Month: November 2013

30 Nov, 2013

India third quarter GDP growth stronger than expected | Friday, 29 Nov 2013 | 7:00 AM ET India’s economy grew by 4.8 percent in the third quarter year-on-year, narrowly beating analysts’ forecasts. Economists polled by Reuters had estimated the BRIC country grew by 4.6 percent between July and September. Moody’s Analytics had forecast 4.5 percent growth. (CNBC Explains: BRICs) India’s growth has disappointed in […]

Fed Reveals New Concerns About Long-Term U.S. Slowdown

By Rich Miller – Nov 26, 2013 Federal Reserve Chairman Ben S. Bernanke and his colleagues are suffering through their own form of cognitive dissonance: revealing new concerns about the economy’s long-term prospects even as they forecast faster growth in 2014. Worker productivity, a key component of an economy’s health, has risen at an annual clip of 1 percent during […]
26 Nov, 2013

India most attractive investment option, pips China, US

With relaxation in FDI norms to boost investor sentiments, India has emerged as the most attractive investment destination surpassing neighbouring China and the US, says a report. The global survey of leading consultancy firm Ernst and Young (EY) has ranked India as the most attractive investment destination followed by Brazil and China at second and […]

India to seek rupee trade payments to help currency

  By Manoj Kumar and Nidhi Verma NEW DELHI (Reuters) – India is preparing to lobby major trading partners including Japan, Iraq and Venezuela to accept rupee payments for some of their exports, one of a series of moves to stabilise the volatile currency and make it more globally acceptable. Restrictions on large transactions of […]

If Nifty achieves 6350, next target is 7000: Barclays

The impressive rally witnessed by Nifty in all likelihood will continue and the index may even see levels higher than 6350 in 2014, says Dhiren Sarin, Director of Technical Strategy of Barclays. Getting overtly bullish, he said Nifty can target 7000 if it crosses 6350 provided global conditions support. In the near-term, 6000 remains a […]