Indian Economy-News & Updates

[laman12345]

Is the movement from 56 to 54.5 called 'falling like a rock'? If so, I would like the rupee to fall like a rock forever.

I teach you. movement from 44 to 55.5 called "falling like a rock"

(Rupee drops almost 30% in 8 months)

 

[cloud_9]

India's GVK wins Australian state nod for coal rail line

(Reuters) - India's GVK Power & Infrastructure won approval on Wednesday from the Australian state of Queensland for a proposed 500-km rail line, clearing another hurdle for its $10 billion Alpha coal project.

The state is looking to speed approvals for projects in its Galilee Basin in central Queensland, where five major mines could produce more than 200 million tonnes of coal a year, putting it on par with the state's coal-rich Bowen Basin.

The state also approved a competing rail corridor proposed by coal rail transporter, QR National working with another Indian company, Adani Enterprises, to develop another mine in the untapped Galilee Basin.

"After exhaustive negotiations with all the mine proponents, I believe that the responsible development of the Galilee Basin can be achieved by defining an east-west extension of the QRN network and a north-south corridor to facilitate a new standard gauge line," Queensland Deputy Premier Jeff Seeney said in a statement.

In a statement, GVK chairman G.V. Krishna Reddy said, "This investment will deliver wider benefits as it provides both initial and additional capacity to satisfy both Galilee and Bowen Basin rail capacity requirements in the future."

GVK's Alpha coal project is the most advanced in securing government approvals, although it hit a snag this week when the federal government said it would take extra time to review the environmental impact of the mine, rail and port plan.

The state's decision on Wednesday means another project, the China First project being developed by billionaire Clive Palmer, will have to use one of his rivals' rail lines.

QR National said its plan is designed to make the rail system expandable to handle more than 200 million tonnes a year. (Reporting by Sonali Paul;Editing by Clarence Fernandez)

LNP vs ALP

 

[SpArK]

Sensex up 434 points, investors richer by Rs 1.3 lakh crore

Sensex up 434 points, investors richer by Rs 1.3 lakh crore - The Times of India

 

[laman12345]

Sensex up 434 points, investors richer by Rs 1.3 lakh crore

Sensex up 434 points, investors richer by Rs 1.3 lakh crore - The Times of India

drop 2000 points and then bounce back 434 points

= investors richer by Rs 1.3???

 

[SpArK]

drop over 2000 points and the bounce back 434 points = investors richer by Rs 1.3???

you have o idea of stock markets, dont ya.

During drops investor exit positions and enter when markets recover.

An entry yesterday and high sensex indices with gains in correct shares makes ppl rich.


Its not like your kindergarden marksheets.. its kinda complex.

 

[AbhijitSingh]

you have o idea of stock markets, dont ya.

During drops investor exit positions and enter when markets recover.

An entry yesterday and high sensex indices with gains in correct shares makes ppl rich.


Its not like your kindergarden marksheets.. its kinda complex.

let him be.. Share my happiness.. Made 3 K USD in last 2 days

 

[shuttler]

you have o idea of stock markets, dont ya.

During drops investor exit positions and enter when markets recover.

An entry yesterday and high sensex indices with gains in correct shares makes ppl rich.


Its not like your kindergarden marksheets.. its kinda complex.

it all depends on the point of exit and entry idiot! if a stock market drops by more than 2,000 points and
then back up by another 400+ points you cant really count the back up effect but not the free falling loses!

that means the market has vaporised more than it recovers!

drop 2000 points and the bounce back 434 points

= investors richer by Rs 1.3???

that's correct. either indians have no basic knowledge of how the stock market operates or open wide mouths pretending they are experienced but have no money to do so or BOTH!

Habitual bragging has no effect here!

It's also laughable to see large no of clueless indian cheerleaders

 

[SpArK]

it all depends on the point of exit and entry ! if a stock market drops by more than 2,000 points and
then back up by another 400+ points you cant really count the back up effect but not the free falling loses!

that means the market has vaporised more than it recovers!

Ok now tell me how a stock market crashes.

Is it automatic or investors including small traders selling in panic to reduce loss???

Again another one with no idea of whats talking ....and foot in mouth syndrome.


