India's factory output crashes to 5.1 per cent for October month

India’s food inflation declines to 8 percent on account of low onion and potato prices
India’s food inflation declined to to 8 per cent for the week ended November 19. Food inflation, as measured by the Wholesale Price Index (WPI), was 9.01 per cent in the previous week ended November 12. It stood at 9.03 per cent in the corresponding week of the previous year.

The main contributor to this moderation in inflation were onions that became cheaper by 40.65 per cent year-on-year during the week under review, and potato whose prices were down by 10.98 per cent. Price of wheat also fell by 4.71 per cent. However, all other food items grew more expensive on an annual basis.

Indian to increase the Port Capacity by 236.63 million tons per year
Indian Government has identified 23 projects for award during 2011-12 to increase the capacity of major ports by 236.63 MTPA (Million Tons Per Annum) with an estimated investment of Rs. 16743.92 crores under Public Private Partnership (PPP) mode. The existing port capacity of Major Ports as on 31.3.2011 is 670.13 Million Tonnes (MT). This was told by GK Vasan, the minister of shipping in parliament.

The Minister further stated that the Government of India has given top priority to the modernization of ports through various expansion/upgradation projects for berths, construction of

Texas Ventures and CODISSAI organize Global Cluster Manufacturing Vision 2020 Conference
An underlying principle of future growth is that “Manufacturing is important to India’s future progress” Manufacturing will unquestionably be a very different enterprise in 2020 from what it is today. A critical step in preparing for the future will be the development of an underlying foundation which must be guided by a clear vision of manufacturing in the next century and an understanding of the fundamental challenges that must be met to realize this vision.

Global Manufacturing Cluster Vision 2020 - GMCV 2020 conference is an effort to bring out the leaders from Indian manufacturing to d

Global stocks markets shaky even as Italy votes on austerity measures
India’s BSE benchmark Sensex on Friday fell 169 points due to widespread selling by funds. The factory output and inflation figures along with eurozone crisis weighed heavily on investor mind. National Stock Exchange index declined to 5,142.25, before ending lower by 52.20 points to 5,168.85.

The results of Tata Steel, DLF Ltd and Ranbaxy Laboratories were way off analyst estimates.

The stocks of Larsen and Toubro, ICICI Bank, BHEL, Hindalco, Infosys Ltd., ONGC, Sterlite Industries, Tata Motors, Maruti Suzuki, Jindal Steel and HDFC Ltd fell during the day. The shares gf Reliance Industri

India’s factory output falls to 1.9 per cent in September
The signs of Indian economy slowing down are becoming more visible as index of industrial production (IIP) fell to 1.9 per cent in September compared to 6.1 per cent in the same month last year. The manufacturing sector index grew by 2.1 per cent in September, compared to 6.9 per cent in the same month last year. Mining output fell by 5.6 per cent in September this year, as against a growth of 4.3 per cent in the same month last year. The capital goods segment contracted by 6.8 per cent in September in comparison to a growth of 7.2 per cent in

India’s food inflation continues double digit growth at 11.81 percent
India’s food inflation fell marginally to 11.81 per cent in the week ended 29th October. The food inflation for the previous week was 12.21 per cent. It was at 12.68 per cent in the corresponding week of the previous year.

The vegetables continued to spiral at a rate of 26.05 per cent on year-on-year basis during the week. The pulses became expensive by 13.27 per cent, fruits by 11.70 per cent, milk by 11.79 per cent, eggs, meat and fish by 12.74 per cent and cereal by 4.07 per cent.