Category: Economic News

Sensex extends losing streak, tanks 297 pts on F&O expiry

Mumbai, Dec 26: Benchmark indices nursed losses for the third straight session on Thursday, led by selling in market heavyweights Reliance Industries and HDFC Bank amid expiry of December derivatives contracts. After tumbling 328.37 points during the day, the 30-share BSE Sensex ended 297.50 points, or 0.72 per cent, […]

Not only onion, prices of potato and other veggies on rise

New Delhi, Dec 16: Not just onion, retail prices of potato and other vegetables have also shot up in the national capital on Monday as recent winter rainfall has damaged some of the crops, according to traders. At the Azadpur wholesale mandi here, prices of main vegetables, especially onion, […]

Govt to sell 100% stake in Air India, says Puri

New Delhi, Dec 12: The government has decided to sell its entire 100 per cent stake in Air India under the proposed disinvestment process, Union minister Hardeep Singh Puri said on Thursday. The national carrier, which has a debt burden of more than Rs 50,000 crore, has been making […]

Sensex spurts over 170 points in choppy trade

Mumbai, Dec 11: The BSE benchmark Sensex rose over 170 points to close at 40,412 on Wednesday, helped by fag-end buying mainly in auto, IT and oil & gas stocks amid easing crude prices. After swinging nearly 330 points, the index finished 172.69 points or 0.43 per cent higher […]

Sensex drops 33 points in early trade; IT stocks drag

Mumbai, Dec 10: Market benchmark BSE Sensex on Tuesday slipped over 33 points in early trade, due to losses in select private banks, IT and auto stocks amid fresh infusion of funds by foreign investors. The 30-share index was trading 33.67 points or 0.08 per cent lower at 40,453.76 […]

Rupee on slippery slope for a year at least: Reuters poll

BENGALURU – The Indian rupee will not recover lost ground in the coming year, according to a Reuters poll of currency strategists who are more pessimistic than last month amid doubts over any kind of trade truce between the United States and China. Most emerging markets currencies have […]

Q3 GDP to be worse: Chidambaram

New Delhi, Nov 30: Senior Congress leader P Chidambaram on Saturday said the lower GDP growth rate of 4.5 per cent was as predicted but warned that third quarter will be worse. India’s economic growth slipped further to hit an over-six-year low of 4.5 per cent in the July-September […]

India’s economic growth slows to 4.5% in July-September quarter

NEW DELHI – India’s annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013, making an interest rate cut more likely when the central bank meets next week. The gross domestic product data released on Friday showed consumer demand, private investment and exports […]

India’s GDP growth further dips to 4.5 pc in July-Sept

New Delhi, Nov 29: India’s economic growth slipped further to hit an over six-year low of 4.5 per cent in July-September, according to official data released on Friday. The previous low was recorded at 4.3 per cent in the January-March period of 2012-13. The Gross Domestic Product (GDP) growth […]

India’s economy seen growing at 4.7% in September quarter

NEW DELHI – India’s economy probably expanded at its weakest pace in more than six years in the quarter to September, a Reuters poll showed, as consumer demand and private investment weakened further and a global slowdown hit exports. The median of a poll of economists showed annual […]

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