inflationary pressures

Rs.17,000 crore released into banking system; retail interest rates expected to fall (Roundup)


September 17th, 2012 - 11:22 pm ICT by IANS
Mumbai, Sep 17 (IANS) The Reserve Bank of India (RBI) Monday kept key interest rates unchanged, but cut the cash reserve ratio (CRR) releasing Rs.17,000 crore into the banking system ... Read more...

Posted in Business |

China’s non-manufacturing sector growth goes up (Lead)


September 3rd, 2012 - 1:27 pm ICT by IANS
Beijing, Sep 3 (IANS) The Purchasing Managers Index (PMI) of China's non-manufacturing sector, a key economic indicator, rose 0.7 percentage point to 56.3 percent in August, new survey results indicate.The ... Read more...

Posted in Business |

Slowdown, inflationary pressures affect automobile sales in August (Roundup)


September 1st, 2012 - 9:34 pm ICT by IANS
New Delhi/Chennai, Sep 1 (IANS) Production losses at Maruti Suzuki, high interest rates and rising fuel prices resulted in lower sales for the auto industry in August.Crippled by a lockout ... Read more...

Posted in Business |

India’s financial system robust, but risks remain: RBI (Lead)


June 28th, 2012 - 11:00 pm ICT by IANS
Mumbai, June 28 (IANS) India's financial system "remains robust" but challenges to stability have increased in recent months owing to global economic uncertainty and sluggish domestic growth, the Reserve Bank ... Read more...

Posted in Business |

Despite risks, India’s financial system robust: RBI


June 28th, 2012 - 8:15 pm ICT by IANS
New Delhi, June 28 (IANS) India's financial system is robust despite the rise in global risks and domestic macro-economic conditions, the Reserve Bank of India (RBI) said Thursday."The financial system ... Read more...

Posted in Business |

Fitch cuts India outlook to negative, Pranab responds (Lead)


June 18th, 2012 - 9:46 pm ICT by IANS
New Delhi, June 18 (IANS) Fitch Ratings Monday downgraded India's economic outlook to negative from stable, saying the country's growth outlook could deteriorate if policy-making and governance do not ... Read more...

Posted in Business |

Financial stability panel takes up Eurozone contingency plan


June 14th, 2012 - 9:23 pm ICT by IANS
Hyderabad, June 14 (IANS) A sub-committee of the Indian government's Financial Stability Development Council (FSDC) Thursday discussed recent developments in the global economy, specifically in the Eurozone, the US and ... Read more...

Posted in Business |

India concerned about oil price volatility: Mukherjee


April 22nd, 2012 - 8:49 pm ICT by IANS
Washington, April 22 (IANS) India is concerned about the volatility in the prices of oil, gas and other commodities as they were not aligned to economic fundamentals, Finance Minister ... Read more...

Posted in Business |

Rate cut will stimulate growth: Montek


April 17th, 2012 - 9:09 pm ICT by IANS
Bangalore, April 17 (IANS) Reduction of 50 basis points in repurchase (repo) rate by the Reserve Bank of India (RBI) would stimulate growth and put the economy back on rail, ... Read more...

Posted in Business |

India Inc welcomes rate cut


April 17th, 2012 - 6:07 pm ICT by IANS
New Delhi, April 17 (IANS) Indian industry Tuesday welcomed the Reserve Bank of India's (RBI) move to cut some key lending rates by 50 basis points, citing that it will ... Read more...

Posted in Business |

South Korea’s central bank freezes key interest rate


April 13th, 2012 - 1:25 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's central bank Friday said it froze the benchmark interest rate at 3.25 percent for April, leaving the 7-day repo rate unchanged for 10 straight ... Read more...

Posted in Business |

Pacific region’s economic growth to slow down: ADB


March 13th, 2012 - 2:58 pm ICT by IANS
Manila, March 13 (IANS) Economic growth in the Pacific region is expected to slow to 6.0 percent this year from 7.0 percent in 2011, the Asian Development Bank (ADB) said.The ... 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 |

Hindustan Unilever’s third quarter net profit up 18 percent


February 6th, 2012 - 4:46 pm ICT by IANS
Mumbai, Feb 6 (IANS) Fast moving consumer goods (FMCG) major Hindustan Unilever Monday reported an 18.24 percent increase in its net profit for the quarter ended Dec 31 at Rs.753.81 ... Read more...

Posted in Business |

RBI wants government to deregulate diesel price


January 24th, 2012 - 8:47 pm ICT by IANS
Mumbai, Jan 24 (IANS) The Reserve Bank of India (RBI) Tuesday suggested that the government deregulate the price of diesel fully to help contain aggregate demand and the trade deficit ... Read more...

Posted in Business |

CRR cut will ease liquidity problems, says Pranab


January 24th, 2012 - 7:57 pm ICT by IANS
New Delhi, Jan 24 (IANS) The Reserve Bank of India's (RBI) decision to cut the cash reserve ratio (CRR) by half a percentage point will help ease the liquidity ... Read more...

