Chidambaram to head spectrum EGoM |
- Chidambaram to head spectrum EGoM
- BMW calls back India head as Audi closes in
- 8% growth not God-given right: Montek Singh
- No-frills accounts aren’t a nuisance: D Subbarao
- Forex reserves up by USD 1.36 billion
- Dollar firms up sharply against rupee
- US employers add 80k jobs in June
- Poor rains may cut output, add to inflation woes
- Sensex falls 17 points on global cues
- Kingfisher starts paying Feb salaries to staff
- IMF warns over slowing global growth
- Rupee down 52 paise against dollar
- US online job demand rises in June
- Sensex down 52 points on Asian cues
- Asian stocks fall despite Europe, China rate cuts
- ‘Days of big bang reforms are over’
| Chidambaram to head spectrum EGoM Posted: 06 Jul 2012 12:24 PM PDT The government on Friday appointed home minister P Chidambaram as the new chairman of the empowered group of ministers (EGoM) on spectrum, although the final decision on pricing the radio waves will be taken by the Union Cabinet. 
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| BMW calls back India head as Audi closes in Posted: 06 Jul 2012 12:21 PM PDT As it battles rising competition from compatriot Audi, German luxury carmaker BMW has decided to change its India president, six months ahead of the normal tenure of three years. 
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| 8% growth not God-given right: Montek Singh Posted: 06 Jul 2012 12:19 PM PDT It is not possible to achieve 9% economic growth during the 12th Five-Year Plan period (2012-17), Planning Commission deputy chairman Montek Singh Ahluwalia said on Friday. 
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| No-frills accounts aren’t a nuisance: D Subbarao Posted: 06 Jul 2012 12:05 PM PDT Reserve Bank of India governor D Subbarao has berated banks for eschewing low-value customers and small transactions. 
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| Forex reserves up by USD 1.36 billion Posted: 06 Jul 2012 07:26 AM PDT The foreign exchange reserves rose by USD 1.36 billion to USD 289.99 billion during the week ending June 29, the Reserve Bank said today. 
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| Dollar firms up sharply against rupee Posted: 06 Jul 2012 06:06 AM PDT The US dollar firmed up sharply against the rupee at 55.42/43 per dollar and the Pound sterling also finished higher at 86.08/10 per pound at the close of the Interbank Foreign Exchange Market (Forex) here today. 
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| US employers add 80k jobs in June Posted: 06 Jul 2012 05:40 AM PDT US employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is struggling. 
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| Poor rains may cut output, add to inflation woes Posted: 06 Jul 2012 04:19 AM PDT Poor rains in India's key pulse-producing southern and western states have affected sowing and could trim output in the 2012-13 year that began on July 1, the agriculture minister said on Friday. 
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| Sensex falls 17 points on global cues Posted: 06 Jul 2012 04:07 AM PDT Snapping a three-day upsurge, the Sensex on Friday fell 17 points from from three-month high levels amid a weak rupee and insipid global trends. 
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| Kingfisher starts paying Feb salaries to staff Posted: 06 Jul 2012 01:28 AM PDT Kingfisher Airlines has started paying February salaries to employees, a spokesman said on Friday, providing a measure of relief to frustrated staff, including pilots who had recently threatened to go on strike. 
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| IMF warns over slowing global growth Posted: 06 Jul 2012 12:26 AM PDT International Monetary Fund chief Christine Lagarde on Friday warned that the global economy was slowing, with a soon-to-be published growth outlook lower than earlier forecasts. 
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| Rupee down 52 paise against dollar Posted: 05 Jul 2012 09:40 PM PDT The rupee today fell 52 paise to 55.49 against the dollar in early trade on the Interbank Foreign Exchange market following increased demand for the American currency from importers. 
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| US online job demand rises in June Posted: 05 Jul 2012 09:17 PM PDT A monthly gauge of online labor demand in the United States rose in June, led by jobs available in the transportation and warehousing sector, while retail positions regained momentum, the operator of a job search website said on Friday. 
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| Sensex down 52 points on Asian cues Posted: 05 Jul 2012 09:11 PM PDT Snapping a three-day rising streak, the BSE benchmark index Sensex declined by nearly 52 points in early trade on Friday as funds and retail investors preferred to book profits amid a weak trend in Asian markets. 
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| Asian stocks fall despite Europe, China rate cuts Posted: 05 Jul 2012 08:55 PM PDT Asian markets fell Friday as apparently coordinated action by Europe and China to stimulate the global economy failed to reassure wary investors ahead of US jobs data due later in the day. 
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| ‘Days of big bang reforms are over’ Posted: 05 Jul 2012 02:10 PM PDT C Rangarajan, chairman of the Prime Minister's Economic Advisory Council, has been a dependable aide of Manmohan Singh for several years. He was RBI governor when Singh announced two rounds of rupee depreciation in July 1991. Now, with the PM taking charge of the finance ministry, Rangarajan is once again busy devising the revival of Asia's third largest economy. He sounds optimistic about growth prospects this year and says the government is taking steps to revive investor sentiment and growth. 
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