slowdown

SBI Cards expects Rs.2,700 crore total asset base


September 13th, 2012 - 6:45 pm ICT by IANS
Kolkata, Sep 13 (IANS) SBI Cards, the second largest credit cards issuing firm in India, is expecting that its total asset base would be around Rs.2,700 crore at the ... Read more...

Posted in Business |

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 |

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 |

Australian consumer confidence rises


September 12th, 2012 - 2:05 pm ICT by IANS
Sydney, Sep 12 (IANS) The confidence of Australian consumer has risen slightly but remains weak, a survey released Wednesday by Westpac Banking Corp and the Melbourne Institute of Applied Economic ... Read more...

Posted in Business |

August car sales down over 18 percent: SIAM


September 10th, 2012 - 4:24 pm ICT by IANS
New Delhi, Sep 10 (IANS) Higher fuel prices and interest rates and a slowdown in the economy saw car sales plummeting more than 18 percent in August, the biggest drop ... Read more...

Posted in Business |

Tractor sales to pick up from October: Escorts


September 5th, 2012 - 6:00 pm ICT by IANS
Kolkata, Sep 5 (IANS) Tractor sales, which have been flat for about six months due to a delayed monsoon, are expected to pick up from October following recent rains, agri-machinery ... Read more...

Posted in Business |

French car sales drop


September 4th, 2012 - 1:24 pm ICT by IANS
Paris, Sep 4 (IANS) Car sales in France were down 11.4 percent in August as the country's economic woes kept consumers from spending on cars, French car sales federation CCFA ... Read more...

Posted in Business |

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 |

India’s domestic aviation sector worst performer globally


August 30th, 2012 - 6:29 pm ICT by IANS
New Delhi, Aug 30 (IANS) India's civil aviation sector was the worst performer globally in July as the domestic passenger traffic contracted 1.1 percent year-on-year, the International Air Transport Association ... Read more...

Posted in Business |

South Korea’s consumer confidence weakens


August 27th, 2012 - 1:20 pm ICT by IANS
Seoul, Aug 27 (IANS) South Korea's consumer confidence weakened in August amid lingering uncertainties at home and abroad, data by the central bank showed Monday.The consumer sentiment index (CSI), which ... Read more...

Posted in Business |

‘Deteriorating eurozone crisis may slow Chinese economy’


August 25th, 2012 - 2:39 pm ICT by IANS
Singapore, Aug 25 (IANS) A further deterioration in the eurozone debt crisis could slow China's economic growth, a team of economists said in a report. The economists from the National ... Read more...

Posted in Business |

Government considering amendments to boost SEZ


August 23rd, 2012 - 6:52 pm ICT by IANS
Mumbai, Aug 23 (IANS) The government is considering steps to ensure that SEZs remain attractive destinations for investment, Commerce and Industry Minister Anand Sharma said Thursday.He admitted that SEZs had ... Read more...

Posted in Business |

Public sector bank’s non-performing assets not alarming: FM (Roundup)


August 18th, 2012 - 7:20 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday tried to calm the jittery financial sector stating that the rise in non-performing assets (NPAs) of public sector banks ... Read more...

Posted in Business |

Public sector bank’s non-performing assets not alarming: FM


August 18th, 2012 - 5:30 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said non-performing assets (NPAs) of public sector banks (PSBs) have risen marginally in the last fiscal and there ... Read more...

Posted in Business |

Problems will be resolved once investment is revived: FM


August 18th, 2012 - 4:29 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said most of the country's economic problems will be solved once investment is revived."Reviving investments is a key challenge ... Read more...

Posted in Business |

Austrian economy slows down


August 15th, 2012 - 2:35 pm ICT by IANS
Vienna, Aug 15 (IANS) The Austrian economy grew a mere 0.2 percent in the second quarter of 2012, the Austrian Institute of Economic Research (WIFO) reported. The figure was down ... Read more...

Posted in Business |

China’s power consumption slows down


August 14th, 2012 - 3:52 pm ICT by IANS
Beijing, Aug 14 (IANS) China's power consumption growth slowed further in July, as the country's factory activity and industrial output posted weaker growth amid the economic downturn, authorities said Tuesday.The ... Read more...

Posted in Business |

Kerala to lease out land to private IT developers


August 13th, 2012 - 9:03 pm ICT by IANS
Chennai, Aug 13 (IANS) A departure from developer of information technology (IT) infrastructure to lessor model and focus on spreading e-governance activities across the state are going to be the ... Read more...

Posted in Business |

PM in denial on economic situation: BJP


August 11th, 2012 - 5:47 pm ICT by IANS
New Delhi, Aug 11 (IANS) The Bharatiya Janata Party (BJP) Saturday accused Prime Minister Manmohan Singh of living in denial over the country's economic situation.Talking to reporters after the ... Read more...

