rising interest rates

Realty industry welcomes rate cut, sees benefit for all


April 17th, 2012 - 5:23 pm ICT by IANS
New Delhi, April 17 (IANS) The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India's (RBI) decision to cut key lending rates by 50 basis points, and ... Read more...

Posted in Business |

Bosch India net up 31 percent in 2011


February 28th, 2012 - 8:14 pm ICT by IANS
Bangalore, Feb 28 (IANS) Bosch Limited posted Rs.1,123 crore (Rs.11.23 billion) net profit for calendar year 2011, registering 31-percent increase year-on-year, the Indian subsidiary of the German automotive component major ... Read more...

Posted in Business |

Mega-launches, big-ticket announcements at Delhi Auto Expo


January 3rd, 2012 - 2:54 pm ICT by IANS
New Delhi, Jan 3 (IANS) With India emerging as a market for over 15 million vehicles each year, virtually every domestic and global major in the business will seek to ... Read more...

Posted in Business |

New launches to dazzle visitors at Auto Expo


January 1st, 2012 - 5:20 pm ICT by IANS
New Delhi, Jan 1 (IANS) Despite a slowdown in their sales, car makers are all set to dazzle visitors at the Auto Expo 2012 here with their new vehicles and ... Read more...

Posted in Business |

Bank of India raises interest rates on NRE term deposits


December 29th, 2011 - 6:15 pm ICT by IANS
Mumbai, Dec 29 (IANS) Public Sector Bank of India Thursday said it would raise interest rates on non-resident external (NRE) accounts up to 9 percent from the new year.On ... Read more...

Posted in Business |

Tough year for realty, no respite seen in short-run (2011 in Retrospect)


December 29th, 2011 - 12:53 pm ICT by IANS
New Delhi, Dec 29 (IANS) The realty industry in India faced a negative sentiment in 2011, with developers, buyers and investors caught in a quagmire due to a host of ... Read more...

Posted in Business |

PNB raises interest rate on NRE term deposits


December 27th, 2011 - 6:03 pm ICT by IANS
Mumbai, Dec 27 (IANS) The Punjab National Bank (PNB), the country's second largest public sector lender, Tuesday said it will hike interest rates on non-resident external (NRE) accounts to 9.25 ... Read more...

Posted in Business |

SBI, PNB hike interest rate on NRE term deposits (Lead)


December 27th, 2011 - 6:02 pm ICT by IANS
Mumbai, Dec 27 (IANS) State Bank of India (SBI), the country's largest lender, and Punjab National Bank (PNB) Tuesday said they would more than double interest rates on non-resident ... Read more...

Posted in Business |

As industrial output contracts, industry clamours for lowering rates


December 12th, 2011 - 5:51 pm ICT by IANS
New Delhi, Dec 12 (IANS) India Inc Monday called for gradual easing of monetary policy and incentivising investment after industrial production saw a staggering decline in October, with official ... Read more...

Posted in Business |

October industrial output slumps to minus-5.1 percent


December 12th, 2011 - 1:58 pm ICT by IANS
New Delhi, Dec 12 (IANS) India's industrial production saw a staggering decline in October, with official figures released Monday showing a negative growth of 5.1 percent in output mainly owing ... Read more...

Posted in Business |

India downgrades 2011-12 economic growth to 7.5 percent


December 9th, 2011 - 6:06 pm ICT by IANS
New Delhi, Dec 9 (IANS) The government Friday officially downgraded the gross domestic product (GDP) growth rate to around 7.5 percent for the current fiscal, citing the domestic slowdown ... Read more...

Posted in Business |

Another global slowdown a possibility: Mukherjee


December 9th, 2011 - 4:25 pm ICT by IANS
New Delhi, Dec 9 (IANS) Finance Minister Pranab Mukherjee Friday said another global slowdown was now a possibility as international economies suffer from rising inflation and fuel cost."Another global ... Read more...

Posted in Business |

Auto sales up 22.2 percent in November


December 8th, 2011 - 5:06 pm ICT by IANS
New Delhi, Dec 8 (IANS) Despite high input costs, fuel price hikes and rising interest rates, the Indian automobile sector's November sales grew by 22.22 percent at 1,489,714 units from ... Read more...

Posted in Business |

India to raise $1.9 bn debt for building highways


November 23rd, 2011 - 7:39 pm ICT by IANS
Bangalore, Nov 23 (IANS) India will soon raise Rs.10,000 crore ($1.9 billion) through a public debt issue for funding its ambitious national highways project, union Road Transport and Highways ... Read more...

Posted in Business |

Sensex recovers from two-year low but closes 365 points down


November 23rd, 2011 - 6:51 pm ICT by IANS
Mumbai, Nov 23 (IANS) Spooked by a weak rupee and global economic turmoil, traders sold in droves at Indian equities markets Wednesday. A key index recovered after falling 586 ... Read more...

Posted in Business |

Sliding car sales may reverse in March-April 2012: Automakers


November 21st, 2011 - 1:40 pm ICT by IANS
Kolkata, Nov 21 (IANS) Automobile makers are keeping their fingers crossed on the revival of India's passenger car industry after a dip in sales for the fourth consecutive month till ... Read more...

Posted in Business |

Moody’s to now review India’s sovereign ratings


November 12th, 2011 - 4:32 pm ICT by IANS
New Delhi, Nov 12 (IANS) After lowering the outlook for India's banking industry, credit rating agency Moody's is likely to review the country's sovereign ratings Tuesday, amid a slowdown in ... Read more...

