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Recent Posts Tagged With 'indian economy news'
India's Inflation Up At 0.7%
India's annual rate of inflation rose marginally to 0.7% for the week ended April 25 from 0.57% the week before, official data showed on Friday.Among the three main commodity groups, the indices for manufactured products and primary articles rose 0.3...
See 20% credit growth for FY10: Indian Bank
Indian Bank's Q4 FY09 net profit came in at Rs 394.1crore as compared to Rs 241.7 crore in the same period last year. Net sales came in at Rs 667.5 crore as against Rs 513.2 crore last year.Commenting on the numbers, MS Sundara Rajan, CMD, Indian Ban...
India headed toward deflation: Goldman Sachs
The Indian economy is headed towards deflation, which could raise unemployment, even as its central bank, the Reserve Bank of India (RBI), was expected to cut the cash reserve ratio by some 150 basis points, says Goldman Sachs.The global consultancy ...
Inflation at ends 30-year low: @ 0.44%
Ashok DasguptaThe drop in price rise is good for the economy, says Montek NEW DELHI: For the first time in 30 years, the rate of inflation plummeted to its lowest level at 0.44 per cent for the week ended March 7 from 2.43 per cent in the previous we...
Inflation ends lowest since June 2002 at 2.43%
Inflation for the week-ended February 28 came in at 2.43% versus 3.03% week-on-week (WoW). This is the lowest inflation number since June 2002. In June 2002, inflation was reported at 2.18%; its lowest level is 1.13% for February 2, 2002.The wholesal...
Indian Stock Market falls as budget dashes stimulus hopes
MUMBAI: Indian equities ended with sharp losses Monday as traders unwinded long positions after the UPA government washed away expectations of a stimulus package in the form of interim budget. All the sectoral indices ended lower with metals, realty ...
Inflation down for week ended on Jan 24 at 5.07% vs 5.64%
Source : CNBC-TV18The downward curve for inflation resumed after a two-week halt. Inflation for the week-ended January 24 inflation has come in at 5.07% versus 5.64% week-on-week (WoW).Inflation has been declining except for the last two weeks when i...
Indian Inflation slides to 6.38% For Week Ended Dec 20
(RTTNews) - India's inflation eased further to 6.38% for the week ended Dec 20 compared to 6.61% in the previous week. The index was at 3.74% during the same period last year. Inflation data met analysts' expectations.Wholesale price growth is expe...
Rupee posts biggest fall since early '90s
By Swati BhatMUMBAI (Reuters) - The rupee on Wednesday posted its biggest yearly fall since a balance of payments crisis in the early 1990s as the global financial crisis triggered a surge in capital outflows, but is expected to gain early in 2009.A ...
Inflation at 6.61%
NEW DELHI: The rate of inflation slipped further to 6.61 per cent for the week ended December 13 from 6.84 per cent a week earlier owing to a fall in the prices of certain food articles and some manufactured goods on account of the cascading effect o...
Inflation at 6.84%
New Delhi (IANS): India's annual rate of inflation dropped further to 6.84 per cent for the week ended December 6 from 8 per cent the week before, government data showed on Thursday.The sharp drop was triggered largely by the drop in petrol and diese...
Indian Rupee Strong on Fed rate cut hope
The MCX-SX INR December futures opened stronger on dollar weakness and expectation of Fed rate cut. Asian markets were mixed in the morning and Indian stock markets opened slightly higher and moved in a range bound manner.The U.S. Federal Reserve is ...
Indian Rupee closes at record low of 50.29/$
The currency extended a three-week decline after India’s deadliest terrorist attacks in 15 years that lasted almost for four days.Rupee closed at a record low as a slide in equities fueled concern investors will increase sales of local shares. The ...
Indian economy grows by 7.6% in Q2, FM terms it satisfactory
New Delhi, (PTI) Services and construction sectors helped the Indian economy expand at 7.6 per cent in the second quarter of the current fiscal, prompting government to term the growth as "healthy and satisfactory" even though it was the lowest in an...
Indian Inflation at 10.72% for the week ended October 25, 2008
The wholesale price index (WPI) Inflation increased marginally to 10.72% for the week ended Oct. 25, 2008, as compared to 10.68% in the week before.The annual rate of inflation stood at 3.11% as on Oct. 27, 2007 i.e. a year ago. Index for Primary Art...
Global crisis can't stop India: Prime Minister, Manmohan Singh
Tokyo: India will achieve a GDP growth rate of 7.5 to 8 per cent this year despite the current global economic turmoil, which has only partially affected the country, the Prime Minister, Manmohan Singh, has said."India is relatively less affected" by...
Indian Rupee Closes at Record Low as Global Funds Sell Stocks
By Anoop AgrawalOct. 22 (Bloomberg) -- India's rupee fell to an all-time low against the dollar as a decline in stocks prompted investors to sell the nation's assets.The currency dropped for a sixth day after the Dow Jones Industrial Average slid 2.5...
Indian falls on global worries near to 47 mark
The Indian rupee breached towards the 47-mark a US dollar on Monday, September 29 on account of heavy dollar demand from oil refiners and importers to meet month-end import commitments.The partially convertible rupee stood at Rs 46.90/91 against the ...
Inflation falls to 12.1%
Inflation fell for the third week in succession to close at 12.1 per cent as on August 30 from 12.34 per cent recorded a week earlier.While food articles rose 0.2 per cent, primary articles were up by 0.3 per cent and non-food articles also by 0.3 p...
Rupee ends at 45.11 versus US Dollar
Press Trust of IndiaThe Indian rupee on Wednesday breached the crucial 45 level for the first time in 22 months to close at 45.11/12, cheaper by 28 paise, against greenback on sustained demand for dollar from banks and oil refiners amid the US curren...
Indian stock market has likely hit bottom
Levi Folk, Financial Post India's stock market appears attractively priced and represents a long term buying opportunity according to research I conducted recently for Excel Funds Management Inc.Looking at economic fundamentals and valuations leads m...
RBI targets inflation at 7% by end of 2009
MUMBAI: The RBI in its First Quarter Review of Annual Statement on Monetary Policy for FY09 has said, taking into account aggregate demand management and supply prospects, the projection of real GDP growth of the economy in FY09 in the range of 8.0% ...
EPFO should invest in market instruments for better returns: FM
New Delhi: Finance Minister P Chidambaram has sought to suggest that the Employees' Provident Fund Organisation (EPFO) may invest funds in high yielding instruments in order to provide better returns to its over four crore subscribers.When asked whet...
Inflation at 11.89%
Source : Power Breakfast/CNBC-TV18Inflation for week ended June 28 is at 11.89 percent versus 11.63 percent. A CNBC-TV18 inflation poll conducted earlier, saw inflation for week the ended June 28 at 11.69 percent. The 10 year-bond yield benchmark has...
Inflation at 11.63%
Inflation for the week ended June 21 is at 11.63% versus 11.42%. A CNBC-TV18 poll had seen inflation for the week ended June 21 at 11.44%. Finance Minister P Chidambaram said the main drivers will continue to be petroleum, iron and steel products, ...
India's inflation at 14-year high of 11.42%
New Delhi: India's annual rate of inflation shot up to a 14-year high of 11.42 percent for the week ended June 14 - against the 11.05 percent the week before - due to higher prices of primary articles.The index for primary articles moved up by 0.2 pe...
Sensex down 620 points down; close below 14000, inflation worries
BS Reporter / Mumbai: Following negative cues from the overseas markets, the Sensex opened with a huge negative gap of 294 points at 14,128. Persistent selling, thereafter, saw the index exhbit negative trend through the day. Any hopes of recovery...
