India Business

Outsourcing growth to slow down, says Nasscom

Thu, 20 Nov 2008 00:53:25 GMT

Indian software and services industry's apex body Nasscom reiterated that while the country's outsourcing industry would face a slow growth, it would not shut down as a result of the global economic melt down.

Demands met, cine workers end strike

Thu, 20 Nov 2008 00:53:25 GMT

The face-off between television show producers and the Federation of Western India Cine Employees, which forced general entertainment channels to air reruns of their programmes, has been resolved.

What's the news on newspapers?

Thu, 20 Nov 2008 00:53:25 GMT

In a radio broadcast delivered this weekend, media mogul Rupert Murdoch took on those who he said have been writing the newspaper's obituary. Saying that the real business of newspapers wasn't printing on dead trees but providing news that readers could trust...

Crisis may impact ADBs India investment plans in long-term

Thu, 20 Nov 2008 00:53:25 GMT

Asian Development Bank's India investment plan may be hampered in the long-term if the ongoing global meltdown continues for some more time in future.

CMIE revises down economic growth to 8.2 %

Thu, 20 Nov 2008 00:53:25 GMT

Economic think-tank CMIE on Wednesday scaled down projections for the country's economic growth to 8.2% from the earlier 8.7% for this fiscal as global financial crisis would lead to slower than expected growth in industrial and services sectors.

'Technology will transform movie business in India'

Thu, 20 Nov 2008 00:53:25 GMT

From beginning work in family-owned Amritsar Transport Corporation in 1988 to revamping Priya cinema that his father bought in 1978...

Obama embrace of Wall St insiders points to politic reforms

Thu, 20 Nov 2008 00:53:25 GMT

During the height of the financial crisis in late September, some of Barack Obama's campaign advisers pushed him in a conference call to distance himself from Treasury Secretary Henry Paulson.

RSS Advertising

Thu, 20 Nov 2008 10:11:36 GMT

Take a Bow ....... By Rihanna.
See more info...

US Market up after a long time

Wed, 19 Nov 2008 04:23:16 GMT

US market up yesterday after a long time not sure when it was up lastly , Dow jones was up by 1.8%.Standard & Poor’s 500 (SPX) index up by 1% . Market Movers >Hewlett-Packard issues upside fourth quarter and fiscal year 2009 earnings guidance >Fed Chairman Bernanke, Treasury Secretary Paulson and FDIC Chairman Bair testify before House Financial [...]

Sensex Down by almost 350 points

Tue, 18 Nov 2008 18:21:17 GMT

Sensex started the market down by almost more than 300 points and it was in red the whole day , lot of factors weighed in almost i can see finance minster doing whatever possible speech to get the market up nothing was working , he was saying Government is taking all the measure to bring [...]

Letters to the editor :Perils of group think

Thu, 20 Nov 2008 00:53:25 GMT

Even as Prime Minister Manmohan Singh appointed Raghuram G Rajan, former chief economist of the IMF, as his honorary advisor with the rank of a secretary on his economic development team...

BHEL bags order worth 1325 crore from Andhra Pradesh

Tue, 18 Nov 2008 11:22:35 GMT

BHRL infromed the market that they have bagged order worth 1325 crore.The opder is for supplying and installing of main plant package at a power project in Andhra Pradesh.The order is from Andhra Pradesh Power Generation Corporation (APGENCO) and the order is to set up a 600 MW thermal power generating unit in Warangal district. [...]

Parsvnath Developers joins hand with SAN JOSE Consortium for bidding Projects

Tue, 18 Nov 2008 11:18:04 GMT

Parsvnath Developers Ltd has informed the market that they have signed MOU with Constructora SAN JOSE Consortium to bid for Infrastructure Development works.San Jose Consortium is a a subsidiary of Grupo SAN HOSE, a leading infrastructure company in Spain.They have already togeather submitted request for qualification (RFQ) to National highways Authority of India (NHAI) [...]

Mundra Port and Special Economic Zone signs MOU with NYK

Tue, 18 Nov 2008 11:11:46 GMT

Mundra Port and Special Economic Zone Ltd has informed the market that?they have ?signed a MoU for setting up a world class dedicated automobile terminal with Nippon Yusen Kaisha (NYK) of Japan.Nippon Yusen Kaisha is world famous for its auto terminals they have around the worlds? harbor and also they are famous for the?extensive fleet [...]

