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Economy

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India’s Avenue Supermarts IPO over...

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 »

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India’s industrial output up 2.7 p...

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 »

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Volkswagen, Tata Motors plan to cooperat...

Volkswagen, Tata Motors plan to cooperate in India

NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with Tata Motors to jointly develop auto components and vehicles for the Indian subcontinent and beyond. ... read more »

Doha Bank looking at setting up subsidia...

Doha Bank looking at setting up subsidiary in India

Doha Bank, one of the largest commercial banks of Qatar, is looking at the possibility of setting up a subsidiary in India, an top official of the bank today said. “Our long-term view is to set up a full scale subsidiary for our Indian operations which is needed to enter more cities”, Doha... 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... read more »

Telecom department defers spectrum auction to Feb 3

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

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... read more »

Sensex, Nifty surge most in 7 weeks on RBI hopes; rupee gains 0.6%

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 »