(BANGALORE) India's information technology and IT-enabled services industry will more than double in size by 2012, led by a fast-expanding domestic market, according to a report released yesterday.
Wednesday, April 30, 2008
Indian central bank hikes cash reserve ratio
(NEW DELHI) India's central bank yesterday unexpectedly ordered lenders to set aside more reserves for the second time in two weeks to tame runaway inflation.
Tuesday, April 29, 2008
India extends tax break for software companies
(NEW DELHI) India's Finance Minister Palaniappan Chidambaram yesterday extended the income tax exemption for software companies by a year to March 31, 2010. Software stocks rose.
10-satellite payload beats Russian record
(BANGALORE) An Indian rocket launched a record 10 satellites into orbit in a single mission yesterday, underlining the nation's emergence as a major competitor in the multi-billion-dollar space market.
Monday, April 28, 2008
Protests force New Delhi to shelve bus lane expansion
(NEW DELHI) India's capital has put the brakes on a grand project to speed up New Delhi's bus network which has caused massive traffic jams in the city of 18 million, officials said yesterday.
Sunday, April 27, 2008
India's population expected to reach 1.2b by 2011
(NEW DELHI) Indian Home Minister Shivraj Patil has said that the population is expected to reach 1.20 billion by 2011, according to a report posted on the website of the Indian Home Ministry last Friday. The minister made the prediction on Indian population on Thursday when he was inaugurating a two-day data users' conference for the 2011 census, organised by the Registrar General and Census Commission on Thursday.
Use CGI For Quality Websites
Few people now some of the newer terms used in Internet protocol request and guides. CGI is one of the largest culprits. CGI stands for Common Gateway Interface and deals directly with how and why a...
Source: http://www.goarticles.com/cgi-bin/showa.cgi?C=218526
Saturday, April 26, 2008
Bharti posts 37% rise in profit
(NEW DELHI) Bharti Airtel, India's top mobile phone firm, reported yesterday that profit rose 37 per cent, beating estimates, after winning the most customers in a market that's poised to overtake the US as the second largest.
India likely to account for 60% of world's heart disease cases
(LONDON, PARIS) India, expected to account for 60 per cent of the world's heart disease cases by 2010, could prevent many deaths by ensuring the poor get better access to treatment, Indian and Canadian researchers said yesterday.
Friday, April 25, 2008
Inflation rate hits 7.33% as Indian central bank heads for rate review
(NEW DELHI) India's annual inflation rate held close to three-year highs above 7 per cent in mid-April, presenting the central bank with a dilemma of how to deal next week with rising prices and signs of slowing economic growth.
FTA with China not a priority for India
(NEW DELHI) The Indian government on Wednesday said that a free trade agreement with China was not a 'priority' for India due to 'deep divisions' within the government and opposition from the industry.
Thursday, April 24, 2008
India to lift foreign stake cap in defence industry
(NEW DELHI) India's defence ministry plans to raise the 26 per cent cap on foreign direct investment in the country's defence industry, a move aimed at attracting global military and aerospace companies to invest in the country.
Merrill, other banks sell US$13b debts
(NEW YORK) Investment banks including Merrill Lynch & Co, UBS and Wachovia Corp sold more than US$13 billion in new debt on Tuesday in a move to shore up their balance sheets.
Wednesday, April 23, 2008
India expects bumper rice, wheat harvests
(NEW DELHI) India, the world's second-biggest grower of rice and wheat, may harvest record crops after adequate rainfall and sunshine boosted yields, helping the government tame inflation that's near a three-year high.
India signals steps to contain rising prices
(NEW DELHI) India's federal government is planning to take several steps, including banning the exports of some commodities, to control the rising prices of food, cement and steel, Finance Minister P Chidambaram said yesterday.
Tuesday, April 22, 2008
India revises merger rules for telecoms sector
(NEW DELHI) India yesterday set revised rules for mergers amongst telecoms firms, restricting the market share of the joint entity to 40 per cent of the country's subscriber base.
Reserve hike will hit State Bank, ICICI most
(MUMBAI) State Bank of India and ICICI Bank Ltd, two of the nation's biggest banks, will be worst hit by the central bank's decision to increase the amount of cash they must hold with it, a Goldman Sachs Group Inc analyst said in a report.