RSS Advertising

Thu, 20 Nov 2008 10:11:36 GMT

I Kissed a Girl ....... By Katy Perry.
See more info...

US Market down on Economic Concern

Tue, 18 Nov 2008 04:19:03 GMT

MArket started ok but when the CITIGROUP announced that they are going to cut the workforce it weighed on the investor sentiment which was already down due to economic concern . Dow Jones industrial average (INDU) down by 223 points, or 2.6%. Standard & Poor’s 500 (SPX) index fell 2.6%. Nasdaq composite (COMP) down by 2.3% [...]

Citigroup to cut more than 52000 jobs

Mon, 17 Nov 2008 19:10:20 GMT

US market is kind of silent otherwise it would have been a normal bearish open with nothing to bother the marekt , The citigroup job cut kind of started the week on a bad note , Citigroup had said that it will cut more than 52000 job cuts byt the end of the year and [...]

New UN art work raises controversy

Thu, 20 Nov 2008 00:53:25 GMT

A stunning work of art dubbed a 21st century Sistine Chapel donated to the United Nations is stirring a controversy over whether aid money should have been used to cover part of its cost.

Sensex Down for the fourth Straight day

Mon, 17 Nov 2008 18:50:22 GMT

Sensex started as if it would close green only but it saw a very big swing today it recovered 330 points but closed down by 94.91 points or 1.01% to 9,291.01 after swinging 479 points in volatile trade between the day’s low of 8956 and high of 9435 .At least it closed above 9000 points. [...]

Grim outlook for FDI: OECD

Thu, 20 Nov 2008 00:53:28 GMT

Organisation For Economic Cooperation And Development has painted a grim outlook for FDI pattern.

NHB may help construct more roofs for aam aadmi

Thu, 20 Nov 2008 00:53:28 GMT

In yet another move to provide more funds to cash-strapped housing finance companies (HFCs), the Reserve Bank of India (RBI) is looking at augmenting the resources of the National Housing Bank.

Small companies turn to currency exchanges to hedge risk

Thu, 20 Nov 2008 00:53:28 GMT

Devendra Surana runs a copper fabrication business in Hyderabad. His Rs 300-crore company, Bhagyanagar India, imports copper worth $2 million each month from Russia, and manufactures starter coils which are sold to auto ancillary companies throughout India.

RBI makes a cool profit of Rs 2,000 cr on dollar rush

Thu, 20 Nov 2008 00:53:28 GMT

If there is one entity that is making a killing even when global financial markets face turbulence, it?s the Reserve Bank of India (RBI).

RSS Advertising

Thu, 20 Nov 2008 10:11:36 GMT

Listen .......(from Dreamgirls). By Beyonce.
See more info...

Meltdown troubleshooting pack to get nod next week

Thu, 20 Nov 2008 00:53:28 GMT

The bailout package for Indian industry hit by global slowdown is likely to be finalised by the high-level committee of secretaries by the week-end.

Bank loans go the slowdown street

Thu, 20 Nov 2008 00:53:28 GMT

Is this a sign of a slowdown in the economy? Bank loans have dipped by Rs 16,630 crore during the period between October 31 and November 7, 2008.

States to pay 25 bps more for one-year loans

Thu, 20 Nov 2008 00:53:28 GMT

At a time when banks are being advised to lower the cost of funds to boost economic growth, the Centre has raised the interest rates on loans taken by state governments to meet any shortfall in their funds to meet administrative needs.

Citi expects more liquidity easing measures by RBI

Tue, 18 Nov 2008 11:46:07 GMT

Citigroup said that the RBI is likely to further cut policy rates as well as reserve ratios and launch NRI deposit scheme to inject more liquidity into the system.

RBI may consider fresh liquidity steps to propel growth: Mohan

Tue, 18 Nov 2008 11:46:07 GMT

The Reserve Bank of India (RBI) could consider fresh measures to provide liquidity in the country?s financial system to propel economic growth.

Cut excise duties, interest rates to drive demand: CII

Tue, 18 Nov 2008 11:46:07 GMT

CII president and ICICI Bank chief executive KV Kamath has called for excise duty cuts to boost demand and tide over the current economic crisis.