Economy

  • Modi unveils his economic agenda, says BJP government will review FDI 18-04-2014 01:34 PM

    New Delhi: Unveiling his economic roadmap for the country, Bharatiya Janata Party prime ministerial candidate Narendra Modi claimed that the economic policy of his government will be pro-people and in favour of India's business interest. He also said that there was a need to review FDI with a different perspective....
  • India's ratings to depend on next governement economy, fiscal policies: S~~amp;amp;P 17-04-2014 02:29 PM

    Standard and Poor's may upgrade India's outlook if the government that is elected next month addresses some of the country's fiscal and economic challenges through steps such as passing a goods and services tax. "If in the future they implement policies that effectively addresses some of the credit weaknesses that...
  • Rupee ends at 60.29 up 8 paise against dollar 17-04-2014 09:44 AM

    Mumbai: The rupee on Thursday gained by 8 paise to close the day at 60.29 against the dollar in line with the surge in stock markets, breaking three-day losing streak. Fresh dollar selling by exporters amid weak dollar overseas aided the rupee, forex dealers said, adding that sustained capital outflows...
  • Rupee at 3-week closing 60.37 against US dollar 16-04-2014 09:33 AM

    Mumbai: The rupee on Wednesday lost 14 paise to register its three-week closing low of 60.37 against the dollar amid capital outflows and continuing demand for the US currency from oil refiners. At the Interbank Foreign Exchange (Forex) market, the domestic currency resumed lower at 60.30 a dollar from the...
  • China needs to disclose foreign exchange market intervention: US 16-04-2014 07:18 AM

    Washington: Like other large emerging market countries including India and Brazil, China also needs to disclose its foreign exchange market intervention to increase the credibility of its monetary policy framework and to promote exchange rate and financial market transparency, the United States has said. "In line with the practice of...
  • Rupee ends at 60.23 vs US dollar, dips to two-week low 15-04-2014 09:18 AM

    Mumbai: The Indian rupee on Tuesday lost six paise to register its two-week closing low of 60.23 against the dollar on sustained dollar demand from importers. A firm overseas and capital outflows also weighed on the rupee, a forex dealer said. At the Interbank Foreign Exchange (Forex) market, the domestic...
  • Rupee loses 10 paise against dollar 11-04-2014 11:10 AM

    Mumbai: The rupee on Friday lost 10 paise to end the day at 60.17 against the dollar in line with fall in local stocks, amid fresh dollar demand from importers. Dollar gaining strength in overseas markets also hit the local currency, forex dealers said. The dollar index was up by...
  • Rupee ends higher by 7 paise at 60.07 against the US dollar 10-04-2014 11:30 AM

    Mumbai: The rupee on Thursday gained 7 paise to settle the day at 60.07 against the dollar which quoted lower in overseas markets on hints that the Fed Reserve may keep interest rates low. Fresh selling of greenback by exporters and banks also aided the rupee to record gains, forex...
  • Rupee recovers 26 paise vs dollar in early trade 09-04-2014 09:56 AM

    Mumbai: The rupee on Wednesday appreciated by 26 paise to 59.85 against the dollar in early trade at the Interbank Foreign Exchange amidst IMF's forecast of improved growth prospects for India. Besides, a higher opening in the domestic equity market and strengthening of other Asian currencies against the dollar overseas...
  • India likely to see weak economic growth, says OECD 08-04-2014 07:02 PM

    London: India and many major emerging economies are expected to see weak growth even as prospects have stabilised in most of the advanced countries, says a report by Paris-based think-tank OECD. Besides India, Brazil and Russia are likely to witness economic growth weakening whereas the prospects look better for China....
  • India's growth likely to recover to 5.4 per cent in 2014: IMF 08-04-2014 06:58 PM

    Supported by slightly stronger global growth, improving export competitiveness and implementation of recently approved investment projects, India's growth is expected to recover from 4.4 per cent in 2013 to 5.4 per cent in 2014, the IMF said on Tuesday. "India's growth is expected to recover from 4.4 per cent in...
  • Rupee up 29 paise against dollar in early trade 07-04-2014 09:52 AM

    Mumbai: The rupee appreciated by 29 paise to trade at 59.79 against the US dollar in early trade on Monday on selling of the American currency by banks. Forex dealers said sustained foreign capital inflows also supported the rupee but a lower opening in the domestic equity market and dollar...
  • Sun Pharma up 3 per cent, BHEL falls 3 per cent; Sensex, Nifty end flat 07-04-2014 09:45 AM

    Mumbai: After some heavy losses, the market ended flat but Nifty was below the 6700. The Nifty ended at 6695.05, up 0.70 points while the Sensex was down 16.05 points at 22343.45. Sun Pharma did not lose its grip even though the market was weak. The stock wrapped up today's...
  • Economy to boost mkt in long-term; current rally poll-driven 03-04-2014 06:44 PM

    Though the outcome of the general elections will offer a short-term boost to the market, a sustained rally will be determined by the economic data, according to a JP Morgan Asset Management report. "Although investors are eagerly awaiting the results of the general elections as a catalyst to boost market...
  • Nifty ends above 6700; SBI loses 2 pc, pharma outperforms 03-04-2014 09:33 AM

    Mumbai: Equity benchmarks retreated from record highs on Thursday with the Nifty snapping 10-day winning streak on account of profit booking in banks, oil & gas and capital goods stocks. The market fell as much as 0.8 percent intraday but it managed to trim losses in late trade. The Sensex...
  • How bad is the UPA's economic record? 02-04-2014 02:43 PM

