'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.
The real economy, he said, is now going to enter into quite serious recession, "But if you do the right things, then you could see how you could come out of that recession." In an interview with ABC News, he agreed that the United States would have less power in the world and perhaps American citizens would have less money in the pocket as a result of the crisis.
For those who believe only grey cells set apart leaders from the rest, there is another hair raising observation among corporate America that most of the successful CEOs including Pepsico's Indra Nooyi part their hair to the left, says US business magazine Fortune.
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.
The BSE Realty index slumped 7.7% at 4,335. The IT index dropped 5.5% to 3,597, and the Metal index shed 4.5% at 10,391. The market breadth was extremely negative - out of 2,662 stocks traded, 2,263 declined, 359 advanced and 40 were unchanged on Monday.
Ambani has unveiled an over Rs 1.8 trillion capex plan for the next three years.
India has emerged as the brightest spot in the Asia Pacific region as reform has picked up pace in the country in recent months, a top credit rating agency has said.
'It is unrealistic to expect that security dilemmas and strategic distrust to disappear or even diminish any time soon,' says Rup Narayan Das.
American senator Marco Rubio has dropped out of the presidential race after suffering a humiliating defeat at the hands of Republican front runner Donald Trump in his home state of Florida.
He also accused Pakistan of wanting to destabilise and weaken India through terrorism.
Enthused by India's financial inclusion drive, US-based Accion, one of the biggest micro finance organisations in the world, has renewed its focus in India. Michael Schlein, bottom, left, chief executive officer of Accicon, tells Namrata Acharya in an email interview the Wall Street and Silicon Valley are eager to participate in opportunities presented by the issuance of the small finance and payment bank licences, the expanded banking correspondent opportunities, and the Jan-Dhan Yojna.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
RBI may go for a 25-basis point cut at its February policy meet.
The Reserve Bank of India (RBI) is likely to take a "more dovish" stance in its upcoming monetary policy review on December 2 and may go in for a cut repo rate in February, according to a British brokerage house report.
The share of adults who say the economy is 'very good' (30 per cent) has tripled in the past three years, it added.
Rajan encouraged the Indian-American business community to get involved in the 'nitty gritty of the implementation process,' saying such involvement was not difficult especially since the Indian government has the political will to reform.
A flawless back-nine -- studded with four birdies -- helped Arjun Atwal get over a front nine slump and the Indian turned in a three-under 69 in the penultimate round to rise to the tied 11th spot in the Nationwide Tour's Bank of America Open in Glenview.
Mounting a blistering attack on Prime Minister Narendra Modi, Rahul Gandhi on Friday said the demonetisation drive launched by him was "firebombing of 99 per cent honest people" and not a "surgical strike".
BofA-ML revised its end-2015 rupee-dollar forecast to 60 from 64 earlier.
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
In the latest move, the telco has reduced validity for its Rs 309/509 packages from 84 days to 56
Demonetisation impact, earnings growth, central bank policies will get attention.
The Reserve Bank may cut key interest rates as early as this week.
The global brokerage firm further said that BoP would be INR-supportive.
Reflecting a new sense of bonhomie between India and the United States, top American lawmakers on Wednesday praised the leadership of Prime Minister Narendra Modi and underscored that the bilateral relationship has entered a new phase.
Defensive errors were again a common occurrence in the Arsenal backline, but Fiorentina failed to take advantage.
Following the declining dollar, investor nations are buying gold. There is a discernible return to Gold Standard in global trading from the current Dollar Standard.
'Going ahead, I think the world trade will slow down or decline, and this will be bad for everybody.'
The April-June quarter GDP slipped to 7 per cent from 7.5 per cent.
Charles Prince, chief executive officer, Citigroup has vehemently denied reports that the banking major is planning to shed thousands of jobs and focus outside North America for growth and termed it as 'press voyeurism'.
Strong refining and petrochemical margins seen boosting consolidated net by up to 6%
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
Global growth expectations have slumped to a five-month low.
US President Barack Obama on Monday announced investments and loans worth $4 billion by American agencies as part of measures to bolster trade with India.
Or, what will the Indian policy process allow it to be, says Ajit Balakrishnan.
"We want to trade even more," US President Barack Obama said on Sunday as the two-way commerce between America and India touched a record $100 billion.
'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.
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The rupee resumed lower at 61.15 per dollar as against the last closing level of 60.77 per dollar yesterday at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.44 per dollar before quoting at 61.40 per dollar at 1045 hours.
