ECONOMY

  • Sensex logs worst drop in a month on profitbooking; Re at 61 September 10, 2014

    Mumbai: The benchmark Sensex on Wednesday logged its worst singleday fall in over a month as it slipped about 208 points to end at 27,057.41 hit by losses in bluechips, including RIL, Infosys and ITC, on sustained profitbooking after the recent rally and weak global cues. In addition, the rupee dipped...
  • Violence at home costs $8 trillion a year, worse than war: study September 9, 2014

    Oslo: Domestic violence, mainly against women and children, kills far more people than wars and is an often overlooked scourge that costs the world economy more than $8 trillion a year, experts said on Tuesday. The study, which its authors said was a first attempt to estimate global costs of violence,...
  • India to revise GDP measurement next year, economy may be larger September 9, 2014

    New Delhi: India will soon revise the way it measures gross domestic product to reflect underrepresented and informal economic sectors, two government sources said, in an initiative that is expected to show the economy is larger than previously thought. India usually revises the method of calculating national accounts and other macro...
  • Rupee logs sixweek peak of 60.29 vs US dollar, up 10 paise September 8, 2014

    Mumbai: The Indian rupee on Monday appreciated by ten paise to end at a nearly sixweek high of 60.29 against the Greenback tracking a solid rally in local shares and continued dollar selling by exporters and some banks. Good inflows also helped the rupee even as the widely tracked dollar index...
  • Sensex ends 293.15 points up at new high of 27,319.85; Nifty gains 87.05 points September 8, 2014

    Mumbai: Stock markets on Monday hit fresh highs with Sensex rising 293.15 points and the Nifty surging 87.05 points to end at new peaks on the back of gains in refinery, IT, metal and capital goods shares amid robust fund inflows. In step with share market, the rupee also firmed up...
  • Jet Airways announces two special fares for Rs 600, Rs 1,999 for economy class September 7, 2014

    Mumbai: Domestic air carrier Jet Airways has announced special fiveday fares for all passengers travelling in its economy class on the domestic network, effective on Saturday to September 10. One of the special all inclusive fares starting from Rs 1,999 is for travel period between October 7, 2014 to January...
  • India committed to bring back growth: Sushma Swaraj September 6, 2014

    Manama: India is firmly committed to bring back growth and have clear policies, which will facilitate business environment, transparency and speed, External Affairs Minister Sushma Swaraj said on Saturday. "The result is there before you in just 100 days: GDP growth is showing early signs of recovery. Indian economy has bounced...
  • India slips to 71st rank in global competitiveness list September 3, 2014

    Geneva/New Delhi: Weighed down by challenging economic conditions for most part of the past year, India has slipped to the 71st position the lowest among BRICS countries in an annual global competitiveness list, where Switzerland remains on top. The annual list, released on Wednesday by Genevabased World Economic...
  • India @ 9 with Bhupendra Chaubey September 2, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Rupee at 2 week low of 60.68 on sustained dollar demand September 2, 2014

    Mumbai: The rupee hit twoweek closing low of 60.68 by losing 15 paise against the dollar on consistent demand for the US currency from importers and some banks on strong global cues, continuing its downward trend for the fourth straight session. The dollar gaining strength against its rivals mainly weighed...
  • CAD narrows sharply to 1.7 pc in AprilJune quarter September 1, 2014

    New Delhi: India's Current Account Deficit narrowed sharply to 1.7 per cent of GDP in the AprilJune quarter of this fiscal mainly on account of reduction in trade deficit, and a steep decline in gold imports. "The lower CAD was primarily on account of a contraction in the trade deficit contributed...
  • Congress proved right, GDP data shows decline in economic growth halted in 201314: Chidambaram August 30, 2014

    New Delhi: In response to the first quarter growth figures being the highest its been in twoandahalf years, former Finance Minister P Chidambaram has said that the results are in line with the Congress's stand that the decline in growth had ended in their term. "Congress party and I are...
  • AprilJune GDP growth at 5.7 per cent, highest in last nine quarters August 29, 2014

    New Delhi: The Indian economy registered its highest growth in nine quarters this financial year. According to the Ministry of Statistics and Programme Implementation, the Indian economy registered a GDP growth of 5.7 per cent in the AprilJune quarter of 201415. The GDP rose from 4.6 per cent in the last...
  • Rupee recovers 7 paise against dollar in early trade August 28, 2014

    Mumbai: The rupee recovered by 7 paise to trade at 60.38 against the US dollar in early trade on selling of the American currency by banks and exporters amid sustained foreign capital inflows. Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas...
  • Barack Obama to travel to China Burma and Australia in November August 28, 2014

    Washington: US President Barack Obama will visit China, Burma and Australia in November as part of his administration's Asia Pacific rebalance strategy to attend key regional summits and meet G20 leaders, a senior US official said. In Beijing Obama will attend the Asia Pacific Economic Cooperation (APEC) Summit on November...
  • Rupee softens by 2 paise vs USD to end at 60.45 in dull trade August 27, 2014

