economic scenario

CEOs forum for skills development launched


September 7th, 2012 - 7:23 pm ICT by IANS
New Delhi, Sep 7 (IANS) A CEOs forum was launched here Friday to plug the skills gap in India keeping in view its demographic potential.Industry lobby Federation of Indian ... Read more...

Posted in Business |

Maharashtra axes four SEZs after local opposition


July 31st, 2012 - 1:50 am ICT by IANS
Mumbai, July 31 (IANS) Stiff opposition from local communities and changed economic scenario in the country has resulted in axing four proposed Special Economic Zones (SEZ) in different parts of ... Read more...

Posted in Politics |

RBI cuts growth forecast to 6.5 percent, warns on inflation


July 30th, 2012 - 8:28 pm ICT by IANS
Mumbai, July 30 (IANS) India's economic growth is likely to fall to 6.5 percent, inflation accelerate and fiscal deficit widen, the Reserve Bank of India said Monday, painting a gloomy ... Read more...

Posted in Uncategorized |

Investor friendly Gujarat woos American businesses


July 10th, 2012 - 8:03 pm ICT by IANS
New York, July 10 (IANS) The Indian state of Gujarat has invited American investment, saying even in a turbulent global economic scenario and with a domestic slowdown in India, Gujarat ... Read more...

Posted in World |

Pranab asks banks to reduce non-performing assets


June 12th, 2012 - 8:45 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee Tuesday asked banks to reduce non-performing assets (NPAs) for the financial health of the sector."I am happy that banks have ... Read more...

Posted in Business |

Vijaya Bank net zooms 235 percent in Q4


April 30th, 2012 - 7:45 pm ICT by IANS
Bangalore, April 30 (IANS) State-run Vijaya Bank posted net profit of Rs.181 crore for the fourth quarter (January-March) of fiscal 2011-12, registering a whopping 235 percent jump from Rs.54 crore ... Read more...

Posted in Business |

Foreign mafias creating socio-economic chaos in Goa: Naik


April 27th, 2012 - 7:01 pm ICT by IANS
Panaji, April 27 (IANS) Foreign land mafias are usurping and exploiting scarce land resources in Goa and creating "social and economic chaos", Goa's only representative in the Rajya Sabha told ... Read more...

Posted in Politics |

India to have national intellectual property rights strategy


April 26th, 2012 - 5:57 pm ICT by IANS
New Delhi, April 26 (IANS) The Indian government has set up a sectoral council to prepare national intellectual property rights strategy with a view to incentivise innovation, a senior official ... Read more...

Posted in Business |

Opposition, Congress spar over UPA’s ‘governance deficit’


April 18th, 2012 - 12:41 am ICT by IANS
New Delhi, April 17 (IANS) Is the United Progressive Alliance (UPA) floundering in its vision? Are compulsions of coalition a handicap in effective decision making? These questions were raised ... Read more...

Posted in Uncategorized |

Need to spur product innovation in India: Expert


March 27th, 2012 - 5:21 pm ICT by IANS
Bangalore, March 27 (IANS) Product innovation is lagging behind in India in software and hardware space as the ecosystem for driving it is still in the development stage, an industry ... Read more...

Posted in Sci-Tech |

Global firms vie to grab Bangalore biz whizkids


March 24th, 2012 - 5:36 pm ICT by IANS
Bangalore, March 24 (IANS) Global technology, consulting and finance firms vied to grab the best of the breed from the reputed Indian Institute of Management-Bangalore (IIM-B) business school, with over ... Read more...

Posted in Uncategorized |

Mamata takes the limelight on Bengal budget day


March 23rd, 2012 - 10:36 pm ICT by IANS
Kolkata, March 23 (IANS) It was West Bengal Chief Minister Mamata Banerjee all the way as her government presented its first full-fledged budget Friday. While the speech of Finance ... Read more...

Posted in Politics |

India best international investor in Britain: Pranab


March 17th, 2012 - 11:11 pm ICT by IANS
Ghaziabad, March 17 (IANS) India has been the top international investor in Britain for three consecutive years, union Finance Minister Pranab Mukherjee said here Saturday.Talking to media persons, the ... Read more...

Posted in Business |

Pandit’s Citi Bank found wanting in stress test (Lead)


March 14th, 2012 - 1:33 pm ICT by IANS
Washington, March 14 (IANS) America's central bank has found four of 19 largest US financial firms, including Citi Bank led by Indian American CEO Vikram Pandit, wanting and which need ... Read more...

Posted in Business |

Australia sees rise in Indian students’ applications (Lead)


February 21st, 2012 - 10:57 pm ICT by IANS
New Delhi, Feb 21 (IANS) After a decline, Australia is once again registering a rise in number of Indian students applying for admissions to its universities, an official said Tuesday, ... Read more...

Posted in World |

Australia sees rise in Indian students’ applications


February 21st, 2012 - 6:52 pm ICT by IANS
New Delhi, Feb 21 (IANS) After a phase of decline in Indian students going to Australia, the continent nation is once again registering a rise in number of students applying ... Read more...

Posted in Uncategorized |

Hero Cycles forays into high-end bicycles


February 20th, 2012 - 9:52 pm ICT by IANS
Mumbai, Feb 20 (IANS) Cycle major, Hero Cycles Monday announced their foray into high-end bicycles with the launch of their brand 'Urban Trail', unveiling the 'Red Dot', the first product ... Read more...

Posted in Business |

Business confidence declined: CII survey


January 29th, 2012 - 10:45 am ICT by IANS
New Delhi, Jan 29 (IANS) Uncertainty surrounding the global economy, rising inputs cost and high interest rates had led to a decline in business confidence during the quarter that ended ... Read more...

