Indian economy highlights sept '15

IndiasGDPgrowthslowedto7.0%inthequarterendedJunethisyearfrom7.5%
inthepreviousquarter.Thegrossvalueadded(GVA),comprisingagriculture,industryandservices,increased7.1%i
ntheJunequarter,against6.1%inthefourthquarterofFY15
TheWholesalePriceIndex(WPI)basedinflationdippedfurtherintosubzerolevel
()4.05%inJuly2015comparedwithMay2015.ConsumerPriceindexinflation(Retailprices)inJulyrosetoaneig
htmonthlowof3.78%fromayearago.
Industrialoutputgrewby3.8%fromayearagoinJuneitshighestinfourmonths

ThefiscaldeficitinthefirstfourmonthsofcurrentfinancialyearstoodatRs3.85lakhcrore,o
r69.3%ofBudgetestimatesfor201516,asgovernmentsteppedupitsplanexpenditure.

TheUSeconomygrewfasterthaninitiallythoughtinthesecondquarteronsoliddomesticde
mand.Grossdomesticproductexpandedata3.7%annualpaceinsteadofthe2.3%raterepo
rtedlastmonth.
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TheUSeconomygrewfasterthaninitiallythoughtinthesecondquarteron
soliddomesticdemand.Grossdomesticproductexpandedata3.7%annu
alpaceinsteadofthe2.3%ratereportedlastmonth.

USjobgrowthroselessthanexpectedinAugust,whichcoulddimprospect
sofaFederalReserveinterestratehikelaterinSeptember,evenastheun
employmentratedroppedtoanear7
1/2yearlowof5.1%andwagesaccelerated.

Chinadefendedtherecentrevampofitsforeignexchangeregimethatledt
oasharpdevaluationoftheYuan,callingita"normaladjustment".

E-Commerce Players Betting Big on Offline Presence

In order to differentiate their brand from the clutter of online brands, some
e-tailers are setting up shops offline.
"The biggest nightmare for every online seller is to deal with a shopping
cart abandonment rate of 70-80 per cent.

McDonald's India to Double Outlets With Rs 750 Crore Investment

McDonald's India is stepping up its operations in western and southern
markets of the country by doubling its outlets with an investment of Rs 750
crore in the next five years.
-"We currently have 213 restaurants, and are looking to add up to another
250 restaurants by 2020, which would entail an investment of Rs 750
crore," said Amit Jatia, vice chairman, Westlife Enterprise, a master
franchisee for McDonald's here.

Rs 500 Notes Most in Demand, Rs 1,000 Notes at 2nd Place: Study

-Of all bank notes in circulation, Rs 500 denomination bills accounted for
46 per cent, while thousand-rupee notes were close behind at 39.3 per
cent as on March 2015.
-Among other denominations, twenty-rupee notes account for less than one
per cent of the currency in circulation and Rs 50 notes are just about 1.2
per cent of the cash in circulation, the chamber observed.
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Vedanta Used Cairn Loan to Repay Inter-Company Loan

Cairn India's $1.25 billion loan to its promoter group, which had spooked
investors, was used by Vedanta Ltd to repay another inter-company loan
taken for acquisition of the oil company.

Jayant Sinha Pitches for Lower Rates, Making Exports More

Competitive
Minister of State for Finance Jayant Sinha has said RBI should take into
account various factors, including low inflation, while deciding on monetary
policy stance.

JK Group to Buy Kesoram's Haridwar Tyre Unit for Rs 2,200 Crore

JK Tyre and JK Asia Pacific Singapore Pte Ltd, a wholly- owned subsidiary of
the company, have signed a binding term sheet with Kesoram Industries
Ltd (KIL) to acquire 100 per cent equity in Cavendish Industries Ltd (CIL), JK
Tyre said in a statement.

Eight Years On, iPhone Continues to Break Tech Industry's Rules

Apple added just a handful of features to its latest smartphones, the 6S