Sensex tanks 223 points, Infosys down 9 percent
July 12th, 2012 - 2:23 pm ICT by IANS
New Delhi, July 12 (IANS) A benchmark index of Indian equities markets was Wednesday trading 223 points lower in afternoon trade after IT bellwether Infosys issued weak revenue guidance ... Read more...
Posted in Uncategorized |
Indian students once again head for Australia
May 9th, 2012 - 4:36 pm ICT by IANS
Melbourne, May 9 (IANS) Indian students are once again heading to Australia, along with a rise in international students, with the perceived threat of physical violence having receded to a ... Read more...
Posted in Uncategorized |
Banking stocks fall on concern new norms may hit profits
May 3rd, 2012 - 4:17 pm ICT by IANS
Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms ... Read more...
Posted in Business |
Claims in wage suit in US without merit: TCS
April 3rd, 2012 - 8:41 pm ICT by IANS
Mumbai, April 3 (IANS) Tata Consultancy Services (TCS) Tuesday said the claims made in a class action suit for violating rights of its non-US citizen workers in the US were ... Read more...
Posted in World |
India’s external debt rises to $335 billion
March 30th, 2012 - 6:50 pm ICT by IANS
New Delhi, March 30 (IANS) India's external debt rose to $334.9 billion at December-end 2011, an increase of 9.4 percent in the first nine months of the current financial year, ... Read more...
Posted in Business |
Government to raise Rs.30,000 crore from disinvestment
March 16th, 2012 - 6:35 pm ICT by IANS
New Delhi, March 16 (IANS) After being unable to mop up even half the targeted amount in the current fiscal, Finance Minister Pranab Mukherjee Friday proposed to raise Rs.30,000 ... Read more...
Posted in Business |
‘India will grow at 7.6 percent, to play active global role’ (Roundup)
March 15th, 2012 - 7:43 pm ICT by IANS
New Delhi, March 15 (IANS) India's economic growth will rebound to 7.6 percent in 2012-13 on the back of softening inflation and better industrial production, enabling it to play ... Read more...
Posted in Business |
Northeastern states lead service sector growth
March 15th, 2012 - 4:58 pm ICT by IANS
New Delhi, March 15 (IANS) Northeastern states like Arunachal Pradesh and Sikkim led India's service sector growth in 2009-10, with rates of more than 30 percent, according to the ... 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 |
India’s exports rose 10 percent in January
March 1st, 2012 - 2:46 pm ICT by IANS
New Delhi, March 1 (IANS) India's exports grew 10.1 percent in January at $25.34 billion, official data showed Thursday, widening the monthly trade deficit to $14.76 billion.The rate of growth ... Read more...
Posted in Business |
Economic growth falls to 3-year low at 6.1 percent (Roundup)
February 29th, 2012 - 8:36 pm ICT by IANS
New Delhi, Feb 29 (IANS) India's economic growth slumped to a near three-year low of 6.1 percent in the quarter ended December due to poor performance of manufacturing and mining ... Read more...
Posted in Business |
Direct tax collections rise 14.6 percent in April-January
February 8th, 2012 - 4:00 pm ICT by IANS
New Delhi, Feb 8 (IANS) India's direct tax collections grew by 14.57 percent to Rs.425,274 crore in the first 10 months of the current financial year, sharply lower than the ... Read more...
Posted in Business |
Indian economy to grow by 6.9 percent this fiscal
February 7th, 2012 - 1:28 pm ICT by IANS
New Delhi, Feb 7 (IANS) The Indian economy is expected to grow by 6.9 percent in the current fiscal, the slowest in three years, the government said in a statement ... Read more...
Posted in Business |
India’s exports rose 6.71 percent to $25 bn in December
February 1st, 2012 - 2:45 pm ICT by IANS
New Delhi, Feb 1 (IANS) India's exports grew by 6.71 percent to $25.01 billion in December, while imports surged to $37.75 billion, leaving a monthly trade deficit of $12.74 billion, ... Read more...
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India revises 2010-11 economic growth down to 8.4 percent
January 31st, 2012 - 9:17 pm ICT by IANS
New Delhi, Jan 31 (IANS) The Indian government Tuesday revised economic growth for 2010-11 down to 8.4 percent from the earlier estimate of 8.5 percent.
"The Gross Domestic Product (GDP) ... Read more...
Posted in Business |
Japan’s consumer prices drop a bit in December
January 28th, 2012 - 2:28 pm ICT by IANS
Tokyo, Jan 28 (IANS) Japan's core consumer prices fell 0.1 percent in December 2011 from a year earlier, marking the third consecutive month of decline with deflation expected to linger ... Read more...
Posted in Business |
Difficult to meet 4.6 percent fiscal deficit target: Pranab
January 11th, 2012 - 9:05 pm ICT by IANS
New Delhi, Jan 11 (IANS) India is unlikely to meet the 4.6 percent fiscal deficit target for the financial year ending March 31, Finance Minister Pranab Mukherjee said Wednesday."It ... 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 |
Delhi PWD slammed for wasteful expenditure on hospital
September 5th, 2011 - 11:41 pm ICT by IANS
New Delhi, Sep 5 (IANS) Inadequate planning on a project to construct a hospital in west Delhi's Dwarka by the Public Works Department (PWD) led to wasteful expenditure of Rs ... Read more...
