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Rupee posts best month in 17 yrs, seen gaining
January 31 2012
The rupee logged its best monthly gains in more than 17 years in January aided by a rebound in foreign fund inflows as investors bet on a monetary easing to accelerate growth in Asia's third-largest economy.
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Inflation may moderate to below 7 per cent by March
January 24 2012
Inflation may moderate to 7 per cent or little lower by March, R Gopalan, secretary, economic affairs in the ministry of finance said on Tuesday.
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Europe opening up to Indian IT services
January 23 2012
The European crisis is acting as a catalyst in driving offshoring from a region that has traditionally preferred onshore IT services. The strong Europe revenue numbers and client additions of Indian IT majors in recent times indicate that clients are viewing offshoring as a cost and efficiency lever.
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Asian Development Bank sets its annual investment plan for India at $2 bn till 2014
January 23 2012
Asian Development Bank said it plans to investment about $2 billion every year in India's infrastructure space between 2012 and 2014 although the country demands much more than this.
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India's trade with ASEAN to grow to $70 bn by 2012
January 20 2012
Trade between India and the ASEAN (Association of Southeast Asian Nations) countries is expected to grow to $70 billion in 2012, a senior external affairs ministry official said here on Friday.
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India's global trade to touch $750 bn in FY12
January 19 2012
India's merchandise trade is on way to touch $750 billion in the current fiscal, accounting for 68% of the country's $1.1 trillion economy which is fast integrating with the rest of the world.
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India will grow below 8% between 2011 & 2013: UN report
January 18 2012
The Indian economy is likely to grow at eight per cent per annum between calendar years 2011 and 2013, said an United Nations report released on Tuesday.
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Exports rise up 6.7% in December
January 17 2012
India's exports rose for the first time in five months, encouraging the government to reaffirm that it would achieve its $300-billion target for the year.
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India to launch $1 bn innovation fund by June-July
January 17 2012
India plans to launch a $1 billion fund by June-July, with an initial capital of 5 billion rupees ($97.02 million), to invest in innovations that can generate services and products to uplift the poor, a top government official told reporters on Monday.
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Inflation to fall to 6-7 pc by March end, says FM
January 16 2012
Encouraged by a sharp dip in December inflation, Finance Minister Pranab Mukherjee today said the declining rate of price rise indicates improvement in macro-economic parameters and projected March-end numbers at 6-7 per cent.
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