NEW DELHI : Global banking major BNP Paribas has said inflationary pressure in India will moderate early next year, but will stay above the Reserve Bank’s comfort level of around 5-6 per cent. “It is not until early 2012 when favourable base effect kicks in that spot inflation should genuinely fall back, but remain well […]
Foreign exchange (forex) reserves rose by $1.61 billion to hit an all-time high of $320.78 billion for the week ended Sep 2 on the back of nearly $3 billion jump in the value of gold reserves, official data showed. The forex reserves kitty has risen for the third consecutive week. The reserves had increased by […]
With the US and European debt crisis affecting sentiments across the world, the Indian real estate sector is likely to see a gloomy phase in the next 12 months and developers would face liquidity crunch, low sales and pressure on margins, consultant Jones Lang LaSalle said. The country’s leading realty consultant pointed out that the […]
Indian economy faces tough times in coming quarters and Finance Ministry might find it difficult to keep inflation in control. Major trouble for the Indian economy is the expected slowdown in demand in western countries. The export related sectors might feel major impact on earnings and margins. RBI has increased the base rates by 11 […]
As its strengthens the R&D activities, the country’s largest carmaker Maruti Suzuki India is aiming higher with plans to roll out a global car by 2017. “Our ultimate aim is to develop a car for the global market. With our new R&D centre at Rohtak getting ready, we will start working on a global car,” […]
India will have to take some tough and difficult decisions to achieve the proposed 9 per cent growth rate during the next plan period, from April 2012 to March 2017, Prime Minister Manmohan Singh said. Speaking at the meeting of the full Planning Commission, Mr. Singh also said that the second generation reforms would be […]