Economy News

Honda India Aims To Ramp Motorbike Revenue To 30% By 2020

Honda Motor Co wants India to double its contribution in global motorcycle revenue by 2020, with the automaker now seeking to explore developing markets for low cost vehicles. Keita Muramatsu, president of Honda Motorycle **9** Scooter, announced on Tuesday a target of 30 percent in global sales, a 13 percent step-up in revenue that India is solely expected to deliver in eight years time. The announcement was made at Honda's launch of its new Dream Yuga motorcycle in the New Delhi capital,...

May 15, 2012

Unpaid Kingfisher Airline Pilots Go On Strike; Indian Aviation Sector In Crisis

Pilots of Kingfisher Airlines began to strike work on Thursday demanding payment of their long-pending salaries.

May 10, 2012

BSE Sensex Falls Again; S&P Rating Affects Indian Stocks

The BSE Sensex fell for a second session in a row on Thursday, as the investors get cautious after the rating agency Standard & Poor's cut India's outlook to negative from stable on Wednesday.

Apr 26, 2012

S&P and Moody's Give Contradictory Ratings on India's Outlook

Rating agencies Standard & Poor's and Moody's have caused confusion with their contradictory ratings on India's outlook. The former cuts India's outlook from stable to negative in its latest rating while the latter says it's stable.

Apr 26, 2012

Standard & Poor's Downgrades India's Outlook, Rates Negative; Don't Panic, Says Pranab

Standard & Poor's has cut India's outlook to negative from stable on Wednesday. The ratings agency downgraded the country's outlook on account of large fiscal deficit, not very impressive reforms, fall in stocks and rupee.

Apr 25, 2012

Pranab Mukherjee Clears Foreign Investors' Concerns Over India's Tax Amendments

Finance Minister Pranab Mukherjee addressing a gathering in Washington on Friday termed concerns of US investors over tax amendments in India as "unfounded".

Apr 21, 2012

India's economy Expected to Recover; More Repo Rate Cut Possible

Just on the heels of the Reserve Bank of India (RBI) cutting interest rates for the first time in three years by 50 basis points to boost economic growth, a poll conducted by Reuters expected India's economy to pick up this year. There is also possibility of RBI resorting to more cut in repo rate.

Apr 19, 2012

RBI Cuts Repo Rate by 50 bps, CRR Unchanged; What Experts Have to Say on Policy Move!

The Reserve Bank of India (RBI) threw up a big surprise with its annual Monetary Policy for 2012-13 on Tuesday by cutting interest rates for the first time in three years by a sharp 50 basis points. The move of the RBI was to boost the economic growth.

Apr 17, 2012

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India Gold Jewelers Back in Business, Ends 20-Day Nationwide Strike

Gold demand in India remained low after the country's gold bullion traders and jewelers ended their 20-day nationwide strike on Friday, but the gold entrepreneurs remained confident consumer interest on the precious safe haven yellow metal will pick up as the annual wedding season in the country begins.

Apr 10, 2012