Economy

  • Budget 2014: This is not about UPA vs NDA, but about economy, says FM July 10, 2014

    New Delhi: Hours after delivering the Union Budget, Finance Minister Arun Jaitley on Thursday called its "a directional budget" adding that the government has laid down the roadmap and given relief to the common people. "Reasonable taxation is required for providing growth to manufacturing sector. People must have more money and...
  • Jaitley's Budget cautious on fiscal prudence, seeks to push growth July 10, 2014

    In the first Budget of the NDA's Narendra Modi Administration, Union Finance Minister Arun Jaitley presented a cautious testament of fiscal prudence combined with steps for encouraging increased investments, for boosting industrial infrastructure through roads, airports, ports and smart cities, and for providing cost breaks to specific industries. He also...
  • Rupee logs worst drop in a month, down 44paise at 60.19 vs dollar July 10, 2014

    Mumbai:Moving in tandem with equities, the rupee today tumbled 44 paise, posting its biggest drop in nearly a month, to end at 60.19 against the dollar on a day the Narendra Modi-led government presented its maiden Budget. A firm dollar overseas and demand for the US currency from importers weighed on...
  • Arun Jaitley set to present Modi government's maiden Budget today July 10, 2014

    New Delhi: The Narendra Modi government's maiden Budget will be presented in Parliament on Thursday by Finance Minister Arun Jaitley. With high expectations to meet, it remains to be seen whether the Budget will be a bitter pill for the common man in its bid to revive the economy. It is...
  • India @ 9 with Anubha Bhonsle July 9, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • Economic Survey suggests economy was robust in UPA regime: Congress July 9, 2014

    New Delhi: On the eve of the Union Budget, Congress on Wednesday latched on to the Economic Survey in seeking to puncture government claims that it has inherited 'empty coffers' and a bad economy. Party spokesman Abhishek Singhvi quoted profusely from the highlights of the Survey presented to Parliament on Wednesday,...
  • Economic Survey presents realistic macro-economic picture: India Inc July 9, 2014

    New Delhi: Terming the Economic Survey 2013-14 as a "realistic" assessment of the current picture, India Inc on Wednesday hoped that the Budget will address key issues like infrastructure development and implement measures outlined in the document to revive growth. "The bold reform measures outlined in the Economic Survey need to...
  • Sensex tanks by over 300 points; capital goods, metals down July 11, 2014

    Mumbai: The benchmark Sensex on Wednesday fell 137.30 points to end at over one-week low of 25,444.81 on concerns highlighted by the Economic Survey and diminishing expectations from the Narendra Modi-led government in its maiden Union Budget on Thursday. Weakness in global equities also dampened the sentiment. "After slight disappointment from...
  • Top British ministers woo India under Modi July 8, 2014

    Mumbai: Britain's finance minister announced a $428 million deal with India's military on Monday after arriving in the country to seek stronger trade and investment ties with new Prime Minister Narendra Modi's government. George Osborne and Foreign Secretary William Hague landed in Mumbai for the two-day visit to drum up business...
  • Rupee recovers 8 paise vs dollar in early trade July 8, 2014

    Mumbai: The rupee on Tuesday recovered by 8 paise to 59.93 against the US dollar in early trade at the Inter bank Foreign Exchange market on increased selling of the American currency by exporters. Besides, strengthening of the euro and yen against the dollar in overseas market and a higher opening...
  • Sensex falls over 350 points after hitting record highs July 8, 2014

    Mumbai: The BSE Sensex and the Nifty are slump 1.4 per cent each. Both the indexes hit a record high earlier in the session. The Nifty gained as much as 0.28 per cent to touch a record high for the fourth straight session, hitting the 7,800 mark for the first...
  • Sensex hits record high above 26,000; Infosys rises July 7, 2014

    Mumbai: The Nifty is up 0.25 per cent after rising 0.5 percent to a record high of 7,791.4, its third consecutive all-time high in as many sessions. The Sensex is up 0.44 per cent after rising as much as 0.6 per cent to an all-time high of 26,116.73, surpassing the...
  • Rupee drops most in nearly 3 weeks, down 29 paise as US dollar demand rises July 7, 2014

    Mumbai: The rupee on Monday slipped 29 paise, logging its biggest drop in nearly three weeks, to end at 60.01 versus the dollar on rising demand for the US currency from custodian banks. The rupee fell despite the stock benchmark Sensex ending above the 26,000-level for the first time in its...
  • 'If I am FM: I will change the attitude of I-T officers' July 6, 2014

    If I were FM, I will take steps to change the attitude of assesses. The I-T officers should change their attitude and gain people's trust and confidence.A human touch will ensure better compliance. ...
  • Cuba's lawmakers examine weak economy July 6, 2014

    Havana: Cuba's National Assembly opened its biannual session, with the communist island's faltering economy topping the agenda. President Raul Castro, 83, was due to address the assembly on Saturday, which plans to examine why one of the world's last command economies has not experienced greater growth, after six years of...
  • Rajnath terms condition of Indian economy as 'serious', says it will take time to bring it back on track July 5, 2014

