According to IDC report 'India Domestic IT/ITeS Market Top 10 Predictions for 2009', the country's IT/ITeS market growth rate is expected to fall to 16.4 per cent in the coming five years till 2013 from an average of 24.3 per cent during 2003-08. This slower rate of growth will see enhanced competition leading to a rapidly changing strategy and continuous market re-alignment on the part of players, IDC said in a statement.
Kevin Anderson spoiled the American party at the US Open when the big-serving South African beat local favourite Sam Querrey 7-6(5), 6-7(9), 6-3, 7-6(7) to reach his first Grand Slam semi-final on Tuesday.
"The CPI(M) is of the firm opinion that PNs should be prohibited, as has been recommended by the RBI," a statement issued by the CPI (M) Politburo said, coinciding with the market meltdown on the SEBI's proposals to curb such offshore derivatives. The CPI (M) said massive pull-out of funds which induced a huge fall in the market reflected defiance of regulatory institutions by the FIIs.
Outlook for external sector is the most favourable.
Anil Ambani group's Reliance Power on Monday made its debut on the bourses, listing at a premium of over 20 per cent, but slipped below the issue price in early morning trade.
Sukanya Verma looks at the jhoola, and how it's an unforgettable part of many a Bollywood imagery in celebration, romance, frolic and, sometimes, even menace.
RBI has reiterated its faith in the Indian economy but it has also put forth some key concerns that have the potential to derail the growth engine.
Even in the face of the ongoing US meltdown (see end of article for more details) the BPO industry provides some of the most lucrative job opportunities on the market today.
As many as 30 companies saw their share prices rising to new life-time highs, while 51 stocks got stuck at their upper circuit limit. While the stocks scaling new peaks included some known names like Essar Shipping, Southern Ispat and Usher Agro, the list of those hitting upper circuit limit were mostly penny stocks belonging to T and Z groups of the BSE.
With the Indian stock markets clawing back after the Monday meltdown, an investment advisers' survey says that global emerging markets are predicted to be the best performers in the next three years.
Education companies have withstood the recent bear onslaught on the stock markets as they have a great future ahead.
Royal Challengers Bangalore learnt it the hard way that star power does not always guarantee success after succumbing to the lowest ever score in the Indian Premier League (IPL) in Sunday's match against Kolkata Knight Riders.
Cryptocurrency exchanges face issues with their current bank accounts.
The pressure on dollar is also causing lower risk appetite
With global economy still firmly on the growth path, equity markets do not seem to be in any serious danger.
Fast meltdown of Himalayan glaciers threatening survival of Ganges, Indus.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was sharply higher by 0.62 per cent at 93.96.
The net worth of the five richest - Mukesh and Anil Ambani, KP Singh, Sunil Mittal and Azim Premji - on Monday plunged by Rs 11,015 crore (Rs 110.15 billion), taking their total loss to about Rs 67,200 crore (close to $17 billion) since October 17, when the meltdown began on the bourses.
The combined average assets under management of the 33 fund houses in the country dropped to Rs 5,64,599.28 crore (Rs 5,645.99 billion) at the end of June as compared to Rs 6,00,266.32 crore (Rs 6,002.66 billion) in May, according to data released by the Association of Mutual Funds in India. Reliance Mutual Fund continues to be the top fund house in the country despite its average AUM falling to Rs 90,813.45 crore (Rs 908.13 billion).
Images from Day 4 of the French Open, at Roland Garros, in Paris.
Indian stock market indices have climbed close to their all-time highs, even as key overseas indices such as the Dow Jones, FTSE 100 and Nikkei 225 are reeling under the sub-prime meltdown in the US.
Australian maverick Nick Kyrgios blazed past Feliciano Lopez with a barrage of aces to reach the semi-finals of the ATP 500 Fever-Tree championships at Queen's Club on Friday. The 23-year-old was in dazzling form as he claimed a 7-6(5), 7-6(3) victory over the defending champion to set up a clash with top seed Marin Cilic, who breezed past Sam Querrey.
The Bombay Stock Exchange has re-entered the trillion dollar club worldwide.
So as we can see, the appreciation of the yen to 112 yens to a dollar, has led to the profit of the carry trade investor coming down drastically to 1.78 per cent.
Perhaps the way forward could be the introduction of uniform rating standards - on the lines of accounting standards for the accounting profession - with a separate regulating authority for enforcing those standards, says Sudipto Dey.
Finally, gold prices have started heading south this week. Prices of yellow metal tumbled to an eight-month low of Rs 8,600 per 10 gm
Naomi Osaka defeated Serena Williams 6-2, 6-4 in a dramatic women's singles final at the US Open to claim her first career Grand Slam title on Saturday.
The combined assets under management of the 32 fund houses in the country fell to Rs 5,49,114.82 crore (Rs 5,491.14 billion) in January, against Rs 5,49,942.02 crore (Rs 5,499.42 billion) at the end of December, 2007, latest data available on the website of Association of Mutual Funds in India show.
Gautam Adani's plan to build one of the world's biggest coal mines in Australia has been hampered time and again.
It would be a huge achievement if the new administration manages a successful transition to some sense of domestic and international normalcy in these frantic times marked by the pandemic and rise of illiberal regimes across the world, observes Shreekant Sambrani.
Investors lost as much as 20 per cent of their money put into equity focused mutual funds over the past one month as the benchmark stock index Sensex dropped about 11 per cent during the same period.
Meanwhile, Real Mallorca made a dream return to La Liga with a 2-1 victory over Eibar at the Estadi Son Moix on Saturday, less than two months after sealing back-to-back promotions to rejoin Spain's soccer elite.
V Vaidyanathan, former executive director at ICICI Bank who turned entrepreneur to run Capital First, an NBFC that caters to smaller businesses, tells Pavan Lall in an exclusive interview that his new entity post the merger of Capital First and IDFC Bank which will be called IDFC First will launch by January and cater to a new India with value services.
Making information available to all will solve only part of the problem. The biggest problem is a complete lack of understanding of mutual funds.
Maria Sharapova responded to a scolding from her coach to beat Italy's Francesca Schiavone 7-5, 2-6, 6-1.
DLF opened on a weak note in the Bombay Stock Exchange on Monday at Rs 500.05 and then declined further and hit an intra-day low of Rs 488.60, a 6.43 per cent fall from its previous close. The realty major was quoted at Rs 490, down 5.76 per cent at 10.41 am and over 3.54 lakh shares exchanged hands on the BSE.
Do a thorough research on the course and the university, and see what extra it offers apart from a regular degree, says Rohit Sethi.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
Adani Exports and GlaxoSmithKline Consumer were the only two A-group stocks that ended in the positive territory.
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