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Index of Industrial Production

Core industries experiencing good growth

Core industries experiencing good growth
The growth in the output of eight core sector industries – with a combined weight of 38 percent in the Index of Industrial Production (IIP) – slowed to 2.7 percent in July from 5.3 percent in the same month last year. The data released by the ministry of commerce on Monday showed the slower pace [...] Continue Reading »

SLR cut was welcomed by the realty firms

SLR cut was welcomed by the realty firms
Reining in inflation seems to be on top of the agenda in view of the RBI’s monetary policy announcement earlier this week. RBI decided to keep the key policy rate unchanged but slashed statutory liquidity ratio (SLR) by 0.5 % to unlock about Rs 40,000 crore into the system. Real estate developers and property consultants [...] Continue Reading »

Changes expected within 3 to 6 months: says Birla

Changes expected within 3 to 6 months: says Birla
According to Kumar Mangalam Birla (head of the Aditya Birla Group), the current budget is going to change situations positively within the next 3 to 6 months as the infrastructure sector is going to be boosted significantly. This was declared after Birla concluded his 45 minute meeting with Arun Jaitley (Finance Minister). Birla happens to [...] Continue Reading »

Indian realty updates at a glance

Indian realty updates at a glance
It is recorded that the Index of Industrial Production (IIP) fell 3.5% in March-2012. The market is surprised by this broad slowdown across industry groups as the IIP had expanded by 4.1% in February. The Union government of India has withdrawn the 1% TDS on transfer of immovable property that was proposed in the Union [...] Continue Reading »

Automobile and Real Estate Sectors to get affected by Rise in Borrowing Cost

Automobile and Real Estate Sectors to get affected by Rise in Borrowing Cost
Cost of borrowing has gone up, as a consequence sectors sensitive to interest rates are likely to be affected relatively more than others. To tame inflationary pressure, the Reserve Bank has hiked key policy rates 11 times since March 2010 by a cumulative 325 basis points. This led to a rise in borrowing cost which [...] Continue Reading »



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