Economy News

gas-station

Petrol Price Hike In India: Rates Before And After Hike

The Indian Government Wednesday announced the single largest hike in petrol prices by Rs. 7.50 per liter (including tax). The hike price came into effect from midnight and has led to a nationwide protest with the common man, the government's allies and oppositions fuming over the issue. May 24, 2012
bse-sensex

BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks. May 21, 2012
rupee

Rupee Tumbles Short of 'Psychological 55' at Record Low of 54.99 to Dollar

Indian currency took another beating on Monday, sinking to a record low of 54.99 against the US dollar in the late afternoon trade session. The rupee stood at 54.96/97 to the dollar at 4:26 p.m. (1056 GMT), and had earlier plunged to the key psychological level of 55 to the dollar, Reuters said. May 21, 2012
indian-president-pranab-mukherjee

Pranab Mukherjee's Crackdown on Black Money; Tables White Paper in Parliament

Finance minister Pranab Mukherjee presented the much-anticipated "white paper on black money" at a Parliament session on Monday. Mukherjee's proposed move reflected an earlier promise made during his budget speech in the Lok Sabha where he said, I will try to give all the relevant and possible information". May 21, 2012

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
labourers

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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