Economy

  • Nifty ends below 8000; Sun Pharma & ITC up, Bankex in red 6 hours 5 minutes ago

    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' 2 days ago

    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 3 days ago

    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' 4 days ago

    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 4 days ago

    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 4 days ago

    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 4 days ago

    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 5 days ago

    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 6 days ago

    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 6 days ago

    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 6 days ago

    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 6 days ago

    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 1 week ago

    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....
  • Sensex closes above 100 points, consumer goods stocks gain September 22, 2014

    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 September 21, 2014

    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 IMFOECD estimates, an incremental growth of 1.8 per cent in global GDP...
  • G20 finance chiefs aim to 'change destiny of global economy' September 20, 2014

    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 23 years: Arvind Mayaram September 18, 2014

    Cairns: India is following economic growth inducing policies and is confident that the GDP will rebound to over 7 per cent in 23 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 September 18, 2014

    Mumbai: After two days of sharp losses, the benchmark Sensex on Thursday rebounded from threeweek 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 September 18, 2014

    Mumbai: Rebounding from onemonth 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...
  • ModiXi meet: Can strategic divergence meet economic convergence? September 17, 2014

    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 September 17, 2014

    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 uberrich has reached a record high of 2,325 persons. According to the WealthX and UBS Billionaire Census 2014, released on Wednesday,...
  • What the 'peaceful rise of China' means for India part 3: Indian and Chinese economies compared September 17, 2014

    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 September 17, 2014

    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 30scrip Sensitive Index (Sensex) of the S&P Bombay...
  • Modi government created favourable atmosphere for India, says President September 16, 2014

    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 September 16, 2014

    Mumbai: In their worst singleday 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 muchawaited monetary policy meeting that starts later on Tuesday. An earlierthananticipated rate hike by Fed could...
  • Rupee up 11 paise against dollar in early trade September 16, 2014

    Mumbai: The rupee recovered from over onemonth 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 September 15, 2014

    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 September 15, 2014

    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 fiveyear low. The inflation measured on Wholesale Price Index (WPI) was at 5.19 per cent in July and 6.99 per cent in...