Category Archives: Economy

India’s November IIP springs in 5.9% growth !

After a steep slowdown in September industrial output growth at 1.9% and a sharp de-growth in October IIP data by 5.1%; its all cheers for India’s November industrial production figures which stood at a rosy 5.9%, led by rebound in the manufacturing output during the month. IIP Data from Aug-Nov 2011 Month  IIP Index Growth…Continue Reading

India’s October IIP de-grows by 5.1% !

India’s October IIP de-grows by 5.1% !

A sharp de-growth of 5.1% in October IIP data can be termed as confirmation of slowdown in the Indian economy marred by steep interest rates and dismal growth in factory output, plunging even below its 28-month low. Moreover, the slowdown in the economy led by weaker industrial output can be further gauged from the declining…Continue Reading

India November Exports at $22.3 bn; Trade deficit at $13.6 bn !

India November Exports at $22.3 bn; Trade deficit at $13.6 bn !

India’s November exports arrived at $22.3 billion and imports for the month stood at $35.9 billion, resulting in a net trade deficit of $13.6 billion. On a positive note, November trade deficit shrank substantially from October’s record $19.6 billion trade gap marred by lower Indian exports and shipments. Further, India’s exports rose 33.2% to $192.7…Continue Reading

Are you investing in Cash rich Indian companies?

Are you investing in Cash rich Indian companies?

Crisis and cash have a deep correlation with each other. After all, it all boils down to money. During 2008-recession, most investors have learnt their lessons hard way that ‘cash is king’ not only for equity market operations, but also for the corporate world. If a firm boasts of healthy cash reserves on its balance…Continue Reading

India’s September IIP data logs 1.9% growth !

India’s September IIP data logs 1.9% growth !

India’s September industrial output moved at a snail’s pace to inch higher by subdued 1.9% as against the same month last year. Adding to the woes, the IIP figures for August 2011 were revised downwardly to 3.6% from 4.1% marred by poor slowdown in manufacturing activity and decline in mining output. Moreover, India’s IIP index…Continue Reading

Italy debt crisis: Too big to bailout !

Italy debt crisis: Too big to bailout !

Even as the Greek problems refuse to subside for the ailing Euro zone, Italy’s $2.5 trillion debt has ballooned in front of the globe as too big to bailout economy. Italy is the third largest economy in the euro zone with a debt of 120% of their GDP. Looking at the tumultuous crossover of events…Continue Reading

S&P’s downgrade of Spain worsens Euro zone crisis!

S&P’s downgrade of Spain worsens Euro zone crisis!

Standard & Poor’s cut Spain’s long-term credit rating by one notch to “AA-”, from double A rating, on renewed concerns of Spain’s banking system and growing challenges for the country’s private sector in seeking fresh external financing. With this downgrade of Spain, the euro zone’s fourth largest economy (while Italy is third largest economy) has…Continue Reading

IIP August data at 4.1%; Moody’s raises an alarm!

IIP August data at 4.1%; Moody’s raises an alarm!

The August IIP data arrived at a weaker 4.1% from year-ago levels led by poor slowdown in manufacturing activity and decline in mining output. The July IIP number had come in at a dismal 3.3%on account of slowing growth and consumer demand. However, the July industrial output figures were revised to 3.84%. Moreover, industry experts…Continue Reading