New Delhi:
1) Drought delivers fresh blow to reeling economy
A summer drought makes a bad situation worse for an Indian economy already crippled by a sharp slowdown in growth, persistent inflation and a politically hamstrung government. (Read here )
2) Poor monsoon to pull down economic growth to 6%: Montek
Deficient monsoon is likely to pull down the economic growth in the current fiscal to about 6 per cent, from 6.5 per cent a year ago, the Planning Commission said Friday. (Know why)
3) US adds more jobs, but unemployment rate rises to 8.3 per cent
US employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring. (Read full report here)
4) Sensex up after 3 straight weekly losses, Nifty holds 5200
The BSE Sensex recovered over 150 points to close 10 points off the day's high Friday. It ended 26 points or 0.15 per cent lower, while the Nifty index declined 12 points to 5,216. The rupee, which had breached the 56 mark to hit a week-low, rebounded. It traded at 55.86 to the dollar at 3.50 p.m. (Market report)
5) Rupee posts third straight weekly decline
A late recovery helped the rupee gain on Friday, as demand for global risk assets recovered after the euro extended gains on the back of falling yields for Italian and Spanish debt. (Rupee's movements)
6) Jet Airways swings into profit, Q1 net at Rs 25 crore
Jet Airways, India's biggest domestic carrier, reported a surprise profit in the June quarter on the back of a higher other income component. (Earnings)
7) Uninor asset auction stayed till Aug 8
The Company Law Board on Friday stayed the auction of telecom firm Uninor’s assets till August 8, when it is scheduled to hold another hearing. (Read here)
8) Audi launches A8 4.2 TDI at Rs 1.1 crore
German luxury car maker Audi on Friday launched the A8 4.2 TDI in India. The vehicle will be priced at Rs 1.1 crore. (Details)
9) China, India service sectors counter downturn with steady growth
The services sectors in emerging powerhouses China and India grew in July at a healthy pace, providing vital support for the two economies as their manufacturing sectors struggle with the global downturn. (Know more)
10) European stocks recover from ECB disappointment
European shares and the euro staged a slight recovery on Friday from a big selloff provoked by the European Central Bank's failure to satisfy investors' hopes of swift action to tackle the debt crisis. (Full report)
- Drought delivers fresh blow to reeling economy
- Poor monsoon to pull down economic growth to 6%: Montek
- US adds more jobs, but unemployment rate rises to 8.3 per cent
- Sensex up after 3 straight weekly losses, Nifty holds 5200
- Rupee posts third straight weekly decline
- Jet Airways swings into profit, Q1 net at Rs 25 crore
- Uninor asset auction stayed till Aug 8
- Audi launches A8 4.2 TDI at Rs 1.1 crore
- China, India service sectors counter downturn with steady growth
- European stocks recover from ECB disappointment
1) Drought delivers fresh blow to reeling economy
A summer drought makes a bad situation worse for an Indian economy already crippled by a sharp slowdown in growth, persistent inflation and a politically hamstrung government. (Read here )
2) Poor monsoon to pull down economic growth to 6%: Montek
Deficient monsoon is likely to pull down the economic growth in the current fiscal to about 6 per cent, from 6.5 per cent a year ago, the Planning Commission said Friday. (Know why)
3) US adds more jobs, but unemployment rate rises to 8.3 per cent
US employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring. (Read full report here)
4) Sensex up after 3 straight weekly losses, Nifty holds 5200
The BSE Sensex recovered over 150 points to close 10 points off the day's high Friday. It ended 26 points or 0.15 per cent lower, while the Nifty index declined 12 points to 5,216. The rupee, which had breached the 56 mark to hit a week-low, rebounded. It traded at 55.86 to the dollar at 3.50 p.m. (Market report)
5) Rupee posts third straight weekly decline
A late recovery helped the rupee gain on Friday, as demand for global risk assets recovered after the euro extended gains on the back of falling yields for Italian and Spanish debt. (Rupee's movements)
6) Jet Airways swings into profit, Q1 net at Rs 25 crore
Jet Airways, India's biggest domestic carrier, reported a surprise profit in the June quarter on the back of a higher other income component. (Earnings)
7) Uninor asset auction stayed till Aug 8
The Company Law Board on Friday stayed the auction of telecom firm Uninor’s assets till August 8, when it is scheduled to hold another hearing. (Read here)
8) Audi launches A8 4.2 TDI at Rs 1.1 crore
German luxury car maker Audi on Friday launched the A8 4.2 TDI in India. The vehicle will be priced at Rs 1.1 crore. (Details)
9) China, India service sectors counter downturn with steady growth
The services sectors in emerging powerhouses China and India grew in July at a healthy pace, providing vital support for the two economies as their manufacturing sectors struggle with the global downturn. (Know more)
10) European stocks recover from ECB disappointment
European shares and the euro staged a slight recovery on Friday from a big selloff provoked by the European Central Bank's failure to satisfy investors' hopes of swift action to tackle the debt crisis. (Full report)
