economy
Sensex rebounds; up 150 points in early trade
The BSE benchmark Sensex recovered by over 150 points in early trade on Tuesday, led by gains in power, capital goods and banking stocks, on fresh buying by funds and retailers after two sessions of l
IMF lowers India's growth forecast for 2012-13
The International Monetary Fund has lowered India's economic growth forecast by 1 per cent to 5-6 per cent for 2012-13.
The IMF in its latest World Economic Outlook report said, "Growth in India is p
India moves to dismantle stifling infrastructure controls
India looks set to begin dismantling a complex web of regulatory requirements that throttle its infrastructure growth, with plans to set up a special body this week to speed up projects in a sector se
Government to unveil 'credible, feasible' fiscal plan
India will unveil a 'credible and feasible' fiscal consolidation path for the next five years, Finance Minister P. Chidambaram said on Monday, days after a government panel said the economy was on the
Govt. committed to a well-regulated financial market: Chidambaram
Finance Minister P. Chidambaram on Saturday said the UPA government is committed to a well-regulated financial market and help entrepreneurs to raise capital to achieve higher growth.
Chidambaram, wh
Sensex hits fresh 15-month high on second phase of reforms
Rising for the fifth straight day, the 30-share Sensex touched fresh 15-month high after the government unleashed a second wave of reforms on Thursday deciding to open the pension sector to foreign in
Rupee continues to rule firm against dollar, up 24 paise
The rupee erased some of the early gains in late morning trade on Friday, but was still up by 24 paise at 51.50 a dollar on persistent selling of the American currency by banks and exporters amid stro
IMF cuts India growth forecast to 6% for 2013
The International Monetary Fund will lower its forecasts for global economic growth to 3.3 per cent in 2012 and 3.6 per cent in 2013 from earlier forecasts of 3.4 per cent and 3.9 per cent respectivel
Re rebounds to 51-mark after 5-1/2 months; ends 42 paise up at 51.74
The rupee on Thursday bounced back to 51-level after five-and-a-half months by gaining 42 paise to close at 51.74 against the US dollar stocks amid hopes that the Cabinet will clear the next wave of
Cabinet clears pension, insurance reform for parliament
The cabinet approved bills for foreign investment in insurance and pensions on Thursday in the latest move by Prime Minister Manmohan Singh to restore confidence in the flagging economy, but the refor
