Index

  • March WPI inflation hits three-month high of 5.70 per cent 15-04-2014 12:52 PM

    New Delhi: India's wholesale prices-based inflation accelerated to a three-month high of 5.70 per cent in March, driven up by increases in food and fuel costs, government data showed on Tuesday. The rise in the wholesale price index (WPI)compared with a 5.30 per cent jump forecast by economists in a...
  • Indian journalist beats Edward Snowden to win 2014 Google Digital Activism Award 21-03-2014 07:56 AM

    New Delhi: Journalist Shubhranshu Choudhary is the winner of the 2014 Google Digital Activism Award. Choudhary conceptualised CGNet Swara (Voice of Chhattisgarh), a mobile-phone service that allows citizens to post and listen to local reports in their local language using basic mobile phones. Shubhranshu Choudhary is a Knight International Journalism...
  • India's industrial output up 0.1 per cent in January 12-03-2014 05:59 PM

    India's industrial output was higher by 0.1 per cent during January, as mining and electricity sectors performed marginally better, government data showed on Wednesday. Factory output measured in terms of the Index of Industrial Production (IIP) dropped by 0.6 percent in December, registering contraction for the third straight month. The...
  • December 2013 WPI inflation down to 6.16 pc vs 7.52 pc in November 15-01-2014 12:24 PM

    India's headline inflation eased to a five-month low of 6.16 percent in December from a 14-month high, helped by a softening in vegetable prices, government data showed on Wednesday. The wholesale price index's annual rise compared with a 7.0 percent jump forecast by economists in a Reuters poll. In November,...
  • Sensex rises 119 points to end at 21,193.58 27-12-2013 09:45 AM

    Mumbai: The market saw a strong performance with support by banks and IT stocks. The Sensex was up 118.99 points at 21193.58, and the Nifty ended at 6313.80 up 34.90 points. About 1374 shares have advanced, 1166 shares declined, and 147 shares are unchanged. BSE IT index jumped 2 percent...
  • Current a/c gap narrows; economy seen improving 02-12-2013 09:36 PM

    India's current account gap narrowed sharply in the September quarter, thanks to steps to curb gold imports, the latest in a run of positive signs for a sluggish economy. Earlier on Monday, the HSBC Manufacturing PMI index for November showed Indian manufacturing at its strongest since March. On Friday, data...
  • Rupee trims early gains, quotes at 63.07 vs dollar 14-11-2013 09:22 AM

    Mumbai: The rupee trimmed its early gains but was still higher by 23 paise to 63.07 against the dollar in late morning trade today on selling of the American currency by banks and exporters amid recovery in equity market. Persistent capital inflows from foreign funds into equity market also boosted...
  • Sensex snaps seven-day losing streak 14-11-2013 09:20 AM

    Mumnai: The BSE Sensex rose nearly 1 per cent on Thursday after seven sessions of losses, as rate-sensitive stocks including lenders surged on the RBI's announcement of open market operations, while easing fears of tapering by the US Fed also helped. The Sensex added 205.02 points or 1.02 percent to...
  • Sensex closes at lowest in over a month; inflation hurts 13-11-2013 10:40 AM

    Mumbai: The BSE Sensex fell for a seventh consecutive session on Wednesday to its lowest close in over one month after higher-than-expected retail inflation data raised fears of a third rate hike this year. Among rate-sensitive stocks HDFC Bank Ltd fell 1.9 per cent, while Hero MotoCorp Ltd ended 1.8...
  • Rupee closes at 63.30 versus US dollar, rebounds by 41 paise 13-11-2013 10:15 AM

    Mumbai: Rupee closed on Wednesday at 63.30 versus US dollar, rebounds by 41 paise or 0.64 per cent. Continuing its slide for the sixth straight day, the rupee on Wednesday lost 17 paise to trade at a fresh two-month low of 63.88 in early trade on strong dollar demand from...
  • Core infrastructure growth jumps to 8 per cent in September 31-10-2013 06:33 PM

    Eight core infrastructure sectors that include power, coal, steel and cement, posted an impressive 8 percent growth in September, government data showed on Thursday. Electricity generation that has 10.32 percent weight in the Index of Industrial Production (IIP) registered a growth of 12.6 percent during the month under review, data...
  • Wholesale, retail inflation up in September; rate cut hope fades 14-10-2013 08:45 PM

    Indicating worsening of the price situation, inflation - wholesale as well as retail - went up in September because of costlier food items, especially onion and vegetables, dimming the prospects of rate cut by RBI later this month to boost the sagging economy. While the Wholesale Price Index (WPI) based...
  • JD(U) hails Raghuram Rajan report, praises Nitish efforts 26-09-2013 05:53 PM

    Happy over the Raghuram Rajan panel report for bracketing Bihar among backward states and thereby boosting its chances of getting the special status, ruling JD(U), on Thursday, attributed the 'success' to Chief Minister Nitish Kumar who championed the cause. "It's due to the sustained efforts of CM Nitish Kumar that...
  • Sensex closes 49 points lower, IT stocks fall 13-09-2013 05:15 PM

    Mumbai:A benchmark index of Indian equities markets on Friday closed 49 points lower in a volatile trade ahead of the wholesale price index figures and US stimulus tapering next week. The 30-scrip S~~amp;amp;P Sensex of the Bombay Stock Exchange (BSE), which opened at 19,744.54 points, closed at 19,732.76 points, down...
  • RBI to issue inflation-indexed savings certificates 04-09-2013 08:45 PM

