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ADB cuts India’s GDP growth forecast for fiscal to 7.4 percent

New Delhi, Sep 22 (IANS) The Asian Development Bank (ADB) on Tuesday lowered India’s growth projections for the current fiscal to 7.4 percent, from the 7.8 percent earlier, basing its estimates on weak monsoons, poor external demand and government’s failure to carry forward reforms legislation in parliament. “Weak monsoon, flagging external demand, and stalled parliamentary action

US, India can’t achieve economic vision without other: US

Washington, Sep 21 (IANS) Neither the US nor India can achieve its economic vision without the other, a top US official said here Monday as the two ...Full Article

US stocks open sharply lower after Fed decision

New York, Sep 18 (IANS) US stocks opened sharply lower Friday as investors were assessing the impacts of the Federal Reserve’s decision to leave short-term interest ...Full Article

Nearly $1 bn tourism loss after Bangkok blast

Bangkok, Sep 8 (IANS) The August 17 Bangkok shrine bombing cost nearly $1 billion in lost tourism revenue to Thailand, the tourism ministry said on Tuesday. In ...Full Article

Banking, insurance operations affected by nationwide strike

Chennai/New Delhi/Kolkata, Sep 2 (IANS) Banking and insurance services were hit on Wednesday as lakhs of bank and insurance employees across the country struck work in protest ...Full Article

Value buying buoys markets; Sensex up 291 points

Mumbai, Aug 25 (IANS) Strong economic fundamentals, value buying and attractive valuations boosted investor confidence in the Indian equity markets on Tuesday leading a barometer index to ...Full Article

China’s monetary easing stabilises rupee; touches 65.86-level

Mumbai, Aug 25 (IANS) Monetary easing in China, strong domestic economic fundamentals and a recovery in equity markets strengthened the Indian rupee to touch an intra-day high ...Full Article

Value buying buoys markets; Sensex closes 291 points up

Mumbai, Aug 25 (IANS) Strong economic fundamentals, value buying and attractive valuations boosted investor confidence in the Indian equity market – leading a barometer index to provisionally ...Full Article

Manufacturing uptick lifts India’s factory output faster

New Delhi, June 12 (IANS) Surprising industry expectations, an uptick in manufacturing pushed up India’s factory output to 4.1 percent in April, against 2.1 percent in the ...Full Article

Average homes price sold in April was $448,862, up 9.5 per cent on a year-over-year basis

National home sales rose 2.3% from March to April. Actual (not seasonally adjusted) activity stood 10% above April 2014 levels. The number of newly listed homes ...Full Article