INDIAN ECONOMY

  • Rate cut by RBI will give 'good fillip' to economy, says Arun Jaitley 5 days ago

    New Delhi: Pitching for a rate cut by RBI, Finance Minister Arun Jaitley on Monday said that lower cost of capital will give a "good fillip" to the economy. "I am quite clear in my mind that the cost of capital has to come down....
  • Inflation drops to 5-year low of 1.77 per cent, India Inc wants rate cut November 14, 2014

    New Delhi: Driven by softening prices of fuel and food items, the WPI inflation cooled to a five year low of 1.77 per cent in October raising hopes of rate cut by the Reserve Bank next month to boost economic growth. The decline in Wholesale Price Index (WPI) based inflation...
  • Rupee ends lower by 4 paise vs dollar at 61.55 November 13, 2014

    Mumbai: Paring its early gains, the rupee finished lower by 4 paise at 61.55 against the US dollar on renewed dollar demand from banks and importers. The rupee resumed higher at 61.46 per dollar as against last closing level of 61.51 at the Interbank Foreign Exchange (Forex) Market. However, it declined afterwards...
  • Sensex ends 68 points down; HPCL, BPCL slip 4-6 per cent on excise hike November 13, 2014

    Mumbai: The market has ended lower. The Sensex was down 68.26 points or at 27940.64 and the Nifty slipped 25.45 points at 8357.85. About 1334 shares advanced, 1716 shares declined and 105 shares were unchanged. Tata Power, Sesa Sterlite, ONGC, GAIL and Hero Moto were major laggards. On the gaining...
  • Industrial output growth picks up in September to 2.5 per cent November 12, 2014

    New Delhi: India's industrial output grew a faster-than-expected 2.5 per cent year-on-year in September, helped by a rebound in capital goods sector, government data showed on Wednesday. Analysts polled by Reuters had forecast the output to grow a meagre 0.6 per cent. Industrial production was upwardly revised to 0.5 per cent...
  • Rupee gains on foreign fund inflows November 12, 2014

    Mumbai: The rupee gained on Wednesday as heavy foreign fund buying of debt and equities boosted the local unit, but good demand for the greenback from state-run banks and caution ahead of retail inflation data prevented further gains. Foreign institutional investors have been buying both shares and debt in recent weeks,...
  • NCAER lowers India GDP growth forecast for this year to 5 per cent November 4, 2014

    New Delhi: The National Council of Applied Economic Research (NCAER) has lowered India's GDP growth forecast to 5 per cent in the current financial year on weak economical fundamentals and uncertainties in growth prospects. The economic think-tank in its earlier projection had suggested that the Indian economy was likely to...
  • Rupee snaps 4-day fall, ends at 61.36 vs US dollar on strong stocks October 31, 2014

    Mumbai: Robust capital inflows and good show by local equities helped the Indian rupee today snap a four-day losing trend and end nine paise higher at 61.36 against the Greenback. Fresh dollar selling by exporters and some banks also aided the rupee rise while a strong dollar overseas after forecast-beating US...
  • Global brands imbibing Indian values to boost luxury consumption October 30, 2014

    New Delhi: Luxury seems to have found a new address in India with emerging cities and small towns contributing to nearly half of country's Ultra HNH segment. In other words, Luxury brands are finding new patrons from small towns who have both money as well as taste. This is an...
  • Rupee drops to 2-week low vs US dollar after Fed sticks to low rates October 30, 2014

    Mumbai: Moving in opposite direction to stocks, the rupee on Thursday fell for the fourth day, dipping 10 paise to close at two-week low of 61.45 against the Greenback after US Federal Reserve kept in place its plans to maintain record low interest rate for some more time. While the Fed's...
  • Rupee slips 2 paise Vs dollar, ends at 61.32 in dull trade October 28, 2014

    Mumbai: The rupee on Tuesday slipped further by two paise to close at 61.32 against the US dollar due to some demand for the American unit in a lacklustre trade. There was some dollar demand from importers, mainly oil refiners, as brent crude for December delivery was trading low near USD...
  • Bottlenecks need to be cleared to woo private investments: Arvind Subramanian October 24, 2014

    Washington: Acknowledging that private investment is stifled in India due to "lots of regulations" and also scarcity of coal and electricity, new Chief Economic Adviser Arvind Subramanian has said that removing these bottlenecks will be key to kick start growth in the country. "The Indian economy needs a couple of...
  • Sensex soars over 321 points to end at 26429.85; Nifty at 7879.40 October 20, 2014

    Mumbai: The BSE Sensex and Nifty rose more than 1 per cent on Monday to mark their biggest daily gain in more than one week after the government's energy reforms led to a rally in oil firms, while wins by Bhartiya Janta Party in Maharashtra and Haryana assembly polls raised...
  • MSMEs should get easier finance from banking system: BJP October 14, 2014

    New Delhi: Micro, Small and Medium Enterprises should get easier finance from the formal banking system, senior BJP leader Murali Manohar Joshi said on Tuesday. "Small and medium scale industries are doing 70 per cent production of the country. If they do not remain in good health, the country's economy...
  • Public sector still relevant to Indian economy: Hamid Ansari October 14, 2014

    New Delhi: Although it has seen "tremendous denigration" over the years, the public sector continues to be relevant to the Indian economy, Vice President Hamid Ansari said on Tuesday. "Unfortunately, over the years the Public Sector has seen tremendous denigration... We consciously opted for mixed economy (private and public sector)...
  • Indian economy to see better growth momentum October 8, 2014

    London: The Indian economy is projected to see a pick up in growth momentum while most of the other major economies are anticipated to see stable prospects, Paris-based think tank OECD said on Wednesday. Only India is anticipated to witness better growth momentum among the...
  • 'Private equity investments in India likely to touch USD 12 billion in 2014' September 28, 2014

    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 has potential to become a $5 trillion economy, says BJP MP Jayant Sinha September 26, 2014

    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...
  • SC ruling on coal blocks likely to hit economy: India Inc September 24, 2014

    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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • India slips to 71st rank in global competitiveness list September 3, 2014

    Geneva/New Delhi: Weighed down by challenging economic conditions for most part of the past year, India has slipped to the 71st position the lowest among BRICS countries in an annual global competitiveness list, where Switzerland remains on top. The annual list, released on Wednesday by Genevabased World Economic...
  • India @ 9 with Bhupendra Chaubey September 2, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Congress proved right, GDP data shows decline in economic growth halted in 201314: Chidambaram August 30, 2014

    New Delhi: In response to the first quarter growth figures being the highest its been in twoandahalf years, former Finance Minister P Chidambaram has said that the results are in line with the Congress's stand that the decline in growth had ended in their term. "Congress party and I are...
  • AprilJune GDP growth at 5.7 per cent, highest in last nine quarters August 29, 2014

    New Delhi: The Indian economy registered its highest growth in nine quarters this financial year. According to the Ministry of Statistics and Programme Implementation, the Indian economy registered a GDP growth of 5.7 per cent in the AprilJune quarter of 201415. The GDP rose from 4.6 per cent in the last...