectory - from around seven percent projected for the fiscal ending March 31 ... 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 |
IBSA calls for early conclusion of WTO Doha round
January 28th, 2012 - 6:44 pm ICT by IANS
Davos, Jan 28 (IANS) India, Brazil and South Africa have called for early conclusion of the Doha round of the World Trade Organisation (WTO) negotiations saying it would help boost ... Read more...
Posted in World |
India’s growth projection lowered as global recovery stalls
January 24th, 2012 - 10:14 pm ICT by IANS
Washington, Jan 24 (IANS) With the global recovery threatened by intensifying strains in the euro area and fragilities elsewhere, the International Monetary Fund (IMF) has slightly lowered India's growth projections ... Read more...
Posted in Business |
Growth could be lower than anticipated: RBI
January 23rd, 2012 - 9:09 pm ICT by IANS
Mumbai, Jan 23 (IANS) The Reserve Bank of India Monday sounded worried about growth prospects of the economy this fiscal and said gross domestic product expansion could be lower than ... 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 |
S&P; downgrades Hungary credit rating to junk
December 22nd, 2011 - 1:54 pm ICT by IANS
London, Dec 22 (IANS) Standard & Poor's, one of the top three global ratings agencies, announced Wednesday that it had cut Hungary's sovereign credit rating to "junk" status, saying it ... Read more...
Posted in Business |
Moody’s raises India’s local currency debt rating
December 21st, 2011 - 3:47 pm ICT by IANS
New Delhi, Dec 21 (IANS) Ratings agency Moody's Wednesday raised India's local currency debt rating by one notch to Baa3, matching it with the country's foreign currency bond grade.With the ... Read more...
Posted in Business |
Eurozone crisis hurting India’s exports, growth: Pranab
November 14th, 2011 - 5:53 pm ICT by IANS
New Delhi, Nov 14 (IANS) The deepening crisis in the European countries has negatively impacted India's economic growth and is hurting exports as some developed countries have turned ... Read more...
Posted in Business |
Wipro upbeat despite flat IT growth
October 31st, 2011 - 7:53 pm ICT by IANS
Bangalore, Oct 31 (IANS) India's third largest IT bellwether Wipro Ltd. remains upbeat on its growth prospects in the coming quarters despite a marginal increase in net profit for the ... Read more...
Posted in Sci-Tech |
Fitch maintains Brazil’s investment rating at BBB
October 26th, 2011 - 1:50 pm ICT by IANS
Rio De Janeiro, Oct 26 (IANS) Fitch Ratings said it had decided to maintain Brazil's BBB investment grade credit rating and predicted the outlook for the South American country would ... Read more...
Posted in Uncategorized |
Global economic turmoil affecting India adversely: Pranab
October 22nd, 2011 - 8:04 pm ICT by IANS
New Delhi, Oct 22 (IANS) Finance Minister Pranab Mukherje Saturday said the Indian economy was getting "adversely affected" due to the global economic turmoil but the medium-term prospects for the ... Read more...
Posted in Uncategorized |
South India planters upbeat on growth prospects
October 21st, 2011 - 8:26 pm ICT by IANS
Coonoor (Tamil Nadu), Oct 21 (IANS) Barring tea, planters of coffee, rubber and spices have reason to celebrate ahead of Diwali as they never had it so good on all ... Read more...
Posted in Business |
Moody’s downgrades Spain credit rating
October 19th, 2011 - 1:52 pm ICT by IANS
New York, Oct 19 (IANS) Moody's Investors Service Tuesday downgraded Spain's credit rating by two notches from As2 to A1.Moody's put Spain's credit outlook at negative, warning more downgrade risks ... Read more...
Posted in Business |
US firm invests in Indonesia’s media industry
October 18th, 2011 - 1:30 pm ICT by IANS
Jakarta, Oct 18 (IANS) Saban Capital Group, a Los Angeles-based investment firm, is buying 5 percent of Indonesia's Media Nusantara Citra (MNC) for 692.3 billion rupiah ($78.2 million), the Jakarta ... Read more...
Posted in World |
S&P; cuts Spain’s debt rating
October 14th, 2011 - 3:36 pm ICT by IANS
New York, Oct 14 (IANS) Standard & Poor's have cut Spain's long-term debt rating from AA to AA-, with a negative outlook.The ratings agency said in a statement Thursday that ... Read more...
Posted in Business |
South Korea’s central bank leaves interest rates unchanged
October 13th, 2011 - 2:08 pm ICT by IANS
Seoul, Oct 13 (IANS) The Bank of Korea (BOK) left its benchmark interest rate unchanged at 3.25 percent Thursday.Governor Kim Choong-soo and monetary policy board members decided to freeze the ... Read more...
Posted in Business |
Difficult to sustain high growth without curbing inflation: RBI
September 28th, 2011 - 5:08 pm ICT by IANS
Boston, Sep 28 (IANS) Sustaining high economic growth will be difficult if inflation continues to remain at the current level, Reserve Bank of India (RBI) Executive Director Deepak Mohanty ... Read more...
Posted in Business |
India, China growth good for world economy: US
September 20th, 2011 - 11:35 am ICT by IANS
Washington, Sep 20 (IANS) The United States wants to see growth in major emerging economies like India and China over a sustained period of time as it strengthens the world ... Read more...
Posted in Business |
Business confidence on the decline: CII survey
September 4th, 2011 - 3:13 pm ICT by IANS
New Delhi, Sep 4 (IANS) Uncertainty surrounding the global economy, rising cost of inputs and high interest rates have led to a decline in business confidence in the second quarter ... Read more...
Posted in Business |
Apex finance panel agrees with RBI rate hike
July 27th, 2011 - 8:54 pm ICT by IANS
New Delhi, July 27 (IANS) An apex panel of financial sector regulators, headed by Finance Minister Pranab Mukherjeee, Wednesday agreed with the latest Reserve Bank of India's (RBI) ... Read more...
Posted in Business |