Posted in Business |
Auditor slams Lok Nayak Hospital for wastage
September 5th, 2011 - 10:07 pm ICT by IANS
New Delhi, Sep 5 (IANS) Delhi government's Lok Nayak hospital carried out "wasteful expenditure" totalling Rs.14.88 lakh, apart from Rs.75 lakh lost due to unused surgical instruments, according to the ... Read more...
Posted in Uncategorized |
NALCO sees aluminium at $2,500-$2,700 per tonne range
June 10th, 2011 - 12:45 pm ICT by IANS
Bhubaneswar, June 10 (IANS) Aluminium prices are likely to remain in a range of $2,500 to $2,700 a tonne for at least the next two-three months, India's state run National ... Read more...
Posted in Uncategorized |
Export for 2010-11 registers growth of 37.5 percent: Anand Sharma
April 19th, 2011 - 10:04 pm ICT by ANI
New Delhi, Apr 19 (ANI): Union Commerce Minister Anand Sharma today said India's exports for 2010-11 registered a growth of 37.5 percent. Briefing about the trade performance for the financial year 2010-11, ... Read more...
Posted in Business |
India’s export surges 37.5 percent to $246 bn in 2010-11
April 19th, 2011 - 9:48 pm ICT by IANS
New Delhi, April 19 (IANS) India's exports surged 37.5 percent to $245.9 billion in 2010-11, substantially surpassing the official target of $200 billion, on the back of nearly 85 percent ... Read more...
Posted in Business |
Nalco to miss alumina production target
February 23rd, 2011 - 5:12 pm ICT by IANS
Bhubaneswar, Feb 23 (IANS) The state-owned National Aluminium Company Ltd (Nalco) will miss its target to produce 16.80 lakh tonnes of alumina in the current financial year ending March, a senior company ... Read more...
Posted in Business |
Bootleggers attack raiding party led by Karnataka minister
February 17th, 2011 - 8:15 pm ICT by IANS
Belgaum, Feb 17 (IANS) A group of bootleggers in this north Karnataka district Thursday rained stones on a raiding party led by Excise Minister M.P. Renukacharya, forcing the police to fire in ... Read more...
Posted in Politics |
Lower lending rates, hike deposit rates, banks told
December 3rd, 2010 - 5:16 pm ICT by IANS
Mumbai, Dec 3 (IANS) Banks need to increase their deposit rates and bring down their lending rates, Reserve Bank of India Governor Duvvuri Subbarao said here Friday."Banks need to raise the interest ... Read more...
Posted in Business |
Coal India in talks with US companies to acquire mines
November 13th, 2010 - 4:21 pm ICT by ANI
Kolkata, Nov 13(ANI): Kolkata-based Coal India is in talks with Peabody Energy and Massey Energy to acquire mines from the two US companies.Coal India is the world's largest coal miner by production, ... Read more...
Posted in National |
Hindustan Unilever Q4 net jumps 47.14 percent
May 25th, 2010 - 7:23 pm ICT by IANS
New Delhi, May 25 (IANS) Fast moving consumer goods major Hindustan Unilever Tuesday said its net profit rose 47.14 percent to Rs.581.2 crore in the January-March quarter as compared to Rs.394.99 crore ... Read more...
Posted in Business |
Coromandel International maintains dividend
April 22nd, 2010 - 9:37 pm ICT by IANS
Chennai, April 22 (IANS) The board of directors of fertilizer major Coromandel International Ltd. Thursday proposed a 200 percent final dividend (Rs.4 per share) for the year ending March 31, 2010.
With this ... Read more...
Posted in Business |
Infosys Australia posts solid year
April 15th, 2010 - 1:03 pm ICT by ANI
Sydney, Apr 15(ANI): Infosys Australia has ended the financial year on a high note with 150.4 million dollars in revenue, for the year ending March 31, up 31.39 million dollars over 2009.However, ... Read more...
Posted in Business |
India’s annual inflation rose to 9.89 percent in February
March 15th, 2010 - 2:16 pm ICT by IANS
New Delhi, March 15 (IANS) Driven by increasing food prices, India's annual rate of inflation, based on the wholesale price index, rose to 9.89 percent in February from 8.56 percent in ... Read more...
Posted in Business |
Economy may grow over 8 percent in fiscal year 2011: Pranab Mukherjee
February 17th, 2010 - 3:45 pm ICT by ANI
New Delhi, Feb 17 (ANI): Finance Minister Pranab Mukherjee today said India's economy may grow over eight percent in the 2010/11 financial year after growing at around 7.5 percent in the ... Read more...
Posted in National |
India’s annual inflation rises to 8.56 percent in January
February 15th, 2010 - 2:25 pm ICT by IANS
New Delhi, Feb 15 (IANS) India's annual rate of inflation, based on the wholesale prices index, rose to 8.56 percent in January from 7.31 percent in the previous month, driven by increasing ... Read more...
Posted in Business |
India, China contributing a lot to global growth: IMF
February 5th, 2010 - 11:43 am ICT by IANS
By Arun Kumar
Washington, Feb 5 (IANS) India and China with their large economies growing at 7 and 10 percent respectively are playing a significant role in global economic recovery, according to a ... Read more...
Posted in Business |
Rupees 120 billion paid by Government of India to bail out oil companies
January 19th, 2010 - 5:46 pm ICT by ANI
New Delhi, Jan. 19 (ANI):Petroleum Minister Murli Deora on Tuesday disclosed that the Finance Ministry has granted 120 billion rupees to compensate losses incurred by government-run oil companies."Finance Ministry will pay for ... Read more...
Posted in World |