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Weak manufacturing drags down economic growth
GDP growth at 7.9% slowest in the last 14 quarters. New Delhi, Aug. 29 The near halving of manufacturing sector growth in the first quarter of this fiscal has led to the country’s gross domestic product (GDP) growth decelerating to 7.9 ...
We expect 8% growth, says Chidambaram
Mumbai, Aug. 29 The Finance Minister, Mr. P Chidambaram, said the country’s GDP would likely grow close to 8 per cent in the current ...
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Positive opening: ...
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Day one: 70,000 currency contracts traded on NSE
Standard Chartered makes large deals. Nearly 70,000 currency contracts were traded on the National Stock Exchange on Friday, the first day of trading in currency futures, which was inaugurated by the Union Finance Minister, Mr P. Chidambaram. ...
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Dip in inflation drives Sensex up 516 points
Mumbai, Aug. 29 The benchmark indices moved up by 3.5 per cent on Friday aided by lower inflation numbers and a positive sentiment in the global markets. ...
Regulators get leeway on number of independent directors
Cos Bill sets minimum limit at 33%. New Delhi, Aug. 29 Regulators such as SEBI and RBI can continue to prescribe the limit for independent director requirement of companies. ...
UTI MF seeks strategic partner
To proceed with IPO once market turns favourable. Mumbai, Aug. 29 UTI Mutual Fund is seeking a strategic partner, Mr P. Chidambaram, told reporters on Friday, after a meeting with UTI officials in ...
Obama’s anti-outsourcing rhetoric puts IT industry in wait-and-watch mode
New Delhi/Chennai, Aug. 29 Stung by the apparent anti-outsourcing overtone of Senator Barack Obama’s acceptance speech where the Democrats’ Presidential nominee pledged to halt tax sops to companies that ship jobs outside the US, ...
Growth to moderate: RBI
Farm outlook tied to monsoon; inflation risks persist, says Report. Mumbai, Aug. 29 The Indian economy is likely to witness a slight moderation in growth, which continues at an elevated level, unlike the global economy, which is expected to ...
Non-aeronautical service charges off regulator purview
Cabinet clears amendments to airports Bill. New Delhi, Aug. 29 The view of the Ministry of Civil Aviation that the proposed Airports Economic Regulatory Authority (AERA) should not regulate non-aeronautical service charges, including charges ...
Rice, oilseeds kharif coverage increases
Acreage under cotton, sugarcane, maize trails. Chennai, Aug. 29 With monsoon picking up momentum towards July-end and early this month, rice and oilseeds seem to have gained. However, pulses, cotton and sugarcane have not been able to make ...
Satyam pursuing four acquisition opportunities
All deals are in the $50-million plus range. Mumbai, Aug. 29 The country’s fourth largest software exporter Satyam Computer Services is on the prowl again. ...
Banks shying away from personal loans
HIGH-RISK ASSETS. Coimbatore, Aug 29 Look at the hoardings dotting your route to the office and you might get misled in more ways than one. Take the instance of some banks offering you personal loans. The advertisement hoarding makes it seem ...
Work at Tatas’ Singur plant hits a roadblock
Company asks employees to keep away from work. Kolkata/Pune, Aug 29 Work at the Tata Motors’ small car project at Singur, about 35 km from Kolkata, came to a standstill on Fridaywith the company deciding not to send any of its ...
Markets this week (Latest Audio:English/Tamil)
The markets opened higher on positive global sentiment on Monday, and there was buying momentum throughout the session. Towards the close, profit-booking pared most of the gains. The Sensex rose 48.86 points to end at ...
No respite to East as rain deficit gets cut to 1%
Thiruvananthapuram, Aug 29 The rain deficit has narrowed down once again to one per cent on Wednesday (Aug 24) as a ‘turnaround’ spell persisted in the south while flooding rains in the east, dubbed the worst in decades, ranted ...
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