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Industrial growth signals recovery, says FM
Buoyed over 22-month high industrial growth of 10.4 per cent in August, Finance Minister Pranab Mukherjee today said it is a recovery process from the earlier slowdown caused by the global financial crisis and possibly there could be some higher growth projection.

India's steel consumption up by 5.7% in April-Sep period
India"s steel consumption rose by 5.7 per cent to 26.49 million tonnes in the first six months of the current fiscal over the same period a year ago on account of improved demand from sectors like automobile and consumer durables.

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China, India key to check the economic crisis: World Bank
India, China and other developing nations have played a key role in checking the economic crisis, World Bank President Robert Zoellick has said, adding there is need of multiple poles of growth as the global economy can no longer rely on the US consumers.
Corporate

Rupee down 8 paise at 46.28 a dollar

The Indian rupee today depreciated by 8 paise to 46.28 against the US currency in early trade on expectations of capital outflows by foreign funds. - Bull run in commodities may continue - Rupee up by 8 paise at 46.29/$ in early trade - Talking up the dollar - Rupee down 10 paise at 46.57/$ in early trade - The top 10 business bestsellers - Massive dollar influx hurting Indian exports: FIEO At the Interbank Foreign Exchange (Forex) market, the domestic unit traded 8 paise down at 46.28 a dollar. The rupee ended 17 paise higher at 46.20/21 against the US currency in the previous session. Forex dealers said expectations of more capital outflows by foreign funds as stock market may open lower in tandem with weak Asian equity markets and demand for the US dollar from importers mainly put pressure on the Indian rupee. They said, dollar"s losses against other currencies contained the fall.


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