Pepsi test-markets Slice in Canada to tap diaspora market
February 11th, 2012 - 8:15 pm ICT by IANS
New Delhi, Feb 11 (IANS) Fast moving consumer goods major PepsiCo has started test marketing its mango-based drink Slice in Canada to tap the Indian diaspora consumers there."We have started ... Read more...
Posted in Business |
Australian Reserve Bank leaves cash rate unchanged
February 7th, 2012 - 2:57 pm ICT by IANS
Sydney, Feb 7 (IANS) The Reserve Bank of Australia (RBA) announced Tuesday its decision to leave the cash rate unchanged at 4.25 percent following its February board meeting.The decision surprised ... Read more...
Posted in Business |
It’s plunder, says daily on corruption curse in Pakistan
February 7th, 2012 - 12:24 pm ICT by IANS
Islamabad, Feb 7 (IANS) With the losses due to corruption in Pakistan being pegged at a staggering Rs.8,500 billion, a Pakistani daily described it as "plunder" in a country where ... Read more...
Posted in World |
New competition policy can bring down prices: Moily (Lead)
February 6th, 2012 - 9:31 pm ICT by IANS
Kolkata, Feb 6 (IANS) A proposed national competition policy, which is slated to get cabinet approval by next month, will help bring a financial revolution in the country and will ... Read more...
Posted in Business |
Pranab praises Mamata for improving food supplies
February 6th, 2012 - 9:22 pm ICT by IANS
Kolkata, Feb 6 (IANS) Union Finance Minister Pranab Mukherjee Monday praised West Bengal Chief Minister Mamata Banerjee for checking inflation by improving foodgrain supplies in the state."The essential parts ... Read more...
Posted in Politics |
‘New competition policy will bring down food prices’
February 6th, 2012 - 6:26 pm ICT by IANS
Kolkata, Feb 6 (IANS) Describing the proposed national competition policy as the second financial revolution, that would also bring down foodgrain prices, Corporate Affairs Minister M. Veerappa Moily Monday hoped ... Read more...
Posted in Business |
India’s per capita income rises to Rs.53,000
January 31st, 2012 - 8:07 pm ICT by IANS
New Delhi, Jan 31 (IANS) India's per capita income grew by 15.6 percent to Rs.53,331 in 2010-11 as compared to Rs.46,117 in the previous year on the back of 8.4 ... Read more...
Posted in Business |
RBI for more open market operations
January 30th, 2012 - 11:52 pm ICT by IANS
Chennai, Jan 30 (IANS) India's central bank is open to more open market operations to address the issue of liquidity, said a senior official Monday."We are open to more open ... Read more...
Posted in Business |
Sensex closes 378 points lower (Second Lead)
January 30th, 2012 - 5:14 pm ICT by IANS
Mumbai, Jan 30 (IANS) A benchmark index for Indian equities Monday closed 378 points lower as traders booked profits after a three-week rally.The 30-scrip sensitive index (Sensex) of the ... Read more...
Posted in Business |
Will clear all pending cases in three years in UP: Congress
January 27th, 2012 - 9:06 pm ICT by IANS
Lucknow, Jan 27 (IANS) The Congress plans to bring to an end the rising pendency of cases before the courts in Uttar Pradesh in the next three years.Disclosing this while ... Read more...
Posted in Uncategorized |
Britain’s retail sales fall in January
January 27th, 2012 - 2:06 pm ICT by IANS
London, Jan 27 (IANS) Britain's retail sales fell in January as shoppers reined in spending, a survey showed.
According to the latest monthly survey report issued Thursday by the Confederation ... Read more...
Posted in Uncategorized |
US Fed to keep interest rates low
January 26th, 2012 - 4:15 am ICT by IANS
Washington, Jan 26 (IANS) The US Federal Reserve plans to keep key interest rates exceptionally low at least through 2014.The US economy has been "expanding moderately", the Federal Open Market ... Read more...
Posted in Business |
Global economic instability affecting all: Patil
January 25th, 2012 - 9:11 pm ICT by IANS
New Delhi, Jan 25 (IANS) President Pratibha Patil Wednesday said all countries were facing the impact of global economic instability and there were questions about how growth and resources ... Read more...
Posted in Uncategorized |
RBI should cut rates to boost growth: Sharma
January 23rd, 2012 - 6:11 pm ICT by IANS
New Delhi, Jan 23 (IANS) The Reserve Bank of India (RBI) should cut interest rates at its policy review Tuesday to boost industrial growth and investment as inflation had declined, ... Read more...
Posted in Business |
Rate cuts unlikely as RBI reviews policy this week
January 22nd, 2012 - 5:58 pm ICT by IANS
Mumbai Jan 22 (IANS) India Inc's hopes of a rate cut may not happen, atleast this time, even though inflation, the main worry of the Reserve Bank of India (RBI), ... Read more...
Posted in Uncategorized |
Growth slows in Shanghai
January 21st, 2012 - 4:14 pm ICT by IANS
Beijing, Jan 21 (IANS) Shanghai's economy grew 8.2 percent last year, among the slowest of China's provinces and municipalities, but it remains China's richest city.The growth pace moderated from 9.9 ... 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 |
Marico eyes acquisitions up to Rs.1,000 crore
January 17th, 2012 - 6:58 pm ICT by IANS
New Delhi, Jan 17 (IANS) Indian personal consumer goods company Marico is eyeing acquisitions worth up to Rs.1,000 crore ($200 million) across the globe to sustain a healthy growth rate."We ... Read more...
