Industrial output sluggish in December, grows at 1.8 percent
February 10th, 2012 - 3:20 pm ICT by IANS
New Delhi, Feb 10 (IANS) Pulled down by negative capital goods production, India's industrial output in December grew at a snail's pace at 1.8 percent, underlining the slowdown in the ... 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 |
United Bank of India’s Q3 net up by 38.5 percent
January 31st, 2012 - 9:12 pm ICT by IANS
Kolkata, Jan 31 (IANS) Public sector lender United Bank of India Tuesday reported a 38.5 percent jump in its net profit in the quarter ended Dec 31, 2011 to Rs.2.26 ... Read more...
Posted in Business |
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 |
Sensex quiet in morning trade, above 17,000
January 25th, 2012 - 11:54 am ICT by IANS
Mumbai, Jan 25 (IANS) A benchmark index for Indian equities was ruling quiet in morning trade but managed to cross the 17 000 mark Wednesday, a day after rallying ... Read more...
Posted in Business |
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 |
US stocks mixed amid tepid data
January 13th, 2012 - 2:42 am ICT by IANS
New York, Jan 13 (IANS) US stocks traded mixed Thursday as US economic data worried investors, but news from Europe provided support.The US Commerce Department said total retail sales increased ... Read more...
Posted in Business |
Food inflation dips to low of minus 3.36 percent (Lead)
January 5th, 2012 - 3:05 pm ICT by IANS
New Delhi, Jan 5 (IANS) India's annual food inflation slipped into negative for the first time in "recent memory" as prices of vegetables, onions and potatoes fell sharply, official ... Read more...
Posted in Business |
Food inflation dips to two-year low
January 5th, 2012 - 2:43 pm ICT by IANS
New Delhi, Jan 5 (IANS) India's annual food inflation slipped into negative for the first time in "recent memory" as prices of vegetables, onions and potatoes fell sharply, official ... Read more...
Posted in Uncategorized |
Sensex plummets in late trade, closes 346 points down (Lead)
December 16th, 2011 - 5:20 pm ICT by IANS
Mumbai, Dec 16 (IANS) A benchmark index for Indian equities Friday plummeted in late trade and provisionally closed 346 points lower. Capital goods, realty and banking stocks were among ... 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 |
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 |
Indonesian central bank pushes for cut in lending rates
December 12th, 2011 - 1:52 pm ICT by IANS
Jajarta, Dec 12 (IANS) Indonesian central bank has asked commercial banks in the country to lower their interest rates as the country will rely much on its domestic consumption to ... Read more...
Posted in Business |
Bank of Canada holds lending rate at one percent
December 7th, 2011 - 1:45 pm ICT by IANS
Ottawa, Dec 7 (IANS) The Bank of Canada has maintained interest rates at 1 percent after warning that the recession in Europe will be worse than expected.Bank of Canada Governor ... Read more...
Posted in Uncategorized |
Obama’s plan to ease student loan burden
October 27th, 2011 - 3:42 am ICT by IANS
Washington, Oct 27 (IANS) US President Barack Obama Wednesday unveiled a plan that would help relieve the burden of students struggling to pay their loans."We should be doing everything ... Read more...
Posted in Uncategorized |
Obama launches plan to help families facing foreclosure
October 26th, 2011 - 11:26 am ICT by IANS
Washington, Oct 26 (IANS/EFE) President Barack Obama announced a series of measures to make refinancing mortgages easier for families facing the threat of foreclosure, contrasting his administration's efforts with ... Read more...
Posted in Business |
`Pakistan’s central bank should control government spending’
October 10th, 2011 - 12:33 pm ICT by IANS
Islamabad, Oct 10 (IANS) Pakistan's central bank should find some way to control government spending as there is "no real way of ensuring an economic recovery" without that, said a ... Read more...
Posted in South Asia |
General Motors India sales up 17.35 percent in September
October 1st, 2011 - 5:38 pm ICT by IANS
New Delhi, Oct 1 (IANS) General Motors India Saturday reported an increase of 17.35 percent in sales at 10,112 units sold during September as against 8,617 units during the same ... Read more...
Posted in Business |
Moody’s postpones decision on Italy’s downgrade for a month
September 17th, 2011 - 6:04 pm ICT by IANS
Moscow, Sep 17 (IANS/RIA Novosti) Moody's international rating agency has extended its review for possible downgrade of Italy's Aa2 local and foreign currency government bond ratings, it said in a ... Read more...
Posted in Business |
Britain turning a nation of hoarders?
September 16th, 2011 - 8:24 pm ICT by IANS
London, Sep 16 (IANS) Britain is becoming a nation of hoarders, a new research has found.With interest rates being low, people in Britain have started either to invest in art ... Read more...
