Friday, January 11, 2013

Industrial output growth drops in November

Industrial output growth drops in November

Industrial output growth drops in November

Posted: 11 Jan 2013 01:57 PM PST

The country's industrial output growth fell in November, dragged down by sluggish manufacturing, mining and capital goods sectors, fuelling expectations of an interest rate cut later this month to bolster faltering growth.

Exports fall for eighth month in a row

Posted: 11 Jan 2013 01:53 PM PST

India's exports fell almost 2% to $24.9 billion in December, contracting for the eighth straight month, as demand in the US and Europe remained weak.

Chidambaram keen to discuss tax case of Vodafone

Posted: 11 Jan 2013 01:27 PM PST

The revenue department on Friday sent a reply to the Vodafone's representation on Rs 11,200 crore tax issue and also expressed its willingness to discuss the matter with company officials.

Airlines slash domestic fares by 50%

Posted: 11 Jan 2013 11:40 AM PST

A sudden bonanza greeted travellers on Friday as competing airlines slashed one-way domestic airfares to most destinations to Rs 2,100.

India 119th on economic freedom index: Report

Posted: 11 Jan 2013 06:49 AM PST

India has been ranked as the 119th freest country in the world out of 177 in the 2013 index of economic freedom, according to a report.

Rupee down 19 paise to 54.76 vs dollar

Posted: 11 Jan 2013 04:41 AM PST

Snapping its three-day upmove, the rupee today depreciated by 19 paise to close at 54.76 against the US dollar on weak industrial production data and rising trade deficit due to fall in exports.

Exports dip 2% in December

Posted: 11 Jan 2013 04:38 AM PST

Declining for the eighth month in row, exports contracted by 1.92 per cent in December 2012 to $24.8 billion, widening the country's trade deficit to $17.6 billion in the same month.

Gold prices near their lowest level in a week

Posted: 11 Jan 2013 03:48 AM PST

Indian gold futures slipped on Friday to trade near their lowest level in a week, but price declines were not enough for importers to book the metal ahead of weddings and festivals. Silver also fell from the highest level in a week.

Sensex ends flat; Infosys up 17%

Posted: 11 Jan 2013 03:46 AM PST

After an action-packed day, the BSE benchmark Sensex today registered probably the most negligible change in its history -- 0.09 points -- from its previous close to end the day at 19,663.64, though Infosys recorded its biggest ever rise of almost 17 per cent.

Kingfisher revival plan not enough to restart operations

Posted: 11 Jan 2013 03:40 AM PST

Kingfisher Airlines planned investment of 6.5 billion rupees as part of a plan to return the airline to the skies is not enough to restart operations at the troubled carrier, a senior aviation regulatory official said.

Govt not satisfied with Kingfisher's investment plan

Posted: 11 Jan 2013 12:11 AM PST

Government is not satisfied with Kingfisher Airlines' plans to invest Rs 650 crore to resume its operations as it may not guarantee an efficient and reliable service, a senior DGCA official said today.

American Express to axe 5,400 jobs globally

Posted: 10 Jan 2013 10:32 PM PST

American Express has said that it will cut 5,400 jobs worldwide by the end of 2013.

Rupee up 6 paise vs dollar

Posted: 10 Jan 2013 10:31 PM PST

The rupee was trading up by 6 paise to 54.51 in late morning deals today on steady dollar selling by banks and exporters amid firm equities and weak US currency overseas.

Infosys shares surge on better outlook

Posted: 10 Jan 2013 10:26 PM PST

Infosys on Friday reported a stronger-than-expected quarterly profit and gave an improved outlook for annual revenues, sending its shares soaring.
Posted by Harshad at 9:09 PM

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