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Standard & Poor’s on Friday warned that it may downgrade India’s sovereign rating to junk if the government fails to pursue reforms and rein in fiscal and current account deficits. File photo
S&P warns of rating downgrade
Retains India’s sovereign rating at ‘BBB -’ with a negative outlook, says there is a 1 in 3 likelihood of downgrade in 12 months
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Related: S&P sees India’s growth at 6.5 per cent in 2013 Editorial: From Standard to Poor
Feeder fund for IDFs under study: FM
India is exploring the possibility of setting up a London-listed ‘feeder fund’ for Infrastructure Debt Funds (IDFs), and is looking to work with the U.K. on increasing institutional investments in the sector, said Finance Minister P. Chidambaram.
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Related: Chidambaram on 3-nation tour
China State Grid to buy stake in Australia network
State Grid is the world’s largest utility company with annual revenue of $300 billion.
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Chandigarh,
May 18, 2013
Punjab, Haryana stare at lower wheat arrivals
What was supposed to be a bumper crop with a record target for wheat procurement has turned out to be a dampener with much lower quantities of wheat arriving in grain markets across Punjab and Har...
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BEIJING,
May 16, 2013
China pledges to fix trade deficit issue with India
China is sending an investment promotion mission and one of the biggest ever business delegations to India next week to accompany Premier Li Keqiang on his State visit, top officials said on Thurs...
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NEW DELHI,
May 16, 2013
CCEA to take up gas pricing issue
With the Cabinet Secretariat returning the proposal of the Petroleum Ministry for raising the domestic natural gas prices from the present $4.2 per million metric British thermal unit (mmBtu) to a...
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NEW DELHI,
May 16, 2013
Chidambaram on 3-nation tour
Continuing on his mission to tell India’s ‘fascinating growth story’ abroad to rake in foreign investment, Finance Minister Chidambaram, on Wednesday, left on a three-nation tour of the U.K., Fran...
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New Delhi,
May 15, 2013
India placed sixth in economic confidence: Survey
India’s economic confidence dropped last month due to plethora of corruption allegations against the Union government ministers and the country is now the sixth most economically confident country...
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MUMBAI,
May 14, 2013
Gold import curbs may hit small jewellers
The Reserve Bank of India’s (RBI) move to restrict import of gold consignments could impact smaller players in the gold and jewellery industry. The aim of the government is to moderate d...
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New Delhi,
May 14, 2013
Inflation drops to 4.89 % in April
For the first time since November 2009, wholesale price index-based headline inflation slid further to 4.89 per cent in April this year from 5.96 per cent a month ago following a significant easin...
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NEW DELHI,
May 13, 2013
Gold imports to be at 900 tonnes
India’s gold imports are likely to exceed last year’s level to around 900 tonnes in the current calendar year on higher demand despite government curbs on its shipments to rein in current account...
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New Delhi,
May 13, 2013
Mango export to US to touch 500 tonnes
Mangoes exports from India to the US are likely to touch a record level of about 500 tonnes this year, due to a strong demand and an expected sufficient supply of export quality fruit, according t...
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New Delhi,
May 13, 2013
Retail inflation slips to 9.39 per cent in April
Retail inflation, as measured by the Consumer Price Index (CPI), slipped markedly by one percentage point to 9.39 per cent in April this year from 10.39 per cent a month ago following a declining...
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States oppose ‘declared goods’ tag for mobile phones
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KOLKATA,
May 17, 2013
ITC Q4 profit up 19.4 %
For the first time, ITC’s non-cigarette business reported a profit, boosting the fourth quarter results of the multi segment conglomerate. For the quarter ended March 31, 2013, ITC posted a net pr...
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NEW DELHI,
May 16, 2013
Import tariff value of gold cut
In keeping with the subdued price trend in global markets, the government on Thursday reduced the import tariff value of gold to $466 from $472 per 10 gram pegged a month ago.Likewise, in th...
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FRANKFURT,
May 16, 2013
RBI to take note of falling inflation in next policy review
The Reserve Bank of India has said it would take into account falling inflation while deciding on policy initiative in its review next month.
“We certainly will take note of the softening...
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New Delhi,
May 15, 2013
Coming in June, inflation-linked bonds
There’s now an alternative avenue for those who in recent times were going in for investment in gold as a hedge against inflation. As promised by Finance Minister P. Chidambaram in the Union budge...
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PARIS,
May 15, 2013
Eurozone continues to be in recession for the sixth quarter
The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter longer than the calamitous slump that hit the eurozone during the financial cr...
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New Delhi,
May 14, 2013
Economy to see turnaround this fiscal: Montek
The sagging economy will see a turnaround this fiscal on the back of accelerating industrial production, improvement in global conditions and likelihood of good monsoon, the Planning Commission sa...
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MUMBAI,
May 13, 2013
NSE sees gold ETF trading worth Rs.691 cr
Registering a significant increase, gold exchange traded funds (ETFs) worth Rs.691 crore were traded on the National Stock Exchange on Monday.
Trading in gold ETFs jumped nearly 14 per ce...
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New Delhi,
May 13, 2013
Exports up 1.6 % in April
Exports grew for the fourth consecutive month, recording a growth of 1.6 per cent in April, but surge in gold imports pushed up the trade deficit to $17.7 billion. Exports in April stood at $24.16...
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Mumbai,
May 13, 2013
Reserve Bank places restriction on gold imports by banks
The Reserve Bank of India (RBI), on Monday, imposed restrictions on banks to import gold with immediate effect to curb the widening current account deficit (CAD).
“To moderate the demand...
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4 comments
May 12, 2013
Growth forecasts: fanciful or realistic
Economic growth forecasts for the current year (2013-14) by official and non-official agencies have started coming in at regular intervals. On May 3, the Reserve Bank of India (RBI), in its annual...
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Second major public sector port coming up in Nellore
2.5 % import duty on select metals
Diesel to cost 90 paise more
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VIDEO
Journalists from The Hindu and its sister publication Business Line interacted with Kris Gopalakrishnan, co-founder and executive co-chairman and S.D.Shibulal, CEO of Infosys at The Hindu office in Chennai on September 3, 2012. The senior executives of Infosys, at the time of posting this video the country's second-largest IT services company, spoke on a wide array of issues facing the company and the sector in general. In the video, Kris Gopalakrishnan talks about the emerging competition from China. Video: V. Ganesan
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Slideshow
The economic review released by Kerala's Finance Minister K.M. Mani shows a decline in primary sectors of agriculture and fisheries alongside an increase in the services sector as a share of the Gross State Domestic Product. Compiled by Deepalakshmi K.
