India Business News

Sensex hits record high for sixth consecutive day

by sulekha news on Mar 31 2014 12:44PM IST

Mumbai, March 31 (IANS) A benchmark index of Indian equities markets touched a record high of 22,467.21 points for the sixth consecutive day Monday, surpassing the high of 22,363.97 points it touched Friday.

Status quo seen in Indian central bank's first bi-monthly review

by sulekha news on Mar 31 2014 11:07AM IST

New Delhi, March 31 (IANS) The stage is set for the first bi-monthly monetary policy review of the Reserve Bank of India (RBI) Tuesday and the expectation in the financial world is for interest rates to be left untouched -- that is, no change in your EMIs towards housing, auto or consumer goods loans.

Impact of flattening yield curve of US bonds (Column: Currency Corner)

by sulekha news on Mar 31 2014 10:33AM IST

In her last press conference after the minutes of the US Federal Open Market Committee (FOMC) were released, the Federal Reserve chairperson Janet Yellen said interest rates would start rising six months after the quantitative easing (QE) program completely winds down. Bond market traders have had to adjust their positions accordingly as the rate hike is now being priced much earlier than it was previously expected. Market expectations are for the first rate hike to occur somewhere around May-Ju

India Inc expects economy to grow at 5.5 percent next fiscal

by sulekha news on Mar 30 2014 6:02PM IST

New Delhi, March 30 (IANS) The Federation of Indian Chambers of Commerce and Industry (FICCI) Sunday said a survey by it pointed to improved economic growth in the next fiscal.

Rajnath flays Congress for lack of development in NE

by sulekha news on Mar 30 2014 4:32PM IST

Guwahati, March 30 (IANS) BJP president Rajnath Singh Sunday charged the Congress with not doing anything to develop the northeast region.

'Manmohan legacy of growth stunted by price rise, graft' (News Analysis)

by sulekha news on Mar 30 2014 3:12PM IST

New Delhi, March 30 (IANS) As Manmohan Singh steps down less than two months from now as the prime minister of Asia's third-largest economy, he will be credited for ushering the fastest-ever growth, but his legacy will also be mired somewhat by serious allegations of graft against his government and sharp rise in prices, opinion makers maintain.

Delhi Metro to build subway

by sulekha news on Mar 30 2014 3:02PM IST

New Delhi, March 30 (IANS) Delhi Metro said Sunday it will build a 70-metre underground subway near the upcoming station at Moti Bagh in south Delhi.

India leads on domestic market-led growth path: UNCTAD head (Interview)

by sulekha news on Mar 30 2014 2:52PM IST

New Delhi, March 30 (IANS) India has crucially placed the domestic market as the driver of its economic development, which strategy is also a major prescription for sustainable recovery of the global economy post the financial crisis that began in 2008.

Liquor sales zoom past Rs.90 bn in Kerala

by sulekha news on Mar 30 2014 2:22PM IST

Thiruvananthapuram, March 30 (IANS) Liquor sales in Kerala during the current fiscal fell down marginally quantitywise but zoomed past Rs.90 billion in value terms.

India seeks equal role for all governments in global internet

by sulekha news on Mar 30 2014 12:22PM IST

New Delhi, March 30 (IANS) Close on the heels of the US decision to relinquish its oversight of Internet Corporation for Assignment of Names and Numbers (ICANN), a global multi-stakeholder meeting - NETmundial - on the future of internet governance will be held in Sao Paulo, Brazil, April 23-24. Nearly 800 delegates representing government, private sector, civil society, academia and technical communities, including several from India, are expected to attend this meeting.

Earth hour observed in Delhi

by sulekha news on Mar 29 2014 10:32PM IST

New Delhi, March 29 (IANS) The national capital Saturday observed the earth hour as lights across the city were switched off for an hour at 8.30 p.m.

109-year old steam engine rolls out on Shimla track

by sulekha news on Mar 29 2014 6:42PM IST

Shimla, March 29 (IANS) An 109-year old British-era steam engine Saturday once again chugged down the Kalka-Shimla heritage track with over 12 passengers, mostly foreigners on board, railway officials said here.

India's forex reserves rise to $298.63 bn

by sulekha news on Mar 29 2014 6:32PM IST

Mumbai, March 29 (IANS) India's foreign exchange (forex) reserves rose by $1.34 billion to $298.63 billion for the week ended March 21, Reserve Bank of India (RBI) data showed.

Russia to put its stamp on Goa international tourism event

by sulekha news on Mar 29 2014 12:02PM IST

Panaji, March 29 (IANS) Russia, which sends the largest contingent of foreign tourists to Goa, will make its presence felt at the Goa International Travel Mart (GITM) being held here next month.

IBM to open new lab in Bangalore

by sulekha news on Mar 28 2014 10:42PM IST

Bangalore, March 28 (IANS) Global IT major IBM Friday announced investing $100 million to set eight new labs worldwide, including one here for enabling its clients work with experts in design, mobile and digital marketing.