Economy

India likely to grow by 5.7% in 2013:WEO  

16 Apr 2013, 8.21 pm  |  Source: PTI

Indian economy is projected to grow by 5.7 percent in 2013 and 6.2 percent in the next year as against world output growth of 3.25 percent and 4 perce...

Monetary Policy: RBI may not cut rates on May 3, says CARE Ratings  

16 Apr 2013, 6.17 pm  |  Source: Moneycontrol.com

CARE Ratings has come out with its report on industrial growth in February 2013. According to the rating agency, The manufacturing sector registered a...

India, EU FTA gains momentum  

16 Apr 2013, 5.45 pm  |  Source: PTI

The long-running negotiations between India and the European Union on a free trade agreement (FTA) gained fresh momentum from the ministerial-level ta...

Govt considering freeing oil, gas price controls: FM  

16 Apr 2013, 5.44 pm  |  Source: PTI

India is considering freeing prices of locally produced oil and natural gas from state controls in a bid to lure more foreign investment, finance mini...

India eyes oil, gas reserves in Tajikistan   

16 Apr 2013, 5.39 pm  |  Source: PTI

With severe economic sanctions against Iran by the West hitting its oil procurement from there, India is looking out and is in talks with Tajikistan t...

India's gold import to fall by 25% in April  

16 Apr 2013, 2.23 pm  |  Source: CNBC-TV18

Gold imports are likely to go down by about 25 percent this month to around 53.25 tonnes compared to the same period last year due to the declining go...

Inflation: SBI sees rate cut, ICICI expects revision   

16 Apr 2013, 2.01 pm  |  Source: CNBC-TV18

In an optimistic mood after March’s wholesale price index (WPI) inflation came in at 5.69%, Diwakar Gupta, managing director and chief financial off...

Trade deficit to improve; RBI to cut 25 bps: Credit Suisse   

16 Apr 2013, 11.42 am  |  Source: CNBC-TV18

The steep fall seen in gold and crude prices will help contain India's widening current account deficit (CAD)....

India's latest tax target: companies selling below cost  

16 Apr 2013, 8.37 am  |  Source: Reuters

Indian tax officials have opened up a new front in their battle to increase revenue collected from companies, targeting manufacturing firms that slash...

India to set up regulators for coal, road sector: FM  

15 Apr 2013, 10.38 pm  |  Source: PTI

Finance Minister P Chidambaram today said the government will set up independent regulators for coal and road sectors in four months and vowed to brin...

IOC to cut petrol prices by Re 1 per litre from Tuesday  

15 Apr 2013, 7.06 pm  |  Source: Reuters

Indian Oil Corp (IOC) , the country's biggest refiner, will cut petrol prices by about 1.8 percent from Tuesday as global prices of the fuel have decl...

94% of Indian businesses plan to hire in 2013: Survey  

15 Apr 2013, 7.01 pm  |  Source: PTI

India Inc seems to be optimistic about their hiring intentions for 2013 as 94 per cent of the businesses are planning to increase their headcount, acc...

Muted IT salary hikes seen on new biz mix; excess manpower  

15 Apr 2013, 3.49 pm  |  Source: Moneycontrol.com

Brokerage house Kotak Securities has cautioned that India’s demographic dividend story may go awry if not enough jobs are created to absorb the coun...

Crisil cuts FY14 GDP growth forecast to 6%  

15 Apr 2013, 3.31 pm  |  Source: Moneycontrol.com

Crisil Research, the domestic arm of global rating agency S&P, on Monday cut its India GDP growth forecast for 2013-14 to 6 percent from 6.4 percent e...

See inflation lowering hereon: JPMorgan's Chinoy   

15 Apr 2013, 3.00 pm  |  Source: CNBC-TV18

After March's wholesale price index (WPI) inflation stood at 5.96%, a lot lower than the estimated 6.4%, Sajjid Chinoy, economist, JP Morgan believes ...

