Search Results for: economic recession

rbi-hikes-repo-rate-by-0-25-to-7-5-part-1

RBI hikes repo rate by 0.25% to 7.5% Part - 1

Mumbai, Sep 20 (ANI): Reserve Bank governor Raghuram Rajan on Friday hiked the key repo rate by 0.25 per cent hereby increasing it to 7.5% from 7.25% with immediate effect. Sep 20, 2013
india-reckons-revived-reforms-for-failing-economy

India reckons revived reforms for failing economy

New Delhi, Sep 20 (ANI): The tapering trends in Indian economy urgently demands deepening of economic reforms so as to stabilise the dwindling economy of the country. India___s Finance Secretary Arvind Mayaram stated this while interacting with the mediapersons in New Delhi. Earlier on Wednesday (September 18) the US Federal Reserve announced that it will continue with its monthly $85 billion bond buying programme and wait for more evidence of growth recovery. He also assured that the Indian government is working for the growth recovery and normalisation of the Indian currency. Sep 20, 2013
leather-exporters-reap-huge-profits-quote-competitive-prices-to-international-buyers

Leather exporters reap huge profits; quote competitive prices to international buyers

Kanpur, Sep 19 (ANI): Leather exporters in Kanpur earned huge profits in selling their products to European countries as fluctuating Indian Rupee helped them to reap huge profit, while they quoted competitive prices to international buyers. The exporters are working hard to complete their orders from various European nations who are their regular buyers. Factory owners are ensuring that they work around the clock to complete the orders on time and are leaving no stone unturned to strike deals with international buyers. Sep 19, 2013
bse-closes-points-663-39-up-on-september-19

BSE closes points 663.39 up on September 19

New Delhi, September 19 (ANI): Trading at the Bombay Stock Exchange today closed 663.39 points up to stand at 20625.55. At the National Stock Exchange the Nifty closed 208.40 points up to stand at 6107.85. YES Bank Ltd. and Indian Bank were among the top gainers of Group A with an increase of 23.24% and 12.82% along with Reliance Communications Ltd. and Union Bank with an increase of 12.04% and 11.21% respectively, while the top losers of Group A include Gitanjali Gems and Wipro with a decrease of 4.68% and 2.14% along with Mphasis and Shriram City University with a decrease of 2.02% and 1.98% at the close of the markets. The Auto sector is up 310.69 points at 11,377.94 while the banking sector is up 809.27 points at 12,701.31 and the realty sector is up 69.53 points at 1,376.72. The Indian currency is up 2.38% at Rs 61.87 per dollar. Sep 19, 2013
adequate-power-supply-essential-for-speedy-economic-growth-pm

Adequate power supply essential for speedy economic growth: PM

Bilaspur, Sept 19 (ANI): Prime Minister, Manmohan Singh has said that it was important to have adequate power supply as it would help in speedy economic growth and development of the country. Singh on Thursday dedicated the state-run National Thermal Power Corporation___s (NTPC) Sipat thermal power project in Chhattisgarh to the nation. The 2,980 MW coal-based Sipat thermal power plant has three units of 660 MW and two units of 500 MW, which are already operational. As part of NTPC's Western Region II, NTPC Sipat will ensure power supply to the Chhattisgarh, Madhya Pradesh, Maharashtra, Gujarat, Goa and Daman and Diu as well as Dadra and Nagar Haveli. Singh said that the economic sectors could not be strengthened without adequate power supply. Sep 19, 2013
sensex-surges-over-600-points-to-2013-high-on-us-fed-reserves-move

Sensex surges over 600 points to 2013 high on US Fed Reserve's move

New Delhi, Sep 19 (ANI): The Sensex of the Bombay Stock Exchange surged over 600 points after a stop-gap-up start and hit fresh high of 2013, as the U.S. Federal Reserve took a decision to continue with the stimulus programme to boost economic sentiment. All the sectoral indices were in the green with banks, with realty and auto stocks leading the rally on hopes of dovish stance by the Reserve Bank of India Governor Raghuram Rajan at its policy review meet. At 9:35 a.m.; the 30-share index was at 20,509.93, up 547.77 points or 2.74 per cent. It touched a high of 20,567.61 and a low of 20,347.30 in early trade. Sep 19, 2013
bse-closes-points-197-81-up-on-september-18

BSE closes points 197.81 up on September 18

New Delhi, September 18 (ANI): Trading at the Bombay Stock Exchange today closed 197.81 points up to stand at 20001.84. At the National Stock Exchange the Nifty closed 49.25 points up to stand at 5899.45. Financial Technologies and YES Bank Ltd. were among the top gainers of Group A with an increase of 6.97% and 5.80% along with Emami Ltd. and Wockhardt Ltd. with an increase of 5.01% and 5.00% respectively, while the top losers of Group A include MCX and Muthoot Finance with a decrease of 7.57% and 6.85% along with BHEL and Jet Air India with a decrease of 4.43% and 2.92% at the close of the markets. The Auto sector is up 17.01 points at 11,077.80 while the banking sector is up 210.72 points at 11,920.11 and the realty sector is up 29.71 points at 1,310.92. The Indian currency is up 0.36% at Rs 63.14 per dollar. Sep 18, 2013
bse-closes-points-66-19-up-on-september-17

BSE closes points 66.19 up on September 17

New Delhi, Sep 17 (ANI): Trading at the Bombay Stock Exchange today closed 66.19 points up to stand at 19808.66. At the National Stock Exchange the Nifty closed 9.65 points up to stand at 5,850.20. Sep 17, 2013
cuban-bishops-make-big-appeal-for-change

Cuban bishops make big appeal for change

Father Jose Feliz Perez, executive Secretary of the Bishops' Conference of Cuba, talks with journalists a day after Cuban bishops appealed to the government for political reform and continued economic change in their most direct plea in decades. Duration: 01:05 Sep 17, 2013
rbi-needs-to-monitor-inflation-behavior-c-rangarajan

RBI needs to Monitor Inflation Behavior: C Rangarajan

New Delhi, Sep 16 (ANI): Chairman of India's economic advisory council to Prime Minister, C. Rangarajan, said on Monday that the Reserve Bank of India, would take into account behaviour of inflation, which shot to a six-month high in August, Sep 16, 2013
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