March 12, 2014 20:13 (IST)
Exports of petroleum dipped 10.36 per cent to $4.91 billion, while gems and jewellery exports dipped 4.18 per cent to $3.59 billion in February.
March 12, 2014 17:56 (IST)
According to the global professional services company, the sharp fall in the value of the rupee against the US dollar in 2013 contributed to reducing labour costs in India. It contrasts with China where the renminbi appreciated against the dollar.
March 12, 2014 17:37 (IST)
The recent trend of a decline in food prices however could be temporary as hail and heavy rains in the past two weeks have damaged crops.
March 12, 2014 16:59 (IST)
India's flagging economy delivered rare good news on Wednesday with a slight expansion of industrial production and further cooling in consumer prices, offering some respite to the ruling coalition before the general election next month.
New Delhi | March 12, 2014 15:11 (IST)
Many firms including India Infrastructure Finance Company, Shriram Transport Finance Company, India Infoline Finance, SREI Infrastructure Finance and Muthoot Finance tapped the NCD route more than once in the current fiscal. Interestingly, all the issues managed to raise more than their targeted amounts.
March 12, 2014 11:26 (IST)
Retail inflation is expected to ease further to a 25-month low of 8.35 percent in February from 8.79 percent in January on moderating vegetable prices. But industrial output is forecast to post a fourth straight fall in January, the longest phase of contraction that Indian factories have suffered in more than five years.
March 11, 2014 23:15 (IST)
A decline in exports, as witnessed in February for first time in eight months, is expected to continue for more time as the European Union has withdrawn preferential treatment to merchandise shipments from India, according to a report by State Bank Research.
March 11, 2014 23:04 (IST)
India's current account deficit is likely to narrow to a 6-year low of 2 per cent of its gross domestic product (GDP) this fiscal year (FY14), but may expand to 2.7 per cent in FY15 as imports pick up, rating agency Crisil said on Tuesday.
March 11, 2014 19:59 (IST)
Gems and jewellery exporters, who contribute to about 15 per cent of the country's total shipments, are demanding for the relaxations saying the curbs are impacting the exports.
March 11, 2014 18:22 (IST)
Leading foreign brokerage Credit Suisse has said it expects Indias retail inflation to fall further to 8.2 per cent in February from 8.8 per cent in the previous month, but warned that core inflation may remain elevated.
March 11, 2014 17:24 (IST)
Hiring activity in India improved further during February and going forward this momentum is likely to pick up significantly once the uncertainty around the elections are over, according to a report by job portal Naukri.com.
March 11, 2014 15:33 (IST)
Several months of rising exports have helped India bring down its current account deficit to a manageable level, and despite the weaker data in February, it is likely to beat last fiscal year's total of $300 billion in merchandise exports.
March 11, 2014 15:16 (IST)
Imports of the precious metals during April-February declined 41.47 per cent to $30.7 billion from $52.4 billion a year earlier.
March 11, 2014 13:04 (IST)
Imports continued to fall, driven by a decline in oil import bill and curbs on gold, the country's second-most expensive overseas purchase after oil.
Mumbai | March 10, 2014 16:21 (IST)
An improvement in operating efficiencies of HFCs helped them protect profitability during the quarter, but Batra added that decline in net interest margins and some rise in credit provisions could lead to a 0.15-0.20 per cent reduction in their profitability this fiscal.
Dubai | March 10, 2014 15:35 (IST)
China comes second with a value of $36.7 billion accounting for around 10 per cent, while the US is third with $23.4 billion, a 6 per cent share, followed by Saudi Arabia and the UK respectively with $23 billion and USD 15.2 billion.
New Delhi | March 10, 2014 15:12 (IST)
The services sector contributes over 60 per cent to India's GDP. Other sectors where inflows have declined include construction development, metallurgical industries and hotel and tourism.
March 10, 2014 13:25 (IST)
Moderating food prices are likely to have slowed inflation in India during February, giving the RBI some relief after it raised interest rates three times since September to dampen price pressures, a Reuters poll showed.
March 07, 2014 21:05 (IST)
The survey of households from which the jobless rate is derived showed a rise in the number of people without jobs, which accounted for the rise last month. The labor force participation rate was steady at 63 percent.
March 07, 2014 12:12 (IST)
Finance Minister P. Chidambaram and Reserve Bank of India chief Raghuram Rajan are addressing a press conference.