sluggish growth

Indian economy grows at a sluggish 5.5 percent in Q1 (Lead)


August 31st, 2012 - 3:36 pm ICT by IANS
New Delhi, Aug 31 (IANS) The Indian economy grew at a sluggish 5.5 percent in the first quarter of this fiscal in comparison to 8 percent in the corresponding quarter ... Read more...

Posted in Business |

Interest rate not main reason for growth slowdown: RBI


June 8th, 2012 - 4:23 pm ICT by IANS
Mumbai, June 8 (IANS) High interest rate is not the main reason for the slowdown in economic growth that slumped to a nine-year low of 5.3 percent in the quarter ... Read more...

Posted in Business |

Sluggish growth, inflation mar UPA-2 party


May 22nd, 2012 - 5:11 pm ICT by IANS
New Delhi, May 22 (IANS) Prime Minister Manmohan Singh's United Progressive Alliance (UPA) government, which completed three years of its second term Tuesday, has little to cheer on the ... Read more...

Posted in Business |

Slowdown hits electrical equipment industry


May 11th, 2012 - 5:09 pm ICT by IANS
New Delhi, May 11 (IANS) The growth of India's electrical equipment industry fell to 6.6 percent in 2011-12 as compared to 13.7 percent in the previous year, industry data showed ... Read more...

Posted in Uncategorized |

India’s industrial output grows by 4.1 percent in February


April 12th, 2012 - 4:46 pm ICT by IANS
New Delhi, April 12 (IANS) India's industrial output grew by lower than expected 4.1 percent in February, led by 8 percent expansion in electricity production, official data showed Thursday.However, ... Read more...

Posted in Business |

India’s industrial output up 6.8 percent in January (Lead)


March 12th, 2012 - 9:02 pm ICT by IANS
New Delhi, March 12 (IANS) India's industrial output rose the fastest in seven months at 6.8 percent in January, helped by a robust show in the manufacturing sector, kindling ... Read more...

Posted in Business |

Government indecision effecting economy: BJP


February 29th, 2012 - 8:17 pm ICT by IANS
New Delhi, Feb 29 (IANS) Hitting out at the government for the country's economic problems, the Bharatiya Janata Party (BJP) Wednesday said it would raise the issue of the ... Read more...

Posted in Business |

‘India should have more restrained fiscal deficit’


December 17th, 2011 - 5:56 pm ICT by IANS
Kolkata, Dec 17 (IANS) Noting that India's current account deficit has become "too enlarged", a Planning Commission member Saturday called for a more restrained fiscal deficit."Our current account deficit has ... Read more...

Posted in Business |

Infrastructure players await policy reforms to spur growth


November 23rd, 2011 - 11:23 pm ICT by IANS
Bangalore, Nov 23 (IANS) The construction equipment industry and the manufacturing sector, which build India's infrastructure, is looking up to the government for policy reforms to spur growth and boost ... Read more...

Posted in Business |

Sensex falls to three-and-half month low


November 18th, 2011 - 8:38 pm ICT by IANS
Mumbai, Nov 18 (IANS) A benchmark index for Indian equities markets Friday fell for the seventh straight day, closing at a three-and-half month low as concerns about the European ... Read more...

Posted in Business |

Birla Corp eyes 3 percent rise in cement sales


October 24th, 2011 - 10:36 pm ICT by IANS
Kolkata, Oct 24 (IANS) Birla Corporation, the flagship company of the M.P. Birla Group, Monday said it expected a 3 percent growth in cement sales this fiscal amid sluggish growth ... Read more...

Posted in Business |

India to boost Ethiopia’s leather production


September 22nd, 2011 - 1:40 pm ICT by IANS
Addis Ababa, Sep 22 (IANS) Two Indian government leather development institutions have vowed to transform Ethiopia's leather sector in three to five years and make it globally competitive. Ethiopia has ... Read more...

Posted in Business |

Berger Paints to infuse Rs.100 crore to hike production


August 2nd, 2011 - 11:30 pm ICT by IANS
Kolkata, Aug 2 (IANS) Aiming to double its installed capacity in the next two fiscals, Berger Paints plans to pump in Rs.100 crore in 2011-12 to ramp up production, a ... Read more...

