Angel Broking believes that sustained growth in the Indian economy with GDP growth expected at 8.5% over the next few years, as well as emergence of India as a global outsourcing hub will facilitate the country`s container trade. In the current decade, container traffic registered 12% CAGR compared to the 9% CAGR posted by the total traffic at the major ports.
Posts Tagged ‘current’
Container traffic to grow at 11% CAGR over next 5 years: Angel
Yuan is for trade, not investment: China
If earlier doubts about China’s commitment to make the yuan a global currency were misplaced, the current excitement is more than a little bit overdone.
Govt aims to add 18,000 MW power capacity in FY11: Min
The government aims to add upto 18,000 megawatts generation capacity in the current fiscal year to endMarch 2011, Power Minister Sushil Kumar Shinde said on Thursday.
Indian rupee is set to retest below 45.00 level: Anagram
“Indian rupee is poised to start higher against the dollar and set to retest below 45.00 levels mostly in range between 44.89 and 45.00 vs yesterday“s 45.07, tracking gains in most regional currencies as sentiments have slightly eased and dollar has taken a temporary pause from the current risk aversion cues of — recent tensions in Korea and tax-cuts package in the U.S. Regional currencies are weighed by foreign fund inflows and Asian stock market gains, meanwhile major currencies are buoyed as Australian dollar takes lead from strong Australian jobs data which was..
AprilNov direct tax receipts up 17.85% YoY
India’s net direct tax receipts, including corporate and personal income tax, rose 17.85% yearonyear during AprilNovember period in the current fiscal ending March, a government statement said on Tuesday.
Religare recommends `Hold` on Wipro
Religare Capital has recommended `Hold` on Wipro with a price target of Rs 475 as against the current market price (CMP) of Rs 428 in its report dated Dec. 07, 2010.
Firstcall recommends `Buy` on Patni Computer
Firstcall has recommended `Buy` on Patni Computer with a price target of Rs 520 as against the current market price (CMP) of Rs 464 in its report dated Dec. 06, 2010.
Firstcall recommends `Buy`on Panacea Biotec
Firstcall has recommended `Buy` on Panacea Biotec with a price target of Rs 231 as against the current market price (CMP) of Rs 200.50 in its report dated Dec. 06, 2010. The broking house gave the following rationale: > At the current market price of Rs 200.50, the stock is trading at 9.95 x FY11E and 8.66 x FY12E respectively.
Kotak Mahindra Bank hikes base rate by 25 bps
Kotak Mahindra Bank today announced that its ALCO in accordance with the Board approved `Base Rate and Loan Pricing methodology` has revised the Base Rate upwards from 7.75% p.a. to 8.00% p.a. All categories of loans (other than the exceptions permitted by RBI) will henceforth be priced with reference to the revised Base Rate.
Govt expects economy to grow by 9% in 2010-11
On the back of faster economic expansion in the first half, the government has said the growth rate could cross 9% in the current fiscal itself and revert to the pre-crisis levels. It is estimated that growth in 2010-11 will be 8.75% with 0.35% variation on either side. The range indicates the possibility of crossing the nine percent mark this year itself, said the Mid-Year Analysis of the economy for 2010-11 tabled by Finance Minister Pranab Mukherjee in Parliament on Tuesday
SKP Sec initiates `Buy` on Phillips Carbon Black
SKP Securities has recommended `Buy` on Phillips Carbon Black with a price target of Rs 254 as against the current market price (CMP) of Rs 180 in its report dated Dec. 06, 2010.
Indo-Belgian trade to get boost post India-EU FTA
Belgium hopes for a major boost in bilateral trade with India post Free Trade Agreement (FTA) between India and the European Union (EU), reports PTI. “I believe the bilateral trade will get a major boost with signing of FTA between India and EU,“ Belgian Ambassador Jean M Deboutte said here today at an interactive session with CII.



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