Saudi Arabia has agreed in principle to defer payments for crude oil sales to Pakistan expected to be worth $5.9bn at present rates during Pakistan's present financial year
The unabated rise in inflation is bound to impact the economic growth though it might not be severe, said Subhashish Gangopadhyay, adviser to Finance Minister P Chidambaram. Reflecting the pressures on economy, industry grew by 3.8 per cent in May
The report pointed out that further rate hikes do pose downside risks to Citi's FY'09 and FY'10 GDP estimates of 7.7 per cent and 7.9 per cent, respectively. "...the days of 9 per cent plus growth are over and we
Medical science would also derive huge benefits from use of nanotechnology as detection and treatment of serious diseases like Aids and cancer would be easier. With increasing importance of power generation through non-conventional energy sources, Nano technology would be of
NSA is overseeing the discussion National Test Research Organisation, under the Home Ministry, along with DoT is holding with smartphone maker Blackberry to find a solution where the data traffic passing through the Canadian firm's network could be intercepted by
For innovation, Bharti Airtel and ICICI Bank are followed by Infosys, TCS and HCL Technologies in the top five. These are followed by Anil Ambani-led Reliance Communications, Wipro, Satyam, M & M and Hindustan Lever (now known as Hindustan Unilever
The new clean technology venture capital fund has invested $20 million in California-based Miasole, which is engaged in the development of thin-film solar panels, while the carbon fund has an initial investment commitment of $157 million, the steel-maker said. "The
Just when the markets were recovering came another jolt. Poor IIP numbers for the month of May, triggered a fresh round of selling, especially the capital goods stocks began to slide... Unabted selling, thereafter, saw the index tumble to a
Prices of essential commodities, which include foodgrain, pulses, edible oils, vegetables, dairy products and some other commodities like kerosene, soap, safety matches, have more or less stabilised, the ministry said. The finance ministry based its assessment on the annual inflation
Finance Minister P Chidambaram's adviser Shubhashis Gangopadhyay on Friday predicted that double digit inflation will continue throughout the year 2008 and could impact the economic growth negatively.
In an interview to The Times on Friday, Chief executive of Eros International Kishore Lulla revealed that he was recently approached by a banker to know whether he would consider buying a stake in Steven Spielberg's Dreamworks studio. Noting that
Bajaj Auto's small car dream is set to turn into reality with two of its partners - Renault and Nissan - agreeing to ink two separate MoUs within a month for setting up two joint ventures for the car, which
The excitement about reforms after the Left's departure from the ruling arrangement is understandable. But it is not well-grounded in political realism. Assuming the UPA survives the trust vote, as indications are that it may, if even with a narrow
According to economic textbooks, the currencies of economies with large current-account deficits should depreciate relative to those of countries with surpluses.
KN Shenoy, chairman, CII Institute of Quality, Bangalore, has been providing ground support to Indian industry's efforts to become globally competitive. Quality, after all, is the starting point to competitiveness.
One sector which is definitely making banks happy despite the various rate hikes by RBI is the education loan sector. 2007-08 saw a growth of about 30-40 per cent in the education loan portfolio of banks, and if insiders are
Expressing optimism and giving hope to the country, the Union Finance Minister P Chidambaram said that the economy would bounce back. Speaking after laying foundation stone for Indian Bank's new head office, the FM said that a "right attitude and
Opec cut its forecast of demand for its own crude oil through to 2030 as record prices and environmental considerations encourage consumers to conserve fuel and rely more on biofuels.
