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The Full week was dull almost every day we saw a red stroke or a downtrend but an excellent pulback of 464 points on SENSEX i.e 5.5%. on Friday. The whole week markets were mainly down because of bad global cues. Inflation in single digits thats cool. Crude Oil sliped below 50$ before recovering. Thats [...]
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India will emerge stronger from the global economic crisis and global institutions must be made more representative of developing nations, Prime Minister Manmohan Singh said on Friday. In speech to a conference, Singh said the world had become more interdependent and the voice of developing nations must be heard in the high councils of global [...]
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Inflation fall marginally at 8.90 compared to 8.98 last week. Inflation slipped to single digit after 21 weeks at the beginning of this month. Analysts said a decline in global commodity prices, robust domestic agricultural output and a fall in demand in a slowing economy helped bring the rate to single-digits well ahead of earlier [...]
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JPMorgan has cut its forecast for India’s economic growth in 2008/09 and 2009/10, it said in a note on Monday, adding that it expects agressive rate cuts by the Reserve Bank to support the growth momentum. The Indian economy may grow 6.7 per cent in the year ending March 2009, JPMorgan said, down from its earlier [...]
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The financial meltdown will not spare any sector of the economy, but on the brighter side recovery could be just six to nine months away, Finance Minister P Chidambaram has said. India has been growing by 9 per cent and above for four straight years, but various estimates suggest that the impact of the economic [...]
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India’s industrial output probably grew 4.7 percent in September from a year ago, picking up some speed from August’s slowest pace in nearly a decade, but analysts said with major economies on the ropes the months ahead would be tough. The median forecast in a poll of 11 analysts was well above the 1.3 percent [...]
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“Many textile employees from all over India are in a pickle after the textile industry, which has warned the government of 5-6 lakh lay-offs due to the global downturn .”The main reasons are -Higher Interest rate.Global economic crisis.ET writes “ The Northern India Textile Mills Association (NITMA) said that none of its representatives was invited [...]
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After brainstorming with top world leaders in Beijing on the raging financial turmoil, Prime Minister Manmohan Singh has cautioned that India’s economy was also bound to feel the pain ‘sooner or later’ as “we are not in complete control.” “We are not in complete control. There are bigger players and we are victims of that. [...]
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