Despite the global financial crisis, Gujarat’s economy was boosted by record-breaking investments made by the Indian diaspora and companies, according to Chief Minister Narendra Modi.
Speaking on the concluding day of the three-day Pravasi Bharatiya Divas (PBD) 2010, the annual conclave of the Indian diaspora, here Friday, Modi said Gujarat has become a top investment destination [...]
Rio de Janeiro, Dec 30 (DPA) At least two million people, including 600,000 tourists, are expected to gather late Thursday on Rio de Janeiro’s world-famous Copacabana Beach to welcome 2010.
As in recent years, a fireworks display is to be the main attraction of the beach party, designed to make the most of the southern hemisphere’s [...]
Beijing, Dec 28 (IANS) Profits of China’s major industrial enterprises in the first 11 months of 2009 rose 7.8 percent from the same period a year ago, the National Bureau of Statistics (NBS) said Monday.
The growth rate was 2.9 percentage points higher than the corresponding period last year, when the global financial crisis started to [...]
Canberra, Dec. 27 (ANI): Australian MPs, who globetrotted for months to get an insight of world affairs, concluded that Zimbabwean dictator Robert Mugabe is “forward-thinking”, the Lebanon-based organisation Hezbollah is “not radical” and chickens in Thailand are scrawny.
Their reports, tabled in Parliament, reveals that they spent 4.9 million dollars on study tours to “investigate” [...]
New Delhi, Dec 24 (ANI): Commerce and Industry Minister Anand Sharma has expressed hope that India’s exports would rebound during January-March 2010.
Talking to reporters on the sidelines of a conference here on Wednesday, Sharma said: “Well as I had said that in this quarter we will be able to arrest the decline and figures [...]
New Delhi, Dec 21 (ANI) : President Pratibha Patil on Monday asked the corporate houses to fully utilise the country’s domestic market to their advantage.
Addressing the concluding session of the ‘India Corporate Week’ here Patil Lauded country’s capacity for [...]
Mumbai, Dec 5 (IANS) Indian investors brushed aside fears of a global financial crisis in the wake of the Dubai World debt debacle. Key benchmark indices added nearly 3 percent from their last weekly close.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended 469.53 points or 2.82 percent higher at 17,101.54 points [...]
New Delhi, Dec 4 (IANS) Investment banker Goldman Sachs Friday said India would post a growth of over 8 percent in 2010-11 and 8.7 percent the following fiscal, thanks to strong domestic demand and greater global liquidity.
‘After two years of below-trend growth, in part due to the global financial crisis, India’s economy, in our view, [...]
Hyderabad, Nov 27 (IANS) India’s recovery from the global financial crisis is fragile though the economic fundamentals are strong, Reserve Bank of India (RBI) Governor D. Subbarao said here Friday.
The country’s exports have declined for 12 months in a row while the inflationary pressure is building up, Subbarao observed while making a presentation on India [...]
Hyderabad, Nov 27 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao Friday said the bank will measure the extent of Dubai’s debt problem as well as its impact on Indian economy.
‘We should not react to instant news like this,’ Subbarao told reporters on the sidelines of a seminar here.
‘One lesson that we [...]
Madrid, Nov 24 (EFE) Spain’s foreign minister has said that the European Union should consider the idea of forming a G-3 along with the US and China if it aspires to be a key world actor.
Miguel Angel Moratinos made the proposal during his appearance before a parliamentary committee to report on Madrid’s priorities during its [...]
Mexico City, Nov 22 (EFE) Mexico’s gross domestic product fell by 6.2 percent in the third quarter relative to the same period of 2008, beating analysts’ expectations, authorities said.
Inegi statistics institute said Friday that, excluding seasonal factors, the country’s GDP rose 2.93 percent in the July-September period compared to the previous quarter, indicating an end [...]
New Delhi, Nov 19 (ANI): The Union Government on Thursday announced that entrepreneurs are free to set up steel plants anywhere in the country except in restricted locations based on their commercial judgement.
In a written statement to the Lok Sabha, Union Steel Minister Veerabhadra Singh said: “According to the New Industrial Policy announced in July [...]
Madrid, Nov 19 (EFE) Spain’s Gross Domestic Product contracted at a slower pace in the third quarter, declining 0.3 percent relative to the previous three-month period and four percent year-on-year, according to final figures from the National Statistics Institute, or INE.
By comparison, the economy shrank 1.1 percent in the April-June period compared with the first [...]
Beijing, Nov.17 (ANI): The United States and China on Tuesday agreed that there was a greater need for both to cooperate better on macro-economic and financial policies.
Presidents Hu Jintao and Barack Obama said that China and the United States will start preparations as soon as possible for the second round of the China-U.S. Strategic and [...]