Posted in Business |

Indian IT industry concerned over global economic crisis


June 21st, 2011 - 12:32 am ICT by IANS
Bangalore, June 20 (IANS) The resurgent Indian IT industry Monday expressed concern over the fragile global economy plunging into crisis again due to sovereign debt defaults in Europe, sluggish growth ... Read more...

Posted in Business |

Industrial output grows 3.6 percent in February


April 11th, 2011 - 6:11 pm ICT by IANS
New Delhi, April 11 (IANS) India's industrial output grew by a lower than expected 3.6 percent in February, bogged down by slow production in the manufacturing sector, particularly capital goods, ... Read more...

Posted in Business |

India through a different prism (Capital Buzz)


February 20th, 2011 - 3:38 pm ICT by IANS
New Delhi, Feb 20 (IANS) Indians themselves may be casting a cynical eye at the current goings-on and its impact on the future of the nation, but for the outside world, ... Read more...

Posted in Politics |

Sensex rises 427 points, highest since Jan 2008 (Roundup)


November 4th, 2010 - 7:30 pm ICT by IANS
Mumbai, Nov 4 (IANS) Indian equities rose on the eve of the festival of lights Thursday, backed by positive global cues, foreign inflows and a stellar listing of Coal India.The benchmark ... Read more...

Posted in Business |

Sensex trading 377 points higher (Lead)


November 4th, 2010 - 3:39 pm ICT by IANS
Mumbai, Nov 4 (IANS) Backed by positive global cues and a stellar listing of Coal India, a benchmark index of Indian equities Thursday zoomed 377 points, with energy and metal stocks ... Read more...

Posted in Business |

Keeping jobs away from India, China helped US recovery: Obama


August 3rd, 2010 - 11:03 am ICT by IANS
By Arun Kumar Washington, Aug 3 (IANS) US President Barack Obama has said America is on the road to recovery thanks to his economic plan that included ensuring new jobs and industries ... Read more...

Posted in Business |

India to become second largest steel-producing nation by 2012: Virbhadra Singh


July 23rd, 2010 - 7:59 pm ICT by ANI
New Delhi, July 23 (ANI): Union Minister of Steel Virbhadra Singh on Friday said India is expected to become the second largest steel-producing nation by 2012 with a targeted production capacity of ... Read more...

Posted in National |

Canada largely agrees with India on fiscal stimulus, exit


June 27th, 2010 - 9:06 pm ICT by IANS
Toronto, June 27 (IANS) In an stand similar to that of India's, Canadian Prime Minister Stephen Harper Sunday proposed a calibrated approach in tackling the global financial crisis by ... Read more...

Posted in Business |

India’s industrial production growth down 3 percent


September 12th, 2008 - 2:13 pm ICT by IANS
New Delhi, Sep 12 (IANS) India's industrial production registered a sluggish growth of 5.7 percent during April-July, compared to 9.7 percent in the corresponding period last fiscal.In July this year, industrial production ... Read more...

Posted in Uncategorized |

US Federal reserve leaves interest rates unchanged


August 6th, 2008 - 2:27 am ICT by IANS
DPA Washington, Aug 6 (DPA) The US Federal Reserve left interest rates unchanged Tuesday as it battles with the duelling concerns of inflation and sluggish growth in the US. The US central bank ... Read more...

Posted in World |

India to meet 2008-09 indirect tax goals: Chidambaram


May 29th, 2008 - 9:03 pm ICT by admin
New Delhi, May 29 (ANI): Finance Minister Palaniappan Chidambaram said on Thursday that India is poised to meet its indirect tax targets for this fiscal year, although target growth in excise ... Read more...

Posted in World |

Bosch India net up 14 percent in 2007


March 6th, 2008 - 10:56 pm ICT by admin
Bangalore, March 6 (IANS) Bosch Ltd, the Indian subsidiary of the euro 46 billion Bosch group that manufacturers automotive and industrial products, posted a net profit of Rs.6.1 billion ($152 million) in ... Read more...

Posted in Business |

Manmohan Singh hails Chidambarans budget as growth-oriented


February 29th, 2008 - 6:04 pm ICT by admin
New Delhi, Feb 29 (ANI): Prime Minister Dr. Manmohan Singh today hailed the Union Budget proposals for 2008-09 as pro-agriculture, pro-investment and growth-oriented, saying that the measures announced by Finance Minister P.Chidambaram ... Read more...

Posted in National |

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