Search Results for: economic recession

modi-seeks-people-s-blessings-to-end-economic-crisis-other-parties-refrain-from-attacking

Modi seeks people___s blessings to end economic crisis, other parties refrain from attacking

New Delhi, Sep 14 (ANI): BJP___s Narendra Modi has sought people___s good wishes to end economic crisis in the county. Modi said this after he was selected as BJP___s prime ministerial candidate on Friday. Meanwhile, the Congress said Modi___s selection was internal matter of the BJP and they are not bothered by their decisions. On its part, the Communist Party of India-Marxist (CPM) obliquely said BJP wanted to rake up hardcore communal agenda to gain political mileage in the coming elections. Meanwhile, the JD (U), a strong former partner of the BJP in the NDA contended that secularism was soul of the country and Modi___s elevation should not mean communal politics. Sep 14, 2013
rangarajan-cuts-fy14-gdp-growth-estimate-to-5-3-percent

Rangarajan cuts FY14 GDP growth estimate to 5.3 percent

New Delhi, Sep 13 (ANI): India's economy is expected to grow 5.3 percent this fiscal year, sharply lower than an earlier estimate of 6.4 percent but higher than last year, the prime minister's economic advisory panel said on Friday. The revised forecast is roughly in line with projections of the RBI and many private economists, who expect Asia's third-largest economy to grow at around 5 percent, the same level as in 2012-2013. A pick-up in automobile production and exports in August indicated that the manufacturing sector would do better in the second half than the first, said C. Rangarajan, the chairman of the Prime Minister's Economic Advisory Council. The advisory council also said that containing the fiscal deficit within the budgeted target of 4.8 percent of gross domestic product could be a challenge. Sep 13, 2013
bse-closes-points-49-12-down-on-september-13

BSE closes points 49.12 down on September 13

New Delhi, September 13 (ANI): Trading at the Bombay Stock Exchange today closed 49.12 points down to stand at 19,732.76. At the National Stock Exchange the Nifty closed 0.10 points down to stand at 5,850.60. JPPOWER and NHPC were among the top gainers of Group A with an increase of 8.03% and 6.50% along with Gujarat Mineral Development Corporation Ltd. and Oriental Bank with an increase of 6.37% and 6.10% respectively, while the top losers of Group A include Financial Technologies (India) Ltd. and Shriram City Union Finance Ltd. with a decrease of 8.37% and 3.80% along with Pipavav Defence and Wipro with a decrease 3.62% and 3.61% at the close of the markets. The Auto sector is up 92.38 points at 10,942.01 while the banking sector is up 14.91 points at 11,589.03 and the realty sector is up 34.97 points at 1,318.32. The Indian currency is down 0.34% at Rs 63.72 per dollar. Sep 13, 2013
bse-closes-points-211-82-down-on-september-12

BSE closes points 211.82 down on September 12

New Delhi, September 12 (ANI): Trading at the Bombay Stock Exchange today closed 211.82 points down to stand at 19,785.63. At the National Stock Exchange the Nifty closed 62.45 points down to stand at 5,850.70. Financial Technologies (India) Ltd. and TV 18 Broadcast were among the top gainers of Group A with an increase of 18.03% and 15.38% along with Tata Communications Ltd. and MCX with an increase of 6.07% and 4.99% respectively, while the top losers of Group A include Jaiprakash Associates Ltd. and Siemens with a decrease of 11.87% and 8.22% along with Yes Bank and Jaypee Infratech Ltd with a decrease 7.43% and 6.39% at the close of the markets. The Auto sector is down 210.10 points at 10,848.24 while the banking sector is down 213.40 points at 11,579.48 and the realty sector is up 3.96 points at 1,280.39. The Indian currency is down 0.48% at Rs 63.69 per dollar. Sep 12, 2013
bse-closes-points-707-56-up-on-september-10

BSE closes points 707.56 up on September 10

New Delhi, September 10 (ANI): Trading at the Bombay Stock Exchange today closed 707.56 points up to stand at 19,977.62. At the National Stock Exchange the Nifty closed 216.35 points up to stand at 5,896.75. Wockhardt and ABB LTD were among the top gainers of Group A with an increase of 20.00% and 16.17% along with JPPOWER and Glaxosmithkline Consumer Healthcare Ltd. with an increase of 11.94% and 10.20% respectively, while the top losers of Group A include Indian Oil Corporation Ltd. and MCX with a decrease of 3.97% and 2.81% along with NMDC and IPCA Lab with a decrease 1.88% and 1.87% at the close of the markets. The Auto sector is up 643.31 points at 11,059.63 while the banking sector is up 197.19 points at 11,530.63 and the realty sector is up 28.91 points at 1,240.09. The Indian currency is up 1.38% at Rs 64.34 per dollar. Sep 10, 2013
World Crude Oil

Oil Prices to Rocket Even Without Syria Crisis?

Indian oil minister Veerappa Moily is expected to announce fresh measures to control fuel consumption in India on 16 Septemeber, amid concerns of a US-armed military intervention in Syria. Sep 6, 2013
Raghuram Rajan, governor of Reserve Bank of India. (Reuters)

In-Depth: Top Achievements of RBI Chief Raghuram Rajan

Raghuram Rajan, who recently took over the reins of Reserve Bank of India, shored up investor confidence in his first speech. But his real task lies in uplifting the nation's poor economic conditions and on reviving the sliding rupee value. Sep 6, 2013
bse-sensex

Indian Stock Markets Expected to Advance on Friday

Indian stock markets are expected to advance for the third straight session on Friday as new central bank governor’s plans to liberalise the financial markets will continue to offer support. Sep 6, 2013
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