Economy

  • Economy will grow at 5.5 per cent in Q4, says C Rangarajan March 14, 2014

    Country's economy is likely to grow at 5.5 per cent in the fourth quarter of the current fiscal on higher agriculture output and pick up in the manufacturing activities, Prime Minister's Economic Advisory Council (PMEAC) chairman C Rangarajan said on Friday. "I see some greenshoots in Indian economy...In order to achieve...
  • Rangarajan says 5.2 per cent growth in Q4 achievable March 14, 2014

    The economy can grow an annual 5.2 percent in the quarter to end-March on higher farm output growth, the chairman of the Prime Minister's Economic Advisory Council said on Friday. C Rangarajan also said he expects the economic growth to pick up to 5.5-6 per cent in the fiscal year that...
  • Rupee closes higher by 5 paise at 61.17 against US dollar March 13, 2014

    Mumbai: The rupee closed higher by 5 paise or 0.08 per cent at 61.17 against the US dollar on Thursday. Earlier in the day, the Indian rupee opened higher at 61.02 per dollar on Thursday as against previous day's closing value of 61.22 a dollar. It immediately breached 61 level...
  • Sensex loses 109 points; Tata Power up 4 per cent, metals melt March 11, 2014

    Mumbai: After a choppy session, the market snapped 5-day gaining streak. The Sensex lost 109 points to end at 21826.42, and the Nifty was down 25.35 points at 6511.90. About 1239 shares advanced, 1529 shares declined, and 172 shares were unchanged. Tata Power was star of the day with a...
  • Rupee closes down by nine paise against US dollar March 11, 2014

    Mumbai: The rupee closed down by nine paise against the US dollar on Tuesday. Earlier in the day, the rupee strengthened by 20 paise to trade at over seven-month high of 60.65 against the US dollar on Tuesday on heavy capital inflows amid a higher opening in the equity market. Dealers said...
  • Rupee closes 22 paise up, at 60.85 vs US dollar March 10, 2014

    Mumbai: Rising for the fifth day in a row, the rupee on Monday appreciated 22 paise against the US dollar to end at an over seven-month high level of 60.85 on heavy capital inflows into equities that surged to a fresh record. Sustained dollar selling by exporters and some banks also...
  • Nifty ends at 6537; metals, IT, pharma crack & banks lead March 10, 2014

    Mumbai: The Sensex ended up 15.04 points at 21934.83, and the Nifty was up 10.60 points at 6537.25. About 1450 shares advanced, 1331 shares declined, and 156 shares were unchanged. After breaching 22,000 level for the first time, the benchmark BSE Sensex fell 47 points in early trade on Monday...
  • Markets break records, Sensex, Nifty ends at an all time high March 7, 2014

    The Nifty on Friday ended at a record closing of 6526.65, after hitting a new high of 6538 intra-day. The Sensex too ended at a closing high of 21919.79, after hitting a peak of 21961. The situation is quite different from the upswing last December ahead of state elections when...
  • India economy to grow at 5.6 per cent in 2014-15: Report March 6, 2014

    India is likely to grow by 5.6 per cent in 2014-15 against a projected growth of less than 5 per cent in the current fiscal, a report by India Ratings and Research has said. "The global economy in 2014 appears to be in a better shape than what it was in...
  • Devil's Advocate: BJP doesn't indulge in caste politics, says Jaitley March 2, 2014

    Leader of Opposition in the Rajya Sabha Arun Jaitley has said that the BJP is not a party which indulges in vote bank politics. In an interview with Karan Thapar in 'Devil's Advocate,' Jaitley said, "BJP is not a party which will have religious based reservations and will not go...
  • Indian economy grows 4.7 per cent in October-December quarter February 28, 2014

    The Indian economy grew 4.7 per cent in the third quarter of this financial year mainly due to improved performance in the agriculture and services sectors. The country's gross domestic product (GDP) had expanded 4.8 per cent in the July-September quarter and 4.4 per cent in April-June. Growth in the first...
  • April-January fiscal deficit at $ 86 billion, crosses full year target February 28, 2014

    India's fiscal deficit in the first ten months of the 2013-14 financial year crossed the target for the whole year, putting pressure on the finance minister of Asia's third-largest economy to cut spending ahead of an election. The fiscal deficit touched 5.33 trillion rupees during April-January, or 101.6 per cent of...
  • India @ 9 with Rajdeep Sardesai February 27, 2014

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • News 360: Major fire in cracker factory in Mumbai, 9 dead February 27, 2014

    A major fire broke out on Thursday evening at a cracker factory in Alibaug near Mumbai. At least nine people are feared dead in the incident. The incident took place around 3 pm. ...
  • A Billion Votes: India is in desperate need of investment, says Modi February 27, 2014

    Bharatiya Janata Party Prime Ministerial candidate Narendra Modi on Thursday made a pitch to corporate India in the national capital. Speaking to a gathering of corporates, bankers and investment houses, Modi said that the country is in dire need of investment in infrastructure in all sectors. Modi also endorsed Foreign...
  • Infrastructure splurge too late for UPA-2 or next government February 27, 2014

