ECONOMY

  • MSMEs should get easier finance from banking system: BJP October 14, 2014

    New Delhi: Micro, Small and Medium Enterprises should get easier finance from the formal banking system, senior BJP leader Murali Manohar Joshi said on Tuesday. "Small and medium scale industries are doing 70 per cent production of the country. If they do not remain in good health, the country's economy...
  • Public sector still relevant to Indian economy: Hamid Ansari October 14, 2014

    New Delhi: Although it has seen "tremendous denigration" over the years, the public sector continues to be relevant to the Indian economy, Vice President Hamid Ansari said on Tuesday. "Unfortunately, over the years the Public Sector has seen tremendous denigration... We consciously opted for mixed economy (private and public sector)...
  • Rupee down 15 paise against dollar in early trade October 10, 2014

    Mumbai: The rupee fell by 15 paise to 61.20 against the dollar in early trade on Friday due to fresh demand for the US currency from banks and importers amid a weak opening in local equities. Dealers said besides increased demand for the American currency from importers, the dollar's strength against...
  • Sensex plunges 340 points October 10, 2014

    Mumbai: Equity benchmarks erased some gains seen in previous session. The Sensex fell 339.90 points or 1.28 per cent to 26297.38, and the Nifty lost 96.80 points or 1.22 per cent to 7863.75 as the markets closed on Friday. About 1012 shares have advanced, 1903 shares declined, and 112 shares are...
  • Xi Jinping's book on governance provides window to world about China October 9, 2014

    Beijing: Chinese President Xi Jinping has penned a book offering an insight to the world on governance in the world's most populous nation, becoming the first CPC leader in recent years to have written a book while in office. 'Xi Jinping: The Governance of China', which has been published in...
  • Fed minutes lift Sensex 390 points; BHEL up 8 pc, Infosys Q2 eyed October 9, 2014

    Mumbai: Bulls finally found their feet on Dalal Street on Thursday. Equity benchmarks snapped three-day losing streak due to broadbased rally triggered by Fed chair Janet Yellen and the US Federal Reserve. Benchmarks recouped all its losses seen in previous three sessions. The 30-share BSE Sensex surged 390.49 points or...
  • Rupee jumps 31 paise against dollar in early trade October 9, 2014

    Mumbai: Extending its rising streak for the fourth straight day, the rupee surged by 31 paise to trade at two-week high of 61.09 against the dollar in early trade on Thursday at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks. Forex dealers said besides...
  • Indian economy to see better growth momentum October 8, 2014

    London: The Indian economy is projected to see a pick up in growth momentum while most of the other major economies are anticipated to see stable prospects, Paris-based think tank OECD said on Wednesday. Only India is anticipated to witness better growth momentum among the...
  • Rupee gains 22 paise against dollar in early trade October 7, 2014

    Mumbai:After a long weekend, the rupee strengthened by 22 paise to 61.39 against the dollar in early trade at the Interbank Foreign Exchange on Tuesday on increased selling of the US currency by exporters and banks. Forex dealers said besides increased selling of the American currency by exporters and banks, the...
  • Sensex, Nifty fall 1 per cent; metals, capital goods, banks drag October 7, 2014

    Mumbai: The market extended its southward journey for the second trading session of the October month with the Sensex falling 296.02 points or 1.11 per cent to 26271.97 on Tuesday. The Nifty closed way below the 7900, down 93.15 points or 1.17 per cent to 7852.40. About 1120 shares advanced while...
  • Indian economy to grow by 6.4 per cent in 2015-16: World Bank October 7, 2014

    Washington: Indian economy, which accounts for 80 per cent of South Asia's output, is set to grow by 6.4 per cent in 2015-16 as against 5.6 per cent in 2014-15, the World Bank has said. With economic activity buoyed by expectations from the new elected government of Prime Minister Narendra Modi,...
  • US economy is now healthier, poised to lead and succeed: Barack Obama October 3, 2014

    Washington: Asserting that the once-shattered US economy was now "healthier" and had made "steady" and "real" progress over the past few years, President Barack Obama has said that it was America and not India or China that was the most attractive investment destination in the world. "Because of all these things,...
  • Russia to stick to open market economy: Vladimir Putin October 3, 2014

    Moscow: Russia will adhere to an open market economy despite restrictions and sanctions imposed by other countries, President Vladimir Putin said on Thursday. "We will seek to make sure that Russia economy develops based on the open market. This strategic course remains unchanged," he said at the annual "Russia Calling" international...
  • RBI has no bias either to cut or hike rates: Raghuram Rajan October 1, 2014

    Mumbai: The Reserve Bank has no bias either to cut or hike the key rates and the direction of the monetary policy will be influenced entirely by data, Governor Raghuram Rajan said on Wednesday. "Our policy stance today is reasonable and we see no reason to alter it today based on...
  • Modi seeks easier access for Indian services cos to US economy October 1, 2014

    Washington: Expressing confidence that their bilateral economic ties would improve further, Prime Minister Narendra Modi on Tuesday sought easier access for Indian service companies to the US economy during his talks with President Barack Obama. Modi, who has met with a galaxy of American corporate leaders during his five-day visit, also...
  • Nifty ends below 8000; Sun Pharma & ITC up, Bankex in red September 30, 2014

