Sunday, December 2, 2012

India to grow at 5.4% in FY13: Morgan Stanley

India to grow at 5.4% in FY13: Morgan Stanley

India to grow at 5.4% in FY13: Morgan Stanley

Posted: 02 Dec 2012 08:44 PM PST

Morgan Stanley has raised India's FY13 GDP growth forecast to 5.4 percent from 5.1 percent, citing better-than-expected GDP growth for the September quarter and also the stabilization in non-agriculture growth indicators.

Sensex up 68 points on Asian cues

Posted: 02 Dec 2012 08:19 PM PST

The BSE benchmark index Sensex on Monday gained over 68 points in early trade on sustained buying by funds and retailers in banking, capital goods and auto stocks amid firm Asian cues.

KFA set to lose airport office for defaulting on rent

Posted: 02 Dec 2012 02:24 PM PST

Kingfisher Airlines, which used to operate out of domestic Terminal 1A of the city airport was served an eviction notice by Mumbai International Airport Pvt Ltd (MIAL) a week ago.

PSU banks under lens for ‘fixing’ savings account rate

Posted: 02 Dec 2012 11:50 AM PST

Competition Commission of India, the fair play watchdog, has decided to look into the common, 4% interest rate being paid by all public sector banks on savings bank deposits despite the Reserve Bank of India moving to an unregulated regime in October 2011.

Lapsed plans drive insurers’ profits

Posted: 02 Dec 2012 11:12 AM PST

A large chunk of the profits earned by life insurance companies has been on the back of policies that were terminated early. This is also seen as an indicator of the low level of awareness among policyholders who chose to end their policies early, losing money in the bargain.

Airport charges unlikely to drop

Posted: 02 Dec 2012 11:04 AM PST

Air travellers flying out of Delhi and Mumbai are unlikely to get any real relief from steep charges they pay for using these private airports.

Developing nations unite against 'luxury emissions'

Posted: 02 Dec 2012 08:19 AM PST

In a battle of negotiators that ran from Thursday into the early hours of Sunday morning, India preserved its red-line and ensured that the world does not decide at Doha whether to reduce emissions from agriculture.

Bharti Airtel seeking African partner again: Report

Posted: 02 Dec 2012 06:37 AM PST

Bharti Airtel is trying to get a South African partner again, three years after its failed bid to link up with local giant MTN, a media report has said.

Uninor's Q3 operating loss Rs 512 cr

Posted: 02 Dec 2012 06:31 AM PST

Telecom operator Uninor narrowed its operating loss by half to around Rs 512 crore (Norwegian Krone 536 million) for the quarter ended September 30, 2012.

Adani to issue $1.5 billion global bond

Posted: 02 Dec 2012 03:51 AM PST

Adani Enterprises said it is planning a $1.5 billion global bond issue to fund its Australian coal, rail and port project.

Winners of spectrum pay up Rs 1,700cr to govt

Posted: 01 Dec 2012 11:08 PM PST

The government has received a net payment of Rs 1,706.92 crore from telecom companies which have won spectrum in the recently concluded auction, sources said.

'India Inc to give 11% salary hike in FY13'

Posted: 01 Dec 2012 10:18 PM PST

Employees across corporate India are expected to get a slightly lower average salary hike of 11 per cent in the current fiscal compared to 12-13 per cent last year as firms grapple with sluggish economic activity, experts have said.

Growth may get little worse: Assocham

Posted: 01 Dec 2012 09:45 PM PST

Economic growth may get "little worse" in the coming months due to high interest rates, inflation and recession in several key European economies, a survey by Assocham said today.
Posted by Harshad at 9:29 PM

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