US firm confident of China’s economic rebound
August 13th, 2012 - 5:46 pm ICT by IANS
Beijing, Aug 13 (IANS) Caterpillar, a US-based construction equipment maker, is confident that China's economy will experience a soft landing, as the government has taken appropriate measures for an economic ... Read more...
Posted in Business |
G20 endorses India’s concern on infrastructure, austerity
June 20th, 2012 - 7:32 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS) India's concern over lack of funding for infrastructure among emerging economies and austerity measures being adopted even by surplus countries were endorsed by ... Read more...
Posted in Business |
People impatient, economy will improve: PM
June 19th, 2012 - 9:06 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) Prime Minister Manmohan Singh Monday assured that investor sentiment will be improved and the economy nursed to high growth path again, as citizens ... Read more...
Posted in Business |
India pledges $10 bn to IMF for Eurozone
June 19th, 2012 - 8:03 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) India Monday pledged $10 billion to the International Monetary Fund (IMF) to help Eurozone countries out of the current crisis and prevent adverse fallout ... Read more...
Posted in Business |
Industrialist Madhu Koneru gets bail in Emaar case
April 27th, 2012 - 9:10 pm ICT by IANS
Hyderabad, April 27 (IANS) Industrialist Madhu Koneru, an accused in the Emaar APIIC township case, appeared Friday before the special Central Bureau of Investigation (CBI) court, which granted him ... Read more...
Posted in Uncategorized |
Tax-free bond target for infrastructure projects at Rs.60,000 crore
March 16th, 2012 - 10:43 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday proposed to double
the tax-free bond target for financing infrastructure projects in the next fiscal to Rs.60,000 crore from Rs.30,000 ... Read more...
Posted in Business |
Corruption will keep India in chaotic poverty trap: Survey
March 15th, 2012 - 3:51 pm ICT by IANS
New Delhi, March 15 (IANS) Recognising that self-interest drives a market economy, the Economic Survey for 2011-12 tabled Thursday also says India will stagnate and remain in the grips ... Read more...
Posted in Business |
Australia’s unemployment rate forecast to rise in 2012
January 16th, 2012 - 3:35 pm ICT by IANS
Sydney, Jan 16 (IANS) Australia is expected to have a higher jobless rate in 2012, the country's major bank ANZ Bank said Monday.The total number of job advertisements in Australia ... Read more...
Posted in Business |
Sri Lankan central bank relaxes regulations
December 13th, 2011 - 2:13 pm ICT by IANS
Colombo, Dec 13 (IANS) Aiming to spur economic growth, the Sri Lankan central bank has relaxed regulations of foreign investments in corporate debentures of local firms and foreign borrowings by ... Read more...
Posted in Business |
DSIIDC to develop four industrial estates
November 27th, 2011 - 2:25 pm ICT by IANS
New Delhi, Nov 27 (IANS) The Delhi State Industrial and Infrastructure Development Corp (DSIIDC) has earmarked Rs.268 crore for the development of four major industrial estates in the capital.The four ... Read more...
Posted in Business |
China’s railway investment decreases
November 15th, 2011 - 5:01 pm ICT by IANS
Beijing, Nov 15 (IANS) China's railway investment in the first 10 months of this year fell sharply, authorities said.The ministry of railways announced Tuesday that its fixed asset investments reached ... Read more...
Posted in Business |
India to grow by 8.5-9 percent in long term: Mukherjee
October 17th, 2011 - 6:11 pm ICT by IANS
New Delhi, Oct 17 (IANS) Amid international economic uncertainty, Finance Minister Pranab Mukherjee Monday said he expectS India's GDP to grow by 8.5-9 percent in the medium to long-term ... Read more...
Posted in Business |
Suzlon Energy to set up wind turbines in Africa
May 25th, 2011 - 6:10 pm ICT by IANS
Mumbai, May 25 (IANS) India's wind turbine manufacturing major Suzlon Energy Wednesday said it has signed a contract with African Clean Energy Development (ACED) for supply and construction of 76 ... Read more...
Posted in Business |
Tata steel to increase Chinese investments by five percent
May 3rd, 2011 - 1:25 pm ICT by ANI
Beijing, May 3 (ANI): Tata Steel Limited, the world's 10th-largest steel company in terms of production and a subsidiary of the Tata Steel Group, plans to increase its investment in China by ... Read more...
Posted in World |
Time for regime change in Bengal, says PM (Second Lead)
April 23rd, 2011 - 8:04 pm ICT by IANS
Katwa/Dum Dum (West Bengal), April 23 (IANS) Expressing concern over the law and order situation in West Bengal, Prime Minister Manmohan Singh Saturday promised to restore peace and launch ... Read more...
Posted in Uncategorized |
Time for regime change in Bengal, says PM (Lead)
April 23rd, 2011 - 5:07 pm ICT by IANS
Katwa (West Bengal), April 23 (IANS) Prime Minister Manmohan Singh Saturday said it was time for a regime change in West Bengal and promised an industrial revolution and a ... Read more...
Posted in Politics |
Christchurch quake to cost $11 bn
March 6th, 2011 - 7:20 pm ICT by IANS
Christchurch, March 6 (IANS) The Christchurch earthquake will cost up to $11 billion and affect GDP growth by 1.5 percent, the New Zealand government said Sunday.But the government predicted ... Read more...
Posted in Uncategorized |
Krishna leaves for Kuwait
February 25th, 2011 - 5:54 pm ICT by IANS
New Delhi, Feb 25 (IANS) External Affairs Minister S.M. Krishna Friday left for Kuwait on a three-day visit to represent India in the oil-rich Gulf state's 50th anniversary of independence celebration. His ... Read more...
