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
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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
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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
bse-sensex

BSE Sensex Falls Ahead of Long Weekend

The BSE Sensex fell by 0.45 percent in the opening trade on Wednesday because of the long weekend ahead. Traders are precautious, as the market will be closed on Thursday and Friday for holidays. Apr 4, 2012
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BSE Sensex Closes 2-weeks High; Lenders Anticipate Rate Cut

The BSE Sensex was up by 0.68 percent on Tuesday, its highest close in two weeks. Heavy Electricals (BHEL) gained after posting positive provisional earnings and lenders also expect the Reserve Bank of India (RBI) to cut rate this month. Apr 3, 2012
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