Posted in Politics |

Don’t draw unwarranted conclusions, PM tells rating agencies


August 11th, 2012 - 3:38 pm ICT by IANS
New Delhi, Aug 11 (IANS) Prime Minister Manmohan Singh Saturday took international rating agencies to task for cutting India's growth forecast and asserted that the fundamentals of the economy ... Read more...

Posted in Business |

China’s largest gold miner posts gloomy results


August 11th, 2012 - 1:02 pm ICT by IANS
Beijing, Aug 11 (IANS) Zijin Mining Group Co., China's largest gold producer by output, Saturday said its net profits slumped 19.95 percent year-on-year in the first half of 2012 as ... Read more...

Posted in Business |

South Korean economy shows weaker growth momentum


August 9th, 2012 - 1:44 pm ICT by IANS
Seoul, Aug 9 (IANS) The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday."The domestic economy showed weaker ... Read more...

Posted in Business |

Subbarao sees scope to cut rates in 2012


July 31st, 2012 - 6:17 pm ICT by IANS
Mumbai, July 31 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao Tuesday said persistent high inflation did not allow the central bank to cut interest rates immediately but there ... Read more...

Posted in Business |

Japan’s factory output drops


July 30th, 2012 - 2:55 pm ICT by IANS
Tokyo, July 30 (IANS) Japan's industrial output was down 0.1 percent in June from the previous month, marking the third consecutive month of contraction, a government report said Monday.The index ... Read more...

Posted in Business |

Inflation, fiscal deficit leave little room for rate cut


July 29th, 2012 - 5:34 pm ICT by IANS
New Delhi, July 29 (IANS) The Reserve Bank of India (RBI) is unlikely to cut interest rates when it reviews the monetary policy Tuesday as a ballooning fiscal deficit, high ... Read more...

Posted in Business |

ITC trying to ‘fast forward’ Rs.25,000 crore investment plan


July 27th, 2012 - 10:46 pm ICT by IANS
Kolkata, July 27 (IANS) In spite of a slowdown in India's economic growth and low business sentiment, cigarette-to-hotel conglomerate ITC Ltd Friday said it is trying to "fast forward" its ... Read more...

Posted in Business |

China’s auto sales expected to hit 20 mn in 2012


July 27th, 2012 - 1:39 pm ICT by IANS
Beijing, July 27 (IANS) China's auto sales are likely to hit 20 million units in 2012 if the economy picks up momentum in the second half, the China Association of ... Read more...

Posted in Business |

Shriram Transport Finance to expand into rural areas


July 25th, 2012 - 6:28 pm ICT by IANS
Chennai, July 25 (IANS) Used truck financier Shriram Transport Finance Company is planning to expand its network to rural India where it sees good demand growth."Currently the company has around ... 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 |

Asset quality of Indian banks to weaken: S&P;


July 25th, 2012 - 3:58 pm ICT by IANS
New Delhi, July 25 (IANS) The quality of assets and earnings of banks in the emerging economies, especially India, is likely to weaken over the next 12-24 months owing to ... Read more...

Posted in Business |

Chinese premier promises more jobs


July 18th, 2012 - 5:03 pm ICT by IANS
Beijing, July 18 (IANS) Chinese Premier Wen Jiabao has promised to generate more jobs, especially for fresh university graduates, migrant labourers and disabled people, even as the country's employment situation ... Read more...

Posted in World |

Exports dip by 5.45 percent; trade deficit narrows (Lead)


July 13th, 2012 - 8:20 pm ICT by IANS
New Delhi, July 13 (IANS) India's exports dropped 5.45 percent to $25.07 billion in June, falling sharply for the second consecutive month due to weak demands in North America and ... Read more...

Posted in Business |

India’s exports slump by 5.45 percent in June


July 13th, 2012 - 3:24 pm ICT by IANS
New Delhi, July 13 (IANS) India's exports fell sharply for the second consecutive month in June due to weak demands in North America and European countries, a senior government official ... Read more...

Posted in Business |

China’s growth at its three year low


July 13th, 2012 - 12:19 pm ICT by IANS
Beijing, July 13 (IANS) Chinese economy has recorded the lowest growth since 2009, amid concerns over slowdown of the world's second-largest economy.China's economy reported 7.6 percent of growth in the ... Read more...

Posted in Business |

China airlines’ profits decline


July 11th, 2012 - 7:27 pm ICT by IANS
Beijing, July 11 (IANS) Profits of major Chinese airline companies have declined in the first half of 2012, it was reported here Wednesday.China Southern Airlines Co. Ltd. said its net ... Read more...

Posted in Business |

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