sectors of the economy

‘Emirates Airline contributes $596 million to Indian economy’


September 3rd, 2012 - 8:19 pm ICT by IANS
New Delhi, Sep 3 (IANS) Dubai-based Emirates Airline has contributed $596 million to the Indian economy by way of boosting air transport, manufacturing and services sectors and creating direct and ... Read more...

Posted in Business |

PM in denial on economic situation: BJP


August 11th, 2012 - 5:47 pm ICT by IANS
New Delhi, Aug 11 (IANS) The Bharatiya Janata Party (BJP) Saturday accused Prime Minister Manmohan Singh of living in denial over the country's economic situation.Talking to reporters after the ... Read more...

Posted in Politics |

Don’t draw unwarranted conclusions, PM tells rating agencies


August 11th, 2012 - 3:38 pm ICT by IANS
New Delhi, Aug 11 (IANS) Prime Minister Manmohan Singh Saturday took international rating agencies to task for cutting India's growth forecast and asserted that the fundamentals of the economy ... Read more...

Posted in Business |

Counterfeit, fake and smuggled goods impacting ‘Brand India’ (Comment)


July 8th, 2012 - 1:58 pm ICT by IANS
Counterfeiting is being considered the world's fastest growing industry. According to current estimates, it represents up to 10 percent of global trade. Termed the crime of the 21st century by the ... Read more...

Posted in Business |

Space economy will boom in China, says daily


June 18th, 2012 - 5:45 pm ICT by IANS
Beijing, June 18 (IANS) The successful launch of China's first manned spacecraft indicates that the country's economic infrastructure and technology have made great progress, a Chinese daily said Monday.China was ... Read more...

Posted in Uncategorized |

Gilani seeks Chinese investment


June 13th, 2012 - 12:06 am ICT by IANS
Islamabad, June 12 (IANS) Pakistani Prime Minister Yousuf Raza Gilani has sought more Chinese investments in the country's developmental projects.Pakistan has opened of all sectors of the economy like ... Read more...

Posted in South Asia |

Karnataka global investors’ meet kicks off


June 7th, 2012 - 5:08 pm ICT by IANS
Bangalore, June 7 (IANS) The second edition of the Global Investors' Meet (GIM 2012) got underway Thursday amid fanfare to promote the state as a premier investment destination in diverse ... Read more...

Posted in Business |

Thackeray slams petrol price hike


May 25th, 2012 - 4:10 pm ICT by IANS
Mumbai, May 25 (IANS) Slamming the central government for the hike in petrol prices, Shiv Sena chief Bal Thackeray Friday said liqour was now cheaper than petrol in Maharashtra."Wah re ... Read more...

Posted in Politics |

Russia needs more foreign investment: Putin


May 3rd, 2012 - 12:13 am ICT by IANS
Moscow, May 2 (IANS/RIA Novosti) Russia needs to bolster the positive trend of foreign direct investment growth in Russia, Prime Minister and President-elect Vladimir Putin said Wednesday."In 2011, over $52 ... Read more...

Posted in Business |

Pakistani daily wants tough fiscal, tax reforms


April 13th, 2012 - 1:10 pm ICT by IANS
Islamabad, April 13 (IANS) The Pakistani government must implement "tough fiscal and tax reforms, improve governance and revamp the entire state structure simultaneously", said a leading daily as it sought ... Read more...

Posted in Business |

Ajit Pawar presents marginally surplus Maharashtra budget


March 26th, 2012 - 10:54 pm ICT by IANS
Mumbai, March 26 (IANS) Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar presented a marginally revenue-suplus state budget for 2012-13, extensively focusing on infrastructure, social, health and tourism sectors.However, ... Read more...

Posted in Business |

IT industry terms budget pragmatic, growth-oriented


March 16th, 2012 - 9:11 pm ICT by IANS
Bangalore, March 16 (IANS) The buoyant Indian IT industry Friday termed the union budget 2012-13 as pragmatic and growth-oriented but expressed disappointment over it not exempting Special Economic Zone ... Read more...