New Delhi, Nov 16(ANI): Union Finance Minister Pranab Mukherjee on Monday said that there is a need to improve competition in the agricultural market to benefit farmers as well as the consumers.
Addressing a conference on Competition, Public Policy and Common Man in the national capital, Mukherjee said that the ability [...]
New Delhi, Nov 15 (IANS) The $60-billion information technology industry in India will continue to attract overseas business, despite competition from other emerging markets that also offer lower costs, says the India head of global software giant Computer Associates.
‘Our costs will still be competitive. There are markets like China, Singapore, and the Philippines which offer [...]
New Delhi, Nov 12 (IANS) Australia Thursday again assured India that ‘full force of law’ would be used to protect Indian students in that country, and sought to move ties beyond the students’ controversy and uranium sale to a wide-ranging strategic and economic partnership.
Underlining that its position of not selling uranium to countries which have [...]
New Delhi, Nov 11 (IANS) Amid the shadow of repeated attacks on Indian students in his country, Australian Prime Minister Kevin Rudd will hold talks with Indian leaders Thursday aimed at boosting economic and strategic ties between the two countries.
Rudd will begin his two-day whistlestop tour to India from its financial hub Mumbai Wednesday, his [...]
New Delhi, Nov 9 (IANS) With a fresh attack on an Indian in Melbourne, the targeting of Indian students in Australia is set to dominate proceedings when Australian Prime Minister Kevin Rudd comes to India on a two-day visit Wednesday with an agenda to broaden the scope of bilateral ties.
Rudd starts his visit from Mumbai [...]
New Delhi, Nov.8 (ANI): Industrialist Rahul Bajaj on Sunday said inefficiency and corruption were the two main reasons for poor implementation of government projects and there was a need to revamp the system for betterment.
Speaking on the sidelines of the three-day India Economic Summit 2009 in New Delhi, Indian industrialist Rahul Bajaj termed corruption and [...]
New Delhi, Nov 8 (IANS) India may have faced the global downturn better than most countries but the road ahead to accelerated growth will not be an easy one to endure, Prime Minister Manmohan Singh said Sunday.
‘I am happy to say that India has been able to face the global economic downturn better than most [...]
New Delhi, Nov 8 (IANS) Prime Minister Manmohan Singh Sunday predicted India’s economic growth for the current fiscal at 6.5 percent and said it can accelerate to 7 percent next year if monsoon were normal.
‘I am happy to say that India has been able to face the global economic downturn better than most other countries [...]
New Delhi, Nov 8 (IANS) Prime Minister Manmohan Singh Sunday said India will open its doors further to foreign investment and invited entrepreneurs from across the globe to participate in a host of areas, including infrastructure sectors.
‘Our policy will be guided by the desire to make India even more attractive for foreign direct investment,’ the [...]
New Delhi, Nov 8 (IANS) The average non-performing assets (NPAs) of Indian banks during the second quarter this fiscal went up by 26 percent, says an industry lobby report.
According to the report by the Associated Chambers of Commerce and Industry of India (Assocham), the aggregate NPA of 21 banks increased by 26 percent to Rs.25,137 [...]
New Delhi, Nov 6 (IANS) Global hospitality major Marriott International has opened one of its flagship hotels — Courtyard — in Gurgaon, near here, and said it was planning an expansion spree in the country.
The Gurgaon Courtyard is a 199-room four-star deluxe hotel and will commence operations Nov 25. It is among three Courtyard hotels [...]
New Delhi, Nov 2 (IANS) India and the 27-nation European Union will Friday hold their 10th summit that is expected to give a much-needed impetus to a proposed trade pact and expand cooperation in areas ranging from counter-terrorism and the global financial crisis to energy security and climate change.
The daylong India-EU summit is expected to [...]
New Delhi, Nov 2 (ANI): Wuxi, a picturesque city that lies along the Taihu Lake resort of the Jiangsu province, is planning to build a “little India” in years to come in order to become a major service outsourcing center.
Wuxi is traditionally a manufacturing city, [...]
Rae Bareilly (UP), Oct. 31 (ANI): Rae Bareilly, the former constituency of former assassinated Prime Minister Indira Gandhi, remembered her on her 25th death anniversary today.
The area is the political bastion of the Nehru-Gandhi family.
After independence, the Rae Bareilly constituency was won by Jawaharlal Nehru’s son-in-law Feroze Gandhi and later by Indira Gandhi.
“I [...]
Tokyo, Oct 30 (DPA) Japan’s central bank decided Friday to end its purchases of corporate debt at the end of this year as the world’s central banks begin withdrawing emergency measures taken in the thick of the global financial crisis.
With credit now easier to come by, the Bank of Japan also decided at the end [...]
