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Indian economy in throes of serious slowdown: CII
The Confederation of Indian Industry (CII) on Thursday said that the Quarter 4 GDP figures have reconfirmed the CII's own estimates, which show that the economy is in the throes of a serious slowdown and is performing worse than perception. In a statement on the GDP, Chandrajit Banerjee, Director General, CII, said: " At 6.5 percent growth, the GDP in 2011-12 has grown at lower than the crisis period

Sensex down 161 points as weakness persists; Automobile, capital goods stocks trade weak

Due to sustained selling at several counters amid worries about the economy following the release of a rather disappointing January - March quarter GDP report, the market remains deep down in negative

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Kingfisher Airlines posts worst-ever quarter; no funding in sight

Kingfisher Airlines ' posted its worst-ever quarterly loss on Thursday, as huge cuts in the number of flights compounded the woes of a cash-strapped carrier facing high fuel prices and intense

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Gold headed for 4th losing month on euro zone woes

Gold steadied on Thursday but was on track to extend its losing streak to a fourth month, matching a similar run more than 12 years ago, as a deepening euro zone debt crisis buoyed the dollar and

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Shutdown cripples life in Tripura
The 12-hour shutdown called by the Communist Party of India-Marxist (CPI-M) and its allies in the ruling Left Front to protest hike in petrol prices Thursday crippled life in Tripura.

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Fitch downgrades Vijaya Bank's rating
Mumbai/Singapore, May 31 (IBNS): Global rating agency Fitch Ratings has downgraded India-based Vijaya Bank's (Vijaya) National Long-Term (LT) rating to 'Fitch AA-(ind)' from 'Fitch AA(ind)'. The Outlook is Stable.

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