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Indian economy


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India's Economy Slows in Quarter

India's economic growth slowed to its lowest rate in three years in the quarter ended June 30, as rising inflation and higher interest rates crimped domestic consumption and investment.

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Indian economy slows

Indian economic growth slowed to 7.9 percent in the April to June quarter, down from 9.2 percent in the same period last year, amid a slump in manufacturing, government figures showed Friday.

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Indian economy slows to 7.9 per cent

India’s economy expanded by 7.9 per cent in the first quarter of the financial year, its slowest pace in three years, official data showed on Friday.

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Inflation worry persists

Mumbai, Aug. 29: The Reserve Bank of India (RBI) today sounded another warning on inflation even as it maintained that the medium to long-term prospects of the Indian economy remained robust.

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At 7.9%, GDP quarterly growth drops to 3-year low

Lending weight to fears of a slowdown, India's economic growth rate slipped to 7.9% in April-June 2008, the slowest growth in any quarter in past three-and-a-half years.

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Growth slips below 8%

New Delhi, Aug. 29: The country's economy grew 7.9 per cent in the first quarter of 2008-09, the slowest in three-and-a-half years. In the first quarter of 2007-08, the economy grew 9.2 per cent.

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Manufacturing slows down to 5.6% in Q1

With economic growth rate dipping to 7.9% and high interest rates, growth in sectors like financing, insurance and real estate also slowed down to 9.3% in April-June 2008.

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BHEL to tap Toshiba technology for transformer

NEW DELHI: Bharat Heavy Electricals Ltd. is in talks with Toshiba for new technology in high capacity transformers and also for gas insulated sub-stations. Giving this information here, Minister of State for Power Jairam Ramesh said the ...

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Calsoft inaugurates new facility

CHENNAI: California Software Company (Calsoft) has inaugurated its new state-of-the-art facility at Pallikaranai in Chennai. The facility has seven floors, with a total built-up area of 95,200 sq. ft. It will house its software development ...

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Pfizer wins Lipitor patent case

NEW DELHI: Global pharma giant Pfizer on Friday said it had won a legal battle in Denmark in its ongoing patent litigation over anti-cholesterol drug, Lipitor, with Ranbaxy Laboratories. Eastern Division of the High Court in Copenhagen, ...

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'Obama is misreading offshoring'

Indian technology companies on Friday said US presidential candidate Barack Obama was misreading the nature and impact of outsourcing.

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Power min, NTPC disown govt counsel statement

Power ministry and NTPC have moved in to nip any perception that government has relaxed its insistence for cheaper natural gas from Reliance for the NTPC power plants.

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It's final countdown for Tatas on Singur

Frustrated with unending turmoil over the company's upcoming Nano car plant, the company appears to have "run out of patience" and is making a "final assessment" of the situation.

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SpiceJet Q1 loss at Rs 102 crore

The spectre of high losses continues to haunt airlines despite the massive reduction in flight schedules done to minimize the impact of high jet fuel prices.

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Trai, TDSAT on collision path

In a strange situation, the two statutory authorities in the telecom sector-Trai and TDSAT-blamed each other for inaction against erring mobile operators over network congestion.