Some bank bulls grow wary on policy uncertainty
(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. ... read more »
State-owned carrier Air India understated losses – CAG
NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March 2015, the federal auditor said in a report, highlighting the carrier’s financial distress. ... read more »
India’s Avenue Supermarts IPO oversubscribed 106 times
MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the company’s strong credentials and with a continued momentum from recent share offerings. ... read more »
India’s industrial output up 2.7 percent in January
NEW DELHI (Reuters) – India’s industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday. ... read more »
More from Economy
GDP growth to persist in 4.5-5% range in 2014: Nomura
The economy is unlikely to see any major pick in 2014 and may end up with about just 4.5-5 per cent growth due to the ongoing fiscal and monetary policy tightening, says a... read more »
One toll tag for Delhi-Mumbai national highway from August
zip across Delhi-Mumbai highway without stopping at any of the toll plazas with a single radio frequency identification (RFID) tag. Electronic toll collection (ETC) at 50 toll plazas on the... read more »
Telecom department defers spectrum auction to Feb 3
New Delhi – The Department of Telecommunications (DoT) has extended the dates of auction of spectrum in 1,800 megahertz (MHz) and 900 MHz bands. The auction will now start on Feb 3,... read more »
China to be world largest economy in 2028
Beijing – China is expected to overtake the US in 2028 to become the world’s largest economy while India is predicted to overtake Japan that year for the third place in the same... read more »
Sensex gains 136 points during pre-noon session
Mumbai – A benchmark index of Indian equities markets gained 136.33 points or 0.65 percent during the pre-noon trade Friday. Good buying was seen in IT, banking index (bankex) and technology,... read more »
