Earlier the council's outlook was 7-7.5 per cent for the year. Even the revised forecast is yet quite optimistic compared to other agencies.
In a boost to the sagging defence relationship between India and Russia, the two nations on Friday signed a contract for supply of 80 MI-17V-5 medium lift helicopters for the Indian Air Force. Valued at $1 billion, the agreement between the two sides comes at a time when New Delhi and Moscow are squabbling over several defence related deals signed earlier.
The trio could play a significant role in the global economy, which is facing a slowdown, Finance Commission chairman Vijay Kelkar said at a conference on Russia, India and China in New Delhi. The conference was held to throw light on common policy issues characterising each of the society, said Suman Berry, National Council of Applied Economic Research director general.
The domestic steel industry had been lobbying for a 10 per cent import duty to discourage imports and provide support to the falling domestic prices. According to steel industry, cheaper steel import was contributing to its sagging sales. Leading steel companies like Steel Authority of India Ltd and JSW have witnessed a 25-30 per cent dip in consumption demand.
A year after the Tata group took over the two of Britain's most iconic automobile brands, Jaguar and Land Rover, it is faced with newer and bigger challenges than it would have expected when it paid $2.3 billion to Ford for the acquisitions on March 26, 2008.
GM India is banking on the growing used car market in the country to bring incremental revenues amidst sagging sales of passenger cars in the aftermath of economic recession. General Motors clocked a sales volume of 65,702 units in the India market in 2008 as against its targeted sales of 85,000-90,000 units. The auto major had not set any sales target for 2009-10 but expected sales to be flat.
After contracting for the first time in 15 years in October, industrial production again crashed by two per cent in December against a growth rate of a whopping 8 per cent a year ago despite a stimulus package announced by the government to boost sagging demand.
The Indian textile industry, hit hard by recession in the United States and the European Union, said a steep 20 per cent rupee depreciation and the Rs 1,400-crore (Rs 14 billion) package has not helped in boosting sagging exports and demanded that the government should do more to help it come out of the woods.
'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.
A knee inflammation affected Saina Nehwal's movement in her second group game on Sunday that led to her crashing out of the Rio Olympics, and her personal coach Vimal Kumar said that the star player had to be administered a dexamethasone injection after the opening round match to curb the pain but it didn't have desired results.
The Chennai-based company is developing bikes in the range of 200cc and above to compete with Bajaj Auto's Pulsar range, which begins with the 150cc variant and ends with the 220cc model at the top of the ranks, sources, who declined to be identified, said.
Why wait for that first set of fine lines to make you sprint into action? With a little know-how and a few precautions, it is possible to delay the signs of age from showing on your face.
"Some 300-400 militants are in launching pads, ready to infiltrate into Jammu and Kashmir to keep the pot of militancy boiling and boost the sagging moral of the militants here," a source told PTI. The militants are in 18 launching pads mostly in Goi, Kotli, Nikial, Bindi, Samani, Dhallupar, Hijira, Sensakudiala Bhimber and Mamana along the LoC, they said. There are 26 militant training camps, including 21 along LoC and four along the international border, they said.
Gurmeet Choudhary, 24, plays Lord Ram in Sagar's New Ramayan on NDTV Imagine. He has done a Tamil movie, a music video and has just finished a film with Mukta Arts. He talks about how he got the role and how the character has made him popular.
The layoffs would mark the most aggressive step yet by Yahoo CEO Jerry Yang, who began a reorganisation to revive the company's fortunes after taking over from movie studio mogul Terry Semel in June 2007, the San Francisco Chronicle reported on Monday.
The Indian think-tank is planning to rope in a sports psychologist to boost the team's sagging morale in Australia.
Two days ago, Jayalalithaa had cancelled her visit at the eleventh hour saying that she was unwell and hence, giving former Andhra Pradesh chief minister Chandrababu Naidu centrestage in talks with Kalam.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
Mutual funds are sitting on a huge cash pile of Rs 22,908 crore (Rs 229.08 billion). The absolute cash levels for all existing equity funds rose by 17.4 per cent to Rs 16,642 crore (Rs 166.42 billion) in February 2008 from Rs 14,176 crore (Rs 141.76 billion), in January 2008. Even the cash as a percentage of the total corpus increased to 8.7 per cent in January 2008, from 7.6 per cent in December 2007. The rising cash levels indicate the cautious outlook of the fund managers.
Inflation rose to over nine-month high at 5.11 per cent for the week ended March 1, due to rise in prices of some manufactured items and aviation turbine fuel, dashing all hopes of interest rate cuts by the RBI to boost the sagging industrial production.The Wholesale Price Index-based Inflation rate stood at 5.02 per cent in the previous week and 6.51 per cent in the correspondingly week a year earlier.
Indian badminton star and Olympic bronze medallist Saina Nehwal was Thursday ruled out along withParupalli Kashyap from the 12th South Asian Games due to injury concerns, the Badminton Association of India (BAI) informed the local organisers in Shillong. "We've received a communication from BAI stating that the entire badminton squad except for Saina and Kashyap is arriving on Friday afternoon," SAG (Shillong) joint CEO FR Kharkongor told PTI. Saina and Kashyap are two of the top badminton athletes for the upcoming Olympic Games in Rio. Jwala Gutta has been confirmed as the captain of the Indian team by BAI President Akhilesh Das Gupta.
From Bollywood flicks to batting tips to having his mother by his side, Yuvraj Singh is trying his best to turn around his sagging career.
Pawar's presence will hopefully shore up the sagging morale of the Indian team which is facing a do-or-die situation.
The Reserve Bank of India (RBI) may opt for a 25 per cent cut in the repo rate, to prop sagging demand in the interest rate-sensitive durables sector in the mid-term review of its 2007-08 monetary policy on October 30.The likely reduction in the repo rate would take place despite concerns about inflation, which suggest that interest rates can be left unchanged, banking sources said.
Bollywood folks reveal fascinating stories about Irrfan and some shared unseen pictures.
If Govinda wants to give Bollywood's filmmakers a wake up call, he needs to do a film that showcases his acting talent, writes Syed Firdaus Ashraf.
A spectacular opening ceremony, reflecting the rich cultural traditions of Sri Lanka, marked the start of the 10th edition of the Games, in Colombo on Friday.
In a bid to boost sagging armament sales abroad, India on Tuesday invited foreign companies to collaborate with domestic defence production
Sooryan, Jayaram's new film directed by V M Vinu loses midway.
A wafer-thin plot and a pedestrian screenplay make Rajubhai uninspiring to watch.
The executive would seek to refurbish the party's image in the public's eyes.
Sushil struggled at the Jakarta Asian Games leading to questions on whether he was good enough to go any further at 36.
Williams, who had carried a packet of samosas with her when she shot into space on December 11, 2006, said she would like to have more of the spicy snacks.
Indian Olympic Association president Suresh Kalmadi said India would bid for the 2016 Olympic Games.
The mobile industry, with over 136 million subscribers and a 4 million new users adding up per month, is expected to turn the tides for the music industry.
In his first comments after resigning as RBI governor on December 10 last year amid sharp differences with the government, Patel said banks indulged in over-lending, while the government did not "fully play" its role, and also conceded that the regulator should have acted earlier.
Reliance Group's Anil Ambani, Godrej Group's Adi Godrej, chief of Sahara Parivar Subrata Roy Sahara and HLL CEO M S Banga held a brainstorming session with government officials to chalk-out a roadmap for the development of the state.
The victory lifted the bankmen from the bottom to 11th place in the 12-team National Football League.
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