The Indian economy is likely to grow by 8% in the next fiscal, propelled by domestic demand, financial services firm Nomura has said. “The fundamental drivers of domestic demand are falling into place.
Against the backdrop of rising global prices, the government on Friday decided against rice import stating it has enough stocks to manage demand despite a shortfall of 15 million tonne in Kharif production.
The All India Bank Employees Association and All India Bank Officers Confederation have jointly given a call for nationwide bank strike on December 16 to protest the move for consolidation in the state-owned banking industry.
With a view to align businesses and build operational synergy, media company Network18 said it would restructure operations of its flagship company TV18 India by merging broadcasting operations of two of its business news channels — CNBC TV 18 and CNBC Awaaz.
The Planning Commission on Friday called for facilitating higher growth of micro, small and medium enterprises (MSMEs) in order to achieve inclusive growth for the economy. MSMEs employ 60 million people, and account for 30% of the country’s manufacturing gross domestic product and 40% exports.
The country’s foreign exchange reserves rose by $962 million to $286.4 billion for the week ended November 13, 2009 despite dollar weakening nternationally, the Reserve Bank of India said in its weekly statistical supplement released on Friday.
In a bid to popularise the New Pension Scheme amongst private citizens, the Pension Fund Regulatory and Development Authority is planning to set up an NPS Information Desk.
Uncertainty over auction of 3G spectrum continues as an eGoM seems to have remained unable to resolve differences between telecom and defence ministries over vacation of the airwaves.
Reliance Natural Resources Limited told the Supreme Court on Thursday that it has no objection to the government being a party in the dispute between Reliance Industries Limited and RNRL provided the rights of RNRL to cross-examine and inspect the government’s documents are reserved.
Wholesale price of food items rose 14.55% for the week ended November 7 from a year earlier due to dearer cereals, dairy items as well as mutton and eggs. However, wholesale prices of fuel-related products dipped 1.51% in the week under consideration, compared to the corresponding period of the previous year.
India would not accept any legally binding cuts on greenhouse gas emission at the forthcoming Copenhagen summit on climate change but would be ruthless in taking climate control measures domestically, environment minister Jairam Ramesh said on Thursday.
Continuing its arguments in the Ambani gas row, the government told the Supreme Court on Wednesday that Reliance Natural Resources Limited should ask for the gas produced from the K-G D6 fields when their Dadri power....
Intending to make Yamuna Expressway a growth engine for all future development of the state, the Uttar Pradesh government has issued directives that the expressway be completed and open to traffic before the 2010 Commonwealth Games in New Delhi.
Planning Commission deputy chairperson Montek Singh Ahluwalia on Wednesday said Bihar had made progress in infrastructure, education and health sectors and recorded desired economic growth in the last four years.
During the fortnight ended on November 6, bank loans have gone up by Rs 23,148 crore taking outstanding advances to Rs 28,91,713 crore—an increase of over 9%—the slowest growth in 12 years. According to data from the RBI, credit...
India would soon initiate the process to make the Asean Free Trade Agreement operational from January 1, 2010. The duty-free deal was signed in August 2009, in the midst of opposition from plantation sector farmers and political functionaries from southern states.
The IT industry is ending its worst year ever, with the worldwide IT spending expected to decline 5.2% in 2009, IT research & advisory firm Gartner said. However, this industry would return to growth in 2010 with a total spending of $3.3 trillion, registering a 3.3% increase from 2009, the report said.
In a major offensive against illegal mining activities in Orissa, the state government has suspended the mining operations in 128 mines, mostly iron ore and manganese mines, in the state.
The government on Tuesday cleared 17 Foreign Direct Investment proposals worth Rs 1,158.78 crore, which included steel major ArcelorMittal’s acquisition of 35% stake in Uttam Galva for Rs 500 crore.
Mahindra Satyam on Tuesday said it has received legal notices for claims worth Rs 1,230.4 crore from 37 companies, to whom it has replied terming these claims as ‘legally untenable’.
The Group of Ministers which recently assured support to the national carrier in the form of equity infusion would be releasing the first installment of Rs 400 crore by January 2010.
With international crude oil prices on the rise, oil marketing companies have started feeling the burden of under-recoveries on sale of domestic LPG and PDS kerosene.