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IMF lowers 2012 growth outlook for South Korea


September 21st, 2012 - 2:22 pm ICT by IANS
Seoul, Sep 21 (IANS) The International Monetary Fund (IMF) lowered Friday its 2012 economic growth outlook for South Korea to 3 percent from 3.5 percent estimated in April, citing the ... Read more...

Posted in Business |

Air passenger traffic falls for fourth straight month


September 18th, 2012 - 6:38 pm ICT by IANS
New Delhi, Sep 18 (IANS) Domestic air passenger traffic fell 3.70 percent for the fourth straight month in August, which stood at 43.69 lakh from 45.37 lakh travellers in July, ... Read more...

Posted in Business |

46 mn Americans live in poverty


September 13th, 2012 - 8:04 am ICT by IANS
Washington, Sep 13 (IANS) About 46 million Americans lived in poverty last year, accounting for 15 percent of the population, the US census bureau announced Wednesday.The poverty rate was not ... Read more...

Posted in Health Science |

IIP grows 0.1 percent in July, government calls meeting to revive manufacturing (Lead)


September 12th, 2012 - 8:09 pm ICT by IANS
New Delhi, Sep 12 (IANS) India's industrial output grew in July, reversing the contraction in June, but at a marginal 0.1 percent from a year earlier, government data showed ... Read more...

Posted in Business |

Blake Lively wants a lot of kids


September 12th, 2012 - 7:24 pm ICT by Aishwarya Bhatt
Los Angeles, Sept 12 (THAINDIAN NEWS) Blake Lively and Ryan Reynolds who have been seeing each other since the previous year have finally decided to tie the knot. This is after they ... Read more...

Posted in Entertainment |

Industrial output in July grows at 0.1 percent


September 12th, 2012 - 5:27 pm ICT by IANS
New Delhi, Sep 12 (IANS) India's industrial production grew in July, reversing the contraction in June, but at a marginal 0.1 percent from a year earlier, government data showed Wednesday.According ... Read more...

Posted in Business |

Remittances to India rose to $66.13 bn in 2011-12


September 7th, 2012 - 9:34 pm ICT by IANS
New Delhi, Sep 7 (IANS) Remittances to India surged to $66.13 billion in 2011-12 as compared to $55.62 billion in the previous year, Minister of Overseas Indian Affairs Vayalar Ravi ... Read more...

Posted in Business |

China’s 2011 GDP growth revised upward


September 5th, 2012 - 5:15 pm ICT by IANS
Beijing, Sep 5 (IANS) China's gross domestic product (GDP) growth for 2011 has been revised upward by 0.1 percentage point to 9.3 percent from the previous year, the National Bureau ... Read more...

Posted in Business |

SJVNL declares Rs.388.84 crore dividend


September 4th, 2012 - 7:48 pm ICT by IANS
Shimla, Sep 13 (IANS) Power utility Satluj Jal Vidyut Nigam Ltd (SJVNL) has declared a Rs.388.84 crore dividend for the last fiscal, the company said here Tuesday.Addressing the annual general ... Read more...

Posted in Business |

42 die in Morocco accident


September 4th, 2012 - 5:59 pm ICT by IANS
Rabat, Sep 4 (IANS) Forty-two people were killed and 24 injured Tuesday when their passenger bus fell into a ravine in southern Morocco, a media report said.The accident occurred at ... Read more...

Posted in Uncategorized |

India’s economic growth may fall below 6 percent: CII


September 2nd, 2012 - 6:51 pm ICT by IANS
New Delhi, Sep 2 (IANS) A majority of CEOs are pessimistic about the Indian economy and feel that the gross domestic product (GDP) growth would fall below six percent in ... Read more...

Posted in Uncategorized |

US banks’ net income rises


August 29th, 2012 - 1:07 pm ICT by IANS
Washington, Aug 29 (IANS) US banks' net income in the second quarter of this year continued to increase, driven by lower loan-loss provisions and higher gains on loan sales, the ... Read more...

Posted in Uncategorized |

Air passenger traffic falls for third straight month


August 17th, 2012 - 7:06 pm ICT by IANS
New Delhi, Aug 17 (IANS) Domestic air passenger traffic fell 11.17 percent for the third straight month in July, which stood at 45.37 lakh from 51.08 lakh travellers in ... Read more...

Posted in Uncategorized |

NALCO’s Q1 net profit down 41 per cent


August 16th, 2012 - 7:27 pm ICT by IANS
Bhubaneswar, Aug 16 (IANS) The state-run National Aluminium Company Ltd (NALCO). Thursday said it has recorded a 41 per cent decline in net profit in the first quarter ended ... Read more...

Posted in Business |

India’s July exports dip 14 percent


August 14th, 2012 - 5:43 pm ICT by IANS
New Delhi, August 14 (IANS) India's July exports declined 14.8 percent, according to data released here Tuesday.Exports stood at $22.4 billion compared to July 2011 when they were $26.3 billion. ... Read more...

Posted in Business |

Inflation down by 6.87 percent


August 14th, 2012 - 4:33 pm ICT by IANS
New Delhi, Aug 14 (IANS) India's headline inflation fell to 6.87 percent in July from 7.25 percent in the previous month, putting pressure on the Reserve Bank of India to ... Read more...

Posted in Business |

Coal India reports marginal net profit growth in Q1 (Lead)


August 13th, 2012 - 11:54 pm ICT by IANS
New Delhi/Kolkata, Aug 13 (IANS) State miner Coal India Limited (CIL) Monday declared a marginal net profit growth with a stand-alone net profit of Rs.45,765.70 million for the quarter ended ... Read more...

