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The Week That Was

India Infoline News Service | Mumbai | March 27, 2015 18:23 IST

The Indian equity market extended its losing streak for the third consecutive week even though Friday saw some sanity being restored in the market. The Nifty has now plunged over 8.5% while the Bank Nifty has corrected over 15% in the past three weeks.

FM stresses need for use of more Accounted Money

India Infoline News Service | Mumbai | March 27, 2015 17:02 IST

Finance Minister said that with the progress in the growth of economy, more and more people should be incentivized to use plastic money such as credit cards, Rupay cards and cheques or any other negotiable instrument.

High spectrum auction prices are credit negative for India's telecos: Moody's

India Infoline News Service | Mumbai | March 27, 2015 16:11 IST

The total price the operators paid for the spectrum is around 35% higher than the government's pre-set minimum prices and higher than in any previous Indian spectrum auction, according to DoT results released after the auction.

Changing trends in the Real Estate Market

Mumbai | March 27, 2015 14:40 IST

Property prices have traditionally been kept high due to the prevailing economic environment created by the government & bureaucracy.

Top economic news of the day - March 27, 2015

India Infoline News Service | Mumbai | March 27, 2015 08:33 IST

Top three telecom operators Airtel, Vodafone and Idea Cellular bought airwaves worth a total $13.6bn, or about 78% of the total airwaves sold in the auction. While Idea Cellular (Rs303bn) became the company with largest bid amount, Aircel (Rs22bn) was with the least amount in the list of eight bidders.

Rural wages to rise by around 6% y-o-y in 2015-16: Nomura

India Infoline News Service | Mumbai | March 26, 2015 15:26 IST

Stabilisation in rural wage inflation supports our view that much of the CPI disinflation is behind us, says Nomura

Gas it up! Gas-based power plants get new lease of life

India Infoline News Service | Mumbai | March 26, 2015 10:53 IST

The ministry has decided that gas-based power plants will be allowed to run at 30 per cent capacity by using expensive imported gas.

Governments gas pooling formula a step positive for the power sector

India Infoline News Service | Mumbai | March 26, 2015 09:16 IST

The formula incorporates support from pipeline companies like Gail which have agreed for cut in pipeline tariff and marketing margins, regasification terminal owners who will bear cut in regasification charges and state governments have agreed on cut in duties on gas.

Top economic news of the day - March 26, 2015

India Infoline News Service | Mumbai | March 26, 2015 08:39 IST

The Government hopes to auction a total of 1,000 new FM radio channels by 2016, with it already giving its nod to partial auctions of 135 channels in 69 cities in phase three of the process, said JS Mathur, Additional Secretary of the Union Information and Broadcasting Ministry.

Tamil Nadu pips UP & West Bengal in leather & leather products exports: Study

India Infoline News Service | Mumbai | March 26, 2015 08:33 IST

TN is rank 3rd in terms of per-factory employment as on an average each leather factory in the state provides employment opportunity to about 61 workers as against 101 in UP and 64 in WB.

India's industrial growth rate pegged at 1.8%: ASI

India Infoline News Service | Mumbai | March 26, 2015 06:39 IST

India's economy rose 5.1 per cent in 2012-13, 6.9 per cent in 2013-14 and is projected to grow 7.4 per cent in 2014-15 by advance estimates

Exim Bank of India raises US$ 500 million 5 year tenor

India Infoline News Service | Mumbai | March 25, 2015 15:53 IST

The issue attracted over US$ 1.6 bn of book across 140 accounts with significant participation from green investors and real money accounts.

India bank reforms positive but face implementation risks: Fitch

India Infoline News Service | Mumbai | March 25, 2015 14:16 IST

Government has taken steps to improve management at public sector banks since the publication of a Reserve Bank of India (RBI) committee report reviewing and making recommendations on bank board governance standards in May 2014.

India Has More Upside Potential Than China: Medha Samant, Fidelity Worldwide Investment

India Infoline News Service | Mumbai | March 25, 2015 13:05 IST

Samant added that they are bullish on India on a long-term basis as cyclical upside will drive the market from here on.

India Credit spotlight! Plenty of growth opportunities for top corporates

India Infoline News Service | Mumbai | March 25, 2015 10:52 IST

Many corporates are waiting for the government to put policy into action before investing further, says a report by Standard & Poor's.

We will open up sector step-by-step: Coal Secretary Anil Swarup

India Infoline News Service | Mumbai | March 25, 2015 10:12 IST

The Ministry of Coal is looking forward to an action-packed year as it targets to allot all of the 204 coal blocks, which were earlier canceled by the Supreme Court.

India is our top favorite in emerging markets: Hans Rademaker, Robeco Group

India Infoline News Service | Mumbai | March 25, 2015 10:09 IST

Rademaker believes that India has least to worry about strengthening of the Dollar. He added that the impact on India will be minimal as against Russia or Brazil as he sees no pressure on the RBI to hike interest rates if the Federal Reserve starts doing so.

Transparent bidding route for regulator for CGD: S. Krishnan

India Infoline News Service | Mumbai | March 25, 2015 09:08 IST

The current scenario of under utilization of pipelines is essentially due to lack of demand, added Chairperson of PNGRB.

Top economic news of the day - March 25, 2015

India Infoline News Service | Mumbai | March 25, 2015 08:07 IST

The Central governments ambitious plan to have mega food parks across the country took a big stride forward with 17 such parks awarded to State government bodies as well as private sector units.

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