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Economy facing temporary downturn, can grow at 8%: PM

Terming business mood in the country as unduly pessimistic, Prime Minister Manmohan Singh today said the Indian economy is facing a temporary downturn and can return to 8 per cent growth path with speedy and decisive government action.

Citi expects Sensex to hit 20,800 by Dec 2013


India in 2013 will be cacophonous; a mix of politics, impending elections, reforms and economic revival expectations, Citigroup said in report.

The investment bank expects Sensex to reach 20,800 by D

Economic growth declines to 5.3 per cent in July-Sept quarter


The Indian economy grew by 5.3 per cent in the July-September period of the current financial year (2012-13), pulled down by poor performance of manufacturing and agriculture sectors, showing persiste

Sensex crosses 19,000-mark


The Sensex on Thursday breached the19,000-mark for the first time in nearly two-months in early
trade on persistent fund inflows on expectations that the government will be able to push through eonomi

Investors richer by over Rs 1 lakh cr as shares surge


Investor wealth on Tuesday swollen by over Rs 1 lakh crore on all-round buying in stock market after credit rating agency Moody's said India's outlook is stable and agreement over debt relief package

Rupee hits over 2-1/2-month lows; further losses likely


The rupee slid for a fifth day on Monday and hit its lowest level in more than two-and-a-half months, weighed down by heavy dollar buying by oil refiners, with gains in the euro failing to offer much

Rupee to recoup in 2-3 months, RBI not likely to step in: FinMin


Even as the rupee plunged to a 10 -week low against US dollar on Friday erasing almost the entire gains it made since the recent reform waves, the Finance Ministry on Saturday expressed optimism of a

Govt source says fiscal deficit may widen more


A government source said the fiscal deficit could widen more than targeted for the year ending in March, potentially requiring additional market borrowing.

The government source said the fiscal defic

Sensex ends 131 points up; banks, consumer goods gain


A benchmark index for Indian equities markets closed 131 points higher Wednesday, led by buying support in banking, consumer durables and realty stocks.

The 30-scrip sensitive index (Sensex) of the B

Sensex trades flat; metals, capital goods stocks down

A benchmark index for Indian equities markets on Tuesday was trading flat in late afternoon trade following heavy selling in metal, capital goods and information technology (IT) stocks.

The 30-scrip

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.