    Mumbai: The Indian rupee on Wednesday edged two paise lower and ended at 60.45, near its fourweek high levels, against the Greenback on dollar demand from importers. However, bullish local equities, sustained capital inflows and a weak dollar overseas helped check the rupee fall, a forex dealer said. At the Interbank...
  • Rupee logs 4week closing high of 60.43 vs dollar, up 13 paise August 26, 2014

    Mumbai: The Indian rupee on Tuesday appreciated by 13 paise to end at nearly fourweek high of 60.43 against the American currency following fresh dollar selling by exporters and sustained investments by foreign funds. However, some hesitancy in local equities and weak dollar overseas kept the rupee in a tight range. The...
  • Rupee falls nine paise Vs US dollar to end at 60.56 August 25, 2014

    Mumbai Retreating from over threeweek highs, the Indian rupee on Monday fell nine paise to close at 60.56 against the Greenback on late profit booking in local equities and fresh dollar demand from oil importers. However, sustained capital inflows and a weak dollar overseas limited the rupee fall, a forex dealer...
  • India needs high quality governance, says Arun Jaitley August 24, 2014

    Kolkata: Observing that India needs to learn from international best practices in governance, Finance Minister Arun Jaitley on Sunday called the corporate sector to utilise opportunities that beckon India's economy. Addressing a function here where he presented the 13th ICSI National Awards for Excellence in Corporate Governance to Companies and Company...
  • Ebola hits west African economy; fields, mines abandoned August 24, 2014

    Monrovia: The worstever outbreak of the Ebola virus is taking a heavy toll on west Africa's economy as crops rot in the fields, mines are abandoned and goods cannot get to market. The epidemic has ravaged the region since it erupted in the forests in the south of Guinea earlier this...
  • Rupee rebounds 20 paise to end over 3week high Vs US dollar at 60.47 August 22, 2014

    Mumbai: The Indian rupee on Friday rebounded 20 paise to end at over threeweek high of 60.47 against the Greenback following strong local equities and capital inflows. After falling six paise on Thursday, the sentiment was in favour of the rupee today and helped it shrug off a better dollar in...
  • Rupee snaps threeday rise, ends 6 paise down Vs US dollar at 60.67 August 21, 2014

    Mumbai: Breaking its threesession string of gains, the Indian rupee today retreated from threeweek highs and ended six paise down at 60.67 against the greenback on importer demand for US currency, amid a firm dollar overseas. However, a marginal recovery in local equities and continued capital inflows restricted the rupee fall....
  • Economists with their suggestions for participative governance August 20, 2014

    Now that the Prime Minister Narendra Modi has asked what shape and form the planning commission should take, economists and former member of the planning commission give suggestions on what steps should be taken for participative governance. ...
  • Rupee washes out early losses, ends up 6 paise vs US dollar at 60.61 August 20, 2014

    Mumbai: Recouping early losses, the Indian rupee on Wednesday closed six paise higher at almost a threeweek high of 60.61 against the American unit on constant dollar selling by exporters and some banks, amid increased inflows. However, weakness in local stocks and strong dollar overseas confined the rupee rise, a forex...
  • Rupee up 7 paise against dollar in early trade August 19, 2014

    Mumbai: Extending its rising streak for the second session, the rupee strengthened by seven paise to trade at fresh twoweek high of 60.69 against the US dollar in early trade on Monday amid sustained foreign capital inflows. Increased selling of dollars by banks and exporters amid soaring equity markets on heavy...
  • Full text: President Pranab Mukherjee's address to the nation on Independence Day eve August 14, 2014

    New Delhi: Strongly disapproving of disruptions in Parliament, President Pranab Mukherjee on Thursday said that the need of the hour is to restore the grandeur and glory of institutions that have sustained democracy. "I sometimes wonder: has our democracy become too noisy? Have we lost the heart of contemplation and...
  • Has democracy become too noisy, asks President on the eve of the 68th Independence Day August 14, 2014

    New Delhi: President Pranab Mukherjee on Thursday said intolerance and violence is a betrayal of the letter and spirit of democracy and slammed those who believe in the "poison drip of inflammatory provocation". In his Independence Dayeve address to the nation, he referred to bigotry and noted that an increasingly...
  • Hiring activity up 20 per cent in July 2014 over July 2013: Survey August 14, 2014

    New Delhi: India has seen a growth in hiring activity with the Naukri Job Speak Index for the month of July 2014 at 1649 indicating a 20 per cent growth in hiring when compared to July 2013. Monthly comparison also shows a growth of 5 per cent in hiring activity...
  • Rupee rises nine paise to 1week high of 61.08 vs US dollar August 14, 2014

    Mumbai: The Indian rupee on Thursday rose by nine paise to end at oneweek high of 61.08 against the greenback on fresh dollar selling by banks and exporters. The rupee resumed steady at 61.17 per dollar and hovered in a range of 61.07 and 61.22 per dollar before ending at 61.08...
  • Rupee down most in a week vs US dollar to end at 61.21 as inflation rises August 13, 2014

    Mumbai: The rupee on Wednesday fell 13 paise in its biggest drop in a week to end at 61.21 against the Greenback following fresh dollar demand from importers, amid uptick in retail inflation and slowing industrial production growth. However, better local equities and some capital inflows helped restrict the fall...