VRITTAM ( 14 Oct 2015 - 20 Oct 2015)

Employment increases by 5.21 lakh in FY15; 64,000 in Jan-Mar  Employment in 8 sectors including IT/BPO, automobiles, gems & jewellery and textile rose by 5.21 lakh last fiscal, said a government report. IndiGo scrapes the bottom of the barrel; investors fume The fact that InterGlobe Aviation’s decision to more or less empty its coffers ahead of its IPO hasn’t gone down well with investors S&P keeps India’s rating...

Read More

VRITTAM ( 6th OCT 2015-13th OCT 2015)

IIP grows at 6.4% in August; inflation quickens to 4.41% in September  India’s factory output and retail inflation accelerated in Aug and Sep, respectively, indicating gradual economic recovery and building pricing pressures How it went down at Bank of Baroda  The transfer took place under a rule that allows up to $100,000 in transfers as prepayment for imports, says a senior official at the bank Coffee Day, IndiGo...

Read More

VRITTAM (28 September 2015 - 5 October 2015)

Germany Pledges billions for India's Growth India and Germany on Monday agreed to enhance ties in key areas of defence manufacturing, trade, intelligence and clean energy during wide-ranging talks between Prime Minister Narendra Modi and German Chancellor Angela Merkel after which 18 MoUs were inked.  India cuts interest rates more than expected as RBI "front-loads" The Reserve Bank of India (RBI) cut its policy interest rate...

Read More

VRITTAM(24 Aug 2015- 30 Aug 2015)

               Manufacturing sector growth improves in August: SEBI The country's manufacturing sector growth improved both in terms of month-on-month as well as yearly basis in August, an SBI research report said, adding that mining and electricity are still acting as a drag on the economic activity.  India Sign Pact to Lay Oil Pipeline to Nepal India today signed an agreement to lay...

Read More

VRITTAM(18 Aug 2015- 24 Aug 2015)

Biggest Sensex Crash Since 2009 Wipes Out 7 Lakh Crore of Investors' Wealth The BSE Sensex slumped 1,625 points or nearly 6 per cent on 24th August - marking its biggest percentage fall since 2009. In terms of absolute value, it was the third worst day for Sensex. The rupee sank to a fresh two-year low of 66.74 per dollar. The selloff in markets was triggered by a global meltdown in risk assets. Yuan devaluation, China slowdown a worry:...

Read More

VRITTAM (10 NOV 2014 - 16 NOV 2014)

VRITTAM  (10 NOV 2014 - 16 NOV 2014) THE WEEKLY FINANCIAL NEWS  WPI inflation in Oct falls to five-year low Inflation based on the Wholesale Price Index (WPI) eased to a five-year low in October which, coming on the back of other positive data released this week, will put additional pressure on the Reserve Bank of India (RBI) to reduce borrowing costs to support a nascent economic recovery. Wholesale price inflation moderated to 1.77%...

Read More