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Editor's Desk India’s gross domestic product (GDP) growth for the December quarter has been estimated by the Central Statistical Organisation at 5.3% compared with 8.9% growth achieved in same quarter a year ago. The figure is also lower compared to 7.6% growth achieved in September quarter and around 6% growth being expected by most of the economists. … Read more Lower GDP takes its toll, Market declines with the news
In Jan-09, Shoppers Stop JV for Catalog Retailing in India, Hypercity Argos went out of Business. Several retailers have shutdown shop since then. Just a while ago Shoppers Stop has informed us that it has closed down its three ‘Crossword‘ stores located at Mumbai Airport, Shop in Shop store at Shopper’s Stop, Chennai and Shop … Read more Shoppers Stop closes its three Crossword stores
The Indian rupee opened at its record low of 50.69 per dollar on Friday, weighed down by dollar demand from oil marketing companies and importers to square up their month-end deals. It was last seen at 50.67/69 in initial deals. The local currency had closed at its all-time low of 50.45/47 per dollar as the … Read more Rupee opens at an all-time low of 50.69 on Friday
The Insurance Regulatory and Development Authority (IRDA) is currently developing an online platform where the policyholders can register their complaints, track its status and follow it up online. This service would be provided for both life and non-life policyholders. It could either be a link on IRDA’s portal itself or a separate website, IRDA officials … Read more IRDA’s Online facility for registering complaints against insurers
Highlights of the call For the quarter ended December 2008, on sequential basis, R Systems reported 5% growth in operating revenues at Rs 96.8 crore with de-growth in US$ terms by 9% to USD 19.1 million. The EBIDTA was up 32% Q-o-Q to Rs 14.6 crore with 15.1% EBIDTA margin (12% in Q3 FY09). The … Read more R Systems International Volume de-growth, a concern for the company
India is not likely to import fertilizers in the next five years as the country aims to be self-reliant with the revival of eight closed plants with more sops, requiring a total investment outlay of Rs 32,000 crore, according to fertilizer secretary Atul Chaturvedi. On the revival of plants, the broader gap of 6-7 million … Read more India likely to become self-reliant fertilizer hub: Fert Secy