    Mumbai: The Sensex ended up 33.40 points at 26630.51 and the Nifty was up 5.90 points at 7964.80. About 1370 shares advanced, 1532 shares declined, and 101 shares were unchanged. Sun Pharma, HDFC, Bajaj Auto, Maruti Suzuki and ITC were gainers. BHEL, ICICI Bank, Hindalco, Axis Bank and M&M...
  • 'Private equity investments in India likely to touch USD 12 billion in 2014' September 28, 2014

    Port Louis (Mauritius): Private equity investment in India is likely to touch a staggering USD 12 billion in 2014 primarily on account of reform measures taken by the government at the Centre. In the first half of the year, private equity entities pumped in USD 6 billion in India. ...
  • India is a long-term bet, but only with good policies and economic support, says Rajeev Bhaman September 27, 2014

    India is a strong long-term bet, but only if policy and economic support comes in says Rajeev Bhaman of Oppenheimer-funds. Speaking to CNBC-TV18'S Shereeen Bhan, Bhaman says that the indices do not necessarily show a full picture of the India story since most of the euphoria is in a small...
  • Standard and Poor's raises India's outlook to 'stable' from 'negative' September 26, 2014

    Mumbai: Standard and Poor's raised the outlook for India's "BBB-minus" rating back to "stable" from "negative," saying Prime Minister Narendra Modi government's "strong" mandate would allow it to implement fiscal and economic reforms. S&P had cut India's rating to "negative" in April 2012, and that came to symbolize the plummeting investor...
  • India has potential to become a $5 trillion economy, says BJP MP Jayant Sinha September 26, 2014

    New York: Bullish on India story of development, BJP MP and former investment manager Jayant Sinha said the country has potential to become a USD 5 trillion economy and its stock market can generate USD 3 trillion of wealth in the next ten years. Sinha, who was here at the...
  • Rupee breaks 4-day losing trend; ends 19 paise higher Vs US dollar September 26, 2014

    Mumbai: Snapping four days of losing streak, the rupee today recovered by 19 paise to close at 61.15 against the dollar in tune with local equities. Forex dealers said late selling of US currency by exporters and some banks helped the domestic unit to rise. At the Interbank Foreign Exchange (Forex)...
  • S&P's India upgrade boosts markets; Sensex erases losses, up 158 points September 26, 2014

    Mumbai: The BSE benchmark Sensex on Friday recovered from its six-week low level to close 158 points higher, ending three days of losing string, after S&P's upgraded India's outlook to stable from negative. In a highly volatile trade, the 30-share index resumed lower and gradually moved downwards to a six-week intra-day...
  • Rupee down 5 paise against dollar in early trade September 25, 2014

    Mumbai: Extending its losing streak for the fourth straight day, the rupee weakened by five paise to 61.01 against the US dollar in early trade on Thursday at the Interbank Foreign Exchange market on high demand for the American currency from importers. Forex dealers said though increased demand for the US...
  • SC ruling on coal blocks likely to hit economy: India Inc September 24, 2014

    New Delhi: The Supreme Court's mass cancellation of coal block licences will cause serious supply disruptions and accentuate the power crisis, and is likely to impact the economy by jeopardising investments in the sector, India Inc said on Wednesday. "The decision taken by the Supreme Court to cancel all but four...
  • Rupee down 7 paise versus dollar in early trade September 24, 2014

    Mumbai: The rupee lost 7 paise to 61.01 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from importers. Forex dealers attributed the rupee's fall to increased demand for the US currency from importers but dollar's weakness against other units...
  • Sensex closes flat; capital goods down September 24, 2014

    Mumbai: A day after a 430-point fall, a benchmark index of Indian equities markets provisionally closed Wednesday's trade flat -- down 31 points or 0.12 percent -- as capital goods, bank and consumer durables stocks slumped. Bearish sentiment in the market also loomed as the Supreme Court cancelled all the coal...
  • Modi US visit: India capable of achieving growth rate of 10%, says Arvind Panagariya September 24, 2014

    New York: Ahead of Prime Minister Narendra Modi's US visit on the 26 September, one of the core members from Modi's core team, Arvind Panagariya told CNN-IBN's Bhupendra Chaubey that India is capable of growing at a rate of 10%. He said that in order to achieve this and to...
  • Rupee falls to 1-week low of 60.94 Vs US dollar as stocks drop September 23, 2014

    Mumbai: The Indian rupee on Tuesday depreciated by 12 paise to close at one-week low of 60.94 against the Greenback on month-end dollar demand from importers and steep fall in local equities. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced lower at 60.93 a dollar from previous close...
  • CIL scouting for locations for Rs 7,000 cr solar projects September 22, 2014

    New Delhi: Stateowned Coal India (CIL) is in the process of identifying places for setting up of solar projects worth Rs 7,000 crore. "Coal India is in the process of identifying places for setting up the solar projects," a source said. "The directions for the same were given to the...
  • Rupee ends a paisa down at 60.82 Vs dollar in lacklustre trade September 22, 2014

    Mumbai: In lacklustre trade, the Indian rupee today closed one paisa down at 60.82 against the US dollar on alternate bouts of demand and supply, snapping a fourday rising trend. At the Interbank Foreign Exchange market (Forex), the domestic unit commenced lower at 60.85 a dollar from previous close of 60.81....