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October 29: Picturesque news view
October 29: Picturesque news view
An employee fills a car with petrol at a gas station in Jammu
India's domestic oil product sales fell an annual 1.9 per cent in September, its second straight monthly decline, as floods in some parts of the country slackened demand for diesel, government data showed on Friday.
Oil product sales, a proxy for oil demand in Asia's third-largest oil consumer, totalled 10.66 million tonnes in September, when the annual growth in diesel consumption softened to 1.7 per cent as fewer power outages and extended monsoon rainfall cut demand for the fuel from farm and industry.
In September 2009, local diesel sales grew 4.7 per cent on a high base of year ago when industrial users substituted fuel oil with subsidised diesel.
ICICI Bank, India's largest private lender, reported a 21.8 per cent increase in consolidated profit after tax at Rs 1,395 crore in Q2FY11 as against Rs 1,145 crore in Q2FY10.
The current and savings account (CASA) ratio increased to 44 per cent as on September 30, 2010 from 36.90 per cent as on September 30, 2009.
The net non-performing asset ratio declined to 1.37 per cent as on September 30, 2010 from 2.19 per cent as on September 30, 2009.
An employee poses with a HTC smartphone (L) and an Apple iPhone at a mobile phone shop in Taipei
Cellphone market growth slowed slightly in the September quarter due to worries over economic growth and component shortages, and the market growth would slow further in the current quarter, researchers said on Friday.
The phones market -- the largest volume electronics industry -- has surged this year from a slump sin 2009 when the recession hit consumer spending on the latest gadgets around the world.
Indian Prime Minister Manmohan Singh (L) and Chinese Premier Wen Jiabao share a toast after a signing ceremony held at the Great Hall of the People in Beijing
Chinese Premier Wen Jiabao told Indian Prime Minister Manmohan Singh on Friday the world was big enough for their two countries to develop and cooperate, sounding a positive note ahead of a visit planned for later this year.
The world's most populous countries have engaged in repeated diplomatic sparring over the last two years, reflecting growing friction over their disputed borders and roles as emerging global powers despite bilateral trade that has grown 30-fold since 2000.
\"There is enough space in the world for India and China to achieve common development ... to have cooperation,\" Wen said at the beginning of a meeting with Singh on the sidelines of an Asia-Pacific summit in Hanoi.
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