Agra, Jan 28: The Indian government has taken a number of measures and effectively put in place "single-window clearance" mechanism to make the country a manufacturing hub in the next 10 years, Commerce and Industry
New Delhi, Jan 27: The Indian economy is expected to grow at a rate of 6.7 per cent in 2013-14 fiscal on account of expectations of cut in key policy rates by the RBI which
Davos, Jan 27: Dismissing concerns of high corporate debt exposures posing possible default risks to banks in India, ICICI Bank MD and CEO Chanda Kochhar has said that loans have been mostly given for projects
New Delhi, Jan 27: The Reserve Bank is expected to cut its policy rate by a minimum 0.25 per cent in its third quarter review on Tuesday as there are increased concerns over contracting industrial
Davos, Jan 27: In order to keep up the recovery momentum in the world economy, International Monetary Fund chief Christine Lagarde today asked countries and their leaders to follow the 'do not relax' principle and
New Delhi, Jan 25: RBI may lower its benchmark interest rates in the coming months as inflation has eased, pursuant to which banks may also lower their rates to some extent to pass on the
New Delhi, Jan 24: The Supreme Court on Thursday questioned Centre's power to allocate coal blocks to companies, saying it has a lot of "legal explanation" to do as the statutory Act empowers only the
New Delhi, Jan 24: The Reserve Bank today hiked FII investment limits in government securities and corporate bonds by $5 billion each, taking the total cap in domestic debt to $75 billion, with a view
New Delhi, Jan 23: India's foreign direct investment (FDI) inflows declined to a nearly two-year low of $1.05 billion in November 2012, mainly due to global economic uncertainties.In November 2011, the country had attracted FDI
New Delhi, Jan 20: Retaining India's credit rating at the existing level, global agency Moody's has cautioned that a high fiscal deficit could pull down the growth in the coming years."Large government deficits and debt
New Delhi, Jan 18: Hours after getting the green signal from the UPA government, oil marketing companies raised the prices of diesel by 45 paise (excluding of taxes). The decision is likely to have a
New Delhi, Jan 17: The government today approved a 50 per cent reduction in the reserve price of spectrum used by CDMA mobile operators."The Cabinet has approved 50 per cent reduction in CDMA spectrum (reserve)
New Delhi, Jan 16: Finance Minister P Chidambaram on Wednesday said he would outline amendments to the Constitution on the Goods and Services Tax (GST) in his Budget speech if there is consensus among states
New Delhi, Jan 15: Following recent macroeconomic data on Index of Industrial Production (IIP) and trade deficit, Bank of America Merrill-Lynch (BofA-ML) has maintained its stance that the worst is over for the Indian economy.In
New Delhi, Jan 14: Industry body CII has asked the government to take steps in the Budget to boost investments as economic growth has slowed.In its pre-budget memorandum to the Ministry of Finance, CII has
New Delhi, Jan 14: Rising for the third consecutive month, retail inflation breached the double-digit mark at 10.56 per cent in December, driven by higher prices of vegetables, edible oil, pulses and cereal.The retail inflation
New Delhi, Jan 11: Attributing decline in industrial output in November to statistical reasons, Planning Commission deputy chairman Montek Singh Ahluwalia on Friday said the growth has already bottomed out and efforts taken by the
New Delhi, Jan 11: Dashing hopes of a rebound, the industrial output contracted to a four-month low of 0.1 per cent in November due to poor performance of manufacturing and mining sectors and decline in
New Delhi, Jan 10: Oil stocks on Thursday rose by as much as 4 per cent following the Oil Ministry's proposal to hike diesel rates by Rs.3-4.50 per litre.Shares of IOC gained 3.59 per cent
New Delhi, Jan 10: Stating that India's Gross Domestic Product (GDP) growth and risk appetite may lag expectations, Citigroup Global on Thursday cut India's rating from 'Neutral' to 'Underweight'.Citigroup sees BSE Sensex rising by 7%
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