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Indian economy likely to grow 8 pc next fiscal: Nomura

The Indian economy is likely to grow by eight per cent in the next fiscal, propelled by domestic demand, financial services firm Nomura has said.

Indian consumers still cautious, playing safe

With bitter experience of slowdown still etched in their memory, and expecting Reserve Bank of India (RBI) to hike interest rates in early 2010, cautious Indian consumers are refusing to loosen their purse strings, reports HT Correspondent.

US lawmakers threaten sanctions on China over currency

US lawmakers criticised US President Barack Obama’s administration for not pressuring China enough over its rigid currency as they set the stage for slapping import duties on Chinese goods.

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Markets

Late rally pushes Sensex above 17,000-point mark

A late rally by banking and energy stocks on Friday helped a benchmark index close above the 17,000-point mark, up 1.41 percent, after languishing in the negative terrain for most of the day.

Interviews

Interview | Louis R Chenevert

‘We’ll source more products from India’

UTC president & chief executive officer Louis R Chenevert, who is set to take over as chairman in less than 50 days, spoke to Hindustan Times on the group’s plans for India.

A model stands by a new Subaru concept vehicle, made by Japanese auto maker Fuji Heavy Industries, with a 2.0 litre boxer engine and electric motor hybrid system to drive all four wheels at the Tokyo Motor Show in Chiba.~Japan's Mazda Motor president and CEO Takashi Yamanouchi displays the concept vehicle 'Kiyora', equipped with a 1.3-litre direct injection engine and which achieves economy efficiency of 32km per litre during the Tokyo Motor Show.~A model poses on the Burgman Fuel-Cell Scooter. Futuristic concept cars, plug-in hybrids, zero-emission electric vehicles and even a hydrogen-powered scooter jostled for the limelight as the Tokyo Motor Show kicked off.~The Honda Motor Co Skydeck six-seater hybrid concept car is displayed at the 41st Tokyo Motor Show in Chiba, Tokyo. See related pics~Toyota Motor President Akio Toyoda poses next to the company's Lexus luxury brand LF-Ch five-door hybrid during a press preview at the 41st Tokyo Motor Show in Chiba, Tokyo.~ http://www.hindustantimes.com//Images/2009/10/d5e2979f-5db8-450e-ab06-7c6b2333a2a1MediumRes.JPG,http://www.hindustantimes.com//Images/2009/10/40748803-d369-4ae5-8a49-77258c6ebcddMediumRes.JPG,http://www.hindustantimes.com//Images/2009/10/3d0937c7-07f8-4aac-9397-184ee5d735abMediumRes.JPG,http://www.hindustantimes.com//Images/2009/10/cd577039-74aa-4ed4-b3ac-8267e911eb73MediumRes.JPG,http://www.hindustantimes.com//Images/2009/10/dc642062-50d2-4618-b475-d056b27a2437MediumRes.JPG, 467689~467682~467679~467687~467686~
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41st Tokyo Motor Show kicks off
A model stands by a new Subaru concept vehicle, made by Japanese auto maker Fuji Heavy Industries, with a 2.0 litre boxer engine and electric motor hybrid system to drive all four wheels at the Tokyo Motor Show in Chiba.

Corporate

Hari Bhartia to lead CII Biz team to US

A high-powered business delegation led by CII president-elect and co-chairman and managing director of Jubilant Organosys, Hari Bhartia, will arrive in the US to strengthen bilateral economic relations between the two countries and forge collaborations on global challenges, reports HT Correspondent.

Utility Bytes

Economy

...but the poor continue to pay the inflation tax

The country is reeling under the impact of steep rise in a number of food items pummelled by a supply crunch in staple items such as potatoes, cereals and pulses.