 |
The overall growth of Gross Domestic Product (GDP) at factor cost at constant prices, as per advance estimates, is estimated at 5 per cent in 2012-13. The growth rate for the first three quarters of the current financial year stands at 5 per cent. |
|
Overall growth in the Index of Industrial Production (IIP) was 0.6 per cent during February 2013. During April-February 2012-13, IIP growth was 0.9 per cent. |
|
According to the data released by Grant Thornton India, an accounting and consulting firm, the total merger and acquisitions (M&A) and private equity (PE) deals in the first quarter (Q1) of 2013 were valued at US$ 5.85 billion (219 deals). |
|
Indian employers report optimistic hiring plans for Q2 of 2013. With 31 per cent of employers expecting to increase staffing levels and 51 per cent anticipating no change, the resulting Net Employment Outlook stands at +30 per cent. |
|
The Reserve Bank of India (RBI) has announced that Navratna Public Sector Undertakings - ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) - will be allowed to make overseas investments in the incorporated joint ventures (JV)/ wholly owned subsidiaries in the oil sector. |
|
The Cabinet Committee on Investment (CCI) has cleared 25 exploration and production blocks, freeing Rs 24,900 crore (US$ 4.58 billion) investments, while also approving 13 power projects, entailing investments worth Rs 33,000 crore (US$ 6.07 billion). |
|
The Insurance Regulatory and Development Authority (IRDA) has removed the 10 per cent exposure limit on reverse repo transactions by insurers. |
|
The Government of India has approved two foreign direct investment (FDI) proposals amounting to Rs 89.33 crore (US$ 16.48 million) approximately. |
|
India is among the best cement markets in Asia, according to the Switzerland-based cement major Holcim. The company operates in India through group companies ACC and Ambuja Cements. |
|
India has become the largest milk producing country in the world in 1997 and her status has been counting since then. During year 2011-12, the estimated milk production in India stood at 127.9 million tonnes (MT). |