Posted in Uncategorized |
You’ll see reforms in budget: PM
February 16th, 2011 - 3:49 pm ICT by IANS
New Delhi, Feb 16 (IANS) The upcoming budget will see reforms, Prime Minister Manmohan Singh said Wednesday stressing that the government has its economic agenda in place."The economic agenda is there. ... Read more...
Posted in Business |
More reforms will be unveiled in 2011-12 Budget: PM
February 16th, 2011 - 3:34 pm ICT by ANI
New Delhi, Feb 16 (ANI): Blaming the Opposition for delaying the introduction of crucial Bills in Parliament, Prime Minister Manmohan Singh on Wednesday said more reforms will be unveiled in the ... Read more...
Posted in National |
India targets $1 trillion infrastructure investment: Ahluwalia
January 28th, 2011 - 2:49 pm ICT by IANS
Davos, Jan 28 (IANS) India will double its investments in infrastructure to $1 trillion during the 11th Five Year Plan that begins 2012, with half of that expected from the private sector, ... Read more...
Posted in Business |
Jump in private funds for infrastructure likely in 12th plan
December 23rd, 2010 - 12:04 am ICT by IANS
New Delhi, Dec 22 (IANS) The private sector is likely to contribute nearly half of the estimated $1 trillion investment on infrastructure during the 2012-17 Twelfth Five Year Plan, Finance Minister ... Read more...
Posted in Business |
India-Africa ties in ‘transformational phase’
December 12th, 2010 - 12:09 pm ICT by IANS
New Delhi, Dec 12 (IANS) India's ties with Africa are in a "transformational phase" and its efforts are radically different from what any other country is doing in the vast and quickly ... Read more...
Posted in Business |
Govt. aiming at double digit GDP growth in medium term: Pranab Mukherjee
November 19th, 2010 - 8:36 pm ICT by ANI
New Delhi, Nov 19 (ANI): Union Finance Minister Pranab Mukherjee on Friday said the government is aiming at a double digit Gross Domestic Product (GDP) growth in the medium term, and ... Read more...
Posted in Business |
Chinese leader meets PM, calls for mutual understanding (Second Lead)
November 1st, 2010 - 9:24 pm ICT by IANS
New Delhi, Nov 1 (IANS) Ahead of Chinese Premier Wen Jiabao's visit here in December, senior Chinese Communist Party leader Zhou Yongkang Monday called on Prime Minister Manmohan Singh and conveyed ... Read more...
Posted in Uncategorized |
Trade and investment offers important route to sustainable global economic recovery: Ansari
October 5th, 2010 - 12:18 am ICT by ANI
By Mrityunjay SinghBrussels, Oct.4 (ANI): The Vice President, Mohammad Hamid Ansari, said on Monday that international trade and investment offers an important route forward towards non-inflationary and sustainable global economic recovery. ... Read more...
Posted in World |
Obama to end tax breaks for firms creating jobs abroad (Lead)
September 9th, 2010 - 11:43 am ICT by IANS
By Arun Kumar
Washington, Sep 9 (IANS) Accusing opposition Republicans of pushing bankrupt economic policies and putting politics ahead of national welfare, President Barack Obama has vowed to end Bush era tax ... Read more...
Posted in Business |
India, US pledge to consult each other on global, strategic issues
June 4th, 2010 - 3:19 pm ICT by ANI
Washington, June 4 (ANI): India and the United States on Thursday pledged to consult with each other on issues of global and strategic importance.The pledge was made through a joint statement after ... Read more...
Posted in World |
India, US vow to cooperate on terror
June 4th, 2010 - 10:16 am ICT by IANS
By Arun Kumar
Washington, June 4 (IANS) With US President Barack Obama according relations with "responsible global power" India "highest of priorities", the two countries have vowed to work together to meet ... Read more...
Posted in World |
Chinese economy to grow by 10 percent in 2010: IMF
April 22nd, 2010 - 3:12 am ICT by IANS
Washington, April 22 (IANS) Powered by strong domestic demand, the Chinese economy is likely to grow by 10 percent in 2010, the International Monetary Fund (IMF) said Wednesday.
"In China, GDP growth exceeded ... Read more...
Posted in Business |
US treasury secretary to discuss infrastructure investment in India
April 1st, 2010 - 9:47 am ICT by IANS
Washington, April 1 (IANS) US Treasury Secretary Timothy Geithner will discuss opening India's vast infrastructure needs to financing from US companies, financial investment and economic stability during a visit next week.
Geithner ... Read more...
Posted in Business |
After recovery, phase out subsidies: IMF to India
February 5th, 2010 - 12:48 am ICT by IANS
By Arun Kumar
Washington, Feb 4 (IANS) The International Monetary Fund (IMF) has asked India to phase out subsidies and introduce market-based pricing for petroleum products following its rapid recovery from the global ... Read more...
Posted in Business |
IMF asks out of woods India to go for financial sector reforms
February 4th, 2010 - 10:17 pm ICT by IANS
By Arun Kumar
Washington, Feb 4 (IANS) Noting that India's rapid recovery from the global financial crisis has brought fiscal and monetary policy trade-offs to a head earlier than in other countries, ... Read more...
Posted in Business |
8,000 km road construction contracts this fiscal: Montek
December 22nd, 2009 - 6:24 pm ICT by IANS
Kolkata, Dec 22 (IANS) The central government will bid out 8,000 km of road construction contracts in the current fiscal, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Tuesday.
"In comparison, the government ... Read more...
Posted in Business |
Dubai World crisis alarms analysts in China
December 3rd, 2009 - 4:27 pm ICT by IANS
Beijing, Dec 3 (IANS) A Chinese analyst has warned that as the country's "real estate bubble continues to grow in size, a crisis similar to that at Dubai World is likely to ... Read more...
Posted in Business |