Monday, April 21, 2008
New software orders lift Satyam Q4 profit 19%
(BANGALORE) Satyam Computer Services Ltd, India's fourth-largest software services provider, reported profit rose 19 per cent in the fourth quarter after the company won more software orders.
Gary Lineker backs plans for Gandhi statue in UK
(LONDON) Plans for a statue of Mahatma Gandhi in the British city of Leicester have got the backing of local football hero Gary Lineker - whom many wanted on the plinth instead.
Sunday, April 20, 2008
Richest cricket league kicks off
(BANGALORE) The world's leading cricketers will put aside national allegiances for six weeks from now as the Indian Premier League Twenty20 competition starts a new era where teams are owned by billionaires and businesses.
Reversing brain drain heralds new Indian era
THERE is increasing evidence that India is emerging as the hotspot for job seekers, both for fresh graduates and senior executives, further underlining what has been described as a 'reverse brain drain'.
Saturday, April 19, 2008
Banks ordered to set aside more reserves
(MUMBAI) India's central bank ordered banks to set aside more money to cool lending, adding to government efforts to rein in inflation running near a three-year high.
Friday, April 18, 2008
Wipro Q4 profit up 2% as revenue climbs 29%
(NEW DELHI) Wipro Ltd, India's third-largest software company, yesterday said its net profit for the January-March quarter rose 2 per cent from a year ago, buoyed against the slowdown in the US economy by growth in revenues from India, the Mideast and Asia Pacific.
Biggest India pension fund invites manager bids
(NEW DELHI) India's largest pension fund yesterday invited bids from fund managers to manage its flagship scheme, with a corpus of more than 1.56 trillion rupees (S$53 billion), an advertisement in the Times of India newspaper said.
Thursday, April 17, 2008
Inflation falls from 3-yr peaks
(NEW DELHI) Indian inflation fell from three-year peaks in early April, but many analysts expect it to hold up above 7 per cent in coming weeks, and persisting pressures could prompt the central bank to tighten cash conditions.
Gandi opera at the Met reaches out with help of yoga teachers, posters
(NEW YORK) On bus stops and phone kiosks throughout Manhattan, huge posters ask: 'Could an opera triumph where war never has?' It's a strange enough question to make pedestrians step closer.
Wednesday, April 16, 2008
Sistema gets radio spectrum for mobile networks
(DAVOS) AFK Sistema, Russian billionaire Vladimir Yevtushenkov's holding company, said it obtained enough radio frequencies to build mobile-phone networks in India capable of reaching 650 million people.
Herculiner In Progress.............
Here we go! Second cruiser I've herculined. Was really impressed with how the first one came out. Here's pics!! I'll post more later when it's all done. Attached Images.
Source: http://forum.ih8mud.com/60-series-wagons/216243-herculiner-progress.html
Tuesday, April 15, 2008
Infosys posts lower-than-expected profit
(BANGALORE) Indian software giant Infosys Technologies yesterday posted a lower-than-expected fourth quarter net profit as the US economic slowdown led clients in its biggest market to pare down spending.
Monday, April 14, 2008
Enough rice stocks, so India may ease export controls
(MUMBAI) Rice prices may have peaked after doubling this year and India, which curtailed exports to strengthen domestic supply, is likely to ease some controls on overseas sales, Indian traders and industry officials say.
Sunday, April 13, 2008
India bans cement exports, may put curbs on steel
(NEW DELHI) India has banned export of cement from Friday and was considering a similar move for steel, Trade Minister Kamal Nath confirmed on Saturday, as the government aims to calm inflation.
Saturday, April 12, 2008
IT firms' growth to slow on US economic woes
(BANGALORE) India's top software services companies are set to report modest rises in profits compared with the boom times of recent years as a sluggish US economy crimps outsourcing deals, and the sector's growth is set to slow further.
Carving a £1.7m niche in history
(LONDON) A gold encrusted dagger once owned by the Indian emperor who built the Taj Mahal has sold for more than £1.5 million (S$4.02 million) at an auction in London - three times its expected price.
Friday, April 11, 2008
Examination stress is killing Indian students
THE flip side of high growth, rising incomes and opportunities is taking a toll on Indian students.
A New Type of Mafia Story
In "Saraceno," Djelloul Marbrook has crafted an entirely new variety of gangster tale. The story of a Mafia hit man and his friend, the grandson of the godfather, as each searches for his own ...