Posted in Business |

Trade unions call nationwide strike Tuesday


February 23rd, 2012 - 8:07 pm ICT by IANS
Mumbai, Feb 23 (IANS) All business and commercial activities are likely to be paralysed next Tuesday following a nationwide strike call by 11 trade unions.The strike would involve around 45 ... Read more...

Posted in Business |

Brazil registers 23.5 percent less jobs in 2011


January 25th, 2012 - 2:46 pm ICT by IANS
Rio de Janeiro, Jan 25 (IANS) The Brazilian economy generated 1.94 million formal jobs in 2011, down 23.5 percent from 2010, the country's labor ministry said Tuesday. Yet the ministry ... Read more...

Posted in Business |

Need to produce innovators, entrepreneurs, says president


November 25th, 2011 - 5:11 pm ICT by IANS
Jammu, Nov 25 (IANS) Calling for spreading education to one and all in the country, President Pratibha Patil Friday said a "comprehensive education system" must produce innovators and entrepreneurs.Addressing ... Read more...

Posted in Uncategorized |

Cuba to overhaul postal service


November 23rd, 2011 - 12:29 pm ICT by IANS
Havana, Nov 23 (IANS/EFE) Cuba's postal service will become a state-owned corporate group next year, seeking greater efficiency and quality as part of President Raul Castro's effort to "modernize" the ... Read more...

Posted in Business |

L&T; quarterly net profit rises 15 percent


October 21st, 2011 - 4:40 pm ICT by IANS
Mumbai, Oct 21 (IANS) Engineering and construction major Larsen and Toubro (L&T;) Friday reported a 15 percent increase in net profit at Rs.798 crore for the quarter ended Sep 30, ... Read more...

Posted in Business |

Britons lose jobs for being ‘work shy’


October 15th, 2011 - 7:10 pm ICT by IANS
London, Oct 15 (IANS) British workers are losing jobs to migrants because some firms think they are work-shy, expensive and unreliable, a media report said Saturday.Daily Express reported how MP ... Read more...

Posted in Business |

FICCI wants flat 12 percent GST and all sectors under it


August 18th, 2011 - 7:28 pm ICT by IANS
New Delhi, Aug 18 (IANS) The proposed goods and services tax (GST) regime should have a uniform rate of 12 percent and all sectors should be covered under it as ... Read more...

Posted in Business |

President wants more technology used in farming


August 14th, 2011 - 9:02 pm ICT by IANS
New Delhi, Aug 14 (IANS) President Pratibha Patil Sunday called for greater use of technology in the agriculture sector to ensure better productivity and increased focus on issues like ... Read more...

Posted in Uncategorized |

L&T;’s quarterly net profit rises 17.39 percent


May 19th, 2011 - 4:27 pm ICT by IANS
Mumbai, May 19 (IANS) Engineering and construction major Larsen and Toubro (L&T;) Thursday posted a 17.39 percent increase in its net profit for the quarter ended March 31, which stood ... Read more...

Posted in Business |

Coal consumers body demands price roll back


April 19th, 2011 - 11:14 pm ICT by IANS
Kolkata, April 19 (IANS) The Coal Consumers' Association of India (CCAI) Tuesday said the recent price hike in coal by Coal India Limited would hit major sectors of the economy, ... Read more...

Posted in Uncategorized |

Pak Finance minister to promote foreign investment in IMF, WB meetings


April 16th, 2011 - 5:43 pm ICT by ANI
Washington, April 16(ANI): Pakistan Finance Minister Adbul Hafeez Shaikh, who is in Washington to attend International Monetary Fund (IMF) and World Bank (WB) meetings, has reaffirmed Islamabad's resolve to facilitate foreign investment ... Read more...

Posted in South Asia |

Violence has affected investment, growth: Mexico’s central bank


April 8th, 2011 - 11:06 am ICT by IANS
Mexico City, April 8 (IANS/EFE) Crime and violence have become "the most important factors inhibiting growth and investment" in Mexico in the past few months, the governor of the country's ... Read more...

