Top economic news of the day

India Infoline News Service | Mumbai |

The total number of telecom subscribers in the country rose marginally to 922mn in January, on the back of increase in rural subscribers

Retail inflation for February came in at 8.1%, lower than 8.8% level in previous month. While rural inflation for February stood at 8.51%, urban inflation for the month under review stood at 7.55%. (BL)

Showing a ray of hope, industrial output entered positive territory and recorded a 0.1% growth in January after contracting for three months in a row. The marginal improvement in the index of industrial production was mainly on account of higher power generation and mining sector output, while manufacturing declined. (BL)

Rating agency Icra said difficulties being experienced in commercial vehicle, construction equipment and gold loans will result in non-bank lenders' credit growth from retail segment to halve in FY14 to 8-10%. (ET)

The total number of telecom subscribers in the country rose marginally to 922mn in January, on the back of increase in rural subscribers. The overall user base stood at 915.1mn at the end of December 2013, Telecom Regulatory Authority of India said. (ET)
 

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