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Raghuram Rajan unveils big initial package, promises more

RBI new chief Raghuram .jpg

Mumbai: New RBI Governor Raghuram Rajan on Wednesday came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets and hinted at a shift in focu

To say RBI is obsessed with inflation in inaccurate: Subbarao


New Delhi: Days before he steps down as Governor of RBI, a candid D Subbarao today characterised as "inaccurate and unfair" the contention that the central bank was "obsessed with inflation, obliviou

Air India generates cash surplus of Rs 460 crore in April-June

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New Delhi: A series of cost cutting measures and an aggressive marketing strategy have led Air India to generate cash surplus of Rs 460 crore in April-June on the back of a consistent growth trend si

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

Subbarao says inflation still running high


India's inflation rate of 7.5 per cent is still high, the central bank governor Duvvuri Subbarao said on Friday, adding the RBI was on alert to manage both growth and inflation.

India's headline infl

We have dispelled atmosphere of gloom and doom: PM


Prime Minister Manmohan Singh on Saturday said the government has dispelled the atmosphere of 'gloom and doom' and will soon announce steps to stave off investors' fears ensuing from taxations measure

Chidambaram for cutting wasteful expenses


After announcing a slew of reform measures to revive growth, India's finance minister P. Chidambaram has indicated that the Budget for 2013-14 would focus on cutting wasteful expenses and promoting investments.

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's services sector grows at fastest pace in 7 months


India's services sector expanded at its fastest pace in seven months as a spurt in new business encouraged firms to hire more staff, a survey showed on Thursday, suggesting the worst of the economic s

ADB lowers India's growth projection to 5.6 pc

Asian Development Bank (ADB) on Wednesday lowered India's growth forecast for the current fiscal to 5.6 per cent, from 7 per cent projected earlier, citing falling global demand and impact of delayed

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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.

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