The year 2015 is likely to see lower rates to support growth and the Reserve Bank is expected to cut key policy rates by 0.25 per cent in February's monetary policy review meet, says a Bank of America Merrill Lynch report.
Six companies led by India-origin people including banking behemoth Citigroup and soft drinks major Pepsico have been named among the greenest American companies by Newsweek magazine.
The Budget has changed the rules for Indian citizens and persons of Indian origin visiting India. Instead of 182 days, the number of days has been reduced to 120. You will be treated as a resident of India for tax purposes if you stay in the country for more than 120 days in a financial year and 365 days in the past four years. One consequence of the change will be that people of Indian origin who reside outside India will be able to spend a smaller number of days in the country if they wish to keep their non-resident status intact, points out Sanjay Kumar Singh.
Major institutes see rise in summer placements; consulting, BFSI, e-commerce firms are top recruiters, says Vinay Umarji.
The report said the import cover has gone down to seven months, last seen in 1998 and hence, RBI will focus on recouping the reserves.
Cohen, 52, was sentenced to 36 months in prison by the US District Court for the Southern District of New York.
Sanjay Mookim, India equity strategist at Bank of America Merrill Lynch, tells Puneet Wadhwa that this is not a time for investors to dabble in relatively small and illiquid stocks.
New Delhi has made it clear that any blow to its outsourcing industry would make the country less receptive to helping American companies that run into trouble in India
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
This was the fifth consecutive quarter when the Indian markets have seen positive flows from FIIs.
Finance -- the most battered sector by the global meltdown -- is making a strong comeback.
Tata Iron and Steel Company on Friday said it has signed a loan agreement with International Finance Corporation for availing a $300 million loan to fund its future projects.
'The Northeast is the biodiversity saviour of the country,' says Sikkim MP Prem Das Rai. 'Thirty to 40 per cent of the biodiversity of the country is housed in the Northeast. It is the battery of India. Not only oil and gas but it has a hydroelectricity capacity of 70,000 MW. It has so much colour and diversity within itself.'
Citigroup's Vikram Pandit may have been named among worst CEOs ever in America, but in terms of financial performance for the first quarter of this year, the banking behemoth has emerged as one of the best performers among the US companies run by persons of Indian origin.
Prequel to take you where no Star Trek has gone before.
He also accused Pakistan of wanting to destabilise and weaken India through terrorism.
Donning the role of a commander ill-equipped to save the Titanic of banking world, Citigroup's India-born chief Vikram Pandit has found a place among the 20 worst ever CEOs in the American history, but the top honours has gone to bankrupt Lehman Brothers' Dick Fuld.
Rajan had overturned the majority opinion of the members and chose to hold the rates at the last monetary policy review in October.
'Indian diplomacy faltered amidst multiple failures of statecraft.' 'The functionaries responsible must be held to account for their abject failure,' asserts Ambassador M K Bhadrakumar.
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
The global brokerage firm believes that CRR cut is likely to help cut lending rates and revive growth sentiments.
Thinking big, China is changing the world order; with mixed priorities, we can but tag along, writes T J S George.
The US President is extremely interested in this, as the secretary of state is," Roemer told US lawmakers at confirmation hearing when senator Richard Lugar citing a recent World Bank report informed him that there are 828 million Indians living on less than $2 a day.
India-born PepsiCo chief Indra Nooyi has been the news recently for her trip to China, her remarks about the US Fed and her ability to handle the financial crisis.
Even as the business world is reeling at the amount of money that has been lost, the real tragedy is being enacted in the homes, hearts and minds of the individual victims the hundreds and thousands of people whose financial ability has been decimated, whose glowing future is suddenly unclear.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
Gains in financial shares capped further downslide.
'Significantly, Foreign Secretary Gokhale was received at very high level in Beijing.' 'It only shows China's keenness to move forward and put the relationship on a 'win-win' footing,' says Ambassador M K Bhadrakumar.
Though valuations have moderated, they are still above average.
He may go through bankruptcies, but he couldn't be a savvier self-marketer.
Open space festival in New York city celebrates classical dances.
To provide exporters/importers greater flexibility in risk management, RBI enhanced the limit available to exporters to 50 per cent
As the US government intensified its crackdown on corporate fraud, America's leading investment banks and brokerage houses have announced they will pay a hefty fine totalling $1billion to settle allegations of conflicts of interest.
Defensive errors were again a common occurrence in the Arsenal backline, but Fiorentina failed to take advantage.
Infosys has opened its first Latin American developmental centre in Mexico.
Vemuri holds about 400,000 shares in IGATE which, at an offer price of $48 apiece, will give him $19.2 million
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
Brokerage firm Bank of America Merrill Lynch (BofA-ML) on Monday said the ongoing US government shutdown is positive for the country, as it gives additional time to recoup the forex reserves.
'This is not only a fight against corruption and black money, this is also a fight against terrorism and counterfeit currencies.'
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