Mar WPI inflation 5.96%; will RBI cut repo rate on May 3?  

15 Apr 2013, 2.44 pm  |  Source: Moneycontrol.com

Economists say it may be too early cheer the lower March WPI reading even if does lead to a cut in interest rate by the RBI, which in any case is unli...

Lower Mar WPI inflation good for 25 bps cut at best: Kotak   

15 Apr 2013, 1.51 pm  |  Source: Moneycontrol.com

Lower-than-expected March wholesale price inflation of 5.96 percent could at best make the case for a 25 basis-point reduction in interest rates, feel...

Wholesale inflation dips to 5.96% in Mar; a 40-month low  

15 Apr 2013, 12.36 pm  |  Source: Moneycontrol.com

Wholesale price index (WPI)-based inflation for March fell to a 40-month low of 5.96 percent, strengthening the case for a further reduction in intere...

See inflation sub 6% by July, Aug; rate cut likely: HDFC Bk   

15 Apr 2013, 12.01 pm  |  Source: CNBC-TV18

Abheek Baruah, chief economist, HDFC Bank expects March wholesale price index (WPI) inflation to be better than February....

Why Congress rule always leaves inflation as legacy  

15 Apr 2013, 9.10 am  |  Source: Moneycontrol.com

If the Congress-led UPA government ever manages to get inflation down, it will be either because of sheer luck (global factors), or because it has man...

I-T dept to 'name and shame' habitual tax evaders  

14 Apr 2013, 3.52 pm  |  Source: PTI

The Income Tax department has decided to name and shame "chronic" tax defaulters by publicising their names and addresses....

Unravelling truth behind renegotiation of contracts    

13 Apr 2013, 4.06 pm  |  Source: CNBC-TV18

In a recent time, there has been many examples of private companies in infrastructure sector wanting to renegotiate their contracts with public bodies...

Green shoots in economy: One-off or something has changed?   

12 Apr 2013, 10.26 pm  |  Source: CNBC-TV18

There was finally some good news on the economy. Industrial production in February did better than expected and consumer prices, while contusing to in...

FM ask banks to gear up for LPG subsidy rollout  

12 Apr 2013, 8.35 pm  |  Source: PTI

Finance Minister P Chidambaram today asked banks to gear up for the rollout of direct cash subsidy scheme to cooking gas (LPG) consumers throughout th...

Feb IIP grows at 0.6%: What it means for economy?  

12 Apr 2013, 6.30 pm  |  Source: Moneycontrol.com

Index of Industrial Production (IIP) for the month of February surprised the street with 0.6 percent growth versus expectations of a 1.7 percent contr...

Growth to show improvement in current fiscal: Montek  

12 Apr 2013, 4.57 pm  |  Source: PTI

Even as he described the industrial growth figure for February as "very low", Plan panel Deputy Chairman Montek Singh Ahluwalia took heart that it was...

See consumer durables growing at 20% in 2013-14: Videocon   

12 Apr 2013, 3.34 pm  |  Source: CNBC-TV18

Venugopal Dhoot, CMD, Videocon Industries sees signs of Indian economy growing. He is bullish on growth of consumer durables sector and sees more than...

Govt will sell $5.3bn in debt quotas to foreign investors  

12 Apr 2013, 3.11 pm  |  Source: Reuters

The government will auction Rs 29,108 crore in government debt to foreign investors on April 22, according to the website of market regulator Securiti...

FinMin pitches for ratings upgrade for economy with Fitch  

12 Apr 2013, 2.56 pm  |  Source: PTI

The Finance Ministry today made a strong case for rating upgrade of Indian economy by global agency Fitch on the back of increasing investments, decli...

IIP no confirms economy stabilising; repo cut seen: Experts   

12 Apr 2013, 1.57 pm  |  Source: CNBC-TV18

The uptick seen in February industrial output (IIP) data indicates that the Indian economy is stabilising, believes Samiran Chakrabarty, head of resea...