Search Results for: economic recession

bse-closes-points-140-41-down-on-jan-30

BSE closes points 140.41 down on Jan 30

New Delhi, Jan 30 (ANI): Trading at the Bombay Stock Exchange today closed 140.41 points down to stand at 20506.89. At the National Stock Exchange the Nifty closed 46.55 points down to stand at6073.70. Crompton Greaves and Oberoi Realty were among the top gainers of Group A with an increase of 9.48% and 6.66% along with Titan Company and IRB Infra with an increase of 3.94% and 3.73% respectively, while the top losers of Group A include Bank of India and United Spirits with a decrease of 10.06% and 7.19% along with HDIL and Godrej Industries Ltd with a decrease of 6.56% and 6.32% at the close of the markets. The Auto sector is up 47.02 points at 11,634.98 while the banking sector is down 309.01 points at 11,628.03 and the realty sector is down 26.70 points at 1,197.33. The Indian currency is down 0.57% at Rs 62.77 per dollar. Jan 30, 2014
muslim-community-can-benefit-from-waqf-properties-manmohan-singh

Muslim community can benefit from Waqf properties: Manmohan Singh

New Delhi, Jan 29(ANI): Launching the National Waqf Development Corporation Limited, Prime Minister Manmohan Singh on Wednesday said the properties under the Waqf board can be used for the socio-economic development and benefit of the Muslim community. Dr. Singh said NAWADCO is just one of the several far reaching initiatives that the Ministry of Minority Affairs has taken ever since its inception in the year 2006. Dr. Singh also said NAWADCO adds to the efforts of the government and expressed hope that the Corporation will make full use of the enabling environment for the development of waqf properties. Jan 29, 2014
bse-closes-points-36-21-down-on-jan-29

BSE closes points 36.21 down on Jan 29

New Delhi, Jan 29 (ANI): Trading at the Bombay Stock Exchange today closed 36.21 points down to stand at 20647.30. At the National Stock Exchange the Nifty closed 6.00 points down to stand at6120.25. Maruti Suzuki and Adani Enterprises Ltd were among the top gainers of Group A with an increase of 7.11% and 6.09% along with HPCL and Indian Oil Corporation with an increase of 5.61% and 5.35% respectively, while the top losers of Group A include Indian Overseas Bank and Sobha Developers Ltd with a decrease of 5.83% and 5.34% along with Pipavav Defence and Financial Technology with a decrease of 4.97% and 4.19% at the close of the markets. The Auto sector is up 13.96 points at 11,587.96 while the banking sector is down 72.06 points at 11,948.42 and the realty sector is down 4.87 points at 1,226.36. The Indian currency is up 0.25% at Rs 62.36 per dollar. Jan 29, 2014
state-of-the-union-obama-challenges-congress-on-inequality

State of the Union: Obama challenges Congress on inequality

President Barack Obama vows to reverse a tide of economic inequality threatening the American dream, seeking to outflank Republicans and revive a second term blighted by self-inflicted wounds and partisan warfare. Duration: 01:37 Jan 29, 2014
indian-banks-to-wait-before-hiking-loan-rates-post-rbis-tightening

Indian banks to wait before hiking loan rates post RBIs tightening

Mumbai, Jan 29 (ANI): Top Indian bankers said that they would wait to observe inflation and market trends further, before increasing the interest rates of loans to citizens for balancing funds due to the sudden hike in repo rate by the RBI. Reserve Bank of India (RBI), surprisingly raised interest rates for lending money to commercial banks on Tuesday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling emerging economies. The RBI, however, said that if retail inflation eases as projected, it does not foresee further near-term monetary policy tightening. The hike in repo rate could have a direct impact on the lending rates of funds borrowed by the citizens from the commercial banks. Meanwhile, chief of Indian Banks’ Association, K.R. Kamath, said that banks would have to take a final call on the interest rates only after considering the burden on customers due to inflation. Jan 29, 2014
bse-closes-points-23-94-down-on-jan-28

BSE closes points 23.94 down on Jan 28

New Delhi, Jan 28 (ANI): Trading at the Bombay Stock Exchange today closed 23.94 points down to stand at 20683.51. At the National Stock Exchange the Nifty closed 9.60 points down to stand at6126.25. HDIL and Apollo Tyres were among the top gainers of Group A with an increase of 6.09% and 6.07% along with Future Retail and IPCA Lab with an increase of 4.26% and 3.89% respectively, while the top losers of Group A include Maruti Suzuki and IRB Infra with a decrease of 8.12% and 5.19% along with Suzlon Energy and Pipavav Defence with a decrease of 4.59% and 4.43% at the close of the markets. The Auto sector is up 18.64 points at 11,574.00 while the banking sector is down 36.58 points at 12,020.48 and the realty sector is up 13.17 points at 1,231.23. The Indian currency is up 0.67% at Rs 62.68 per dollar. Jan 28, 2014
aap-should-also-focus-on-national-issues-apart-from-corruption-mohd-adeeb

AAP should also focus on national issues apart from corruption: Mohd. Adeeb

New Delhi, Jan 28 (ANI): Rajya Sabha Member of Parliament (MP), Mohammed Adeeb on Tuesday said that Delhi Chief Minister Arvind Kejriwal should focus more on national issues like foreign policy, and economic growth apart from corruption before contesting for the upcoming general elections. Jan 28, 2014
upheaval-in-ukraine-sparks-currency-collapse-fears

Upheaval in Ukraine sparks currency collapse fears

Ukraine's crisis is threatening a desperately needed economic recovery and raising fears of a currency collapse, analysts say as parliament holds a special session aimed at ending the standoff. Duration: 00:48 Jan 28, 2014
megaport-mariel-inaugurated-amidst-cuban-commerce-push

Megaport Mariel inaugurated amidst Cuban commerce push

Cuba inaugurated its new Mariel "megaport" Monday, in hopes the project will symbolize a more open stance towards commerce and become a regional hub for shipments despite a lack of investment and the US economic embargo. Duration: 00:49 Jan 28, 2014
pakistans-tiger-economy-potential-kerry

Pakistan's 'tiger economy' potential, Kerry

US Secretary of State John Kerry on Monday tells Pakistan it has the potential to become a future economic tiger as he backs reforms and inclusion of women and minorities. Duration: 00:46 Jan 28, 2014
argentine-peso-collapse-will-not-affect-rupee-economic-affairs-secretary

Argentine Peso collapse will not affect rupee: Economic Affairs Secretary

New Delhi, Jan 27 (ANI): India's economic affairs secretary, Arvind Mayaram, said on Monday in New Delhi that the falling value of the Argentine Peso was not casting any influence over the Indian rupee's movement, pertaining to strong economic fundamentals of the country. While talking to media persons in New Delhi, Mayaram said that the rupee has been the best since October, as far as emerging markets are concerned and that they were not overtly concerned about the currency. Jan 27, 2014
spains-unemployed-struggle-daily-to-make-ends-meet

Spain's unemployed struggle daily to make ends meet

After five years of stop-start recession sparked by a 2008 property crash, Spain began to show economic growth in the third quarter of 2013 but activity has been too meagre to deliver a significant number of new jobs. Duration: 00:50 Jan 24, 2014
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