Economy showing signs of recovery: FM
Pranab Mukherjee said higher investment was needed to return the economy to a higher growth path
Archive for July 14th, 2009
Weak monsoon threatens farms, power supply
Hydropower plants at 40% of capacity on weak rains; Govt guarantees power supplies to top grain states
Scanty rain cuts hydropower supply to 40%
India saw the driest June in 83 years, followed by subnormal rainfall in the first week of July
Govt may offer funding to Air India
Civil aviation minister Praful Patel says the government is considering injecting funds into the ailing national carrier by way of equity and debt as an IPO is unlikely at present
India among top recipients of remittances: World Bank
World Bank said that India, China and Mexico retain their position as the top recipients of migrant remittances among developing countries. All about Re | Forex Converter
Rupee snaps 2-day fall as stocks rebound
The rupee gained on Tuesday, snapping a two-day losing streak as the share market surged more than 3 per cent and other Asian currencies rose.
Rupee gains on stocks rise; higher Asian units
The rupee continued to closely mirror the domestic share market in afternoon trade on Tuesday with gains in other Asian units also supporting sentiment.
Rupee rises on fund hopes
The dollar index – gauge of the dollar’s movement against six major currencies – was up 0.1% by 1 pm.
Rupee up as Asian stx bounce; cap inflow seen
The rupee strengthened on Tuesday after dropping for two consecutive sessions as a bounce in Asian stocks raised expectations of capital inflows into the domestic stock market.
Investors have high hopes from Pantaloon
The company’s home retailing subsidiary has been a drag on its consolidated performance
Gains boost HDFC Bank profits
The rise in bad loans during the June quarter was marginal, with gross non-performing assets increasing to 2.1% of gross advances as on 30 June, compared with 1.98% at the end of March
Markets see roaring recovery as optimism returns; stocks up 3.4%
BSE index ended up 3.38%, or 453.38 points, at 13,853.70, its best close in a week, after rising as much as 3.75% during trade. The 50-share NSE index rose 3.46% to 4,111.40
Sony to raise its MP3 market share in India to 30%
Sony India, which today launched its latest ‘W’ series of MP3 players, said the company is planning to sell 1.8 lakh units by year 2010
NHPC, Oil India IPO this year; RITES divestment deferred: FM
The government decided to disinvest a small portion of equity out of its shareholding in these companies in conjunction with their public offerings
