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Business News - Thu, May 24, 2012

 Business News in India - Indian Stock Market News, Economic & Financial News in India - 'Starve us to death, that's the government plan'

'Starve us to death, that's the government plan'
As we spoke to people from various walks of life, they all conveyed their anguish over this 'unreasonable hike' and slammed the government for mismanaging the economy.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Who pays the highest and lowest for petrol in India

Who pays the highest and lowest for petrol in India
Petrol prices in India are amongst the highest in the world.
The saga of the rupee and why it is falling
The proximate cause is the Budget, with its Black-Swan event of a 50-year rollback and retroactive taxation of deals. This strengthens the notion that India is still a Banana Republic, says rajeev Srinivasan.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Higher oil prices or higher EMIs? Take your pick

Higher oil prices or higher EMIs? Take your pick
A higher government borrowing will 'crowd-out' the private borrowing and push interest rates higher.
Rupee-dollar fluctuation a scam, alleges BJP
BJP National Secretary Kirit Somaiya alleged the current rupee dollar fluctuation was a major scam and it needed to be investigated by an expert group on a par with special investigation team.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Former Yahoo CEO's amazing home on sale!

Former Yahoo CEO's amazing home on sale!
Former Yahoo! CEO Terry Semel is planning to sell his magnificent sea facing mansion in Malibu.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Auto demand to be further skewed towards diesel

Auto demand to be further skewed towards diesel
The domestic car market, which sees sales of almost one diesel car for every petrol car sold, will see demand for diesel-powered cars to hit the roof.
Rupee down 21 paise vs dollar
The rupee on Thursday depreciated by 21 paise to 56.21 against the US dollar at the Interbank Foreign Exchange market in early trade, following strong demand for the American currency from importers amid concerns over deepening eurozone crisis.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Bangladesh finds new oil reserves in Sylhet

Bangladesh finds new oil reserves in Sylhet
The discovery has boosted morale of officials of the State-run Bangladesh Oil, Gas and Mineral Corporation (Petrobangla), the parent company of Bapex, who are hoping that other oil fields may be found in similar gas fields across the country.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Boeing 787 Dreamliner: First test flight for Air India successful

Boeing 787 Dreamliner: First test flight for Air India successful
A new Boeing 787 Dreamliner aircraft -- which is to be delivered to Air India -- has successfully completed its first test flight in South Carolina, the plane manufacturing company has said.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Despite stalled reforms, FDI inflows rise 34% in 2011-12

Despite stalled reforms, FDI inflows rise 34% in 2011-12
In 2011-12, FDI rose 34.4 per cent to $46.84 billion, compared with $34.84 billion in 2010-11 and $37.74 billion in 2009-10, according to data from the Department of Industrial Policy and Promotion.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Warren Buffet firm's Gujarat project hangs in balance

Warren Buffet firm's Gujarat project hangs in balance
The fate of US $ 245-million (approx. Rs 1,356 crore at current exchange rates) chlorinated polyvinyl chloride (CPVC) unit, proposed to be set up through a joint venture between billionaire investor Warren Buffet's firm, Lubrizol Corporation and Ahmedabad-based Astral Poly Technik Ltd, is hanging in the balance as there is no progress on the project since the announcement was made in September last year.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - How AI, Kingfisher crisis benefited Jet

How AI, Kingfisher crisis benefited Jet
The Centre for Asia-Pacific Aviation also expects India's airlines to post a combined loss of a whopping $1.4 billion, with Air India likely to be the 'worst performer' to report a loss of almost the entire amount of $1.3 billion.
Business News - Wed, May 23, 2012

 Business News in India - Indian Stock Market News, Economic & Financial News in India - This is what petrol will cost in the 4 metros

This is what petrol will cost in the 4 metros
This is the steepest ever hike in rates.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Petrol price hike is 'unjust and unilateral', says Mamata

Petrol price hike is 'unjust and unilateral', says Mamata
Banerjee, the chief of Trinamool Congress, the second major partner of UPA government, however, said her party would not topple the government.
Petrol price hiked by a massive Rs 7.54/litre
With rupee depreciation leading to jump in oil import bill, Petroleum Minister S Jaipal Reddy said on Tuesday there was an immediate need to raise fuel prices.
Petrol hike to hit inflation in the short run: PlanCom
Attributing the steep hike in petrol prices to declining value of rupee, Planning Commission on Wednesday said it will have immediate impact on the price situation but things will stabilise in the long run.

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Petrol price hike 'unreasonable': BJP

Petrol price hike 'unreasonable': BJP
Petrol price hike will have a cascading effect and prices are going to go out of control.
Petrol price hike evokes mixed reactions from industry
The steep hike in petrol prices evoked mixed reactions with a section of industry saying the move would further burden the comman man even as policy makers and experts felt the increase would benefit the economy in the long run.
Business News - Tue, May 22, 2012

 Business News in India - Indian Stock Market News, Economic & Financial News in India - Is US living on borrowed money? Its debt = $15 trillion

Is US living on borrowed money? Its debt = $15 trillion
The United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies.
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