Posted in Business |

Indian benchmarks slip over 2 percent on bank downgrade, poor factory output (Weekly market review)


November 12th, 2011 - 3:31 pm ICT by IANS
Mumbai, Nov 12 (IANS) Indian equities markets fell during the week as high food inflation and falling industrial output depressed investor sentiments. Also, credit rating agency Moody's downgrading several ... Read more...

Posted in Business |

Sensex ends 169 points lower on poor IIP numbers


November 11th, 2011 - 6:48 pm ICT by IANS
Mumbai, Nov 11 (IANS) A benchmark index for Indian equities markets Friday closed 169 points lower as poor industrial numbers for September weighed on investors and banking stocks continued ... Read more...

Posted in Business |

Rising interest rates affect industrial output, lowest in over 2 years


November 11th, 2011 - 5:33 pm ICT by IANS
New Delhi, Nov 11 (IANS) India's industrial output fell sharply in September at 1.9 percent, official data showed Friday, growing the slowest in over two years as rising interest rates ... Read more...

Posted in Uncategorized |

Food inflation dips marginally


November 11th, 2011 - 1:52 pm ICT by IANS
New Delhi, Nov 11 (IANS) India's food inflation continued to be in double digits during the week ended Oct 29, although it dipped marginally to 11.81 percent, official data showed ... Read more...

Posted in Uncategorized |

Moody’s downgrades Indian banks, stocks tumble


November 9th, 2011 - 8:07 pm ICT by IANS
Mumbai, Nov 9 (IANS) Global rating agency Moody's downgraded the outlook for Indian banks saying the asset quality of various lenders could deteriorate in the next 18 months given ... Read more...

Posted in Business |

Banks’ downgrade pushes Sensex 207 points down


November 9th, 2011 - 7:27 pm ICT by IANS
Mumbai, Nov 9 (IANS) Indian equities fell sharply in afternoon trade Wednesday with a benchmark index closing 218 points lower as credit agency Moody's downgraded the rating of Indian ... Read more...

Posted in Business |

Now real estate sector needs reform (Comment)


October 30th, 2011 - 12:50 pm ICT by IANS
The Supreme Court ruling banning real estate transactions on the basis of power of attorney and making sale deed compulsory for property sale is a welcome step that will make secondary ... Read more...

Posted in Business |

Small home loan borrowers to get 1 percent interest subsidy


October 25th, 2011 - 5:45 pm ICT by IANS
New Delhi, Oct 25 (IANS) In a bid to provide relief to small home loan borrowers from rising interest rates, the government Tuesday said it will provide 1 percent ... Read more...

Posted in Business |

Consumer durable firms increase prices but say demand will be strong


October 18th, 2011 - 3:40 pm ICT by IANS
New Delhi, Oct 18 (IANS) High input costs, rising interest rates and a lingering weakness of the rupee might have forced them to increase prices, but Indian consumer durable firms ... Read more...

Posted in Business |

National Manufacturing Policy will create 100 mn jobs: CII


October 16th, 2011 - 1:10 pm ICT by IANS
New Delhi, Oct 16 (IANS) The National Manufacturing Policy, recently cleared by a group of ministers (GoM), will increase manufacturing sector's contribution to the gross domestic product (GDP) and create ... Read more...

Posted in Business |

Mergers and acquisitions drop 41.5 percent in 9 months


October 7th, 2011 - 7:44 pm ICT by IANS
New Delhi, Oct 7 (IANS) Mergers and acquisitions (M&A;) in India have slumped by 41.5 percent to $26.8 billion during the first nine months of 2011 as rising interest ... Read more...

Posted in Business |

Foreign funds investments in September at $6.97 mn


October 2nd, 2011 - 4:59 pm ICT by IANS
Mumbai, Oct 2 (IANS) With Indian markets trading volatile for most of September, foreign institutional investors (FIIs) sold in droves and net investments from overseas funds in the ... Read more...

Posted in Business |

Inflation an offshoot of policies of developed countries: Pranab


September 7th, 2011 - 4:44 pm ICT by IANS
New Delhi, Sep 7 (IANS) Finance Minister Pranab Mukherjee Wednesday said high inflation in India is caused partly due to the unfavourable policies adopted by the developed countries in ... Read more...

Posted in Business |

Personal Computer sales grow 2.5 percent in April-June


August 17th, 2011 - 3:57 pm ICT by IANS
New Delhi, Aug 17 (IANS) The combined desk-based and mobile PC market in India reported an increase of 2.5 percent for the quarter ended June 30 at nearly 2.5 million ... Read more...

Posted in Business |

India’s exports may falter due to global economic turmoil: FICCI


August 7th, 2011 - 6:58 pm ICT by IANS
New Delhi, Aug 7 (IANS) India's exports may get affected in the wake of a slowdown in major economies across the world led by the US, which saw its economy ... Read more...

Posted in Business |

US House passes historic debt deal (Lead)


August 2nd, 2011 - 10:13 am ICT by IANS
Washington, Aug 2 (IANS) With the US House passing a compromise debt-ceiling deal crafted by President Barack Obama and congressional leaders, the United States made it all but certain ... Read more...

Posted in Business |

July auto sales slump as interest rates, fuel prices rise (Roundup)


August 1st, 2011 - 7:44 pm ICT by IANS
New Delhi/Chennai, Aug 1 (IANS) Indian automobile industry Monday reported a slump in July sales, caused mainly by the rising interest rates and fuel prices.The passenger car major Maruti Suzuki ... Read more...

Posted in Business |

Congress leaders scramble to sell debt deal (Second Lead)


August 1st, 2011 - 7:23 pm ICT by IANS
Washington, Aug 1 (IANS) Democratic and Republican Congressional leaders scrambled Monday to sell an eleventh hour deal with President Barack Obama to raise the $14.3 trillion federal debt limit ... Read more...

Posted in World |

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