Rate hike will hurt growth, feels India Inc

	Dated:July 26,2011

Top Headlines Rate hike will hurt growth, feels India Inc In its latest economic outlook survey,FICCI has lowered the GDP growth projection for the current fiscal at 7.9 per cent. Tata Sons revokes 6.93 crore shares of TCS Tata Consultancy Services on Tuesday said that one of its promoters, Tata Sons, has revoked 6.93 cr pledged shares of the company. NRI hiring by homegrown cos witnesses upsurge in Q1 Hiring of NRIs accounted for 21% of total recruitment activity during Apr-Jun, 2011, compared to 16% in the year-ago period. Market Round-up SENSEX 18518.22 -353.07 NIFTY 5574.85 -105.45 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Panasonic Home Appliances 134.55 + 18.55 DCM Shriram Consolidated 53.90 + 13.47 Kitply Industries Ltd. 4.25 + 10.39 CCL Products India Ltd. 233.05 + 9.54 Northgate Technologies Lt 12.05 + 9.05 NSE Losers Scrip Price(Rs.) %Change Pudumjee Industries Ltd. 21.25 -11.83 Chemplast Sanmar Ltd. 7.45 -9.15 Vindhya Telelinks Ltd. 175.45 -8.74 Birla Ericsson Optical Lt 15.75 -7.89 Gujarat Lease Financing L 4.10 -7.87 Most Read Story RIL, RCOM, Nortel and Yellow Media Inc subject to scathing remarks from Canada-based research analyst Neeraj Monga Last week Monga along with another Veritas analyst wrote that RCom is the "poster child of everything that is wrong with Corporate India". Most E-mailed Story Should NRIs file tax returns in India? If you are an NRI and are looking at the best way to file your tax returns, here is a quick guide. We also help you understand if you need to file a return in the first place. Most Commented Story Budget 1991: What Manmohan Singh promised and what was delivered Manmohan Singh's gave his first budget speech on July 24, 1991. ET analyses that famous budget, tells the untold story of reforms. Latest Updates Gold eases from record; physical buying muted Panel for clearing PSU's overseas asset buy soon Amazon set to launch services in India next year Dubai's Emaar profits slip 52% in Q2