Also edited the part u call me idiot... because i dont like ppl calling harsh words in forum............. you, a-hole MF.

Green Signal for Bullet Train From Mumbai to Ahmedabad | news.outlookindia.com


Two ambitious rail projects - proposed elevated rail corridor in Mumbai and a bullet train between Ahmedabad and Mumbai - got a boost today as Prime Minister Manmohan Singh finalized the targets for key infrastructure projects in PPP model in railways.

At a meeting with ministers and secretaries of key infrastructure ministries, it was decided to flag off the elevated rail corridor project for Mumbai suburban service with a total investment of Rs 20,000 crore in 2012-13.

The elevated rail corridor is crucial for Mumbai as it aims to give a faster service to daily commuters in the metropolis.

However, Railway Minister Mukul Roy was not present in the meeting. Chairman Railway Board Vinay Mittal attended the high-level meeting chaired by the PM.

It was also decided to finalise the action plan for the 500-km high-speed corridor from Mumbai to Ahmedabad, said railway sources. The project is estimated to cost about Rs 60,000 crore.

Known as bullet train project, the train is expected to run at 350 km per hour speed reducing the travel time to four hours between the two cities from seven hours by Duronto, the fastest train at present.

 

[dearone4u_22]

Barring India, BRIC nations may be troubled in H2: JPMorgan - CNBC-TV18 -
As the erratic US economy continues to act up, all eyes will be on Fed Chairman Ben Bernanke as he testifies before Congress on Thursday. If the Fed decides it needs to act later this month, it could either extend its current program of selling short-term securities to buy longer-dated ones, known as Operation Twist, or it could embark on a third round of quantitative easing (QE).

However, Adrian Mowat, chief Asian and emerging equity strategist, JPMorgan finds no reason to suggest that the Fed will take any action to stimulate the US economy. Similarly, on the euro zone’s woes, he says, “I don’t think the ECB is likely to act ahead of the meeting at the end of this month between the European leaders.”

On our domestic issues, Mowat says inflation is slowly coming off and pessimism is beginning to wane. From the BRIC (Brazil, Russia, China, India) nations, he says Russia, Brazil and China will continue to be somewhat troubled going into the second half. Whereas, he says, there is an argument for certain emerging markets like India to do well in the second half of this fiscal.

Q: How does all this play out for the emerging market universe? There is talk of a flip in trade in the second half where perhaps EMs have a chance of outperforming versus traditionally strong markets like the US?

A: Yes, there is an argument for certain emerging markets to do well in the second half. I am still very conservative on the outlook for China’s growth and China’s property market will be a drag on China’s growth for quite a number of years and the government’s ability to stimulate that economy was massively overestimated at the beginning of the year. So I think China will disappoint, commodity prices will remain bleak and that will have an impact on places like Brazil and Russia.

In contrast, the commodity importing countries that have had inflation problems look as if they will be in a better macro economic environment. When we look at a place like India - big current account deficit, big oil and commodity import, hopefully the current account deficit will continue to narrow with the declining commodity prices. The fall in the rupee is equivalent to about a 100 bps of the repo rate, so that’s a stimulus as is the RBI’s actions already to date.

A lot of pessimism on Indian inflation is coming down. Our view is actually Indian inflation will be coming down. India looks well placed for this story. Maybe so does Turkey, the manufacturing sector in Mexico continues to look interesting, but Russia, Brazil and China will continue to be somewhat troubled going into second half. So I am not sure if it’s a broad EM rally but I think it will be much more country specific.

 

[Yeti]

Reliance to invest $18 billion in India, double its operating profit over next 4-5 years: Mukesh Ambani - The Times of India

Reliance to invest $18 billion in India, double its operating profit over next 4-5 years:

Reliance Industries has bought back 27 million shares to date, 22.5 percent of its share buyback target, chairman Mukesh Ambani said.The author has posted comments on this articlePTI | Jun 7, 2012, 12.02PM ISTMUMBAI: Reliance Industries on Thursday announced investment of Rs 100,000 crore in core businesses of petrochem and oil and gas as well as in new sectors of retail and telecom, to double operating profits in 4-5 years.

