Author Archives: admin
Reliance Industries enters Hospitality Sector via EIH
Mukesh Ambani controlled India’s leading company Reliance Industries Limited (RIL) entered hospitality sector by purchasing 14.1% share in hotel group EIH for 217.5 million US dollars. EIH, which runs the luxury Oberoi and Trident chain of hotels is a the … Continue reading
India Q1 GDP grows at 8.8%
As per the latest report from Government of India, Indian Economy grew at 8.8% in April-June Quarter against 6 percent in the same period last year. Manufacturing posts 12.4% growth, Industry at 10.3 percent, Service sector at 9.7%, Construction Sector … Continue reading
Pantaloon Retail profit up 27.7%
Pantaloon Retail (India) Limited, is a leading retailer that operates multiple retail formats in both the value and lifestyle segment of the Indian consumer market. Headquartered in Mumbai, the company operates over 16 million square feet of retail space, has … Continue reading
Sensex ends below 18,000
Weak global cues and worries about US economic recovery fueled another sell of in Indian markets which dragged Sensex to below 18,000 levels ahead of crucial US GDP data. Even the US GDP data is not encouraging as US economy … Continue reading
US Economic Growth at 1.6%
In April-June 2010 period US Growth Domestic Product (GDP) grew only at 1.6% compared to last month initial estimate of 2.4 percent. But it is slightly better because analysts were expecting only 1.4%. But it is clear that US economy … Continue reading
Sensex ends 150 points down
Indian markets ended volatile session in the red as traders squared positions ahead of August series F&O expiry. Bombay Stock Exchange’s Sensex ended at 18167.13, down 144.46 points or 0.79 per cent. National Stock Exchange’s Nifty closed at 5456.15, down … Continue reading
US Stocks Drop after plunge in July Home Sales
US Stocks declined again on Tuesday after a disappointing report from Housing Sector. The National Association of Realtors said sales of previously occupied homes plunged in July to an annual rate of 3.83 million against economists estimate of 4.7 million, … Continue reading
CRR Rate, Repo Rate, Reverse Repo Rate
New RBI Rates : CRR Rate, Repo Rate, Reverse Repo Rate : The RBI on 20th Apr 2010 hiked short-term lending and borrowing rates and the portion of money banks deposit with it CRR Rate, Repo Rate, Reverse Repo Rate … Continue reading
RBI Credit Policy 2010, rbi rate hike
The Reserve Bank of India (RBI) today raised key interest rates by 25 basis points, as expected, tightening policy for the second month in a row as inflation heads towards double digits. RBI Credit Policy 2010
Business and Finance News
http://www.tagoos.in/news/business/