Barely a month after he stunned the world by saying that oil prices will soon cross $200 per barrel, Goldman Sachs' ace oil analyst Arjun N Murti is now predicting that $200 levels for oil are unsustainable, and the demand for oil will drop drastically pulling down its price to around $75 per barrel.
Goldman Sachs analyst Arjun N Murti says crude oil prices may touch $200 in the next two years.
The Pay Commission is an administrative system/mechanism that the government of India set up in 1956 to determine the salaries of government employees. The First Pay Commission was established in 1956, and since then, every decade has seen the birth of a commission that decides the wages of government employees for a particular time-frame.
Kolkata-based Tara International has teamed up with China's Aucma, a leading player in the electrical vehicles and appliances segment, to manufacture this car.
A recession is a decline in a country's gross domestic product (GDP) growth for two or more consecutive quarters of a year. A recession is also preceded by several quarters of slowing down.
The Bombay Stock Exchange benchmark Sensex crossed the 21,000 level in early morning trade for the first time on Tuesday on heavy buying by funds.
The stock market barometer Sensex on December 11 won over the 20,000-point mark after flirting with it for as many as 45 days -- the third longest courtship for a thousand-point milestone.
The Sensex crossed the 20,000-mark on the back of aggressive buying by funds ahead of the US Federal Reserve meeting.
So what are these participatory notes? And why do they have this huge impact on the Indian securities markets? Read on
The Sensex has conquered the 19,000-mark backed by revival of funds-based buying in blue chip stocks in metal, capital goods and refinery sectors.
The Sensex opened with a positive gap of 70 points at 16,969.
The scheme, with a budgetary allocation of Rs 11,300 crore (Rs 113 billion) in its first year, was made effective February 2, 2006, across 200 districts in 14 states across India.
The NSE Nifty is also at a new high at 4659, up 113 points.
Silicon Valley venture capitalist Vinod Khosla has earned a year's worth of bragging rights -- he is the only person of Indian origin to feature in Vanity Fair's annual power list of 100 most influential people.
Nokia on Tuesday issued a warning over its mobile BL-5C batteries manufactured by Matsushita Battery Industrial Co Ltd of Japan between December 2005 and November 2006, saying that the batteries may overheat while charging.
Finance Minister P Chidambaram has announced that soon biometric PAN cards may be issued to reduce chances of duplication and to ensure better tax compliance.
The TCS total income for the quarter stood at Rs 5,203 crore, up 25.2 per cent as against Rs 4,225.62 crore (Rs 42.246 billion) in Q1 FY07.
Genpact has been ranked India's best third party ITES-BPO company, followed by WNS Global Services at the second spot and Transworks Information Services taking the third slot.
Check out the historic rise of the BSE Sensex over the years.
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