Industrial production growth falls to 6 years low, sends alarm bells ringing

India's industrial production growth has sent alarm bells ringing, growing 3 percent in March from 14.8 percent a year earlier, and slowing from the previous month's 8.6 percent and well below market forecast of 6.2 percent, government data...

Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon

India's Finance Minister P. Chidambaram has assured that inflation is under control, Friday, even as government data showed that the nation's wholesale price index (WPI)-based annual inflation rate has risen to a new 42 months high of 7.61 percent in the 12 months ending April 26, 2008. (May 11, 08)

India's annual inflation rate hits 7.61 percent; Govt. bans future trading in essential commodities

India's wholesale price index (WPI)-based inflation rate has risen to a new 3 and 1/2 years high of 7.61 percent in the year ending April 26, 2008, marginally higher than previous week's annual rise of 7.57 percent and 0.07 percent lower than the figure it touched on Nov. 13, 2004, government data has revealed on Friday. (May 9, 08)

Indian steel makers agree to lower prices by 5-10 percent to fight inflation

In a bid to fight inflation which has touched a three and a half years high, steel makers in India have announced that they would be cutting prices for flat steel products by Rs.4,000/tonne while steel bars and rods used in construction will be cheaper by Rs.2,000/tonne. (May 8, 08)

Nasscom-Kearney study on IT-BPO industry identifies small cities with big potential

Nasscom or National Association of Software and Services Companies, the consortium that serves as the apex body of the Indian IT software and BPO industry, together with global management consulting firm AT Kearney has released a comprehensive assessment report of 50 locations in India suitable for the IT - BPO industry titled 'Location Roadmap For IT- BPO Growth: Assessment Of 50 Leading Cities.' (May 7, 08)

Indian IT and BPO industry gets a shot in the arm as Govt. extends STPI tax holiday scheme

The Indian government brought cheer to the IT and BPO industry on Tuesday by announcing a one-year extension of tax exemption for export-driven IT firms. (May 1, 08)

Fed cuts key rate by a quarter-point

The Federal Reserve cut a key interest rate by a quarter-point Wednesday, a smaller move than the aggressive easing it undertook earlier this year. There were signs the Fed may believe it has done enough to prevent a deep recession. (May 1, 08)

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