Addressing company shareholders, RIL chairman and managing director Mukesh Ambani said new projects in petrochemicals and refinery business would come online in the next 2 to 3 years.

Investments in refinery downstream would add 30-40 per cent to margins while retail business would be a significant and profitable business for RIL within 3 years, he said.


He said 4G commercial rollout plans are being finalised even as the company bets big on shale gas production with output projected to grow ten times in five years from current 30 billion cubic feet.

"Even after this investment of Rs 100,000 crore, our balance sheet will be the strongest not only in India but in the world," he said.

Ambani said while the main natural gas reservoir in the eastern offshore KG-D6 has proved to be difficult to produce, the company is pinning hope on satellite fields in the area to ramp up output to 60 million standard cubic meters per day on a sustained basis.

"We currently finalising plans to offer nationwide digital services," he said.

Reliance Retail aiming 5-6 times revenue growth

Aiming to make consumer businesses a key part of the business, Mukesh Ambani said that the group's retail venture was aiming to grow its revenue 5-6 times and achieve sales of Rs 40,000-50,000 crore in the next three to four years.

"We are investing aggressively in this business (Reliance Retail)... We are targetting 5-6 times of existing revenue and achieve sales of Rs 40,000-50,000 crore and would turn profitable within this time period," Ambani said.

He further said that Reliance Retail will be one of the important growth drivers for the group.

Ambani further said that the business has grown strong in five years of its beginning with over 1,300 stores and has created a leadership position.

He further said that Reliance Retail has provided new employment for 50,000 people, including 25,000 people directly by Reliance.

The company was looking to grow its customer base by over three-times from about 30 lakh people visiting its retail stores every week currently to over one crore people every week in 3-4 years, he said.

Ambani further said that Reliance Retail through its newest format Reliance Markets is partnering kirana stores and small retailers to supply them products at low prices.

"We aim to be a supplier of choice for kiranas and small retailers... We will grow in retail in partnerships with small retailers," he added.

"We have strengthened our portfolio of global brands through partnerships... We will continue to invest in partnerships with consumers, brands and producers," he said.

"Consumer businesses will form a significant part our our business in less than a decade," he noted.

 

[SpArK]

Indian shares hit 1-mth high; auto makers gain | Reuters

'India can get up to $90 bn in 2 years'

The finance ministry has received feedback that the Indian capital markets could witness $20-25 billion inflows on the pessimistic side and $80-90 billion on the optimistic side in the next two years, from the newly announced category of qualified foreign investors (QFIs) route. QFIs include foreign individuals, groups and associations.

This was an input the ministry received from qualified depository participants (QDPs), through which QFIs would be allowed to invest, Thomas Mathew, joint secretary in the capital markets division of the finance ministry said on Thursday. He clarified these are not the estimates of the finance ministry, but were given by QDPs at a recent meeting. If this sum of money on the optimistic side does come in the markets in the next two years, it would help stem the depreciation of the rupee, analysts said.

 

[India defense]

Chinese and Pakistan are not posting ...that means good news coming to india

 

[Tangent]

Chinese and Pakistan are not posting ...that means good news coming to india

...good observation...
theory 1 : posts by Chinese or pakistanis are inversely proportional to the direction of movement of Indian economy and India as a whole.

But they serve a good purpose for us, unintentionally. they ensure that we do not get complacent. The goal of prosperous India is still far, and it's no time to be complacent & satisfied.
Thankyou Chinese

 

[Koovie]

...good observation...
theory 1 : posts by Chinese or pakistanis are inversely proportional to the direction of movement of Indian economy and India as a whole.

But they serve a good purpose for us, unintentionally. they ensure that we do not get complacent. The goal of prosperous India is still far, and it's no time to be complacent & satisfied.
Thankyou Chinese

soo true. But it would be more useful if some hardcore posters posting all those negative aspects about the Indian economy would spam our Prime Ministers message box and not the Indian economy thread on PDF

 

[Abingdonboy]

Funny how trolls are now nowhere to be seen!! What difference a week makes!!

Show we lower ourselves to their level and say China should be replaced by Cambodia and Brazil by Belarus in BRICS? Nah!!