Netherland-based TomTom, a provider of location and navigation services, boosted its presence in India by increasing its stake in its Indian joint venture to 90 percent from 60 percent.
India's annual rate of inflation for food articles declined 0.29 percentage points to 12.30 percent for the week ended October 30, 2010, from 12.59 percent in the previous week, according to a government release on Thursday.
British private equity firm 3i Group Plc reported a profit and a rise in net asset value for the first half, and it lifted its interim dividend by 20 percent to 1.2 pence.
At the closing plenary session of the G20 business summit in Seoul, South Korea, David Cameron, the British Prime Minister, praised the host country’s miraculous economic advances and also highlighted some major themes underlying the purpose of the G20.
The Reserve Bank of India (RBI) on Thursday fixed the reference rate for euro at 61.11 rupees and the reference rate for the U.S. dollar at 44.39 rupees.
Ranbaxy Laboratories Limited (RLL), India's largest pharmaceutical company, said on Thursday its consolidated net profit stood at 3.13 billion rupees ($67 million) for the third quarter ended September 30, 2010, as compared to 1.16 billion rupees ($24 million) in the same period a year earlier.
DLF Limited, India’s largest real estate company, said on Thursday its consolidated net profit fell 5 percent to 4.18 billion rupees for the second quarter as compared to 4.4 billion rupees for the same quarter last year.
Indian equity markets are trading lower by 29.17 points or 0.14 percent on Thursday with consumer durables, metal, healthcare and auto sectoral indices are in the gaining side and telecom, IT and realty sectoral indices are in the negative side.
Low voter turnout and allegations of fraud marred the polls in Myanmar. Counting is currently under way as polling booths closed in the late hours of Sunday. Though official figures are yet to be released, media reports suggest that not many people were enthusiastic about the elections. This is for the first time in 20 years that the Burmese people have been allowed to vote.
The US Federal Reserve' s quantitative easing can lead to asset bubbles as the money goes in search of equity, property and other such assets in a low-interest rate scenario, said Kaushik Basu, chief economic advisor to India's finance minister.
Peripheral Europe faces waning public demand because of austerity measures, conditions that make exports difficult, and a banking sector that has not recovered well from the financial crisis. All this comes at a time when recovery is still fragile and the risks of a double-dip recession are real.
U.S. President Barack Obama announced 20 new trade deals with India worth about $10 billion, which are likely to create around 53,000 jobs in the United States. Deals ranging from sale of heavy transport and commercial aircraft, to gas and steam turbines have been inked. Obama, who is on a 10-day trip through Asia, presided over a meeting of U.S. and Indian executives in India's financial capital of Mumbai.
India's annual wholesale price index (WPI) for food articles declined to 12.85 percent for the week ended October 23, 2010, according to a government release on Thursday.
In the current economic malaise of high pervasive unemployment and growing uneasiness over immigration, the H-1B visa program (among others) has come under tremendous criticism.
One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)
Tata Consultancy Services (TCS), India's top IT services firm, said on Wednesday it signed a 5-year infrastructure management services contract worth more than AUD $50 million with Australia-based renewable energy company AGL Energy Ltd.
The Finance Minister, Pranab Mukherjee has appreciated that the monetary policy tightening by Reserve Bank of India (RBI) in its mid quarterly policy review by increasing interest rates.
Global demand is increasingly shifting to emerging economies, and American firms, especially small businesses, should adjust to this new reality.
India’s budding cloud computing market is expected to touch $1 billion in the next five years, according to a survey.
Infosys has voiced concern over Ohio's move to ban IT outsourcing to offshore locations such as India.
As a growing oil consumer and importer, China is taking strategic steps to secure its oil imports from the Middle East by strengthening its influence in the South Asia/Indian Ocean region.
Douglas Clayton, chief executive officer of private equity fund manager Leopard Capital, has launched his second fund focused on Cambodia.