Posted in Business |

Welfare oriented budget will help build economy’s capacity: Prof. Agarwal


February 28th, 2011 - 9:41 pm ICT by ANI
New Delhi, Feb 28 (ANI): Professor J.D. Agarwal, noted economist and Chairman, Indian Institute of Finance, reacting to the Union Budget 2011 presented by Finance Minister Pranab Mukherjee, said It is ... Read more...

Posted in National |

Mukherjee assures support to growth of textiles industry


February 2nd, 2011 - 8:02 pm ICT by ANI
New Delhi, Feb 2 (ANI): Union Finance Minister Pranab Mukherjee today assured the textiles industry the Government's continuous support to upgrade technology, manufacturing processes and conducive policy environment to facilitate its ... Read more...

Posted in National |

President calls for constructive approach to JPC impasse (Second Lead)


January 25th, 2011 - 10:44 pm ICT by IANS
New Delhi, Jan 25 (IANS) With the government trying to shore up its image tainted by a spate of scams, President Pratibha Patil Tuesday described corruption as "the enemy of development" ... Read more...

Posted in Politics |

India confident of over 9 pc growth next year: President (Lead)


January 25th, 2011 - 9:21 pm ICT by IANS
New Delhi, Jan 25 (IANS) President Pratibha Patil Tuesday said the government was confident of achieving over 9 per cent economic growth next year, but admitted that rising inflation, specially food ... Read more...

Posted in Business |

India has to address governance, ethical deficits: Chidambaram


January 1st, 2011 - 11:28 pm ICT by IANS
Chennai, Jan 1 (IANS) India has to address three major deficits - governance, regulatory and ethical- if the country has to progress, the economy continue to log nine percent growth and ... Read more...

Posted in Business |

Congress pitches for national manufacturing policy


December 20th, 2010 - 4:39 pm ICT by IANS
New Delhi, Dec 20 (IANS) The Congress party Monday urged the centre to formulate a national manufacturing policy to attract more foreign direct investment (FDI) to India and boost industrialisation."Congress urges the ... Read more...

Posted in Business |

India welcomes US support for membership in Nuclear Suppliers Group


November 8th, 2010 - 5:13 pm ICT by ANI
New Delhi, Nov 8 (ANI): The Prime Minister, Dr Manmohan Singh, on Monday said India welcomes the decision by the United States to lift controls on export of high technology items ... Read more...

Posted in National |

Sharif urges US to stop drone attacks in Pak to reduce mistrust between them


November 7th, 2010 - 4:47 pm ICT by ANI
Lahore, Oct 7 (ANI): Pakistan Muslim League- N Chief Nawaz Sharif has said that mistrust between the United States and his nation cannot be ended without stopping drone attacks.Sharif also made ... Read more...

Posted in South Asia |

President to travel to UAE, Syria later this month (Lead)


November 2nd, 2010 - 9:55 pm ICT by IANS
New Delhi, Nov 2 (IANS) After looking east in her previous foreign visits, President Pratibha Patil will be travelling to the Middle East later this month when she heads to UAE ... Read more...

Posted in Uncategorized |

Venezuela nationalises steelmaker


November 2nd, 2010 - 12:40 pm ICT by IANS
Caracas, Nov 2 (IANS/EFE) Venezuelan President Hugo Chavez has announced the nationalisation of steelmaker Sidetur and of several real estate developers that failed to complete housing projects.Chavez broke the news Sunday during ... Read more...

Posted in Business |

Rwanda ties up with three Indian industry associations


October 26th, 2010 - 12:57 am ICT by IANS
Bangalore, Oct 25 (IANS) The eastern African country of Rwanda Monday entered into three agreements with associations in Karnataka for investment and trade promotion between Rwandan and Indian enterprises and businesses.The Rwanda ... Read more...

Posted in Business |

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