The International Olympic Committee's financial reserves edged close to one billion dollars in 2012 up from just $105 million (67 million pounds) when outgoing president Jacques Rogge took over 12 years ago, he said in his final report on Sunday.
Long working hours, earnings that fall short of meeting household expenses, arbitrary deactivation and blocking of identity (ID) by platforms, and high physical and mental stress are among the major issues plaguing workers of the booming gig economy in India, a report based on a survey has found. Nearly 83 per cent cab drivers reported working for more than 10 hours in a day, while 78 per cent delivery personnel worked for the same duration, showed the report released on Monday, titled "Prisoners on Wheels" and based on a survey by the University of Pennsylvania and the Indian Federation of App-Based Transport Workers (IFAT).
With import duty on gold raised to 8 per cent, smugglers are back at work.
Market players attribute the rally in small and midcaps to flows from retail investors and domestic institutions.
The consistently heavy downpour of films, shows, events, videos and whatnot is causing economic disruption.
Did you know Dev Anand worked as a clerk at a salary of Rs 85 before he became an actor?
With the GDP of India predicted to be in between 8-9 per cent this year, the over 300 million middle class population was set to spearhead the growth of the non-woven and technical textile industry, Dr Ramkumar Seshadri, Texas Tech University, said in an analysis.
The direction of gold prices will depend on central banks, bullion banks and leveraged hedge funds.
Mystery surrounded the two powerful 'explosions', which were heard on Monday in the Pakistani capital and the nearby garrison city of Rawalpindi, with reports suggesting that they were caused by aircraft breaking the sound barrier.The loud bangs, heard in the twin cities at about 11 am, rattled the windows of buildings and caused tension among the people. TV channels initially reported that explosions had occurred within the cantonment area of Rawalpindi.
Navyroof.com, a company that highlights investment opportunities in the most upcoming areas of India to the UK investors, Managing Director Andrew Fassnidge said : "All the economic indicators project a bright, sustainable future for India. In the last two years alone, property prices in India increased by 70 per cent." India is also seen as an attractive destination due to the Indian government recently relaxing rules for foreign investment in the housing sector.
Andhra Pradesh, once a model state with total prohibition, has witnessed a tremendous increase in the consumption of liquor. In spite of a growing movement against small liquor shops in the rural areas, 60,000 people have filed tender applications for the 6,800 retail liquor shops in the state, aiming to cash in on the lucrative business.Twelve years after total prohibition was lifted by the then Chandrababu Naidu government, Andhra Pradesh is one of the largest consumers.
'A cutback in hiring and compensation growth by IT companies will have a significant impact on consumer demand, especially in the urban sector of the economy.'
While super hits like Jawaan are missing this year, it has been filled with a range of medium-range hits such as Crew, Teri Baaton Ne Uljhaa Diya and Guntur Kaaram, observes Vanita Kohli-Khandekar.
AT&T has applied for a mobile licence in India in partnership with Mahindra Telecommunications, a local telecoms company, and Mr de la Vega said it was hoping to acquire spectrum for its wireless services.
Velammal Institutions is the catalysing force behind this chess revolution in Chennai
India's first $1 trillion company by market capitalisation (mcap) is achievable by 2032 and HDFC Bank and Reliance Industries (RIL) are seen as lead contenders, ICICI Securities said in a note on Monday. To achieve this, the shares of both the firms will have to appreciate at least 20 per cent annually for the next decade. ICICI Securities believes this is possible if India's gross domestic product (GDP) growth accelerates to 9 per cent per annum and corporate profitability cycle peaks. "Our calculations suggest that India's first $1 trillion mcap stock could emerge by 2032.
