medium term

South Africa plans massive investment in railways


August 17th, 2012 - 1:11 pm ICT by IANS
Johannesburg, Aug 17 (IANS) The South African government will over the next few years invest over $5 billion in passenger rail infrastructure and services, a minister said here.Transport Minister Dikobe ... Read more...

Posted in Business |

RBI keeps key rates unchanged, cuts SLR by 1 percent (Roundup)


July 31st, 2012 - 9:32 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June saying lowering them would raise inflationary pressure without ... Read more...

Posted in Business |

National Bank of Abu Dhabi’s profits up


July 25th, 2012 - 12:34 am ICT by IANS
Abu Dhabi, July 24 (IANS/WAM) The National Bank of Abu Dhabi's (NBAD) net profits rose by 6.9 percent to 2,087 million dirhams (about $568 million) in the first half of ... Read more...

Posted in Business |

‘India must cut subsidies, push reforms to defend rupee’


June 24th, 2012 - 5:09 pm ICT by IANS
New Delhi, June 24 (IANS) The Indian rupee is likely to slide further and might soon touch 58 to the dollar as regulatory measures by the central bank are unlikely ... Read more...

Posted in Business |

Inflation too high, says RBI; defends tight money policy (Lead)


June 19th, 2012 - 10:26 pm ICT by IANS
Mumbai, June 19 (IANS) Reserve Bank of India Governor Duvvuri Subbarao Tuesday said inflation is still above the acceptable level and it cannot be brought down without monetary tightening and ... Read more...

Posted in Business |

Inflation can’t be curbed without sacrificing growth: RBI governor


June 15th, 2012 - 1:02 am ICT by IANS
Hyderabad, June 14 (IANS) Reserve Bank of India (RBI) governor D. Subbarao Thursday said inflation can't be controlled without sacrificing some growth.Delivering the Obayya memorial lecture here, he said that ... Read more...

Posted in Business |

EIH posts 90 percent hike in net profit


May 29th, 2012 - 11:52 pm ICT by IANS
Kolkata, May 29 (IANS) EIH Limited, a member of The Oberoi Group, Tuesday announced that it has clocked a 89.68 percent hike in its net profit to Rs.122.42 crore during ... Read more...

Posted in Business |

Neyveli Lignite Corp to add 1,000 MW this fiscal


May 28th, 2012 - 10:37 pm ICT by IANS
Chennai, May 28 (IANS) Integrated lignite mining-cum-power generator Neyveli Lignite Corporation Ltd (NLC) hopes to add around 1,000 MW this fiscal to its existing 2,740 MW capacity, a top company ... Read more...

Posted in Business |

New Zealand interest rate unchanged


April 26th, 2012 - 1:43 pm ICT by IANS
Wellington, April 26 (IANS) New Zealand's central bank Thursday announced it is to leave its interest rate unchanged at 2.5 percent.The Reserve Bank of New Zealand (RBNZ) hinted that the ... 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 |

Mexican government expects economy to grow in 2013


April 12th, 2012 - 11:19 am ICT by IANS
Mexico City, April 12 (IANS/EFE) Mexico's gross domestic product (GDP) is expected to grow 3.8 percent in 2013, with inflation running at 3 percent, the budget deficit at 2 percent ... Read more...

Posted in Business |

Australian consumer prices go up


April 2nd, 2012 - 1:28 pm ICT by IANS
Sydney, April 2 (IANS) Australia's consumer prices rose in March due to price rise in holiday travel and accommodation, alcohol and fuel, according to a survey released Monday.The survey was ... Read more...

Posted in Business |

IMF urges euro zone to contain crisis


March 2nd, 2012 - 2:29 pm ICT by IANS
Washington, March 2 (IANS) The euro area should take more steps to check the debt crisis, as global recovery continued to be threatened by strains in the region and fragility ... Read more...

Posted in Business |

India to aim at 8 percent plus growth next fiscal: Namo Narain Meena (Interview)


January 12th, 2012 - 10:48 am ICT by IANS
Jaipur, Jan 12 (IANS) India's "growth story is intact" and the goverment would target more than eight percent growth in the next financial year on the back of easing inflation ... Read more...

Posted in Business |

Indian economy will grow at 7 percent in 2011-12: PM


January 8th, 2012 - 2:46 pm ICT by IANS
Jaipur, Jan 8 (IANS) Despite turbulence in developed economies, India's gross domestic product (GDP) will grow by 7 percent in the current fiscal and is geared to return to ... Read more...

Posted in Business |

Bicycle-powered Christmas tree lighted in Mexico


November 28th, 2011 - 12:41 pm ICT by IANS
Puebla, Mexico, Nov 28 (IANS/EFE) A Christmas tree whose 8,000 lights get their electricity from the kinetic energy of 15 bicycles has been lighted in the Mexican state of Puebla, ... Read more...

Posted in World |

World Bank projects 8.4 percent growth for China in 2012


November 22nd, 2011 - 1:19 pm ICT by IANS
Singapore, Nov 22 (IANS) The World Bank Tuesday projected a growth of 9.1 percent for China in 2011, followed by a slower growth of 8.4 percent in 2012.The developing East ... Read more...

Posted in Business |

No rate hike, global cues helps Sensex close 516 points up


October 28th, 2011 - 6:51 pm ICT by IANS
Mumbai, Oct 28 (IANS) Indian equities markets closed near the day's high Friday with a key index closing 516 points higher, buoyed by hopes of an end to the ... Read more...

