India's economy grew 8.8 percent year-on-year in the June quarter, the strongest performance in more than two years, powered by robust manufacturing growth.
Workers were evacuated from the tsunami-damaged Fukushima nuclear plant on Sunday after radiation levels surged 10 million times higher than usual, dealing a major blow to efforts to avoid a meltdown of the reactors. The radiation in the water is 10 million times higher than that seen usually in the No 2 reactor complex, according Tokyo Electric Power Co, the operator of the plant, 250-km northeast of capital Tokyo.
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Japan's second nuclear reactor in the quake-stricken north experienced serious troubles on Sunday after its emergency cooling system failed, triggering a fresh radiation threat, a day after a blast rocked the site following a massive quake and tsunami in which thousands of people are feared dead.
It is hardly surprising that the Reserve Bank of India's decision to revive a plan, first mooted in 2007, to introduce credit default swaps (CDSs) in India has met with considerable apprehension.
The remittances increased from $26.37 billion duringthe same period in the previous year, as India provided much better returns.
Economic Survey says Indian carriers operate in an exceptionally high-cost environment.
The Economic Survey today pegged the fiscal deficit for 2010-11 at 4.8 per cent, lower than the Budgetary estimates of 5.5 per cent, on the back of higher realisation from 3G spectrum auction and buoyancy in revenues.
The civil aviation industry, which was hit hard by the global financial meltdown and high fuel cost, saw a strong recovery in 2010 with the domestic passenger traffic rising 19 per cent to 51.53 million, the Economic Survey said on Friday.
'Under-employment continues to be a very big problem.' 'What we see today is many youth who would have accepted any kind of job are not willing to accept any job.' 'They are ready to wait for a better job, one that justifies their educational qualification. 'This is one of the reasons why unemployment has risen.'
The US government's $700 billion-bailout programme, aimed to bolster the country's crisis-ravaged financial system, is projected to cost as much as $109 billion to the American taxpayers.
Independent directors were supposed to safeguard the interest of all stakeholders.
According to the RBI report, the unrest in the global economy continue, it can impact the jobs in the country's labour-intensive sectors and may even affect domestic demand.
Apple's iconic chief Steve Jobs has been taking home a salary of just $1 at least for the past three years.
World number one Rafael Nadal suffered a rare second-set meltdown before recovering to beat plucky Slovakian Lukas Lacko and join rival Roger Federer in the Qatar Open quarter-finals on Wednesday.
Driven by high growth of 8.9 per cent of the manufacturing sector, the economic growth in the current fiscal is likely to be 7.2 per cent, the CSO said in its advance estimates for the national income released on Monday.
'The credit for managing Trump should go to Modi.' 'Biden is a predictable and rational person with plenty of administrative experience,' notes Ambassador T P Sreenivasan.
As markets gain momentum, investors are again being lured into investing in ULIPs but they may face the heat in case markets fall.
Lehman Brothers, whose collapse worsened the global financial crisis in late 2008, slumped into bankruptcy as the entity failed to get the necessary support from the US authorities, former chief Richard S Fuld has said.
Hatoyama is the first Japanese PM to visit India in 25 years.
The Miami Heat recovered from their Game Two meltdown in the NBA Finals by edging the Dallas Mavericks 88-86 on Sunday to take a 2-1 lead and regain the home-court advantage in the best-of-seven series.
Turbulence in financial markets could mean that 'exit' from expansionary policies will be delayed.
Battered by the financial meltdown, which turned worse in late 2008, the American economy has seen millions of jobs losses.
To mitigate the impact of the economic slowdown on their businesses, a majority of Indian firms have implemented significant cost reductions and are reviewing their operational effectiveness, a PwC survey says.
Welcoming government's decision to keep the common man in focus in the Union Budget, country director of United Nations Development Programme Deirdre Boyd said the enhanced funding to social sector will also help India achieve the Millennium Development Goals.
British newspapers were unsparing in their condemnation of the England soccer team after they were defeated 4-1 by Germany in the second round of the World Cup in Bloemfontein on Sunday.
The Reserve Bank of India on Tuesday said it was starting to unwind some of the extraordinary policy easing and liquidity support measures taken to shore the economy up against the global credit crisis and economic slump.
The commerce and industry ministry may withdraw incentives offered to certain export-oriented industries and reallocate these to the sectors that are struggling for survival after a review in April.
Hours before the party's convention, Chairwoman of the Democratic party Debbie Wasserman Schultz resigned.
The exports data for September would be announced next month. The exports data for September would be announced next month.
The duty reduction and work towards the goal of GST has helped industry to remain competitive in the market.
The Indian middle class remains optimistic about their future and the prospects of the country's economy, despite the global financial meltdown, says a report.
Here we present a list of the 10 biggest banks of the world in terms of market capital and brand value, as compiled by www.brandirectory.com.
Here we present a list of the 10 biggest banks of the world in terms of market capital and brand value, as compiled by www.brandirectory.com.
Preeta Misra, head, financial education solutions, Dun & Bradstreet -- India, said, "The economic downturn has opened up opportunities for companies in India, as with the decrease in the attrition rate of employees, companies can now have the crucial talent they need. They can identify and build leaders for tomorrow and set up efficient internal processes in place to build the future growth."
During the last few years, finance ministers like P Chidambaram and Jaswant Singh limited their pre-Budget discussions to representatives from the industrialists' lobby, economists, farmers and trade unions. This time, Pranab Mukherjee has held exclusive meetings with exporters, the financial sector, electronics and information technology. He will also hold a meeting with the finance ministers of the states.
Foreign direct investment in India may erode sharply from the record $42 billion in 2008 with trans-national corporations going slow on expansion plans following the global financial meltdown, says an UNCTAD report.
Interest rates may harden a bit by the end of the current financial year, according to C Rangarajan, chairman of the Prime Minister's Economic Advisory Council.
A 6.8 magnitude earthquake has hit off the coast of Japan, with its epicentre located some 150 kilometers from the city of Namie in Fukushima prefecture triggering a tsunami alert, RT News reports.