Posted in Business |

Asia to face difficult year: IMF


January 6th, 2012 - 1:51 pm ICT by IANS
Washington, Jan 6 (IANS) Events unfolding far from Asia's shores could shape the region's economic outlook for 2012, but Asian policymakers still have the room to respond aggressively to a ... Read more...

Posted in Business |

Notices to 300,000 Pakistanis who don’t pay taxes


December 24th, 2011 - 12:15 pm ICT by IANS
Islamabad, Dec 24 (IANS) Pakistan, which is facing a disappointing economic scenario, is sending notices to 300,000 people who don't pay their taxes.Federal Finance Minister Abdul Hafeez Shaikh has directed ... Read more...

Posted in Business |

Credit offtake to pick up next year: Axis Bank


December 9th, 2011 - 7:32 pm ICT by IANS
Kolkata, Dec 9 (IANS) Credit growth will start picking up in 2012, Shikha Sharma, managing director and chief executive officer of Axis Bank, said Friday."Credit growth is directly linked to ... Read more...

Posted in Business |

Sliding car sales may reverse in March-April 2012: Automakers


November 21st, 2011 - 1:40 pm ICT by IANS
Kolkata, Nov 21 (IANS) Automobile makers are keeping their fingers crossed on the revival of India's passenger car industry after a dip in sales for the fourth consecutive month till ... Read more...

Posted in Business |

Rangarajan for RBI intervention to check rupee fall


November 19th, 2011 - 11:36 am ICT by IANS
Kolkata, Nov 19 (IANS) Former Reserve Bank of India (RBI) governor C. Rangarajan has called for the central bank's intervention to check the depreciation of rupee which has slumped ... Read more...

Posted in Business |

Europe crisis can affect Indian economy: Pranab


November 13th, 2011 - 8:27 pm ICT by IANS
Kolkata, Nov 13 (IANS) Emphasising that he will not hesitate to take harsh measures to control sovereign debt and fiscal deficit of the country, union Finance Minister Pranab Mukherjee ... Read more...

Posted in Business |

Moody’s to discuss India’s sovereign ratings


November 13th, 2011 - 4:32 pm ICT by IANS
New Delhi, Nov 13 (IANS) Global credit rating agency Moody's is scheduled to discuss India's sovereign ratings with the country's economic policy makers here Monday, just a few days ... Read more...

Posted in Business |

Moody’s to now review India’s sovereign ratings


November 12th, 2011 - 4:32 pm ICT by IANS
New Delhi, Nov 12 (IANS) After lowering the outlook for India's banking industry, credit rating agency Moody's is likely to review the country's sovereign ratings Tuesday, amid a slowdown in ... Read more...

Posted in Business |

Transparency promised in full ’spectrum’ of new telecom policy (Roundup)


October 10th, 2011 - 7:12 pm ICT by IANS
New Delhi, Oct 10 (IANS) The government unveiled a draft of its new telecom policy here Monday that focuses on free roaming, transparent allocation of airwaves, strategies to increase rural ... Read more...

Posted in Sci-Tech |

9 percent growth in 12th plan realistic: Official


October 1st, 2011 - 7:10 pm ICT by IANS
Kolkata, Oct 1 (IANS) The nine percent growth target of the Indian economy during the 12th Five Year Plan period is achievable despite the global economic slowdown, a top official ... Read more...

Posted in Uncategorized |

Revised disinvestment target in November: Official


October 1st, 2011 - 7:10 pm ICT by IANS
Kolkata, Oct 1 (IANS) The central government will come up with a revised disinvestment target and determine the revised number of public sector enterprises whose stake will be divested in ... Read more...

Posted in Business |

Uniross could break even in two year: Eveready


September 23rd, 2011 - 11:33 pm ICT by IANS
Kolkata, Sep 23 (IANS) Eveready Industries (India) Limited (EIIL), a flagship company of the B.M. Khaitan Group, Friday said Uniross SA, a French rechargeable battery maker it acquired two years ... Read more...

Posted in Business |

Chouhan to hold roadshow in China to woo investors


September 11th, 2011 - 5:54 pm ICT by IANS
Bhopal, Sep 11 (IANS) Madhya Pradesh Chief Minister Shivraj Singh Chouhan would hold a roadshow in Shanghai, China to woo investors during his nine-day tour to the world's fastest growing ... Read more...

Posted in Business |

India to set 9 percent growth target for next five year plan (Lead)


August 19th, 2011 - 7:34 pm ICT by IANS
New Delhi, Aug 19 (IANS) India is likely to set a target of 9 percent economic growth during the 12th Five Year Plan, that runs from 2012-13 to 2116-17, ... Read more...

Posted in Business |

Banks’ non-performing assets may rise: Assocham


August 14th, 2011 - 10:58 am ICT by IANS
New Delhi, Aug 14 (IANS) Non-performing assets (NPAs) of banks are likely to go up as lending to certain sectors like telecom, airlines and agriculture might turn into bad loans, ... Read more...

Posted in Uncategorized |

Take control of state’s mines, union minister tells Orissa


May 7th, 2011 - 2:04 am ICT by IANS
Bhubaneswar, May 6 (IANS) Union Minister of State for Chemicals and Fertilizers Srikant Jena has asked the Orissa government to take control of the state's mineral-rich mines instead of leasing ... Read more...

Posted in Environment |

Reality theatre sweeps Mahindra excellence awards


March 9th, 2011 - 2:13 pm ICT by IANS
New Delhi, March 9 (IANS) An 80-minute reality play in English, "The Interview", directed by Akarsh Khurana, swept the Mahindra Excellence in Theatre awards at a glittering awards ceremony in ... Read more...

Posted in Life Style |

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