Posted in World |
‘No pre-payment charge on floating rate bank loans’
September 6th, 2011 - 6:51 pm ICT by IANS
Mumbai, Sep 6 (IANS) To help common people better manage their borrowing costs in view of fluctuating interest rates, banking ombudsmen have asked all banks not to levy any fee ... Read more...
Posted in Uncategorized |
Deregulate savings bank account product wholly: PNB chief
August 24th, 2011 - 10:59 pm ICT by IANS
Kolkata, Aug 24 (IANS) Stressing the need to deregulate the savings account product in its entirety, a top official of the state-run Punjab National Bank Wednesday said mere deregulation of ... Read more...
Posted in Business |
Tata plans 100 utility vehicle showrooms
August 10th, 2011 - 11:09 pm ICT by IANS
Kolkata, Aug 10 (IANS) Automobile major Tata Motors is planning 100 exclusive utility vehicle (UV) showrooms across the country as part of its enhanced focus on the segment, a company ... Read more...
Posted in Business |
Dow Jones Industrial Average down as trading opens
August 10th, 2011 - 10:07 pm ICT by Aishwarya Bhatt
New York, Aug 10 (THAINDIAN NEWS) The Dow Jones Industrial Average shed most of the gains it made on Tuesday at the opening of trading on Wednesday. Just an hour into trading ... Read more...
Posted in Business |
Reserve Bank of India Governor D.Subbarao gets two-year extension
August 9th, 2011 - 3:14 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government Tuesday approved the extension of Reserve Bank of India Governor D. Subbarao's tenure by two years, which officials said could be because of ... Read more...
Posted in Business |
China likely to further raise interest rates: Analysts
August 7th, 2011 - 2:56 pm ICT by IANS
Beijing, Aug 7 (IANS) China is likely to increase benchmark interest rates again in the near term to curb inflation, say analysts.A let-up of the government's tightening measures in the ... Read more...
Posted in Business |
Union Bank of India hikes base rate by 50 basis points
August 6th, 2011 - 5:09 pm ICT by IANS
Mumbai, Aug 6 (IANS) Public sector lender Union Bank of India (UBI) Saturday said it has increased its base rate by 50 basis points following hike in key interest rates ... Read more...
Posted in Business |
GM India eyes 25 percent growth, Cadillac launch not soon
August 4th, 2011 - 5:10 pm ICT by IANS
Kolkata, Aug 4 (IANS) General Motors expects its India operations to grow by 20-25 percent this financial year despite high auto interest rates and inflation that have slowed the country's ... Read more...
Posted in Business |
Hyundai Motor’s July sales down 1.5 percent
August 1st, 2011 - 4:46 pm ICT by IANS
New Delhi, Aug 1 (IANS) Automobile major Hyundai Motor Monday reported a decline of 1.5 percent in sales for July at 49,667 units as against 50,411 units in the corresponding ... Read more...
Posted in Business |
Interest rate hike won’t curb inflation, says BJP
July 27th, 2011 - 7:57 pm ICT by IANS
New Delhi, July 27 (IANS) Contending that the interest rate hike by the Reserve Bank of India will not help curb inflation, the Bharatiya Janata Party said the government ... Read more...
Posted in Politics |
Maruti Suzuki’s Q1 net profit zooms at 18.02 percent
July 26th, 2011 - 3:10 pm ICT by IANS
Mumbai, July 26 (IANS) Automobile giant Maruti Suzuki Tuesday reported an increase of 18.02 percent in its net profit for the first quarter of the current fiscal at Rs.549.23 crore, ... Read more...
Posted in Business |
Another rate hike feared in central bank’s policy review Tuesday
July 25th, 2011 - 1:42 pm ICT by IANS
Mumbai, July 25 (IANS) All eyes will be on the Reserve Bank of India (RBI) as it takes up a review of the monetary policy Tuesday, with most fearing ... Read more...
Posted in Business |
China’s bank lending reaches $97 bn in June
July 12th, 2011 - 11:07 am ICT by IANS
Beijing, July 12 (IANS) China's bank lending rebounded to 633.9 billion yuan ($97.52 billion) in June from May's 551.6 billion yuan, Xinhua reported Tuesday.The June figure was 20.7 billion yuan ... Read more...
Posted in Business |
Yes Bank to invest Rs.5,000 crore in education infrastructure
July 9th, 2011 - 11:18 pm ICT by IANS
Kolkata, July 9 (IANS) Yes Bank is planning to raise its investment in the educational infrastructure sector 10 times to Rs.5,000 crore by 2015, a top official said here Saturday.The ... Read more...
Posted in Business |
