Govt corrects IIP growth rate twice in a day, April IIP at 2.3%

Last Updated: Thursday, June 13, 2013, 18:56

Correcting the industrial output figures twice within span of a few hours, the government on Thursday said IIP grew at 2.3 percent in April instead of 2 percent reported yesterday.

Govt revises factory output growth to 2.2% in April from 2%

Last Updated: Thursday, June 13, 2013, 14:02

Government on Thursday revised the industrial output growth rate to 2.2 percent in April from 2 percent released yesterday after a correction in recording of production data for electricity.

India Inc disappointed over poor IIP show; wants rate cut

Last Updated: Wednesday, June 12, 2013, 14:47

Expressing disappointment over decline in industrial production in April, India Inc on Wednesday pressed for rate cut by RBI to boost output and revive economic growth, besides speedy clearance of projects.

IIP slips to disappointing 2% in April; raises rate cut hope

Last Updated: Wednesday, June 12, 2013, 11:20

The decline in factory output has mainly been on account of dismal performance of key sectors like manufacturing, mining, power and capital goods sectors.

US construction spending goes up

Last Updated: Tuesday, June 4, 2013, 13:51

The estimated seasonally-adjusted annual rate of public construction spending was USD 258.8 billion in April, down 1.2 percent from the revised March figure.

Retail inflation based on CPI-IW eases to 10.24% in April

Last Updated: Friday, May 31, 2013, 21:08

Retail inflation for industrial workers has eased to 10.24 percent in April compared 11.44 percent in March this year mainly on account of decline in prices of petrol and mustard oil.

Tata Motors Group April global sales down 7.02%

Last Updated: Wednesday, May 15, 2013, 18:39

However, the company's passenger vehicles sales last month were lower by 16.40 percent at 41,272 units from 49,369 units sold in the corresponding month of last year.

'Inflation at 3-yr low unlikely to prod RBI in June'

Last Updated: Tuesday, May 14, 2013, 20:59

In the backdrop of a sharp fall in the headline inflation readings to the RBI's comfort level of below 5 percent and falling consumer price inflation (CPI), the central bank is unlikely to cut lending rates in the upcoming review next month, research firms said Tuesday.

Govt expects drop in gold imports by next month

Last Updated: Tuesday, May 14, 2013, 16:15

Terming 138 percent surge in gold imports last month as an "aberration", the government on Tuesday expressed the hope that appetite for foreign gold would subside by next month due to the high inventory costs.

Gold imports surge in April not sustainable: Analysts

Last Updated: Tuesday, May 14, 2013, 15:34

The massive spike in trade deficit caused by sharp rise in gold imports in April would not sustain and there is no need to get excessively worried over the data, analysts have said.

Consumer price inflation drops to 9.39% in April

Last Updated: Monday, May 13, 2013, 11:22

Falling for the second straight month, retail inflation declined sharply to 9.39 percent in April due to easing of prices of vegetables, edible oil and protein-based items.

Tata Motors sells just 948 units of Nano in April

Last Updated: Sunday, May 5, 2013, 10:47

Amid a slowdown of automobile market in India, Nano sales declined over 88 percent during the month compared to 8,028 units sold in April last year, according to the information provided by Tata Motors to the BSE.