Search Results for: economic recession

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Police arrest Maoist leader, recover arms in Jharkhand

Palamu, Nov 20 (ANI): The Jharkhand police have arrested Maoist leader Nirmal Bhuyan alias Mahesh, who was on the wanted list for his involvement in a number of crimes and recovered arms in Palamu district of Jharkhand. The police said they have also seized a gun and some bullets from the arrested rebel. Maoist rebels in India are rapidly expanding their insurgency and could move from remote rural areas to cities. Equipped with automatic weapons and explosives, the Maoists want to cripple economic activity. Nov 20, 2013
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BSE closes points 27.08 up on November 19

New Delhi, November 19 (ANI): Trading at the Bombay Stock Exchange today closed 27.08 points up to stand at 20877.82. At the National Stock Exchange the Nifty closed 14.35 points up to stand at 6,203.35. Jaypee Infratech Ltd. and MMTC were among the top gainers of Group A with an increase of 8.88% and 6.70% along with Apollo Tyres and Jubilant Food works Ltd. with an increase of 6.69% and 5.47% respectively, while the top losers of Group A include MCX and Adani Enterprises Ltd with a decrease of 4.08% and 2.90% along with Torrent Power Ltd. and Pipavav Defence with a decrease of 2.88% and 2.37% at the close of the markets. The Auto sector is up 11.66 points at 12,234.41, while the banking sector is up 44.06, points at 12,758.8 and the realty sector is up 20.14 points at 1,356.11.The Indian currency is up 0.56% at Rs 62.06 per dollar. Nov 19, 2013
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Chhattisgarh polls: Raman Singh confident of victory

Raipur, Nov 19 (ANI): The second phase of the assembly polls in Chhattisgarh, covering 72 constituencies, across 19 districts, began on Tuesday. Speaking on the election results, Chief Minister Raman Singh said that the people are determined to give one more chance to his party the BJP in a bid to accelerate the speed of economic development. The second phase of polling recorded a good turnout. Singh also added that women and youth are coming forward to vote in great numbers. Nov 19, 2013
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Australian Foreign Minister confident of conclusive talks with India over civil nuclear cooperation

New Delhi, Nov 19 (ANI): Australian Foreign Minister, Julie Bishop said that she is confident of positive outcomes of the upcoming third round of negotiations over the civil nuclear cooperation with India. Addressing a joint news conference with her Indian counterpart, Salman Khurshid, Bishop said that there is no delay in negotiations. She added that Australia supports India's membership of the nuclear suppliers group, keeping in view the latter's record of non-proliferation. Meanwhile, focusing on the economic relations of both countries, Khurshid said that he hoped for more Indian companies to invest in Australia. Nov 19, 2013
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Modi attacks UPA over falling economy, says money is in ICU

Bangalore, Nov 17 (ANI): Assailing the Congress government, BJP’s Prime Ministerial candidate Narendra Modi said that the nation’s economic condition is in shambles. Modi said that the value of money is decreasing and it looks as if the money is in ICU. Nov 17, 2013
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Canadian lawmakers pin hope on fair elections in Bangladesh

Dhaka, Nov 15 (ANI): Canadian lawmakers are hopeful of free and fair elections in Bangladesh, as tensions mounted due to clash of ideologies between the feuding parties, the Awami League and the BNP that are locked in decades of mutual distrust. Expressing concern over political uncertainty in Bangladesh, a Canadian lawmaker, Russel "Russ" Hiebert said that every nation should seek to strive for peaceful elections. Focussing on political stability, Hiebert also said that there could be a significant economic growth if the situation of the political front stabilises. Nov 15, 2013
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BSE closes points 199.04 up on November 14

New Delhi, November 14 (ANI): Trading at the Bombay Stock Exchange today closed 199.04 points up to stand at 20393.44. At the National Stock Exchange the Nifty closed 66.55 points up to stand at 6,056.15. Suzlon Energy and Adani Enterprises Ltd were among the top gainers of Group A with an increase of 9.98% and 7.63% along with Max India and Prestige Estates with an increase of 7.10% and 6.90% respectively, while the top losers of Group A include Coal India and Ashok Leyland with a decrease of 3.70% and 2.24% along with Cipla and Thermax with a decrease of 2.07% and 1.91% at the close of the markets. The Auto sector is up 344.64 points at 12,081.58, while the banking sector is up 325.65, points at 12,332.63 and the realty sector is up 28.67 points at 1,304.20. The Indian currency is up 0.07% at Rs 63.26 per dollar. Nov 14, 2013
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Modi's leadership will boost global economic growth: BJP

New Delhi, Nov 14 (ANI): Reacting over British Prime Minister David Cameron's statement on Gujarat Chief minister and BJP's prime ministerial candidate Narendra Modi, party vice president Mukhtar Abbas Naqvi on Thursday said that people are now accepting that Modi's leadership will not only be good for India's economic growth but the world's economy too. Cameron, who is on a one-day trip to India, reiterated his previous stand that Britain favours closer engagement with Gujarat and its Chief Minister Narendra Modi to realize the country's wide-ranging objectives in the State. The British PM further added that United Kingdom has started some relations with Gujarat. And both share a good bond. Nov 14, 2013
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RBI Chief relies on dipping trade gap to comfort market worries

Mumbai, Nov 14 (ANI): Reserve Bank of India (RBI) governor, Raghuram Rajan, highlighted the narrowing current account deficit as he sought to reassure investors who are worried that the country would be hit hard in a global market sell-off. Rajan said that it was important for Reserve Bank of India (RBI) to clarify the interpretation of economic events and the likely direction of economic policies at times of uncertainty so that markets worry about right things. Seeking to comfort the investors, Rajan said that there has been a dramatic reduction in the country's trade gap as per the fresh datas. Rajan also sought to reassure investors worried about the rupee's stability after the RBI has allowed oil companies to source dollars directly in markets instead of a special window provided by the central bank. Nov 14, 2013
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One year in, China's Xi amasses control

China's Xi Jinping took over as Communist chief one year ago to calls for economic reform and faint hopes of greater political tolerance -- but has focused instead on consolidating power and stifling dissent. Duration: 02:34 Nov 14, 2013
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Designer Paul Smith presents his work of past 40 years

Designer Paul Smith criticised the British government for failing to translate the "goldmine of talent" among fashion students into economic success as he opened an exhibition in London of his work from the past four decades. Duration: 01:02 Nov 14, 2013
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BSE closes points 223.51 down on November 12

New Delhi, Nov 12 (ANI): Trading at the Bombay Stock Exchange today closed 223.51 points down to stand at 20267.45. At the National Stock Exchange the Nifty closed 66.35 points down to stand at 6,012.45. Torrent Power and Bata India were among the top gainers of Group A with an increase of 5.60% and 4.31% along with National Aluminium Company Ltd. and Divis Lab with an increase of 4.08% and 3.74% respectively, while the top losers of Group A include MCX and Corporation Bank with a decrease of 10.03% and 8.88% along with Financial Technologies and Reliance Communications Ltd. with a decrease of 6.23% and 5.80% at the close of the markets. The Auto sector is down 168.62 points at 11,705.74, while the banking sector is down 224.91 points at 12,056.51 and the realty sector is down 15.62 points at 1,290.24. The Indian currency is down 0.85% at Rs 63.78 per dollar. Nov 12, 2013
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