Posted in Business |

Indian retail sector outlook for 2012 stable: Fitch


January 18th, 2012 - 6:23 pm ICT by IANS
New Delhi, Jan 18 (IANS) The outlook for the Indian retail sector would remain stable in 2012 with concerns remaining over inflationary pressures and economic growth, ratings agency Fitch ... 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 |

No tax hike for Maharashtra realty sector


December 22nd, 2011 - 8:31 pm ICT by IANS
Mumbai, Dec 22 (IANS) Reeling under severe inflationary pressures, Maharashtra's realty industry Thursday welcomed Chief Minister Prithviraj Chavan's assurance that the ready reckoner rates would not be revised in 2012.Ready ... 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 |

Rupee hits new low for third straight session (Roundup)


December 14th, 2011 - 8:26 pm ICT by IANS
New Delhi, Dec 14 (IANS) The Indian rupee fell to a record low Wednesday at 53.88 to a dollar on increased demand for the US currency from importers and ... Read more...

Posted in Business |

November headline inflation at 9.11 percent


December 14th, 2011 - 1:47 pm ICT by IANS
New Delhi, Dec 14 (IANS) India's annual inflation based on wholesale prices continued to remain at elevated levels, official data released Wednesday showing it at 9.11 percent in November.Expectations of ... Read more...

Posted in Business |

Rupee slide continues, now at another all-time low


December 14th, 2011 - 12:18 pm ICT by IANS
Mumbai, Dec 14 (IANS) The Indian rupee fell to another all-time intra-day low Wednesday to 53.75 to a dollar, amid continued demand for the greenback from importers and gloomy ... Read more...

Posted in Business |

Rupee recovers from record low but outlook gloomy


December 13th, 2011 - 7:16 pm ICT by IANS
Mumbai, Dec 13 (IANS) The Indian rupee, which Tuesday slipped to a new low of 53.50 to a US dollar intra-day, recovered a bit, but weakness in the currency persisted ... Read more...

Posted in Business |

Sensex recovers to close 132 points higher


December 13th, 2011 - 6:42 pm ICT by IANS
Mumbai, Dec 13 (IANS) Helped by some late buying in heavyweight scrips, a benchmark index for Indian equities Tuesday rose sharply in the last hour of trade and closed ... Read more...

Posted in Business |

RBI may revise inflation projection


December 8th, 2011 - 9:57 pm ICT by IANS
Kolkata, Dec 8 (IANS) Stating that it had already factored in rupee depreciation and soaring crude oil prices into its projection of 7 percent overall inflation by March next year, ... Read more...

Posted in Business |

No direct link between rate hike and inflation: Pranab


November 29th, 2011 - 6:16 pm ICT by IANS
New Delhi, Nov 29 (IANS) With inflation remaining stubbornly near double digits in the last two years despite an aggressive monetary tightening policy by the Reserve Bank of India ... Read more...

Posted in Business |

CPI-M blames government for inflation


November 24th, 2011 - 5:13 pm ICT by IANS
New Delhi, Nov 24 (IANS) The Communist Party of India-Marxist (CPI-M) Thursday blamed the government for rising food prices and sought a ban on futures trading in sugar, wheat and ... Read more...

Posted in Politics |

IT spending in India to grow 9 percent by 2012 at $79.8 bn


November 21st, 2011 - 6:45 pm ICT by IANS
New Delhi, Nov 21 (IANS) Despite global economic challenges, enterprises will continue to invest in Information Technology (IT) with IT spending in India projected to grow 9.1 percent at $79.8 ... Read more...

Posted in Sci-Tech |

‘Big-ticket reforms can alter perception of policy paralysis’


November 20th, 2011 - 4:38 pm ICT by IANS
New Delhi, Nov 20 (IANS) Some big-ticket reforms proposed over the next couple of months, such as foreign investment in multi-brand retail, pension fund and aviation, will help fend widespread ... Read more...

Posted in Uncategorized |

US consumer prices dip


November 17th, 2011 - 11:04 am ICT by IANS
Washington, Nov 17 (IANS/EFE) Consumer prices in the US declined 0.1 percent in October, while the 12-month inflation rate stood at 3.5 percent, the Labor Department said Wednesday.Excluding the more ... Read more...

Posted in Business |

Industry hails RBI intent not to hike rates further


October 25th, 2011 - 5:15 pm ICT by IANS
New Delhi, Oct 25 (IANS) Corporate India heaved a sigh of relief as the Reserve Bank of India (RBI) Tuesday indicated that it would not hike rates further, after increasing ... 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 |

Mumbai’s auto-richshaws to get electronic meters


October 9th, 2011 - 9:29 pm ICT by IANS
Mumbai, Oct 9 (IANS) The Maharashtra government Sunday ordered the installation of electronic meters on the around 100,000 auto-rickshaws plying in Mumbai's eastern and western suburbs to prevent over-charging by ... Read more...

Posted in Business |

Hope prices come down, Pranab wishes on Bijaya Dasami


October 6th, 2011 - 9:20 pm ICT by IANS
Birbhum (West Bengal), Oct 6 (IANS) Wishing the people a happy 'Bijaya Dasami', union Finance Minister Pranab Mukherjee Thursday hoped that prices of essentials would come down and the ... Read more...

Posted in Business |

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