It was disappointing that growth had slowed to five per cent but this was temporary and the government was taking corrective measures to get back to eight percent growth, Prime Minister Manmohan Singh said on Wednesday. Addressing the annual meeting of the Confederation of Indian Industry (CII), the prime minister said the government and business have to be partners in writing the story of development. ...
11:50 AM, Apr 03, 2013
The Indian economy is facing a temporary downturn, and average rates of economic growth above 8 per cent are possible in the medium term, Prime Minister Manmohan Singh told a gathering of the nation's top businessmen on Wednesday. ...
11:18 AM, Apr 03, 2013
Prime Minister Manmohan Singh made a poll pitch to the industry and said that all regulatory hurdles will be removed. Manmohan inaugurated the two-day annual general meeting of the Confederation of Indian Industry (CII) on Wednesday and asked corporate India to reflect on their social roles more carefully. ...
11:00 AM, Apr 03, 2013
>Asserting that India has to sort many internal issues, Finance Minister P Chidambaram on Monday said containing fiscal deficit, current account deficit and inflation are big challenges that country is facing currently. However, he maintained that the problems were being addressed and that fiscal deficit will reach the target of 3 per cent in 2016-17. ...
06:40 PM, Apr 01, 2013
India's economy is capable of absorbing $50 billion in foreign direct investment per year, Finance Minister P Chidambaram said on Monday. Addressing a news conference during a visit to Tokyo promoting India as investment destination, Chidambaram also reiterated that growth in Asia's third-largest economy was expected to accelerate in the current fiscal year to March 2014. ...
02:25 PM, Apr 01, 2013
Globalization and an open economy has made it possible today to work with rest of the world as a global citizen and have a global career. However education, exposure and highly developed skills gives one a skill to have a fantastic professional carrier internationally. ...
08:30 PM, Mar 31, 2013
Terming the current account deficit at 6.7 per cent of GDP in the December quarter as "far too high", Planning Commission Deputy Chairman Montek Singh Ahluwalia on Thursday said the country needs a strategy to deal with the problem. ...
03:46 AM, Mar 29, 2013
The BSE benchmark Sensex on Thursday closed 131 points higher on fag-end buying by funds mainly in metal, capital goods, consumer durables, PSU and banking stocks amid expiry of the monthly derivatives contract. ...
09:48 AM, Mar 28, 2013
South Australia rolled out a 10-year strategy to enhance trade ties with India by holding its first meeting of South Australia-India Council in Adelaide. State Trade Minister Tom Kenyon said the strategy identified key sectors of the economy that could take advantage of India's rapid development and create local jobs. ...
01:42 PM, Mar 25, 2013
Cyprus has agreed to shrink its bloated financial industry and tap big depositors at its two leading banks for billions of euros. The last-minute deal has cleared the way for a 10 billion euro bailout from the European Union. ...
11:40 AM, Mar 25, 2013
Unhappy over delay in getting clearances for his projects, the world's largest steelmaker LN Mittal on Saturday said India was not his top priority for investment. ...
04:50 PM, Mar 24, 2013
The government will ease restrictions for foreign institutional investors in central and corporate bonds in April to attract inflows and help fund a widening current account deficit, Finance Minister P Chidambaram said on Saturday. ...
05:32 PM, Mar 23, 2013
Finance Minister P Chidambaram has hinted at steps to restore a sense of security in Jammu and Kashmir by April-May. Addressing the National Editors Conference in the Capital, Chidambaram said that violence in the valley will subside and the present phase of uncertainty will end. He did not, however, specify what measures are being contemplated. ...
01:40 PM, Mar 23, 2013
Despite the recent series of economic reform being pushed by the Indian government, US investors and officials have told a visiting top Indian official that doing business in India is "messy". ...
11:59 AM, Mar 23, 2013
China could become the world's largest economy by 2016 if it fully implements a series of regulatory, market, socio-economic and tax reforms, the Organization for Economic Cooperation and Development said. In the presentation here Friday of its latest Economic Survey of China, the OECD forecast that the Asian giant's economy will grow by 8.5 per cent in 2013 and 8.9 per cent in 2014, higher than most analysts' expectations. ...
11:27 AM, Mar 23, 2013
India aided its bid to avoid a credit downgrade by raising $279 million from selling shares in state-run Steel Authority of India Ltd, but needed help from state investors to do so. The share sale on Friday is part of the government's divestment drive to help restrict the fiscal deficit to 5.2 per cent in the year ending March 31, to avoid becoming the first of the BRIC economies to...
07:31 PM, Mar 22, 2013
India's amendments to make the US-sponsored resolution against Sri Lanka tougher at the UNHRC could not be incorporated due to lack of consensus, External Affairs Minister Salman Khurshid said on Thursday. ...
02:32 AM, Mar 22, 2013
Coca-Cola says it's cutting 750 jobs in the US as it continues to streamline its business. The world's biggest beverage maker says the jobs cuts will be across the board and that affected individuals will be notified in coming weeks. The cuts represent roughly 1 per cent of the company's workforce of 75,000 in North America. ...
02:13 AM, Mar 22, 2013
The rupee opens higher tracking returns of risk appetite to global markets. The pair is at 54.26/27 versus its close of 54.36/37 on Wednesday. Initially some foreign banks were on dollar offer side, but the pair is seeing interest From both sides, says a private bank dealer. The pair has technical resistance at 200-day DMA of 54.62. ...
10:20 AM, Mar 21, 2013
In highly volatile trade, the Bombay Stock Exchange benchmark Sensex on Thursday pared over 200-point gain to close the day 91 points down at nearly four-month low levels on emergence of fag-end selling amid new political developments and weak global cues. ...
09:47 AM, Mar 21, 2013
