India Business

Realty Costs To Go Up In Indian Markets - Ansal

Chandigarh: Realty developer Ansal Housing and Constructions Ltd stated that real estate prices in the metropolitan cities will arise between 10-15 per cent whereas 20-25 per cent in small cities in next 1-2 years.

Ansal Housing auspicated this development regardless of the claims that real estate market in India is heated up.

Forex Reserves Drop $346 Mn with in a week Ending Aug 10

As on Aug 10, 2007, Forex reserves went down USD 346 million to USD 228.996 billion, mainly on the back of declension in foreign currency and assets accumulations on a weekly basis.

According to the RBI’s weekly statistical supplement released on Aug. 17, 2007 the foreign currency and assets decreased USD 221.653 billion.

The gold reserves and the IMF reserve position remained flat at USD 6,887 million and USD 455 million correspondingly during the same period.

Stock Markets Sign Off In Volatile Mood, Metal, IT Linger

BSE SensexIndian stocks turned down for the third day, with the key index witness its

Bank Credit Climb Up 23.4%

The credit paid out by listed commercial banking institutions arose 23.4% (Rs 3,654.48 billion) on a yearly basis on Aug. 3, 2007 that is under the growth of combined bank deposits of 24.3%.

Buy Unitech At Rs 439-460: Manghnani

Anil ManghnaniAnil Manghnani of Modern Shares & Stock Brokers is of the vision that the investors interested in buying Unitech, will buy it between Rs 460 and Rs 439.

Infrastructure Sector Growth Declines To 5.3% In Jun`07

The fall in the crude oil production and retardation in the productivity of other products backed out the development of six key infrastructure businesses to 5.3% in June 2007 as compared to 7.7% a year ago.

In the April-June quarter (2007), the growth of the six infrastructure industries recorded dim growth at 6.9% from 7.4% in the first quarter of 2006-07.

Amongst the six, crude oil fabrication slumped to 2,774,000 tons in June, 1.8% lower than 2,826,000 tons a year ago.