    The Reserve Bank of India will issue inflation-indexed savings certificates which will be linked to Consumer Price Index (CPI) by November 2013 as a means to protect households against inflation. Governnor Raghuram Rajan announced this on Wednesday, saying the need of the hour is to protect households from inflation. He...
  • Inflation impact: How much Rs 100 from 1939 will be worth now 29-08-2013 01:04 PM

    Most of us would have heard from the generations past what all they could buy for a only a rupee during their time. But with a list of inflation-altered products we couldn't always gauge their comparative worth in today's time.So we took the Wholesale Price Index based inflation figures for...
  • Inflation-adjusted 3 Idiots beats Sholay, Mughal-e-Azam, Chennai Express as Bollywood's biggest blockbuster ever 27-08-2013 06:56 PM

    One of the many ever-raging debates in Bollywood is about which is the biggest blockbuster ever? Recent reports say it is the Shah Rukh Khan starrer Chennai Express, but old-timers insist that they haven't seen anything that mesmerised the nation since K Asif's Mughal-e-Azam. Many like me, for so long...
  • Between the 'Illfare' State and the Deep Sea 27-08-2013 02:35 PM

    Bibek Debroy Profile: Bibek Debroy is Professor at the Centre for Policy Research, Delhi. He is an economist and has worked in universities, institutes, industry bodies and for the government. He has authored several books and articles, with an interest in trade, education, health, law and governance. Welfare state is...
  • May industrial production contracts by 1.6 per cent 12-07-2013 05:51 PM

    New Delhi: India's industrial production unexpectedly contracted 1.6 per cent in May from a year earlier, government data showed on Friday. Analysts polled by Reuters had expected output to grow 1.6 per cent annually. April's output growth was revised down to an annual 1.9 per cent from 2.3 per cent...
  • Rupee opens at 59.75 per dollar, down by 8 paise 12-07-2013 09:31 AM

    Mumbai: Rupee has opened at 59.75 per dollar on Friday, down by 8 paise compared to previous day's closing value of 59.67 per dollar. Pramit Brahmbhatt of Alpari said the rupee is likely to trade in positive zone on Federal Reserve's statements, a weak dollar and positive equity markets. According...
  • May inflation declines to 4.7 pc from 4.89 pc in April 14-06-2013 12:24 PM

    New Delhi: The WPI-based inflation fell to 4.7 per cent in May, driven mainly by declining prices of manufactured items, even as prices of food articles inched up. Inflation based on the Wholesale Price Index (WPI) stood at 4.89 per cent in April. In May, 2012, it was 7.55 per...
  • CPI inflation slows to 9.31 per cent in May 12-06-2013 11:59 AM

    New Delhi: Falling for the third straight month, retail inflation stood at 9.31 per cent in May due to easing of prices of edible oil and protein-based items, even as vegetable prices inched up sharply. The Consumer Price Index (CPI) based inflation stood at 9.39 per cent in April. It...
  • Australia named 'happiest' developed nation again 28-05-2013 05:40 PM

    London: Australia has been ranked as the world's happiest nation among developed economies for third year in a row, with a whopping 84 per cent of the country's population saying they are satisfied with their lives. The overall strength of its economy won Australia the top position in the Better...
  • Income limit of 'creamy layer' hiked to Rs 6 lakh per annum 16-05-2013 09:36 PM

    New Delhi: In a bid to widen the ambit of beneficiaries getting reservation under the OBC quota, the Central government on Thursday enhanced the ceiling for applying the 'creamy layer' restriction on "socially advanced persons". While the income criteria so far was Rs 4.5 lakh per annum, the Union Cabinet...
  • April inflation slows to 4.89 pc, lowest since Nov 2009 14-05-2013 12:21 PM

    New Delhi: The headline inflation dropped to its lowest since 2009 in the month of April at 4.89 per cent, a level seen comfortable for the RBI to persist with monetary easing to revive a flagging economy. April's reading is well below the 5.50 per cent estimated by analysts in...
  • CPI inflation slows to 9.39 per cent in April 13-05-2013 12:40 PM

    New Delhi: After better than expected industrial production numbers, which came at 2.5 per cent for the month of March, inflation has also hit a 13-month low. Consumer Price Index for the month of April is at 9.39 per cent against 10.39 per cent in March. Rural inflation was also...
  • Delhi most creative state in India: Report 06-05-2013 06:20 PM

    New Delhi: In terms of use of modern technology, talented people and tolerance, Delhi is the most creative state in the country, says a study. According to the Creative Index Report 2013, Chandigarh, Punjab, Kerala, Goa, Mizoram, Andaman and Nicobar Islands, Puducherry and Maharashtra round out the top nine. Haryana...
  • RBI likely to cut interest rates to prod sputtering economy 03-05-2013 08:37 AM

    Mumbai: The Reserve Bank of India (RBI) is expected to cut its policy interest rate by a quarter point on Friday for the third time this year as it looks to bolster an economy growing at a decade low and takes comfort from easing inflation. While investors are hoping to...
  • Retail inflation declines to 10.39 pc in March 12-04-2013 11:41 AM

    New Delhi: Retail inflation declined to 10.39 per cent in March, snapping the five month rising trend, as prices of vegetables and protein based items eased. The Consumer Price Index (CPI) based inflation was at 10.91 per cent in February. The inflation, however, continued to remain in the double digit...