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Archive for the ‘News’ 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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Starbucks coffee in India by September

Starbucks Corp, the world’s largest coffee company, signed a deal with Tata Global Beverages to open its first coffee shop in India, a year after it announced its retail foray into the country.

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India present opportunity of $ 1 tn consumer market

PricewaterhouseCoopers (PwC) today said India’s middle class will grow in size to become a USD 1 trillion opportunity to be tapped for various consumer-oriented industries.

The country’s total population will be around 1.36 billion by 2021 of which middle class will account for 570 million.

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Indian Inc creating jobs in US, Europe

With HCL Technologies announcing 10,000 jobs for locals in the US and Europe, India Inc chose the WEF meet to send a strong message that Indian IT firms are creating and not stealing jobs in troubled western economies.

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Reduce interest rates to boost housing demand

Indian’s apex bank, RBI’s decision to cut cash reserve ratio (CRR) will help improve the liquidity position of various sectors, including realty, but realtors feel that interest rates should be brought down to boost housing demand.

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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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Africans want to follow India’s development model

Impressed by the efforts of social entrepreneurs to make the public delivery service more effective, five African countries want to emulate the Indian models of development, said Sam Pitroda .

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