Posted in Uncategorized |

Reducing food inflation will take some time: Pranab


September 3rd, 2011 - 8:04 pm ICT by IANS
Kolkata, Sep 3 (IANS) Conceding that double-digit food inflation is worrisome, union Finance Minister Pranab Mukherjee Saturday said the monetary policies of the Reserve Bank of India (RBI) will ... Read more...

Posted in Business |

Japanese firms eye India with pills to keep you young, healthy


August 29th, 2011 - 1:33 pm ICT by IANS
New Delhi, Aug 29 (IANS) In a bid to tap the $1-billion nutraceutical market in India products that combine the benefits of nutrition with pharmaceuticals two Japanese firms ... Read more...

Posted in Business |

India is focus for world’s largest serviced residence operator


August 7th, 2011 - 1:49 pm ICT by IANS
Kolkata, Aug 7 (IANS) Ascott, which calls itself the world's largest serviced residence owner-operator, is expanding its footprint in India in cities like Mumbai, Delhi and Pune, adding to its ... Read more...

Posted in Business |

US avoids default; retains AAA rating for now


August 3rd, 2011 - 10:52 am ICT by IANS
Washington, Aug 3 (IANS) As the US avoided a disastrous default hours before the midnight deadline, two major ratings agencies reaffirmed the federal government's AAA rating, but warned America ... Read more...

Posted in Business |

India set to grow at 8.2 percent: IMF


June 17th, 2011 - 8:08 pm ICT by IANS
Washington, June 17 (IANS) Keeping its predictions for India's growth unchanged at 8.2 percent this year and 7.8 percent in 2012, the International Monetary Fund (IMF) says global activity is ... 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 |

India, China leading dynamic Asia’s growth: IMF


April 28th, 2011 - 1:05 pm ICT by IANS
Washington, April 28 (IANS) Led by India and China, growth is expected to reach around 8 percent in emerging Asia, the International Monetary Fund (IMF) said today in its latest ... Read more...

Posted in Uncategorized |

Ratings reduce borrowing costs of SMEs: Crisil


April 19th, 2011 - 7:01 pm ICT by IANS
New Delhi, April 19 (IANS) A good rating enhances access to funds and reduces borrowing costs of small and medium enterprises by upto 1.25 percent, Credit Rating and Information Services ... Read more...

Posted in Business |

EU announces trade agreement with Colombia and Peru


April 13th, 2011 - 9:27 pm ICT by BNO News
BRUSSELS (BNO NEWS) -- The European Union on Wednesday finalized a trade agreement with Colombia and Peru that will open up markets and will include a series of far-reaching measures.The trade relationship ... Read more...

Posted in Business |

Using drones against Al-Qaeda won’t stop new attacks in Europe, US: Jihad expert


April 7th, 2011 - 6:15 pm ICT by ANI
London, Apr. 7 (ANI): An expert in jihadism at the University of Granada has said drones won't be efficient or enough to prevent Al Qaeda attacks in Europe and USA.Professor Javier ... Read more...

Posted in World |

L Capital’s $640 million for investments in India, China


March 30th, 2011 - 4:13 pm ICT by IANS
New Delhi, March 30 (IANS) International private equity fund L Capital Wednesday said it has launched its fourth private equity fund worth $640 million for investments in sectors like consumer ... Read more...

Posted in Business |

Budget promises reforms, growth-focus, inflation-check (Second Lead)


February 28th, 2011 - 1:38 pm ICT by IANS
New Delhi, Feb 28 (IANS) With a fair dose of reforms in the form of direct kerosene and fertiliser subsidies to users, Finance Minister Pranab Mukherjee Monday presented the federal budget ... Read more...

Posted in Business |

Mukherjee begins presenting federal budget for 2011-12


February 28th, 2011 - 12:50 pm ICT by IANS
New Delhi, Feb 28 (IANS) Stating that India has bounced back after the global financial crisis with broad-based growth, Finance Minister Pranab Mukherjee began presenting the federal budget for 2011-12 in ... Read more...

Posted in Business |

VW to build $550 mn engine plant in Mexico


January 29th, 2011 - 12:45 pm ICT by IANS
Mexico City, Jan 29 (IANS/EFE) The Mexican subsidiary of German automaker Volkswagen plans to invest $550 million in construction of an engine plant in the central city of Silao.The project will generate ... Read more...

Posted in Business |

Larsen and Toubro Q3 net profit up 10.77 percent


January 17th, 2011 - 8:52 pm ICT by IANS
Mumbai, Jan 17 (IANS) Engineering and construction major Larsen and Toubro Monday reported a 10.77 percent rise in the net profit at Rs.840.53 crore (about $180 million) for the third quarter ended ... Read more...

Posted in Business |

Demand for homes to drive real estate sector in 2011: Fitch Ratings


January 10th, 2011 - 7:04 pm ICT by IANS
Chennai, Jan 10 (IANS) Credit rating agency Fitch Ratings Monday said the demand for residential units, driven by high growth rate in the Indian economy and rapid urbanisation, are the main drivers ... Read more...

Posted in Business |

Spanish PM expects weak economic growth in fourth quarter


December 31st, 2010 - 1:04 pm ICT by IANS
Madrid, Dec 31 (IANS/EFE) The Spanish economy will grow in the fourth quarter of this year, but it will be a "slow and weak" growth, Prime Minister Jose Luis Rodriguez Zapatero said ... Read more...

Posted in Business |

« Previous Entries

Subscribe