Source: http://www.goarticles.com/cgi-bin/showa.cgi?C=869754
How An XML Content Server Creates the Necessary Interoperability Within Your Business
The XML language is continuing to make strides as a standard within the World Wide Web. Even if your organization is not currently using http://www.goarticles.com/cgi-bin/showa.cgi?C=874797
Once booming India now faces inflation fears
(NEW DELHI) Months ago, the talk of India appeared to be shooting stock prices, brave business deals and cricket wins. Now, in a New Delhi vegetable market swarming with flies, chatter has turned more mundane, and angry, to rising prices.
Thursday, April 10, 2008
Central bank to unveil measures to curb inflation
(MUMBAI) India's central bank will announce measures to curb inflation, which has reached a three-year high, deputy governor Rakesh Mohan said. 'An apt and detailed response will be available in the annual policy,' Mr Mohan told reporters on Wednesday, in response to questions on inflation. 'We are constantly reviewing and analysing global and domestic developments as these are important.'
Student quota policy upheld by top court
(NEW DELHI) India's top court upheld a law setting aside more seats for the underprivileged at institutions such as the Indian Institutes of Technology and the Indian Institutes of Management, a move that had sparked student agitations in 2006.
Delhi mulling ways to check rising steel prices
(NEW DELHI) India is considering measures such as a cut in import duty on steel products to help contain prices, which have become a concern, newly appointed junior steel minister Jitin Prasada said on Tuesday.
Dubai telco eyes stake in Indian mobile firm
(DUBAI) Emirates Telecommunications Corp (Etisalat) said it is in talks with several Indian telecoms companies about making an acquisition before the summer to enter the world's second-largest mobile phone market.
World Bank clears loan to India coal-fired plant
(WASHINGTON) The World Bank approved financing for a US$4.2 billion coal-fired power plant in India on Tuesday despite calls by environmental groups to wait for further analysis of the costs and environmental impact.
Wednesday, April 9, 2008
BG to sell LNG in India, expand city gas business
(MUMBAI) Britain's BG Group plc will start selling imported liquefied natural gas (LNG) in India later this year, and is keen to expand its city gas business in the energy-starved country, the head of its Indian unit said.
February industrial output seen to have grown 7.9%
(NEW DELHI) India's industrial output in February is forecast to have grown an annual 7.9 per cent, rebounding from the previous month but still well below last year's highs due to a tight monetary stance.
Tata chairman planning to invest US$15b in Brazil
(BRASILIA) Ratan Tata, chairman of India's Tata Group, plans to invest about US$15 billion in Brazil, local media reported on Monday.
Tuesday, April 8, 2008
Africa, India cosy up as trade and politics top agenda
(NEW DELHI) India will ease access for exports from the world's poorest countries, Prime Minister Manmohan Singh said yesterday, as he opened a summit with African leaders with calls for fairer global economic and political representation.
Green groups seek delay on coal project
(WASHINGTON) Environmental groups called on the World Bank to delay a decision yesterday on funding for a US$4.2 billion coal-fired power plant in India until more analyses of costs and environmental impact are done. In a letter to the United States representative at the World Bank, Whitney Debevoise, six environmental groups said the bank could not effectively fight climate change while also funding high carbon-emitting projects, such as the 4,000-megawatt Tata Mundra coal project in Gujarat state.
Rising prices threaten supplies
(LONDON) From Cairo to New Delhi to Shanghai, the run on rice is threatening to disrupt worldwide food supplies as much as the scarcity of confidence on Wall Street earlier this year roiled credit markets.
India panel urges 100 small steps in financial reform
(MUMBAI) An Indian panel set up to analyse liberalisation of the financial sector to quicken growth in Asia's third-largest economy has suggested greater competition among banks, better regulation and the creation of new markets.
India plans 5m tonne strategic grain reserve
(NEW DELHI) The Indian government has decided to establish a strategic reserve of five million tonnes of food grains - over and above the buffer stock - to meet emergency situations due to domestic inflation and tightening wheat and rice prices in the global market, local newspaper The Hindu reported.
Central bank should shun rate rises
(MUMBAI) India should use measures that drain excess money from the financial system instead of raising interest rates, to curb inflation at a three-year high, said former central bank governor Bimal Jalan.
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