Mumbai:
1) Inflation way above threshold level, says Subbarao
The headline inflation rate is way above the desired threshold level of Reserve Bank of India, central bank governor D Subbarao on Monday. He added that the RBI stance of monetary policy is aimed at restraining demand and managing inflation expectations. (Read here)
2) June inflation falls to 7.25 per cent, beats expectations
India’s headline inflation in June fell to 7.25 per cent, lower than projections, but still above the comfort level of the Reserve Bank. Food inflation continued to drive the headline number, growing at a stubborn 10.81 per cent in June, marginally higher than the 10.74 in May. Primary articles group, which has a 20.12 weightage and includes food, non-food and minerals groups, came in at 10.46 per cent. (Read why)
3) India reacts to Obama comments on economic reforms: 10 latest developments
United States President Barack Obama kicked off a firestorm in India after he expressed concerns on Sunday over the deteriorating investment climate in the country to endorse another ‘wave’ of economic reforms. Here is a quick rundown of his comments and the backlash.
4) Sensex falls 100 points, Nifty below 5200
Share prices slipped into red towards the close of trading session on Monday. This was despite a marginal fall in the headline inflation. (Market report)
5) Oil firms raise jet fuel prices by 1.7 per cent
Snapping a three-month trend of price cuts, state-owned oil firms on Monday hiked jet fuel rates by 1.7 per cent in line with firming international oil rates. (Know why)
6) Goldman Sachs trims 2012 global tech spending forecast to 3 per cent
Goldman Sachs trims its global technology spending forecast to 3 per cent from 4 per cent for calendar year 2012 after its June annual survey of the industry. (Details)
7) Tata Motors' global sales up 6 per cent in June
Tata Motors Ltd's global vehicle sales rose 6 per cent in June from a year earlier, the Indian company said on Monday, mainly helped by a 39 per cent rise in sales of its luxury Jaguar Land Rover vehicles. (Read more)
8) Rice crop may fall because of below-average monsoon: Pawar
Below-average monsoon rains may reduce rice output this year, as well as cut growth in the farm sector to below the government's target of four per cent, Agriculture Minister Sharad Pawar said on Monday. (Know more)
9) Barclays adds Hindalco to Top 10 Indian stocks list
Barclays Capital adds Hindalco to its top-10 stock picks in India, in place of Infosys, which was downgraded to 'equal-weight' following disappointment on its April-June results. (Here is a list)
10) Ford Motor recalls over 8,200 newly launched Escape vehicles
Ford Motor Co is recalling some of its recently launched 2013 Escape compact sport-utility vehicles because a carpeting flaw may cause drivers to apply the brakes improperly, increasing stopping distances and the risk of crashes. (Read here)
- Inflation way above threshold level, says Subbarao
- June inflation falls to 7.25%, beats expectations
- India reacts to Obama comments on economic reforms: 10 latest developments
- Sensex falls 100 points, Nifty below 5200
- Oil firms raise jet fuel prices by 1.7 per cent
- Goldman Sachs trims 2012 global tech spending forecast to 3 per cent
- Tata Motors' global sales up 6 per cent in June
- Rice crop may fall because of below-average monsoon: Pawar
- Barclays adds Hindalco to Top 10 Indian stocks list
- Ford Motor recalls over 8,200 newly launched Escape vehicles
1) Inflation way above threshold level, says Subbarao
The headline inflation rate is way above the desired threshold level of Reserve Bank of India, central bank governor D Subbarao on Monday. He added that the RBI stance of monetary policy is aimed at restraining demand and managing inflation expectations. (Read here)
2) June inflation falls to 7.25 per cent, beats expectations
India’s headline inflation in June fell to 7.25 per cent, lower than projections, but still above the comfort level of the Reserve Bank. Food inflation continued to drive the headline number, growing at a stubborn 10.81 per cent in June, marginally higher than the 10.74 in May. Primary articles group, which has a 20.12 weightage and includes food, non-food and minerals groups, came in at 10.46 per cent. (Read why)
3) India reacts to Obama comments on economic reforms: 10 latest developments
United States President Barack Obama kicked off a firestorm in India after he expressed concerns on Sunday over the deteriorating investment climate in the country to endorse another ‘wave’ of economic reforms. Here is a quick rundown of his comments and the backlash.
4) Sensex falls 100 points, Nifty below 5200
Share prices slipped into red towards the close of trading session on Monday. This was despite a marginal fall in the headline inflation. (Market report)
5) Oil firms raise jet fuel prices by 1.7 per cent
Snapping a three-month trend of price cuts, state-owned oil firms on Monday hiked jet fuel rates by 1.7 per cent in line with firming international oil rates. (Know why)
6) Goldman Sachs trims 2012 global tech spending forecast to 3 per cent
Goldman Sachs trims its global technology spending forecast to 3 per cent from 4 per cent for calendar year 2012 after its June annual survey of the industry. (Details)
7) Tata Motors' global sales up 6 per cent in June
Tata Motors Ltd's global vehicle sales rose 6 per cent in June from a year earlier, the Indian company said on Monday, mainly helped by a 39 per cent rise in sales of its luxury Jaguar Land Rover vehicles. (Read more)
8) Rice crop may fall because of below-average monsoon: Pawar
Below-average monsoon rains may reduce rice output this year, as well as cut growth in the farm sector to below the government's target of four per cent, Agriculture Minister Sharad Pawar said on Monday. (Know more)
9) Barclays adds Hindalco to Top 10 Indian stocks list
Barclays Capital adds Hindalco to its top-10 stock picks in India, in place of Infosys, which was downgraded to 'equal-weight' following disappointment on its April-June results. (Here is a list)
10) Ford Motor recalls over 8,200 newly launched Escape vehicles
Ford Motor Co is recalling some of its recently launched 2013 Escape compact sport-utility vehicles because a carpeting flaw may cause drivers to apply the brakes improperly, increasing stopping distances and the risk of crashes. (Read here)