Posted in Business |
Inflation falls to 7.47 percent in December
January 16th, 2012 - 1:54 pm ICT by IANS
New Delhi, Jan 16 (IANS) India's annual inflation based on the wholesale price index fell to 7.47 percent in December as compared to 9.11 percent in the previous month ... Read more...
Posted in Business |
Swedish inflation eases in December 2011
January 13th, 2012 - 3:33 pm ICT by IANS
Stockholm, Jan 13 (IANS) Inflation eased in Sweden to 2.3 percent in December 2011 from 2.8 percent in the previous month, the Swedish Central Statistics Bureau (SCB) said Thursday.In a ... Read more...
Posted in Business |
Pakistani lawmakers told why economy is floundering
January 13th, 2012 - 3:26 pm ICT by IANS
Islamabad, Jan 13 (IANS) Pakistani parliamentarians have been briefed by Finance Minister Abdul Hafeez Shaikh on the three factors -- including the devastating floods in 2010 -- that are burdening ... Read more...
Posted in South Asia |
China’s Producer Price Index rises in December
January 12th, 2012 - 2:04 pm ICT by IANS
Beijing, Jan 12 (IANS) China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, rose 1.7 percent in December year-on-year, the National Bureau of Statistics (NBS) ... Read more...
Posted in Business |
Difficult to meet 4.6 percent fiscal deficit target: Pranab
January 11th, 2012 - 9:05 pm ICT by IANS
New Delhi, Jan 11 (IANS) India is unlikely to meet the 4.6 percent fiscal deficit target for the financial year ending March 31, Finance Minister Pranab Mukherjee said Wednesday."It ... Read more...
Posted in Business |
Sensex falls 89 points; yearly loss widens to 24 percent (Lead)
December 30th, 2011 - 6:27 pm ICT by IANS
Mumbai, Dec 30 (IANS) Key indices of Indian equities markets lost nearly a quarter of their values in 2011 as slower growth and high inflation coupled with the perception ... Read more...
Posted in Uncategorized |
China to spend $158 bn in agriculture, rural development
December 29th, 2011 - 5:24 am ICT by IANS
Beijing, Dec 29 (IANS) China's spending on agriculture and rural development projects will exceed more than one trillion yuan (about $158 billion) in the current fiscal year, a minister said.Zhang ... Read more...
Posted in Business |
Brazil will soon be world’s No.5 economy: Minister
December 28th, 2011 - 12:36 pm ICT by IANS
Sao Paulo, Dec 28 (IANS/EFE) Brazil's finance minister said Tuesday that his country, which now boasts of being the world's sixth-largest economy, will overtake France for the fifth spot before ... Read more...
Posted in Business |
Downturn temporary, India will clock high growth soon: Pranab
December 27th, 2011 - 6:02 pm ICT by IANS
New Delhi, Dec 27 (IANS) The Indian economy would soon be on a higher growth trajectory with inflation moderating and the savings rate going up, Finance Minister Pranab Mukherjee ... Read more...
Posted in Business |
Britain to be hit by recession again in 2012
December 27th, 2011 - 6:00 pm ICT by IANS
London, Dec 27 (IANS) The British economy was facing a "bleak" new year, with a real risk of recession returning during 2012, a think tank has warned.The only good news ... Read more...
Posted in World |
Bankers revise Brazil’s growth outlook downward
December 27th, 2011 - 11:03 am ICT by IANS
Rio de Janeiro, Dec 27 (IANS/EFE) Economists at Brazil's banks have reduced their economic growth forecasts downward to 2.9 percent for 2011, the Central Bank said Monday.This is the fifth ... Read more...
Posted in Business |
US consumer spending goes up in November
December 24th, 2011 - 2:09 pm ICT by IANS
Washington, Dec 23 (IANS) US families slightly boosted their spending in November with their take-home income rising at a slow pace, authorities said Friday.Real personal consumption expenditures (PCE), consumption after ... Read more...
Posted in Business |
Inflation affecting living standards in China
December 22nd, 2011 - 7:42 pm ICT by IANS
Beijing, Dec 22 (IANS) Inflation appears to have hit the lifestyle of people in China with a survey finding that about 70 percent of the Chinese had their standard of ... Read more...
Posted in Life Style |
Russia now world’s sixth largest economy: Medvedev
December 22nd, 2011 - 6:04 pm ICT by IANS
Moscow, Dec 22 (IANS/RIA Novosti) Russia is the world's sixth largest economy, President Dmitry Medvedev said in his state of the nation address Thursday."We have successfully overcome a very difficult ... Read more...
Posted in Politics |
Latin American economy to grow 3.7 percent in 2012: UN panel
December 22nd, 2011 - 12:10 pm ICT by IANS
Santiago, Dec 22 (IANS/EFE) Latin American and Caribbean nations will enjoy growth of 3.7 percent in 2012 after expanding 4.3 percent this year, the UN Economic Commission for Latin America ... Read more...
Posted in Uncategorized |
Pakistan’s economic indicators positive: minister
December 20th, 2011 - 12:43 pm ICT by IANS
Islamabad, Dec 20 (IANS) Pakistan's economic indicators were showing positive results and the government wants to improve the efficiency of state owned enterprises, says Finance Minister Abdul Hafeez Shaikh.Shaikh said ... 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 |
