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India Ratings expects GDP to grow 7.7% in FY16

India Infoline News Service | Mumbai | April 27, 2015 21:24 IST

Indi-Ra expects both wholesale price index (WPI) and consumer price index (CPI) based inflation to moderate to 2.4% and 5.6%, respectively, in FY16.

Daiichi Sankyo's India exit, a Credit Positive

India Infoline News Service | Mumbai | April 27, 2015 08:38 IST

A nearly complete exit from India will also free DSL from some tumultuous challenges it faced through its involvement with Ranbaxy. The challenges included recurring FDA sanctions on Ranbaxys India-based production facilities, which ultimately led to a complete ban on Ranbaxys US exports from India and a $500 million fine.

Indian petrochemical industry may touch $100 bn by 2020: ASSOCHAM

India Infoline News Service | Mumbai | April 27, 2015 08:32 IST

The domestic petrochemical industry is in the process of investing over $25 bn to meet the surging demand, besides to overcome the broad problems of infrastructure, power, water availability and others the Govt initiative of PCPIRs will greatly motivate the companies to invest them, ASSOCHAM said.

Top economic news of the day - April 27, 2015

India Infoline News Service | Mumbai | April 27, 2015 08:15 IST

Passenger car exports from India declined 1.66 % to 5,42,082 units in 2014-15 due to challenges in traditional overseas markets like Europe, Sri Lanka and Algeria.

PM reviews activities of Ministry of Culture

India Infoline News Service | Mumbai | April 25, 2015 09:51 IST

The Prime Minister, Narendra Modi called for focused development of presentation material on how India has contributed to environment protection through the ages.

Indian Economy - Prognosis FY16: CARE Ratings

India Infoline News Service | Mumbai | April 24, 2015 19:49 IST

Capital formation has been a major problem for the economy with a slowdown in investment by both the private sector and government. The gross fixed capital formation (GFCF) rate at current prices has come down continuously from 33.6% in FY12 to 28.6% in FY15.

The Week That Was

India Infoline News Service | Mumbai | April 24, 2015 19:34 IST

The market continue?d? to fall like ?a ?pack of cards with Nifty plunging 3.5% for the week. Uncertainty over the MAT issue spooked the Dalal Street. There were reports that IT authorities issued notices to several FIIs pertaining to their MAT liabilities for prior years.

GST bill tabled in Lok Sabha; Opposition stage walk-out

India Infoline News Service | Mumbai | April 24, 2015 15:43 IST

Members of Opposition including the Congress staged a walk out after their plea for referring the Constitution Amendment Bill to the Standing Committee was not accepted. AIADMK and BJD also opposed its consideration but did not walk out.

Gold pulled in two directions - Strong Dollar Vs Safehaven

India Infoline News Service | Mumbai | April 24, 2015 09:30 IST

However, on the other hand, the continuing economic uncertainy in Greece is still giving some support to Gold. If Greece cant make its loan payments next month then an exit from the Eurozone is still on the cards and that will give gold a boost as a safe-haven asset amid the fallout in Europe.

Top economic news of the day - April 24, 2015

India Infoline News Service | Mumbai | April 24, 2015 08:22 IST

The National Highways Authority of India will raise Rs.280bn in the current fiscal by issuing tax-free bonds.

India should assess "service" capabilities in the global perspective: PM

India Infoline News Service | Mumbai | April 24, 2015 08:20 IST

PM said India had vast potential to meet the skilled manpower needs of the entire world, and called for a careful mapping of global needs, which India could fulfil over the next decade.

Easier access to bank loans for MSMEs

India Infoline News Service | Mumbai | April 23, 2015 21:37 IST

The Ministry of Micro, Small and Medium Enterprises, and Small Industries Development Bank of India (SIDBI) have established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

GST bill likely to be tabled in LS tomorrow

India Infoline News Service | Mumbai | April 23, 2015 21:28 IST

FM Arun Jaitley has said that broad consensus indicated that states are in support of GST implementation, while meeting with Empowered Committee of State Finance Ministers.

Farm indebtness! Assocham welcomes FM's statement on issue

India Infoline News Service | Mumbai | April 23, 2015 17:44 IST

FM order to public sector banks to continue the interest subvention scheme for short-term loans of upto Rs. 3 lakhs to agriculturists

New report finds that smart maps are crucial to Indias smart city plans

India Infoline News Service | Mumbai | April 23, 2015 13:54 IST

Smart maps can help gain upwards of $8 billion USD, save 13,000 lives, and reduce one million metric tons of carbon emissions in urban India, according to a new Dalberg report.

Top economic news of the day - April 23, 2015

India Infoline News Service | Mumbai | April 23, 2015 08:45 IST

Telecom Commission, the highest policy making body of the Department of Telecommunications, has decided to refer back recommendations on spectrum sharing and trading to telecom regulator TRAI for further clarifications.

HSBC Flash China Manufacturing PMI falls to 1-month low in April

India Infoline News Service | Mumbai | April 23, 2015 08:34 IST

The estimate is typically based on approximately 85%90% of total PMI survey responses each month and is designed to provide an accurate indication of the final PMI data. April final PMI data will be released on 4 May 2015.

India's FY15 trade deficit remains contained, FTP to boost trade dynamics hereon: Rana Kapoor

India Infoline News Service | Mumbai | April 22, 2015 17:26 IST

The recently unveiled New Foreign Trade Policy for 2015-20 has adequately addressed the need of an underlying Common Economic Agenda running across policy program.

Cloud over rains?

India Infoline News Service | Mumbai | April 22, 2015 16:56 IST

A normal monsoon is crucial to push economic growth this year, given weak investment climate, tepid export growth and fragile consumption. Our base case, given a normal monsoon, is that agricultural growth will be 3% -- up from a weak base of 1.1% in fiscal 2015.

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