    New Delhi: The economic record of the United Progress Alliance (UPA) is a major election issue, and the Bharatiya Janata Party (BJP) is making the case that weak leadership and a welfarist ideology led the UPA to fritter away India's economic future. At a press conference on Sunday, BJP leader...
  • Exclusive: Not worried about rupee overvaluation right now, says Rajan 02-04-2014 02:41 PM

    Mumbai: Reserve Bank of India governor Raghuram Rajan said he was not worried about rupee overvaluation for now. Strong foreign fund inflows over the last couple of months have lifted the rupee to an 8-month high, stoking concerns that India's exports could become uncompetitive. "When we were at 60/$, people...
  • Modi represents crony capitalism, big businesses support him: FM 31-03-2014 04:36 PM

    New Delhi: Finance Minister P Chidambaram on Monday hit out at Narendra Modi, the prime ministerial candidate of the BJP, saying he represented "crony capitalism" and big businesses which liked it, supported him. "Modi is associated with crony capitalists. Big businesses which are comfortable with the idea support him," he...
  • RBI likely to maintain status quo in monetary policy on Tuesday 31-03-2014 03:41 PM

    New Delhi: The Reserve Bank will come out with annual monetary policy on Tuesday amid expectations that it will maintain status quo because retail inflation, especially in food items, is yet to show definite signs of moderation. "It would be quite a tough call for the RBI in the given...
  • Chidambaram deteriorated a robust, healthy economy: Yashwant Sinha 30-03-2014 03:42 PM

    New Delhi: Attacking the Congress led UPA government on the economy front, the Bharatiya Janata Party on Sunday hit out at the Finance Minister P Chidambaram for India's weak economic condition. BJP leader and former finance minister Yashwant Sinha accused Chidambaram of deteriorating a robust and healthy economy. He, in...
  • India, US discuss security, nuclear proliferation, trade 29-03-2014 12:31 PM

    Seeking to bring ebbing bilateral ties back on track, India and the US on Saturday discussed maritime security and expanding regional trade in the Indo-Pacific Economic Corridor and beyond, administration officials said. During the sixth session of the US-India East Asia Consultations, top US officials "conveyed their condolences" to the...
  • 2014 Lok Sabha elections: It's all about jobs 29-03-2014 09:35 AM

    Patna: Old enough to vote for the first time, student Sheeba Shamim, the daughter of a middle class family, and young construction workers sweating on a nearby building site are impatient for a government in India that delivers jobs and hope for the future. They are among more than 100...
  • Rupee below 60 per dollar for first time in eight months 28-03-2014 09:53 AM

    Mumbai: Continuing its rising streak, the rupee on Friday strengthened to below 60 level at 59.90 for the first time since July 2013 against the US dollar in late afternoon trade on sustained foreign fund flows. Dealers said sustained selling of the American currency by banks and exporters and ongoing...
  • US fourth-quarter growth raised to 2.6 per cent 27-03-2014 06:22 PM

    US economic growth was a bit faster than previously estimated in the fourth quarter, displaying underlying strength that could bolster views that the slowdown in activity early in the year would be temporary. Gross domestic product expanded at a 2.6 per cent annual rate, the Commerce Department said on Thursday,...
  • Nifty ends March series above 6600, Sensex up 119.07 points 27-03-2014 09:34 AM

    Mumbai: It is a record closing of March F&O series with the Nifty ending at 6642, up 40.35 points. The Sensex was up 119.07 points at 22214.37. About 1668 shares have advanced, 1105 shares declined, and 158 shares are unchanged. SBI, Bharti Airtel, Hero Motocorp, GAIL and NTPC were big...
  • Sensex, Nifty hit fresh record high on capital inflows 26-03-2014 09:30 AM

    Mumbai: The BSE benchmark index Sensex on Wednesday climbed to all-time closing high of 22,095.30 points by gaining 40 points on sustained buying by foreign funds in bluechips on improving growth outlook amid a firming global trend. The National Stock Exchange's broad-based index Nifty also closed at record high of...
  • Stable UPA government providing strength to Indian economy, says Chidambaram 25-03-2014 12:41 PM

    Finance Minister P Chidambaram on Tuesday rejected media analysis that the "hope" of a stable government after elections is bringing in investments and driving up the capital market and the value of Rupee. He maintained it is not "hope" but the "fact" of a stable government provided by UPA and...
  • Rupee up 23 paise against dollar in early trade 25-03-2014 10:39 AM

    Mumbai: Extending its rising streak, the rupee opened 23 paise up to trade at 60.54 against the US dollar today on heavy capital inflows. Dealers said sustained selling of the American currency by banks and exporters also supported the rupee but a lower opening of the domestic equity market and...
  • Sensex up 0.25 points, ends at 21832.86 19-03-2014 09:47 AM

    Mumbai: In choppy trade, the benchmark Sensex on Wednesday ended almost unchanged as gains in HDFC, ITC and Tata Steel shares were countered by losses in IT stocks like TCS and Infosys, amid global markets turning cautious ahead of a closely-watched US Federal Reserve policy meeting. After touching the day's...
  • Rupee ends 24 paise higher at 60.95 against the US dollar 19-03-2014 09:46 AM

    Mumbai: The rupee on Wednesday appreciated 24 paise to close at a nearly one-week high of 60.95 against the dollar following selling of the US currency by exporters and some banks, amid sustained heavy capital inflows. The local currency that logged its best daily gain since March 6 seemed unperturbed...