Economy News - Page 29
Renault showcases first mass segment vehicle
Renault has big plans for India in the current year, be it new launches, opening showrooms or ramping up production capacity.
Tata Motors plans $568 mn capex in FY13
Tata Motors has earmarked Rs 30 billion as capital expenditure for the financial year beginning on 1 April, a senior official said on Friday.
Rising interests and costs fail to slow down growth of Hero Motocorp
India's largest motorcycle maker, Hero Motorcorp remains optimistic about continuing their double digit growth in the coming fiscal year.<br /><br />
M&M to launch 2 green cars, 1 SUV by Diwali
Home grown auto major Mahindra & Mahindra will be unleashing six new vehicles by the end of the next fiscal.
Maruti to hike car prices next week
The country's largest car maker Maruti Suzuki India (MSI) today said it is considering increasing the prices of its products.
Goa mining industry fears bleak future due to export duty hike
On December 30, the Ministry had announced a hike in export duty from 20 per cent to 30 per cent on all types of iron ore grades.
Rupee to underperform on India's huge current account deficit: RBS
The bank said rupee valuations that are close to 2009 lows look attractive but are more reflective of the currency's poor fundamentals.
CLSA upgrades Infosys from 'underperform' to 'outperform'
Brokerage CLSA has upgraded India's No. 2 software services exporter Infosys to 'outperform' from 'underperform', saying the company is best placed to capitalise on the weak rupee.
Asia factory output weak; India defies with rise
Asian factory output remained weak in December, with Chinese manufacturers narrowly avoiding contraction and South Korea's industrial production shrinking the most in almost three years.
Eiffel Group to invest Rs 300 cr in Maha's golden triangle
As the second home phenomenon gains currency in the Mumbai-Pune-Nashik belt, realty player Eiffel Group has earmarked Rs 300 crore for the next three years to launch more projects in 'Maharashtra's 'golden triangle'.
No moderation in inflation for RBI to change policy: Rangarajan
His comments followed the release of data which showed that the overall inflation remained close to the double-digit mark, at 9.72 percent, in September on account of costlier food products, fuel and manufactured goods.<br /><br />
India for automatic sharing of banking data to curb black money
Taking the fight against black money to global level, India will impress upon the G-20 nations to persuade tax havens to do away with their secrecy laws and adopt mechanism for automatic sharing of taxation and banking data.
Govt clears changes in laws to deal with bad loans
The Cabinet approved the introduction of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011, in the next Winter Session of Parliament, Information and Broadcasting Minister Ambika Soni told reporters here.
RBI: rupee weakness has raised import costs
The Reserve Bank of India's (RBI) chief said that the rupee has depreciated "quite significantly" in the last few months pushing up import costs.
'Volatile markets, inflation hitting HNIs'
Rise of high networth individuals (HNIs) in the country is getting affected in the 'high inflation.
India's R&D centres are 25 percent cheaper than China's
Operating cost of MNC research and development (R&D) centres in India is 25 per cent lower compared to China, according to a report unveiled today by global advisory firm Zinnov Management Consulting.
Exporters get Rs 1,700 cr Diwali bonanza
Reserve Bank has already notified interest subsidy of two percent for handicrafts, handlooms, carpets and small and medium exporters.
Food inflation down at 9.32 pc for week ended 1 Oct
Food price index rose 9.32 percent and the fuel price index climbed 15.10 percent in the year to 1 October, government data on Thursday showed.
Rupee down by 3 paise against dollar in early trade
The Indian rupee eased by 3 paise to Rs 48.98 per dollar in early trade today on mild demand for the American currency from importers.
Black money trail: I-T sleuths scrutinise transactions worth Rs 153 lakh cr
The verification will help the Income Tax Department to go into the source of funding of high-value transactions like purchase of shares, mutual funds, bonds and property.
Factory output diappointing, may affect GDP: Pranab
Mukherjee, however, declined to comment on the extent to which the subdued IIP numbers will impact the economic growth during the July-September quarter (Q2) of this fiscal.
RBI may change policy stance if inflation eases, says Gokarn
The Reserve Bank of India (RBI) will change its monetary policy stance only if inflation eases and further rate increases will depend on the price rise situation, Subir Gokarn, deputy governor at the central bank, said on Wednesday.
Maha govt to hold meeting over looming power crisis
Factors like ongoing protests in neighbouring Andhra Pradesh over separate statehood issue and power plants in Madhya Pradesh and Uttar Pradesh unable to generate sufficient power due to coal shortage are resulting in the power shortage in the state, said the chief minister.
Considering raising FDI cap in single-brand retail: Sharma
Government is "seriously" considering to raise the 51 percent cap in foreign direct investment (FDI) in single-brand retail business, Commerce and Industry Minister Anand Sharma said today.
China imposes nationwide tax on energy, resources
China is imposing a nationwide tax on production of oil and other resources to raise money for poor areas.
Crisil cuts India's GDP forecast on deteriorating domestic investment
The industry is projected to grow at a slower rate of 6.5 percent in 2011-12, as against the previous forecast of 7.3 percent.
PAC to re-examine CAG report on 2G scam
PAC has decided to call RP Singh, former Director General of Audit (Post and Telecommunications), at its next meeting as a witness. The Committee is expected to question him on the methods he used to estimate the losses in the 2G spectrum allocation.
Renminbi needs to be convertible to become global currency: RBI
Subbarao said the China's policies must inspire trust and confidence.
Govt may give tax sops to IT firms
A spurt in tax rates due to expiry of the Software Technology Parks of India (STPI) scheme earlier this year has hurt margins and crimped profits at Indian IT firms.
S&P downgrades Dexia by one notch on lack of funds
The board of Dexia, whose shares are suspended, will meet in Paris on Saturday to vote on a break-up plan after Belgium and France pledged to guarantee its financing in the face of a share-price slide.