Food prices drive consumer inflation to 11.24 pct in Nov
Published on Thursday, December 12, 2013 6:10 PM
NEW DELHI - Sharply higher food prices drove India's annual consumer price inflation to a higher-than-expected 11.24 percent in November from 10.17 percent in October, government data showed on Thursday. ...
Economists in a Reuters poll had estimated consumer inflation for the month to ease to 10 percen
RBI deputy Khan: oil payments to Iran to be staggered
Published on Thursday, December 12, 2013 5:14 PM
KOLKATA, India - India will make staggered payments to Iran for oil imports and is still waiting for a recommendation from Iranian central bank authorities on the mode of payment, Reserve Bank of India (RBI) Deputy Governor H.R. Khan said on Thursday. ...
Khan added India did not have much in payments left
Tata Motors shares slump; JLR unit says to hike capex
Published on Thursday, December 12, 2013 4:54 PM
Market Eye - Shares in Tata Motors Ltd slump as much as 5 percent after the auto maker said luxury unit Jaguar Land Rover Ltd would increase its capital spending to around 3.5 billion pounds to 3.7 billion pounds in fiscal year 2015 from an estimated 2.75 billion pounds in fiscal 2014. ...
However, the plan
Nokia factory freeze lifted; paves way for Microsoft deal
Published on Thursday, December 12, 2013 6:17 PM
NEW DELHI - A court on Thursday accepted an appeal by Nokia to release its local factory after it was seized by authorities in a tax dispute, removing a hurdle to the sale of the company's mobile phone business to Microsoft . ...
The plant in the southern city of Chennai is one of Nokia's bigg
BSE Sensex to touch 24,000 by end-2014: Reuters poll
Published on Thursday, December 12, 2013 6:16 PM
By Sarbani Haldar and Yati Himatsingka ...
BANGALORE - The BSE Sensex is forecast to scale new highs next year after elections, attracting offshore funds despite an expected rough period for emerging markets when the U.S. Federal Reserve shifts monetary policy, a Reuters poll showed.
Industrial output seen contracting in October
Published on Thursday, December 12, 2013 12:25 PM
By Rajesh Kumar Singh ...
NEW DELHI - India's industrial production is expected to have contracted for the first time in four months in October, a Reuters poll showed, a sign the economy remains fragile despite a modest rebound in the September quarter.
A Reuters poll of 26 economists predict
Just Dial gains on FTSE index entry
Published on Thursday, December 12, 2013 11:27 AM
Market Eye - Shares in search service provider Just Dial Ltd gain 2.2 percent after index compiler FTSE says it will include the stock in its FTSE AllCap index, effective from the start of trading on December 23. ...
FTSE also raised the 'investability weight' in its global equity index series of HC
High inflation in Nov set to keep pressure on RBI
Published on Thursday, December 12, 2013 12:18 PM
BANGALORE - Inflation is forecast to remain close to 9-month highs in November, a Reuters poll showed, putting further pressure on the RBI to follow up on its back-to-back interest rate hikes despite slowing economic growth. ...
The poll of 26 economists predicted India's November wholesale price inflat
Sensex falls most in three weeks
Published on Thursday, December 12, 2013 5:48 PM
By Abhishek Vishnoi ...
MUMBAI - The BSE Sensex fell more than 1 percent on Thursday to mark a third consecutive day of declines since hitting a record high at the start of the week as Tata Motors slumped after saying its unit Jaguar Land Rover would increase capital spending.