India's industrial production grew by 1 per cent in December, official data showed on Friday. According to the Index of Industrial Production (IIP) data, the manufacturing sector output grew by 1.6 per cent in December 2020.
Finance Minister P Chidambaram, while addressing the Carnegie Endowment for International Peace on "Recapturing India's Growth Momentum" in Washington on Thursday, said that the leading think tank need not launch an initiative to explore how India will vote in 2014, declaring that the Indian polity will vote the Congress back into power.
C Rangarajan, chairman, Prime Minister's Economic Advisory Council tells Business Standard that the measures taken by the government will lead to economic growth of at least 6 per cent in FY14 against a decadal-low growth of 5 per cent in FY13.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
Electricity generation has outperformed the industrial production index for five months in a row this financial year, even as the broader economy is struggling to grow.
Euro-zone growth could improve because of (a) reduced pace of fiscal tightening and (b) stronger exports, but weak domestic demand and a fragile banking system could increase deflation risks that could force the European Central Bank to turn further accommodative.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
More and more CSR is being defined by how a company runs its operations and makes its profits; and just firms donating money to charities.
The increase in production will be from the existing mines.
Out of 30 key export sectors, as many as 22 showed negative growth in September.
Retail inflation inches up to 3.77%; IIP growth dips to 3-month low
Growth of capital goods at 9.6 per cent is inspiring as the investment cycle is expected to rebound in the coming months.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
The second wave of the pandemic in the country has derailed the recovery momentum of the domestic auto industry, which was poised for a comeback in the current fiscal after witnessing the two consecutive challenging years, ratings agency ICRA said on Thursday. Unlike the first wave where infections were largely localised to urban clusters, the second wave has seen deeper and wider penetration, including into rural hinterlands. Accordingly, outlook for various segments has been revised downwards, it said.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
It is imperative to check the basics of a company before investing in it
The Supreme Court judgement will hopefully ensure that those in power and authority will hesitate before allotting precious natural resources that belong to each and every citizen of the country in an arbitrary and corrupt manner, says Paranjoy Guha Thakurta.
Large and small businesses alike have delivered low-key performances.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
Investors are sceptical that the economy could have picked up so much steam.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
'The Indian cement sector is the most energy-efficient worldwide, mainly due to modern technology used in the plants but also because of efficient monitoring of a plant's performance on a daily basis, focusing on energy savings and carbon dioxide emission reductions.'
Ishan Bakshi studies the Budgets of six states, their expenditure priorities and outlays to understand the trend.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Sensex closed the day 416 points higher.
Biggest contribution came from Bharti group-led Satya Electoral Trust.
Optimism about a stable govt at the Centre, a demand revival and falling oil prices buoyed the markets.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
Mid- and small-cap companies seem to have done better than top-tier companies
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
There are actually great similarities between the two PM
Governments encouraged motorists to switch to diesel in the belief that its superior fuel economy would outweigh the higher pollutants per litre burned.
The Goa CM knows running a coalition government while pursuing a development agenda will require a fine balancing act.
Rajan said RBI is in the process of creating a framework which will make the sustainable growth possible.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
It was the RBI which destroyed our $-job economy. It is for the RBI to resurrect it by instituting news ways of managing the INR, says Sonali Ranade