Posted in Business |

Coal India’s marginal net profit growth in Q1


August 13th, 2012 - 8:49 pm ICT by IANS
New Delhi, Aug 13 (IANS) State miner Coal India Limited (CIL) Monday declared a marginal net profit growth with a stand-alone net profit of Rs.45,765.70 million for the quarter ended ... Read more...

Posted in Business |

China spent $15 bn on poor students’ education


August 9th, 2012 - 11:03 pm ICT by IANS
Beijing, Aug 9 (IANS) China spent nearly 100 billion yuan ($15.7 billion) to support education for poor students, a media report said Thursday.The total amount spent on sponsoring students reached ... Read more...

Posted in World |

Indian Oil Corporation loss widens to Rs.22,450.95 crore


August 9th, 2012 - 5:04 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government-run oil marketing firm Indian Oil Corporation Thursday announced Rs.22,450.95 crore loss for the quarter ended June 30, 2012.The company's loss has widened sharply ... Read more...

Posted in Business |

Hilsa selling at Rs.1,000-1,500 in Bengal, prices to continue soaring


August 8th, 2012 - 5:00 pm ICT by IANS
Kolkata, Aug 8 (IANS) The monsoon delicacy Hilsa, without which a Bengali platter is never complete, has been selling between Rs.1,000 and Rs.1,500 and a state minister says the silvery ... Read more...

Posted in Business |

Chidambaram’s efforts will help revive growth: FICCI


August 7th, 2012 - 8:10 pm ICT by IANS
New Delhi, Aug 7 (IANS) Enthused by Finance Minister P. Chidambaram's assurance of fine-tuning policies, industry body FICCI Tuesday said this would help revive economic growth."It is quite obvious ... Read more...

Posted in Business |

Carborundum Universal net down by 31 percent


August 7th, 2012 - 8:01 pm ICT by IANS
Chennai, Aug 7 (IANS) City-based abrasives major Carborundum Universal Ltd closed the first quarter with 6 percent sales growth and 31 percent net profit fall as compared to previous year's ... Read more...

Posted in Business |

Bankruptcies remain at record level in Spain


August 7th, 2012 - 1:23 pm ICT by IANS
Madrid, Aug 7 (IANS/EFE) A record 2,272 Spanish individuals and firms declared bankruptcy in the second quarter, up 28.6 percent from the same period in 2011, the National Statistics Institute, ... Read more...

Posted in Business |

Tube Investments of India net down Rs.11.59 crore


August 6th, 2012 - 8:17 pm ICT by IANS
Chennai, Aug 6 (IANS) City-based multi-product company Tube Investments Monday announced a Rs.11.59 crore fall in net profit in the first quarter of the current fiscal as against corresponding period ... Read more...

Posted in Business |

BGR Energy confident of bagging new orders


August 4th, 2012 - 1:58 pm ICT by IANS
Chennai, Aug 4 (IANS) City based engineering-procurement-construction (EPC) company, BGR Energy Systems Ltd., targeting a revenue of Rs.3,750 crore this fiscal, is confident of beefing up its order book position ... Read more...

Posted in Business |

City Union Bank to raise Rs.250 crore through rights issue


August 3rd, 2012 - 6:03 pm ICT by IANS
Chennai, Aug 3 (IANS) City Union Bank will raise Rs.250 crore through a rights issue this year to meet its growing business needs and capital adequacy ratio (CAR), said a ... Read more...

Posted in Business |

Mahindra Satyam quarterly net profit rises 56 percent


August 2nd, 2012 - 8:33 pm ICT by IANS
Mumbai, Aug 2 (IANS) Software service provider Mahindra Satyam Thursday posted a 56 percent increase in net profit at Rs.352 crore for the quarter ended June 30 against Rs.225 crore ... Read more...

Posted in Business |

Maruti Suzuki logs 9.2 percent sales growth


August 1st, 2012 - 4:21 pm ICT by IANS
Chennai, Aug 1 (IANS) Automobile major Maruti Suzuki India Ltd closed July with 9.2 percent sales growth as compared to sales logged during July 2011.In a statement issued Wednesday ... Read more...

Posted in Business |

Honda Motor quarterly net profit surges


July 31st, 2012 - 4:17 pm ICT by IANS
Tokyo, July 31 (IANS) Automaker Honda's profit in the second quarter this year surged to 131.72 billion yen ($1.7 billion) on brisk car sales in major global markets.For the April-June ... Read more...

Posted in Business |

Indian firms to cut capital expenditure by 14 percent


July 25th, 2012 - 5:39 pm ICT by IANS
Mumbai, July 25 (IANS) Indian companies are likely to reduce capital expenditure by 14 percent in the current financial year due to "policy logjam" and slow economic growth, a survey ... 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 |

LIC Housing Finance profit falls by 11 percent


July 24th, 2012 - 6:13 pm ICT by IANS
Mumbai, July 24 (IANS) LIC Housing Finance Tuesday said its profit fell by 11.32 percent to Rs.227.74 crore in the April-June 2012 quarter as compared to Rs.256.50 crore in the ... Read more...

Posted in Business |

Swedish fashion firm to tap Chinese market


July 18th, 2012 - 2:02 pm ICT by IANS
Stockholm, July 18 (IANS) Swedish clothing company J.Lindeberg is planning to open 50 stores in China in 2012 and 2013, a media report said.Half of the company's total turnover would ... Read more...

Posted in Life Style |

Austrian economic growth to slow down


July 10th, 2012 - 1:26 pm ICT by IANS
Vienna, July 10 (IANS) Growth of Austria's economic output will slow down to between 0.6 and 0.8 percent in 2012 from three percent in the previous year, a report said ... Read more...

Posted in Business |

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