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Economy News

India's ratings to depend on next govt's policies: SP SP rates India at "BBB-minus" and is the only of the three major credit agencies to have a "negative" outlook.
Thu, 17 Apr 2014 12:30:16 +0530
Vivek Rajpal Vivek Rajpal of Nomura India says CPI and WPI have minimal impact on bond yields thereby expecting auction at these yields to go through.
Thu, 17 Apr 2014 11:39:47 +0530
New Land Act makes acquisition virtually impossible: DIPP Land acquisition for roads, ports and similar other economic activities has not been happening ever since the new Land Acquisition Act came into being," Kant said
Wed, 16 Apr 2014 22:23:16 +0530
Smile, TPG form $100mn JV to invest in e-commerce space The group's partnership with TPG Growth. which aims to build businesses across APAC (Asia Pacific) and MEA (Middle East and Africa) has been named Katalyzers.
Wed, 16 Apr 2014 21:48:43 +0530
RBI for independent body for forex benchmark rate The decision is based on the recommendations of the Committee on Financial Benchmarks under chairmanship of P Vijaya Bhaskar, Executive Director of RBI.
Wed, 16 Apr 2014 21:22:36 +0530
Loss on diesel sales falls to Rs 5.49 per litre Besides diesel, oil firms are losing Rs 34.43 per litre on kerosene sold through the public distribution system, down from Rs 36.34 a litre last month.
Wed, 16 Apr 2014 21:15:59 +0530
Arvind Mayaram Import of gold and silver imports fell 40 percent to USD 33.46 billion in 2013-14 mainly due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.
Wed, 16 Apr 2014 21:15:15 +0530
Govt hikes import tariff value on gold, silver During the first fortnight of the current month, tariff value on imported gold was fixed at USD 421 per 10 grams and silver at USD 644 per kg.
Wed, 16 Apr 2014 17:07:05 +0530
Retail inflation may get stuck at 8-10%: BofA-ML "We advise clients to focus on the IMD's first monsoon forecast in mid-April at a time of rising El Nino risks," BofA-ML said
Wed, 16 Apr 2014 16:59:16 +0530
China GDP puts to rest worst fears over the economy The world`s second largest economy expanded 7.4 percent in the January to March period, slowing from 7.7 percent in the previous three months, but beating market expectations for growth of 7.3 percent.
Wed, 16 Apr 2014 15:29:47 +0530
Hiring activity stable in March, up 12% Y-o-Y: Naukri The Naukri Job Speak Index for March stood at 1,475,showing stability in hiring activity, when compared to the previous month.
Wed, 16 Apr 2014 14:58:37 +0530
Subir Gokarn Right now the policy provides a lot of incentives to producing rice and wheat. That has resulted in disconnect between what is being produced and what is being consumed.
Wed, 16 Apr 2014 13:25:25 +0530
Fed should beef up low-rate vows, two policymakers say "If you commit to keeping rates low even as the recovery is proceeding, even as we continue to recover, I think people have a sense, the Fed has the recovery’s back," Minneapolis Federal Reserve Bank President Narayana Kocherlakota said at North Dakota State University. "And that’s the message that I think we need to do a better job of promoting."
Wed, 16 Apr 2014 09:39:41 +0530
Samiran Chakrabarty Gangadhar Darbha, ED, Nomura India, says RBI will only make policy changes if there is a change in generalized inflation rather than specific inflation because generalized inflation would be more permanent.
Tue, 15 Apr 2014 22:00:22 +0530
46% SMEs under credit stress, may default: India Ratings Stating that SMEs are the "first casualty" in the downturn, the report said their revenue growth slipped into the single-digit since FY11, while the same happened for large corporates only from FY13.
Tue, 15 Apr 2014 19:41:53 +0530
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Politics

Union Minister Sachin Pilot and veteran leader Jaswant Singh are amongst the MPs seeking re-election from Rajasthan in phase 5 of Lok Sabha elections.
Speaking to the media in Chennai, Shashi Tharoor said that the BJP alliance in Tamil Nadu is cobbled together on a temporary basis.
An electorate of 11,85,07,86 are exercising their franchise in 11,846 polling stations to decide the fate of 117 candidates in the Lok Sabha constituencies.
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India

Left parties have alleged attack on its party workers by Trinamool Congress in the district, where polling is on in the first phase of Lok Sabha elections in West Bengal on Thursday.
The RJD alleged that Misa Bharati was manhandled by BJP supporters at a polling booth in Pataliputra.
Atleast 13 people were arrested for their role in the last year's riots in Muzaffarnagar, after the Supreme Court directed the state to expedite the process of bringing the accused to justice, police said on Thursday.
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Tech

The goal is to create a standard endoskeleton, or frame, that can hold different modules, like extra-powerful processors, additional batteries or memory chips for storing more music, all based on the customer's preferences.
John Sculley is funding a venture that aims to launch low-cost smartphones in India that will be priced between Rs 5,000 and Rs 8,000.
Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website.
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