    New Delhi: India's drive to break an infrastructure investment logjam has come too late to revive the economy before the forthcoming general election - and it could be years before it pays growth dividends for the next government. Although a cabinet task force set up by Prime Minister Manmohan Singh...
  • BJP will eliminate archaic laws if it comes to power: Modi February 27, 2014

    New Delhi: While pitching for the Bharatiya Janata Party, Gujarat Chief Minister Narendra Modi on Thursday said that there is an urgent need to revive the Indian economy. "There is a need to revive the structure of the government in India. Give us power so that we can eliminate insignificant...
  • Rupee down 8 paise against dollar in early trade February 26, 2014

    Mumbai: Breaking a three-day winning run, the rupee on Wednesday lost 8 paise to 62.02 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency overseas. Forex dealers said apart from month-end demand for the American currency from importers, dollar gaining...
  • Rupee opens at 62.16 vs dollar, down 4 paise February 24, 2014

    Mumbai: The rupee fell marginally by 3 paise to 62.15 against the US dollar in early trade on Monday at the Interbank Foreign Exchange market due to increased demand for the US currency from importers. Forex dealers said besides dollar's gains against other currencies overseas, increased demand from importers for...
  • Cost of credit biggest worry for CEOs: CII February 23, 2014

    Corporate honchos have cited cost of credit as their biggest concern impeding economic growth and investments, even as a majority of them said the interim budget would help increase overall demand within next six months, a poll of industry leaders by CII has said. An overwhelming 74 per cent of respondents...
  • Modi can't ensure higher growth than UPA: Chidambaram February 23, 2014

    New Delhi: Finance Minister P Chidambaram defended UPA's record on the economic front, saying it delivered India's highest growth rate in any five-year period. Chidambaram was fielding questions from students, economists and professionals on Headlines Today's Right to be Heard Townhall debate. "UPA has delivered the highest growth rate in any period...
  • Indian economy much more resilient to external shocks: IMF February 21, 2014

    The Indian economy is much more resilient to external shocks now than was last year, a top IMF official has said, attributing this to a series of administrative decisions and policy measures taken by the Union Government. "We see India much more resilient than they were about the middle of last...
  • Indian rupee opens flat at 62.19 vs US dollar February 21, 2014

    Mumbai: The Indian rupee opened flat at 62.19 per dollar in the early trade on Friday. It closed at 62.22 Thursday. The dollar pulled away from a seven-week low against the euro and pushed higher against the yen in early Asian trade, bolstered by upbeat US economic data. Pramit Brahmbhatt...
  • Rahul Gandhi has all the qualities of a good leader: Chidambaram February 20, 2014

    Chidambaram was speaking to Karan Thapar on Devil's Advocate. He also spoke about the state of the Indian economy and the situation in Parliament. ...
  • Chidambaram hits out at critics, says have pulled back economy February 18, 2014

    Hitting out at critics of UPA's management of economy, Finance Minister P Chidambaram on Tuesday said the government has "pulled back" the economy from a difficult situation and put it back on a high growth path. Rejecting description of his interim Budget as populist, he said over the last couple of...
  • Sensex jumps 170 pts to 3-week high as budget cheer continues February 18, 2014

    Mumbai: The benchmark Sensex on Tuesday shot up 170 points to a nearly three-week closing high of 20,634.21, driven by gains in banking, capital goods and auto shares as investors continued to cheer the interim budget proposals. The Sensex, which had gained 271 points in the previous two sessions, rose...
  • Chidambaram's 10-point agenda to make India 3rd largest economy February 18, 2014

    New Delhi: Finance Minister P. Chidambaram on Monday unveiled a 10-point agenda that would help make India the third largest economy by 2043 only behind the US and China. While presenting the interim budget for the fiscal 2014-15 in the Lok Sabha, the finance minister said the size of Indian...
  • Budget 2014: UPA cuts excise duty, lowers prices, woos voters ahead of polls February 18, 2014

    New Delhi: In a move to woo the voters ahead of the upcoming Lok Sabha elections, Finance Minister P Chidambaram on Monday unveiled the UPA government's interim budget, its last before the party goes to face the electorate. In his interim budget, the Finance Minister has reached out to specific...
  • Budget 2014: MEA gets higher allocation February 17, 2014

    New Delhi: The Ministry of External Affairs was on Monday allocated Rs 14,130 crore for 2014-15, which is an increase of 20 per cent compared to revised outlay of last year as more funds have been earmarked for India's overseas developmental projects. The allocation is up by Rs 2,337 crore from...
  • Duty relief helpful if it works for a long time: FICCI February 17, 2014

    FICCI president Sidharth Birla said that the government has given some duty relief but we have to see the duration of it. But if it works for a long time, it will be very helpful. The auto-mobile industry was in a bad state and he has tried to help it...