Indian stocks have emerged as the best performers among the BRIC nations as well as developed markets across the globe, giving investors highest return of nearly 114 per cent in the just concluded 2009-10 fiscal.
According to a survey by PricewaterhouseCoopers, titled, US Private Company Trendsetter Barometer, 51 per cent of US private companies with an international presence plan to do business in BRIC countries in the next one to two years.
Government-owned banks lead the market by size in the BRIC countries -- accounting for 50 per cent of total banking sector assets in China, 40 per cent in Brazil and Russia and reaching 70 per cent in India.
Brazil's alternative energy company, Cemig, tops the list of Environmental Tracking (ET) BRICS 300 Carbon Ranking.
'ISRO Chairman Dr. Somanath's leadership truly created history and we extend our hearty congratulations to him and his team,' Venugopal said on X, formerly Twitter.
With the economy slowing down, where does India rank against Brazil, Russia and China?
India's position in Human Development Index was 136 out of 187 countries in 2012. It ranked 134 in 2011.
India is now on the Moon and the success of the lunar mission has sounded the bugle for the emergence of a developed nation, Prime Minister Narendra Modi said on Wednesday as Chandrayaan-3 landed successfully on the lunar surface.
The talks are following up the outcome of the 19th round of Corps Commander-level talks held between the two sides on August 13-14 at the Chushul Moldo border meeting point.
The volatile situation in Libya and some other countries in that region, which has caused "uncertainty" with regard to energy supplies and prices, is expected to be discussed at a five-nation summit to be attended by Prime Minister Manmohan Singh in China.
The NDB will have an initial authorised capital of $100 billion.
National Security Adviser Shivshankar Menon on Thursday will represent India in the meeting of high representatives of national security of the BRICS nations in New Delhi, a statement released by the Ministry of External Affairs said on Wednesday.
In a first-of-its-kind step, Brazil, Russia, India, China and South Africa (BRICS) will be signing an agreement on Thursday under which they would be able to give credit and grants to each other in their own currency instead of dollars.
Cautioning that the traditional sources of economic growth are under stress coupled with fresh uncertainties around the globe, Prime Minister Manmohan Singh on Tuesday said that it would be to the advantage of five-nation BRICS (Brazil, Russia, India, China and South Africa) grouping to coordinate in key areas of development.
'The message that India has conveyed since the start of this conflict is clear and consistent. It is important to prevent escalation to ensure continued delivery of humanitarian aid and to work towards an early restoration of peace and stability. A peaceful resolution of the conflict through dialogue and diplomacy is the only way forward'
Modi said there were a slew of 'matching priorities' between the business council and that of his administration, including dismantling trade barriers, promoting skills development, establishing manufacturing supply chains and infrastructure development.
India would be represented by agriculture minister Sharad Pawar, who arrived in Moscow on Wednesday night on a three-day visit.
While all the four countries have seen a sharp rise in their currencies against the US dollar, the pace of rupee appreciation is only next to the Brazilian real since the beginning of this year.
The BRICS states need to pin down China on long-term norm-based values, ideas and concrete proposals and programmes for the mutual benefit of the constituent member states.
Russia proceeds "from the postulate, a negotiated solution to the Palestinian-Israeli conflict has no alternatives," said Putin while speaking at the Commonwealth of Independent States summit in Bishkek, Kyrgystan on Friday.
Even though the Life Insurance Corporation of India increased its market share to 74 per cent in terms of total new business premium policies in March 2007, compared with 72 per cent in March 2006, it has lost market share.
Prime Minister Narendra Modi was accorded a warm reception as he arrived at the Indian Space Research Organisation headquarters in Bengaluru on Saturday morning.
Shortly before the commencement of the Sixth G20 Summit in Cannes, France, leaders of the emerging, but powerful, economies -- Brazil, Russia, India and China -- met with the intention of designing a joint strategy on how to tackle the Eurozone debt tsunami that could overrun the developing nations causing havoc.
The grouping of Brazil, Russia, India, China and South Africa had in March decided to establish a new development bank -- BRICS Bank -- to finance infrastructure projects and to create a $100 billion contingency fund to tackle any financial crisis in emerging economies.
Prime Minister Manmohan Singh on Thursday left Durban for home, ending a four-day visit during which he attended BRICS (Brazil, Russia, India, China and South Africa) Summit that decided to establish a development bank to finance infrastructure projects in emerging economies.
India was the second largest filer of international trademark applications among the BRICS nations in 2014.
The first-quarter foreign trade growth between China and the other four nations of BRICS (Brazil, Russia, India, China and South Africa), was 16.3 percentage points higher than China's average foreign trade growth during the period, China's General Administration of Customs said.
Kamath also served on the board of Infosys.
The government is "extremely disappointed" with the latest report of the Moody's rating agency on India's economic outlook. The report, a senior government official said, was highly contradictory and called the rating agency's credibility into question. Referring to the Moody's statement that "India's fiscal strength remains a key weakness in the sovereign credit profile...", the official remarked: "How can my strength be my weakness? Moreover, they are unwilling to have a like-to-like comparison with India."
Emerging nations --Brazil, Russia, India and China -- have raised $131.1 billion from the debt markets in the year so far, while India's share stands at just over one-sixth of the kitty. BRIC countries raised the funds through debt markets in a total of 606 deals in 2007 so far, against $120 billion mopped via 736 deals in the year-ago period, according to data complied by global consulting firm Dealogic.
Western business is not fully prepared for the imminent impact of emerging markets but India is perceived as the most comfortable "Brics" economy in which to do business, a new study found.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
India and China on Monday held a fresh round of military talks with a focus on disengagement of troops in the remaining friction points in eastern Ladakh and ease overall tensions in the region.
'The two sides should support rather than undermine each other, strengthen cooperation rather than guard against each other, and enhance mutual trust rather than be suspicious of each other'
Declaring India's readiness to contribute to global efforts to overcome the economic crisis, Prime Minister Manmohan Singh arrived in Yekaterinburg on Monday night to attend the Summits of Shanghai Cooperation Organisation and Brazil-Russia-India-China.
The impact of the sell-off on local equity markets was widespread among developing countries, but some were hurt more than others. Russia emerged as the worst performer among the four BRIC nations and saw the highest 72.5 per cent decline in local currency terms during last year.
Prime Minister Narendra Modi on Saturday unequivocally said that repatriation of black money kept abroad is a "priority" for his government, as he sought close global coordination to achieve this objective.
Users jocularly wondered if the name of institutions such as the Indian Space Research Organisation, the Reserve Bank of India and the Board of Control for Cricket in India will be changed.
Rating agency says the country may lose its investment-grade status on growth concerns; finance ministry begs to differ
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances