South Asia

India economy showing signs of improvement: OECD survey

The international economic outlook is showing tentative signs of improvement, with the momentum shift spreading from the United States and Japan to other developed countries, the OECD's December surve

Monday, February 13, 2012 (The Times of India)

IOC seeks compensation for petrol sale loss

India freed pricing of petrol in June 2010 but continues to subsidise prices of gasoil, kerosene and cooking gas to protect the poor from the impact of any inflation pressures.

Monday, February 13, 2012 (The Times of India)

Investors peer past gloom, eye Asian economic rebound

If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would

Monday, February 13, 2012 (The Times of India)

Rupee strong against dollar

The US dollar ended cheaper against the rupee at Rs 49.19/20 per dollar and the Pound Sterling also finished lower at Rs 77.76/78 per pound at the close of the Interbank Foreign Exchange market (Forex

Monday, February 13, 2012 (The Times of India)

Oil imports: India-Iran work out rupee trade mechanism

Indian and Iranian governments have worked out Rupee trade mechanism for payment of India’s total crude imports from the latter in Rupees rather than convertible currency – the US Dollar normally

Monday, February 13, 2012 (The Times of India)

SAIL Q3 profit down 43% on costlier raw material, forex loss

Hit by costlier raw material and forex loss, state-run SAIL on Monday reported 43 per cent dip at Rs 632 crore in profit in the third quarter of this fiscal.

Monday, February 13, 2012 (The Times of India)

Sensex closes 24 points up in volatile trade

In choppy trade, the Bombay Stock Exchange benchmark Sensex on Monday closed 24 points up led by metals and auto stocks on continuing FII inflows.

Monday, February 13, 2012 (The Times of India)

Govt to sell stake in ONGC, BHEL to raise Rs 14,500 crore in FY'12

The government is moving ahead with plans of disinvestment in blue-chips ONGC and BHEL through the auction route to raise about Rs 14,500 crore within the current fiscal itself.

Monday, February 13, 2012 (The Times of India)

SBI Q3 net profit up 15%, beats forecast

State Bank of India, the country's biggest lender, beat market expectations with a 15 percent rise in third-quarter net profit as interest income rose.

Monday, February 13, 2012 (The Times of India)

Rupee advances by 11 paise vs dollar

The Indian rupee advanced by 11 paise to 49.31/32 against the US currency in view of selling of dollars by banks and exporters.

Monday, February 13, 2012 (The Times of India)

The Intelligent Investor
Economic Monitor