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Archive for the ‘india’ Category

Indian Inc with global presence did better in 2011

A study revealed that Indian firms with overseas presence have performed better in 2011 compared to entities focused on the domestic market alone.

The findings come amidst signs of Indian economy, which was less impacted by the global financial meltdown of 2008, slowing down due to various domestic as well as global factors

The study, conducted by workplace solutions provider Regus among 387 Indian companies, found that 212 companies with overseas operations posted better financials compared to 175 respondents that are focusing on domestic markets.

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Bank to disclose defaulters in newspapers

India’s largest lender, State Bank of India, will name and shame ‘wilful’ defaulters and will display their pictures in newspapers to get them to pay up.

“The fresh approach will ruffle a few feathers,” the paper quoted a bank executive as saying.

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Tax slab in 2012 – 13 budget unlikely to change

The Budget for 2012-13 is unlikely to tinker with the rates or widen the slabs for both direct as well as indirect taxes, despite chambers seeking more money in the hands of people to prop demand.

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Pvt Sector banks to work as govt agent

The Apex Bank, Reserve Bank of India maintained  that all private sector banks will now be considered eligible to handle any Central or State Government business at par with public sector banks.

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India’s per capita income grew by 15.6 %

India’s per capita income grew by 15.6 per cent to Rs 53,331 per annum in 2010-11, crossing the half-a-lakh rupees mark for the first time, according to government data.

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Mission to help Indian PSUs to go global

Indian missions abroad will be actively involved to help the government-owned firms realise their global ambitions to acquire critical raw material assets overseas, the Department of Public Enterprises (DPE) has said.

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India Presents galore of opportunities for Investors

In a bid to improve the economy the Western world should get into emerging markets including India and China.

Stating that “sky is the limit for investors” in India, conglomerate Hinduja Group’s Co-Chairman G P Hinduja said the investment in the emerging countries would help both sides to improve their economies.

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Intl Airlines cautious of stakes in Indian aviation

Several major international airlines seem to be wary of picking up stakes in the loss-making Indian carriers at this stage, even as the government plans to take steps to allow them to do so.Even before the government formally notified changes in the aviation policy that currently bars foreign carriers from investing in Indian airlines, officials and spokespersons of major international airlines have said they were not interested in investing in the Indian aviation market.

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Indian currency most undervalued: Burgernomics

As per the latest Big Mac index, compiled by the Economist magazine to analyse purchasing-power parity of various global currencies, Indian rupee is most undervalued.

The price of Big Mac burgers of McDonald`s is considered for the index for the reason of the presence of fast-food chain across most of the countries and the magazine calls this theory `burgernomics`.

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India in a better position to tackle slowdown

The International Labour Organisation (ILO) think India is expected to withstand the latest global slowdown better than most countries, if it ensures rising income levels for the working class and enough jobs for a growing working-age population.

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Gold open new market for loans

With credit demand has been declining because of high interest rates, banks have stepped up lending against the glittering yellow metal. Financing against gold being a secured form of lending, and higher margins are the key reasons why banks are expanding this portfolio.

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India among the most innovative country

India has been ranked the sixth most “innovative” country in the world in multinational conglomerate GE’s Annual Global Innovation Barometer, driven by financial support from public authorities and long-term support from investors.

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Govt to consider FDI in India aviation

India’s troubled airline industry saw a potential lifeline on Tuesday when the Aviation Ministry said it would ask that the government to allow foreign airlines to buy stakes of up to 49 percent in Indian carriers.

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Indian Inc optimistic about growth

The business outlook of Indian entrepreneurs for 2012 is resilient despite economic turmoil the world-over, with “unreserved optimism” for the growth prospects of the Indian economy this year, says a survey by global consulting major Grant Thornton.

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India ranks 123rd as free economically country

India’s economic freedom score is 54.6, making its economy the 123rd freest in the 2012 Index of Economic Freedom, after Pakistan which ranked 122.

 Countries are ranked based on measures including rule of law, how open their markets are, regulatory efficiency and size of government.

“India’s score is unchanged from last year, with an improvement in labor freedom offset by declining scores in five other areas including business freedom, freedom from corruption, government spending, and monetary freedom,” the Heritage Foundation said.

India is ranked 25th out of 41 countries in the Asia–Pacific region, and its overall score is below the world average.

The reasons, it said, are that the foundations for long-term economic development remain fragile in the absence of an efficiently functioning legal framework, despite a high economic growth.

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