    Terming the condition of Indian economy as "serious", Union Home Minister Rajnath Singh on Saturday said though the new government is working to bring the situation back on track, it will take some time to do so. "The economy has derailed and its in a bad shape and serious condition. The...
  • Rupee ends flat at 59.72 vs US dollar; logs best week since May 16 July 4, 2014

    Mumbai: The rupee on Friday ended a mere one paisa higher at 59.72 against the US dollar on alternate bouts of demand and supply, wrapping up its best weekly performance since the period ended May 16. It gained 36 paise against the Greenback in the week ended on Friday on hopes...
  • Sensex, Nifty rebound to close at record highs ahead of Budget July 4, 2014

    Mumbai: Continuing its record-setting spree, the benchmark Sensex on Friday rebounded over 138 points to end at new closing peak of 25,962.06, led by oil & gas shares, on hopes of reforms and a growth-oriented Budget next week. Expectations the government is prepared to tackle any crisis related to poor rains...
  • Sensex, Nify end flat; Tata Motors up 3 pc, Hero falls 3 pc July 3, 2014

    Mumbai: Equity benchmarks snapped four-day gains on profit-taking on Thursday weighed down by oil & gas, banks and power stocks. The 30-share BSE Sensex, which resumed trading after over three hours of halt , slipped 17.46 points to close at 25823.75 while the 50-share NSE Nifty fell 10.35 points to...
  • Rupee edges lower after surging to three-week highs July 3, 2014

    Mumbai: The rupee on Thursday surged to three-week highs in early trade but closed four paise lower at 59.73 against the dollar on weakness in local stocks and persistent demand for the American currency from importers, including oil firms. A firm dollar overseas ahead of crucial US payrolls data and a...
  • Watch: Face to Face with Facebook COO Sheryl Sandberg July 2, 2014

    In an exclusive interview to CNBC TV18, Facebook COO Sheryl Sandberg discusses on host of issues, including the India growth story. ...
  • Record high: Nifty at 7725, Sensex up 325 points on Budget hope July 2, 2014

    Mumbai: Budget hopes and firm global cues boosted market sentiments as benchmark indices see record closing high. The Nifty ended above 7700, for first time ever, at 7725.15, up 90.45 points or 1.18 per cent. The Sensex closed at 25841.21, up 324.86 or 1.27 percent. Sesa Sterlite was the biggest...
  • Rupee rises most in 7 weeks, ends at 59.69 vs US dollar on budget hopes July 2, 2014

    Mumbai: Indian rupee on Wednesday appreciated 38 paise -- its biggest single-day rise in seven weeks -- to close at 59.69 against the US dollar on optimism that the budget next week would contain strong measures to put finances and the economy back on track. Dollar selling by exporters amid lack...
  • Sensex ends 103 points higher on pickup in manufacturing growth, auto sales July 1, 2014

    Mumbai: The benchmark Sensex on Tuesday rose for the third straight session and closed 103 points up at a two-week high on good buying in bluechips after an uptick in manufacturing sector growth and signs of pickup in auto sales. Maruti Suzuki, Tata Motors and Hindalco shares led the rally on...
  • Rupee gains most in over 10 days, ends at 60.07 vs US dollar July 1, 2014

    Mumbai: In line with rise in stocks, the rupee on Tuesday rose by 10 paise -- its biggest single-day rise in over ten days -- to end at 60.07 against the dollar after the government hiked fuel and LPG prices to ease subsidy burden. Fresh dollar selling by exporters...
  • PM Narendra Modi eyes first labour overhaul in decades to create jobs June 30, 2014

    Prime Minister Narendra Modi has set in motion the first major revamp in decades of India's archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs. Successive governments have agreed labour reform is critical to absorb 200 million Indians reaching working age...
  • New sanctions on Russia could impact growth: Economy minister June 28, 2014

    Moscow: A new round of Western sanctions on Russia over the crisis in Ukraine could seriously impact its already stalled economy, Economy Minister Alexei Ulyukayev said on Saturday. The minister said Russia has prepared for three possible scenarios in the event of tougher economic sanctions. The less severe one presumes...
  • High inflation is the enemy of modern economy June 27, 2014

    From 1921 to 1946 hyperinflation occurred in Hungary, Germany, Russia and elsewhere in Europe. It played havoc with these economies and gave rise to political tensions. In Germany Nazism took control of government resulting in World War II. Persistent high inflation is a key macroeconomic challenge facing India. Recent slowdown of...
  • Rupee opens higher at 60.08 per dollar June 27, 2014

    Mumbai: The rupee on Friday opened with marginal gains of 6 paise at 60.08 per dollar on Friday as against previous day's closing value of 60.14 a dollar. Pramit Brahmbhatt of Veracity said, "Taking cues from US economic data and growing tensions in Iraq, domestic markets are expected to trade...
  • Rupee falls back by 2 paise against US dollar to end at 60.14 in dull trade June 26, 2014

    Mumbai: The rupee on Thursday fell back two paise to end at 60.14 against the dollar on weak local equities and demand for the US currency from importers, snapping two straight days of marginal gains. A better dollar overseas also weighed on the rupee while capital inflows capped the rupee fall,...