Reserve Bank of India predicts six per cent GDPAugust 28th, 2009 NEW DELHI - The Reserve Bank of India (RBI) has predicted six per cent growth in Real Gross Domestic Product in the current fiscal despite a weak monsoon. In its annual report, the RBI said economic impact of the drought would not be bad.
Inflation rises to - 1.53 percentAugust 20th, 2009 NEW DELHI - The rate of inflation has increased to - 1.53 percent for the week ended August 8 against the - 1.74 percent in the previous week. It rose despite increase in prices of food articles.
Industrial sector records 7.8 percent growth in JuneAugust 12th, 2009 NEW DELHI - Industrial production sector has recorded a 7.8 per cent growth in June as compared to 2.7 per cent a month before. Led by a recovery in manufacturing sector, which accounts for two-thirds of the industrial production, the 7.3 per cent growth indicates a return of consumer demand in the market.
Sensex slips 197 points in early tradeAugust 12th, 2009 MUMBAI - The Bombay Stock Exchange (BSE) benchmark Sensex fell by almost 197 points in early trade on Wednesday. The 30-share index moved down by 196.58 points, or 1.21 per cent to 14,878.01 points after stocks of auto, metals and realty sectors suffered the most.
Indian exports fall by 28 per centAugust 3rd, 2009 NEW DELHI - Recording a slip of 28 per cent in exports in June, India's overseas sales fell for the ninth straight month due to the global economic slump, government data revealed on Monday. Amid shrinking demand for made-in-India goods, shipments slid 28 per cent to 12.8 billion dollars from 17.73 billion dollars during the same month last year.
Inflation eases to -1.54 percentJuly 30th, 2009 NEW DELHI - After a marginal hike in two consecutive weeks inflation fell to (-) 1.54 per cent for the week ended July 18 even as essential food items like cereals, pulses, fruit and vegetables continued to remain expensive. Inflation stood at (-)1.17 per cent in the previous week.
Inflation further dips to -1.55 per centJuly 9th, 2009 MUMBAI - Inflation dipped to minus 1.55 per cent for the week ended June 27 from -1.30 per cent in the previous week. The fall in inflation has been reported despite increase in the prices of food items like pulses, fish marine, fruit and vegetables.
Sensex gains nearly 183 pointsJune 9th, 2009 MUMBAI - The Bombay Stock Exchange benchmark Sensex on Tuesday gained nearly 182 points with IT, FMCG, banking and metal sector stocks staging a comeback.imilarly, the National Stock Exchange index Nifty rose by 29.60 points at 4,459.50 at the same time. Major gainers were Reliance Industries up 1.06 per cent to Rs 2,212.05, Tata Steel 2.36 per cent to Rs 426 and Larsen and Toubro by 1.81 per cent to Rs 1,506.
Sensex ends flat after hitting 15KJune 3rd, 2009 MUMBAI - The Sensex ended at 14,870, down 4 points after hitting days' high of 15,045 after a gap of nine months. The 30-share Sensex, which has surged 1,285 points in the last five sessions, gathered 168.30 points on Wednesday at 15,043.21 its highest level since early September last year.
Pfizer to make tender offer to increase stake in Pfizer LimitedApril 13th, 2009 MUMBAI - Pfizer Investments Netherlands B.V., an indirect wholly-owned subsidiary of Pfizer Inc, today announced that it will make a tender offer to acquire a 33.77 per cent stake in Pfizer Limited from public shareholders at a price of Rs. 675.00 per share.
Inflation rate in India drops to a thirty-year low of 2.43 per centApril 9th, 2009 NEW DELHI - The rate of inflation in India for the week ended March 28 fell to historic low of 0.26 percent, from 0.31 percent a week earlier, government data showed on Thursday. The inflation rate, which has been recorded as the lowest ever, in more than three decades, has increased the expectation of rate cuts by the Reserve Bank of India (RBI).
Airtel offers one cent per min call rates from US to IndiaApril 8th, 2009 NEW DELHI - Bharti Airtel today launched the never before calling rate of 1 cent a minute on its online calling card service www.airtelcallhome.com. This will enable NRIs in US to call friends and family back in India at the most competitive rates in the market.
Call tariffs to fall as regulator cuts termination chargesMarch 10th, 2009 NEW DELHI - In a move that will bring down the call charges further, India's telecom watchdog Monday reduced local termination charges by 33 percent to 20 paise. 'Termination charge for all types of domestic calls -- landline to landline, landline to mobile, mobile to landline and mobile-to-mobile -- has been reduced to 20 paise per minute from 30 paise per minute,' the Telecom Regulatory Authority of India (TRAI) said in a statement.
Punjab Gold Cup hockey: India beat New Zealand 2-0January 30th, 2009 CHANDIGARH - India did enough to run out 2-0 victors against New Zealand in their opening match of the Punjab Gold Cup hockey tournament at the Sector 42 stadium here Saturday. Skipper Sandeep Singh and Shivendra Singh were the scorers.
Diwakar scores four goals as India hold Malaysia 5-5January 16th, 2009 SYDNEY - Skipper Diwakar Ram scored four goals, including a hat-trick, as India juniors fought back to hold Malaysia 5-5 in a preliminary round game of the men's hockey tournament of the Australian Youth Olympic Festival here Saturday. India have already qualified for Sunday's final where they meet Australia.
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