Amritsar: Describing Punjab government's development initiatives as "business like", Tata Group Chairman today assured large-scale investments in the infrastructure projects in the state.Addressing a meeting in the presence of Chief Minister Parkash Singh Badal here,
Bangalore: Asserting that the government has the capacity to overcome “this period of stress”, Union Finance Minister Chidambaram today said the current account deficit will be contained below USD 70 billion this fiscal.“Last year I
New Delhi: The Reserve Bank of India (RBI) has said the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports."We have
Mumbai: In a startling development, the Economic Offences Wing (EOW) of Mumbai police, probing the Rs 5,600-crore payment crisis at the NSEL, has found half of the warehouses it raided empty, while four storage building
Raipur: The Reserve Bank today said the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports.“We have no reason to dispute
Mumbai: Tightening its noose, the Economic Offences Wing (EOW) of Mumbai police, which is probing the Rs 5,600-crore payment crisis at the National Spot Exchange Limited (NSEL), today issued lookout notices against promoter Jignesh Shah
Mumbai: Forex reserves fell by USD 1.12 billion to USD 276.26 billion in the week to September 27 as foreign currency assets fell sharply by nearly USD 1.3 billion, the Reserve Bank said today.The reserves
Mumbai: The credit deposit ratio is likely to remain at an elevated level for the next 6-8 months on account of higher credit growth and slower deposit creation, among other things, a report said today.
Brussels: President Pranab Mukherjee has sought to counter criticism against the economic stimulus provided when he was the Finance Minister in 2009 and maintained that economy under him registered high growth rates.Seeking to debunk criticism
New Delhi: The wide spread economic gloom in the country has led to job creation at Indian companies hitting a three-year low. According to an ET Intelligence Group analysis of close to 250 companies belonging
NEW DELHI: Infosys, India's second largest software services exporter, and software giantIBM have won a 300 million euro (about Rs 2,535 crore) contract to develop the computer system for the UK-based bank Williams & Glyn's.
MUMBAI: Providing more flexibility to entities entering into M&A deals, market regulator SEBI today allowed them to include preferential clauses like “right of first refusal, tag-along and drag-along” in their share purchase agreements.Right of refusal
New Delhi: Ahead of the festival season, public sector banks will provide cheaper loans for auto and consumer goods purchases with a view to stimulating demand. Banks would lower lending rates as the government today
New Delhi: Ahead of the RBI's central board meet, the central bank chief Raghuram Rajan today met Finance Minister P Chidambaram and is understood to have discussed economic issues.“Our meeting was part of regular interaction
Mumbai: India's Current Account Deficit is likely to narrow during 9 months (July-March) of the current fiscal to touch a low of 1.5 per cent of GDP because of lower gold imports, higher overall exports
Mumbai: The Economic Offences Wing of Mumbai Police, which is probing the alleged Rs 5,600-crore NSEL scam, has summoned bourse's promoters, including Jignesh Shah, defaulting brokers and senior officials, even as raids continued at exchange's
New Delhi: Notwithstanding a sharp fall in holesale rates, retail onion prices remain high at Rs 60-70 per kg in the national capital region.Wholesale prices of onion yesterday fell by as much as Rs 12
New Delhi: Asian Development Bank (ADB) has lowered India's growth projection for 2013-14 to 4.7 per cent from 6 per cent earlier saying the recent rupee depreciation and capital outflows could adversely impact the country's
New Delhi: With the US business community questioning “predictability” of policies in India, Prime Minister Manmohan Singh has hit out, suggesting that they were finding “faults and excuses” because of economic slowdown in this country.“There
Srinagar: As the fiscal deficit numbers reached three-fourths of the budget estimate in the first five months of the fiscal, Finance Minister P Chidambaram has said the government is planning to trim non-plan expenditure to
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