The BSE benchmark Sensex on Wednesday closed 14 points up as investors covered up their pending positions before monthly expiry in the derivatives segment amid better global trend. ...
09:26 AM, Jan 30, 2013
Asserting that India was a "shining star" with a growth rate of 6.5 per cent, which not many countries can boast of, Union Minister Jyotiraditya Scindia on Friday said the country would emerge as a stronger economic force in next one year on the back of continuing reforms. ...
04:40 PM, Jan 25, 2013
India on Thursday assured global retail giants Walmart and Tesco that it will hand hold them for their entry into the just opened multi-brand retailing in the country. The assurance was given by Commerce and Industry Minister Anand Sharma to the heads of the two retail giants in separate meetings on the sidelines of the annual World Economic Forum conference in Davos. ...
09:22 PM, Jan 24, 2013
The government on Thursday said it will set up a committee to look into the allegations that US retail giant Walmart indulged in lobbying activities in India to gain entry in the country's market. Corporate Affairs Minister Sachin Pilot said the government will set up a committee to look into the matter. ...
07:12 PM, Jan 24, 2013
Equity markets will turn attractive and bonds and gold are likely to lose their sheen this year as domestic growth revives following the recent reforms and the improving global environment, says British lender RBS in a report. ...
07:00 PM, Jan 22, 2013
India's gold imports could drop by up to a quarter this year if, as expected, the government again raises the duty on the precious metal, the chairman of the All India Gems and Jewellery Trade Federation said on Thursday. Bachhraj Bamalwa said he believes import duty on gold will be hiked to 6 per cent in the budget scheduled for February 28. ...
10:50 PM, Jan 17, 2013
Emerging economies are set to grow faster than the developed economies over the next four decades and India is likely to become one of the three largest economies by 2050, says a PwC report. According to the report 'World in 2050 The BRICs and Beyond: Prospects, challenges and opportunities', the global financial crisis has accelerated the shift of the economic centre of gravity and China is expected to surpass the...
04:56 PM, Jan 16, 2013
The Sensex fell on Friday as caution ahead of inflation data next week hit banks such as State Bank of India and spurred profit-taking in recent outperformers such as ONGC. ...
09:28 AM, Jan 11, 2013
After announcing a hike in railway fares, the government is now set to take a tough decision on raising fuel prices as early as this week or next week. A hike of Rs 4.50 per litre in diesel prices and that of Rs 100 per cylinder for LPG prices is expected. ...
01:19 PM, Jan 10, 2013
HSBC further cut its India growth forecast for the current and next fiscal years, saying the slowdown in the economy has become more structural than cyclical. ...
09:37 AM, Jan 10, 2013
India's car sales are expected to post their weakest growth in nine years, if any at all, as automakers such as Tata Motors and Maruti Suzuki battle with falling demand due to high interest rates and rising car ownership costs. ...
02:29 PM, Jan 09, 2013
The BSE benchmark Sensex on Wednesday slipped by 76 points to close at one-week low and the NSE Nifty ended below the 6,000-mark on fag-end selling in FMCG, consumer durables, auto and metal shares, ahead of November industrial production data. ...
09:43 AM, Jan 09, 2013
The BSE benchmark index Sensex recovered by over 51 points to end at 19,742.52 points on the back of late buying in FMCG and banking stocks amid weak Asian and mixed European cues. ...
09:29 AM, Jan 08, 2013
Finance Minister P Chidambaram on Thursday said investment in manufacturing and services sectors needed to be revived for creating jobs and accelerating economic growth. ...
02:24 AM, Jan 04, 2013
Chief Economic Advisor Dr Raghuram Rajan has said that forecasting growth around turning points in very difficult and conceded that there is a steady decline in growth, adding that steps need to be taken in that regard urgently. ...
10:20 PM, Dec 27, 2012
Scaling down growth rate for the 12th Five Year Plan to 8 per cent from 8.2 per cent earlier, Prime Minister Manmohan Singh on Thursday said that the country was facing many challenges to achieve sustainable growth. Singh insisted that the priority of his government right now is to reverse the slowdown. ...
11:17 AM, Dec 27, 2012
The Manmohan model has unleashed India's growth story and shown the world that the country can achieve over nine per cent growth rate, Finance Minister P Chidambaram said on Tuesday. ...
09:26 PM, Dec 18, 2012
The RBI kept interest rates on hold on Tuesday, ignoring government pressure to reduce borrowing costs, but said it was shifting its focus towards boosting a flagging economy, raising the odds of a rate cut as early as January. ...
07:46 PM, Dec 18, 2012
India will speed up the sale of stakes in state companies to revive the stock market and will push ahead with reforms aimed at spurring an investment recovery in the flagging economy, Prime Minister Manmohan Singh said on Saturday. Selling equity in large public industries is a central plank of the government's plan to bring down a wide fiscal deficit, a major weakness in Asia's third largest economy. ...
11:15 PM, Dec 15, 2012
Prime Minister Manmohan Singh on Saturday spoke up for reforms and the cash transfer scheme and hit out at the Opposition. Manmohan said that the government will beat the climate of pessimism with strong measures to push growth. ...
11:20 AM, Dec 15, 2012
