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SummaryFitch Ratings cut India’s growth forecast for the current financial year to 4.8 per cent.

Fitch slashes India growth forecast to 4.8% for FY’14

New Delhi: Fitch Ratings cut India’s growth forecast for the current financial year to 4.8 per cent, saying weak demand is a large drag on the economy. The new estimate underlines the “severity of the growth shock,” the rating agency said. PTI

Coal India workers defer strike to Dec 17

New Delhi: Coal India workers’ union has decided to defer its proposed three-day strike to December 17. The move comes after the management assured them of facilitating discussion with the government regarding the proposed disinvestment. PTI

Forex reserves rise by $544.7 million

MUMBAI: Forex reserves rose to $275.35 billion as of September 13, compared with $274.806 billion in the earlier week. REUTERS

Tata Motors plans to raise prices by 1.5%

MUMBAI: Tata Motors is looking to raise prices by 1-1.5 per cent across its range of commercial and passenger vehicles. REUTERS

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