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IIP drops to -1.2%
Thu, Apr 13, 2017
IIP drops to -1.2%. Watch the full segment for more details.
Index of Eight Core Industries in February rose at its slowest pace since December 2015
Fri, Mar 31, 2017
Ministry of Commerce & Industry in a statement on Friday said that India's Index of Eight Core Industries stood at 180.1 in February 2017 rising by 1% as against the same month of last year. The index grew 4.4% between April 2016 to February 2017, data show.
India's core industries' output grew 3.4% in January 2017
Tue, Feb 28, 2017
Index of Eight Core Industries grew 3.4% in the month of January 2017 as against the same month of last year, Ministry of Commerce & Industry said on Tuesday.
IIP growth expected to see some uptick in January: Kotak
Sun, Feb 12, 2017
"The decline in IIP was partly owing to base effects, but mostly by demonetisation-led production contraction, especially in automobile production," Kotak Institutional Equities said in a research note.
Monetary Policy: Five reasons why RBI did not cut interest rates
Wed, Feb 08, 2017
In its sixth bi-monthly monetary policy the Reserve Bank of India (RBI) did not cut interest rates for the fifth month in a row on Wednesday. Here are a few reasons why RBI maintained status quo: 1. RBI expects inflation stickiness as broadly ‘discernible’
RBI may go for 25 basis points rate cut on February 8, in April: BofA-ML
Wed, Jan 18, 2017
The Reserve Bank of India (RBI) is expected to go in for a 25 basis points (bps) rate cut at its next monetary policy meet on February 8 -- as also in April -- says a Bank of America Merrill Lynch (BofA-ML) report.
RBI may cut repo rate by 25 basis points in February: HSBC report
Fri, Jan 13, 2017
With uncertanity over implementation of GST, rising crude oil prices and the challenging 4% CPI in medium term, Reserve Bank of India (RBI) may cut repo rate for the final time by a 25 basis points (bps) in the February policy, says a report.
HSBC pegs India's GDP growth at 6.3% in 2016-17 on note ban pains
Mon, Jan 09, 2017
Foreign brokerage HSBC on Monday projected sharply lower growth numbers for the year at 6.3%, way lower than the official CSO estimate of 7.1% for 2016-17.
Positive global cues, bargain hunting lift equities markets
Sat, Jan 07, 2017
"Sentiments remained up-beat with Finance Minister Arun Jaitley`s statement that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth," Desai explained.
Investors look forward to US Fed policy action, macro numbers
Sun, Dec 11, 2016
The outcome of US Federal Reserve meeting, domestic macro data and the global market trend will keep investors hooked this week, say experts.
India's factory output drops by 1.9% in October
Fri, Dec 09, 2016
The cumulative growth for the period April-October 2016 over the corresponding period of the previous year stands at (-) 0.3%.
India inflation likely cooled further in November after cash clampdown: Reuters poll
Fri, Dec 09, 2016
Despite the turmoil following the cash clampdown, India`s central bank surprised markets by eschewing a rate cut and leaving its key policy rate unchanged at 6.25 % this week, choosing to wait for more information before judging the full effects of the demonetization.
Indian economy grew 7.1% in April to Sept period of FY17: Sitharaman
Mon, Nov 28, 2016
India's economy grew at 7.1% in the first six months of the current financial year 2016-17 (FY17) despite subdued growth in the world economy, Union Minister Nirmala Sitharaman said on Monday.
Output index of 8 core industries rises 5% in September
Tue, Nov 01, 2016
The output index of eight core industries has risen 5.0% in September on account of growth in steel production and an increase in refinery products production.
Index of Eight Core Industries rises 3.2% in August
Fri, Sep 30, 2016
Index of Eight Core Industries comprising 38% of weight of items included in Index of Industrial Production (IIP) rose 3.2% in August 2016 as againt the same month of last year.
Monsoon to play rate-cut spoilsport?
Tue, Sep 13, 2016
Despite the retail inflation easing to a five-month low of 5.05% for the month of August, industry’s hopes of getting an interest rate cut from the Reserve Bank of India (RBI), might not be realised.
IIP declines by 2.4% in July after two consecutive months of growth
Mon, Sep 12, 2016
The data showed that IIP for the Mining and Electricity sectors for the month of July 2016 grew by 0.8% and 1.6% respectively, while the Manufacturing sector declined by 3.4% as compared to July 2015.
Indian markets continue to fall, Sensex tumbles over 440 points
Mon, Sep 12, 2016
Key equity indices closed in red ahead of IIP and CPI data on Monday. The 30-scrip Sensex fell 443.71 points or 1.54% to 28,353. While the bigger 50-scrip NSE Nifty was also down 1.7% at 8,715.60.
IIP posts second consecutive month of growth; up 2.1%
Fri, Aug 12, 2016
The factory output in India was up for a second consective month and had increased from last month's growth.
IIP back in green, up 1.2% in May
Tue, Jul 12, 2016
Index of Industrial Production (IIP), or factory output, in India in the month of May rose by 1.2%, Ministry of Statistics & Programme Implementation said.