Economy

  • Rupee down 11 paise against dollar in early trade 1 hour 17 minutes ago

    Mumbai: The rupee fell by 11 paise to 60.93 against the US dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from importers. Forex dealers said besides a lower opening in the domestic equity markets, increased demand from importers for the American...
  • CIL scouting for locations for Rs 7,000 cr solar projects 13 hours 30 minutes ago

    New Delhi: State-owned 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 17 hours 15 minutes ago

    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 four-day 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....
  • Sensex closes above 100 points, consumer goods stocks gain 18 hours 44 minutes ago

    Mumbai: A benchmark index of Indian equities markets recovered after posting initial losses and closed above 100 points (provisional) in a volatile trade session on Monday. The session in which the market initially lost around 150 points, saw metal, healthcare and capital goods stocks lose. However, consumer durables, automobile, fast moving...
  • G20 promises more steps to boost global GDP by US dollar 2 trillion Yesterday

    Cairns: G20, a grouping of developed and developing nations, on Sunday vowed to take more measures to push the global GDP by an additional 2 per cent, or over US dollar 2 trillion, by 2018. Although as per the IMF-OECD estimates, an incremental growth of 1.8 per cent in global GDP...
  • G20 finance chiefs aim to 'change destiny of global economy' 2 days ago

    Cairns (Australia): Finance chiefs from G20 nations held talks on Saturday, confident they can "change the destiny of the global economy" despite rising world political tensions and mounting fears of financial instability. The meeting in Cairns aims to thrash out a set of policies to achieve the ambitious goal of raising...
  • India's GDP to rebound to over 7 pc in 2-3 years: Arvind Mayaram 4 days ago

    Cairns: India is following economic growth inducing policies and is confident that the GDP will rebound to over 7 per cent in 2-3 years, Finance Secretary Arvind Mayaram said on Thursday while emphasising that business confidence is back. Making an intervention during the G20 Deputies Meeting, Mayaram said that the Indian...
  • Sensex recovers 139 points on hopes Fed will keep rates low 4 days ago

    Mumbai: After two days of sharp losses, the benchmark Sensex on Thursday rebounded from three-week lows and closed with a gain of 139 points in line with positive global markets on hopes Fed will retain its low interest rate regime and China will pump fresh funds in banks to boost...
  • Rupee gains for 3rd day, rises 8 paise vs USD to end at 60.84 4 days ago

    Mumbai: Rebounding from one-month lows, the Indian rupee on Thursday ended eight paise higher at 60.84 against the greenback following late dollar selling by exporters and a strong rally in local shares. A fall in dollar value abroad against major rivals also helped rupee recover from early losses as US Federal...
  • Modi-Xi meet: Can strategic divergence meet economic convergence? 5 days ago

    A combination the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said ahead of a rare visit to India on Wednesday, playing down mistrust that has kept the Asian giants apart. India's new Prime Minister, Narendra Modi, is determined to build closer...
  • India home to 100 billionaires; 6th largest population globally 5 days ago

    Singapore/New Delhi: India has retained its sixth position in terms of number of billionaires with 100 such people collectively having USD 175 billion in networth, while globally the number of uber-rich has reached a record high of 2,325 persons. According to the Wealth-X and UBS Billionaire Census 2014, released on Wednesday,...
  • What the 'peaceful rise of China' means for India part 3: Indian and Chinese economies compared 5 days ago

    The spectacular rise of China in the last few decades is first and foremost the story of its unparalleled economic growth and development. It is the economic might of China that underpins its national strength. It is thus crucial to have a dispassionate look at China's rise as an economic...
  • Sensex rebounds over 138 points on hopes Fed will retain low rates 5 days ago

    Mumbai: A benchmark index of Indian equities markets on Wednesday surged 131.16 points or 0.50 per cent up as metal stocks gained. All the sectors were trading in green and good buying was observed in metal, healthcare, consumer durables and capital goods sectors. The 30-scrip Sensitive Index (Sensex) of the S&P Bombay...
  • Modi government created favourable atmosphere for India, says President 6 days ago

    Ho Chi Minh City: President Pranab Mukherjee on Tuesday had some words of praise for the new Indian government as he credited it for not only initiating steps to bring the economy on a better path but also for creating a "favourable" atmosphere for India across the globe. The President, who...
  • US rate hike fears hit market as Sensex, Nifty fall most in 7 weeks 6 days ago

    Mumbai: In their worst single-day drop in nearly 7 weeks, Sensex plunged 324 points to 26,492.51 and Nifty tanked 109 points to 7,932.90 on negative cues from jittery global markets before the US Federal Reserve's much-awaited monetary policy meeting that starts later on Tuesday. An earlier-than-anticipated rate hike by Fed could...
  • Rupee up 11 paise against dollar in early trade 1 week ago

    Mumbai: The rupee recovered from over one-month low by rising 11 paise to 61.02 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market on selling of the American currency by exporters and banks. Forex dealers said besides fresh selling of the American currency by exporters and...
  • Modi government's efforts led to decline in inflation, says BJP 1 week ago

    New Delhi: BJP on Monday credited the initiatives taken by Narendra Modi government for the decline in inflation and said it was committed to bring down prices and help improve the country's economy to make the life of the common man easy. The party said that its government has taken...
  • August WPI inflation dips to 3.74 pc, lowest in 5 years 1 week ago

    New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low. The inflation measured on Wholesale Price Index (WPI) was at 5.19 per cent in July and 6.99 per cent in...
  • Sensex falls over 244 points to close at 26,816.56 1 week ago

    Mumbai: Sensex fell over 244 points to close at 26,816.56 while Nifty ended 63.50 points down at 8,042 on Monday. Earlier on the day, the benchmark BSE Sensex tumbled over 185 points to dip below the 27,000-mark in early trade on selling by funds and retail investors after industrial production growth...
  • Over Rs 5,000 crore loss to J&K economy due to floods: Assocham September 14, 2014

    New Delhi: Devastating floods in Jammu and Kashmir have caused an immediate loss of Rs 5,400-5,700 crore to the state's economy, with heavy damages to trade, hotels, restaurants, horticulture and handicraft, according to initial estimates of industry body Assocham. Jammu and Kashmir has been hit by the worst floods in over...
  • Sensex, Nifty rangebound; Cipla rises 6 per cent, HDFC most active September 12, 2014

    Mumbai: The market ended a volatile session on a higher note. The Nifty managed to end above 8100, up 19.80 points at 8105.50 while the Sensex was up 65.17 points at 27061.04. Cipla, Bharti Airtel, Maruti, Sesa Sterlite and Hero Motocorp were top gainers in the Sensex. Among the top...
  • Economic prospects brighten, GDP to improve to 5.2 pc in 2014: Moody's September 10, 2014

    New Delhi: Rating agency Moody's on Wednesday said that the downside risks to the economy have receded and prospects have brightened with growth rate expected to accelerate to 5.2 per cent in 2014 and 6.5 per cent by end of 2015. "With risks receding and most sectors expanding, our 2014 forecast...
  • Indian economy to grow 5.6 pc in 2014: UNCTAD September 10, 2014

    New Delhi: The Indian economy will grow at a rate of 5.6 per cent in 2014 while developing economies as a whole will see between 4.55 per cent rise in economic expansion, a report by United Nations body UNCTAD said on Wednesday. The UNCTAD Trade and Development report 2015 forecasts...
  • 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...