Search Results for: economic recession

bse-closes-points-57-88-up-on-october-8

BSE closes points 57.88 up on October 8

New Delhi, October 8 (ANI): Trading at the Bombay Stock Exchange today closed 57.88 points up to stand at 19952.98. At the National Stock Exchange the Nifty closed 11.80 points up to stand at 5,917.95.McLeod Russel and Torrent Power were among the top gainers of Group A with an increase of 6.43% and 5.71% along with Idea Cellular and Wockhardt with an increase of 5.22% and 5.00% respectively, while the top losers of Group A include Jet Air India and Godrej Consumer Products Ltd. with a decrease of 4.32% and 3.77% along with Shree Cement and TV18 Broadcast with a decrease of 3.67% and 3.35% at the close of the markets. The Auto sector is up 6.04 points at 11,450.71 while the banking sector is up 52.53 points at 11,528.32 and the realty sector is up 16.73 points at 1,258.74. The Indian currency is down 0.11% at Rs 61.86 per dollar. Oct 8, 2013
pranab-mukherjee-admits-to-slowdown-in-indias-economy

Pranab Mukherjee admits to slowdown in India's economy

Istanbul, Oct 7 (ANI): Indian President, Pranab Mukherjee, admitted to a slowdown in the country's economy, but claimed that the government is taking all corrective measures to revive growth. Mukherjee was addressing a gathering on Non Resident Indians (NRI) in Istanbul where he was on a visit on the invitation of the President of Turkey, Abdullah Gul. The Indian President elaborated on the economic situation of India and said that the country had experienced a slump but the government is taking all corrective measures. Oct 7, 2013
kerry-subs-for-obama-at-apec-summit-in-bali

Kerry subs for Obama at APEC Summit in Bali

The US federal shutdown has stopped President Barack Obama from attending the two-day Asia-Pacific Economic Cooperation (APEC) summit on the Indonesian island of Bali, and another summit this week of East Asian leaders in Brunei. Duration: 01:00 Oct 7, 2013
indian-fabric-sales-to-double-in-next-three-years-says-exports-council

Indian fabric sales to double in next three years says Exports Council

Coimbatore, Oct 05 (ANI): Indian fabrics sales to double in the next three years as the Bangladesh fabric industry was hit after a fire broke out in an apparel industrial complex killing 377 knitwear workers earlier in April this year. The Indian government is also taking all effective steps to make sure there is a surge in the textile exports by implementing different schemes and benefits for the workers working in the garment industry. The reasons for buyers to get attracted towards India are raw material strength and due to the rupee depreciation India has now been identified as a new market by both Japan and Australia. Oct 5, 2013
international-commercial-vehicle-fair-commences-in-chennai

International Commercial Vehicle Fair commences in Chennai

Chennai, Oct 05 (ANI): A three-day International Commercial Vehicle Fair commenced in Chennai in order to create an ideal platform for the vehicle industry to experience and discover the new technologies and share the products that have been produced for the development of the economic sector of the country. Experts in Chennai blamed the unstable economy for the breakdown of Auto Industry, which is currently facing a reverse gear due to slow down. J Shanmugavel, Project Director referred the transport industry to be the mirror of the failing economy. The fair is conducted in India exclusively for the commercial vehicle segment and is supported by seven major associations witnessing a participation of more than four thousand professionals. Oct 5, 2013
kolkata-hosts-week-long-seven-sisters-weave-fair

Kolkata hosts week long Seven Sisters Weave Fair

Kolkata, Oct 05 (ANI): The week-long handicraft fair was held in Kolkata and it attracted participants from the northeastern states. Soni, an exhibitor from Nagaland, showcased a variety of products like bags, cushion covers, fabrics and Naga shawls. She was thrilled by the response of the people. Oct 5, 2013
chidambaram-on-economic-situation

Chidambaram on economic situation

Bangalore, Oct 05 (ANI): Speaking of his confidence in knowledge of numbers, Union Finance Minister, P Chidambaram on Saturday said that exports have picked up this year. Oct 5, 2013
bse-closes-points-22-25-up-on-october-4

BSE closes points 22.25 up on October 4

New Delhi, October 4 (ANI): Trading at the Bombay Stock Exchange today closed 22.25 points up to stand at 19924.32. At the National Stock Exchange the Nifty closed 2.40 points down to stand at 5,907.30. Sobha Developers Ltd and Prestige Estates were among the top gainers of Group A with an increase of 8.60% and 6.09% along with Motherson Sumi Systems and Muthoot Finance with an increase of 5.96% and 4.95% respectively, while the top losers of Group A include Wockhardt and Dish TV India with a decrease of 4.99% and 3.01% along with Reliance Communications Ltd and Dr Reddys Lab with a decrease of 2.84% and 2.81% at the close of the markets. The Auto sector is up 117.42 points at 11,476.98 while the banking sector is down 21.83 points at 11,618.68 and the realty sector is up 22.87 points at 1,248.61. The Indian currency is up 0.48% at Rs 61.44 per dollar. Oct 4, 2013
india-belgium-agree-to-deepen-economic-ties-in-critical-areas

India, Belgium agree to deepen economic ties in critical areas

Brussels, Oct 04 (ANI): President Pranab Mukherjee, met Belgium Prime Minister, Elio Di Rupo, in Brussels on Friday during his six-day visit to Europe, and signed an agreement to deepen economic ties in critical areas of infrastructure, nuclear energy, Information Technology and higher education. Mukherjee arrived in Brussels with an aim to enhance educational and cultural exchange between the two countries. In a rare gesture, King Philippe of Belgium received Mukherjee at the airport on Wednesday, when he began his first leg of the tour from Belgium. This is significant at a time when India is trying to attract more investments in infrastructure to deal with its weak external sector situation. Oct 4, 2013
merkels-defeated-foes-to-continue-coalition-talks

Merkel's defeated foes to continue coalition talks

German Chancellor Angela Merkel's conservatives and her defeated centre-left election rivals on Friday agreed to push on with courtship talks that could lead to a "grand coalition" governing Europe's economic powerhouse. Duration: 0:57 Oct 4, 2013
bse-closes-points-381-14-up-on-october-3

BSE closes points 381.14 up on October 3

New Delhi, October 3 (ANI): Trading at the Bombay Stock Exchange today closed 381.14 points up to stand at 19898.29. At the National Stock Exchange the Nifty closed 128.40 points up to stand at 5,980.45Financial Technologies and ING Vysya Bank were among the top gainers of Group A with an increase of 11.09% and 7.35% along with Sesa Goa and SAIL with an increase of 7.10% and 7.09% respectively, while the top losers of Group A include Wockhardt and Bosch with a decrease of 5.00% and 2.16% along with Hindustan Unilever and Amara Raja with a decrease of 1.91% and 1.89% at the close of the markets. The Auto sector is up 294.97 points at 11,390.78 while the banking sector is up 380.58 points at 11,637.63 and the realty sector is up 22.52 points at 1,224.82.The Indian currency is up 0.96% at Rs 61.86 per dollar. Oct 3, 2013
venezuelans-ponder-economic-situation-under-maduro

Venezuelans ponder economic situation under Maduro

Food shortages, rising living costs and corruption are affecting some Venezuelans’ support of President Nicolas Maduro, almost six months after he took over from the late Hugo Chavez. Duration: 0:57 Oct 3, 2013
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