In 2013-14, GDP growth is expected to recover from last year’s lows. The recovery however, critically hinges on normal monsoons, which would lift consumption growth. If the monsoons fail and agricult

New Delhi: Reeling under slowdown, India Inc. today hailed the Reserve Bank of India’s move to reduce repo rate and CRR by a quarter per cent, saying it will spur growth and ease the prevailing tight

Concerned over slowdown, finance minister Pranab Mukherjee on Tuesday said the government will make efforts to build broad consensus on reforms as the economy has resilience to overcome the problem.

Oct. 14: The Indian economy is expected to grow by 9.2 per cent in 2010-11 following impressive growth in the manufacturing and services sectors, Centre for Monitoring Indian Economy (CMIE) said he

Mumbai, July 27: Reacting positively to the moderate rate hike announced by the Reserve Bank today, shares of rate- sensitive auto and realty companies rose in the range of 1-3 per cent at mid-session

Mumbai, July 27: India's central bank hiked its main interest rates on Tuesday for the fourth time this year, raising the repo rate by 25 basis points and the reverse repo rate by 50 basis points, a s

Mumbai, July 27: Targeting to check the double digit inflation, RBI today hiked its short-term lending and borrowing rates by 0.25 per cent and 0.50 per cent respectively, a move that could put pressu

Mumbai, July 26: Public sector lender Union Bank of India today reported a growth of 36.01 per cent in net profit for the first quarter ended June 30 to Rs 601.42 crore.

It had posted a net profit of

New Delhi, July 26: The Reserve Bank is likely to increase key policy rates by at least 25 basis points in its first quarterly review of the monetary policy tomorrow to tame inflationary expectations.

New Delhi, July 26: A leading industry lobby Monday cautioned against raising the 26 percent cap in foreign direct investment, saying a decision on this "will require careful thinking and analysis".