State Bank of India Chairman O P Bhatt says the bank did differ with the Reserve Bank of India's views on a host of issues, but it was unfair to blame the country's largest bank for taking care of the interests of the aam aadmi (common man).
Describing the third quarterly performance of the bank as 'very positive', ICICI Bank managing director and CEO Chanda Kochhar said on Monday the bank has emerged stronger on all parameters recording an operating profit of 22 per cent minus treasury income.
The RBI, in its third quarter monetary policy review, raised by 75 basis points (to 5.75 per cent) the mandatory deposits banks need to park with the apex bank to tame inflation. The move is likely to suck Rs 36,000 crore (Rs 360 billion) out from the system.
Infosys CEO Kris Gopalakrishnan has called for enhanced efforts to ensure adequate funds for the small and medium industries as the sector has a crucial role in creating jobs and promoting growth.
Networking giant Cisco Systems on Monday said it has frozen the hiring process and is adopting a wait and watch policy due to the global slowdown besides cutting costs up to $2 billion through various means. Cisco is adopting a wait and watch policy of 6-8 weeks before taking any decisions. It also plans to cuts costs up to $2 billion through measures like slashing travel costs.
India has exuded optimism that it would continue to maintain economic growth rate of 7-7.5 per cent next fiscal, the same level it is expected to register in the current fiscal, even as its neighbour China termed its lower growth projection of 8 per cent in 2009 as a tall order.
Broadly speaking, maternity insurance should include all costs related to pregnancy, from delivery to care in hospitals. There are some maternity insurance that also covers the prenatal visits. For example, ICICI Lombard's Health Advantage Plus offers health insurance with OPD cover that would include pre-natal tests and medication expenses.
"Indian democracy provides for both kinds (elected and nominated). Prime Minister Manmohan Singh, if he had chosen to contest this year, would have certainly won from anywhere in the country," Tharoor said.
After rating different factors, the World Economic Forum's new Travel & Tourism Competitiveness Report 2007 has ranked India as low as 65 among a total of 124 countries.
Aditya Mittal, the son of LN Mittal, the family that pulled off the audacious Arcelor acquisition just last year proves that a businessman of Indian origin can actually rule the world.
There are several major imponderables in the world economy, which could lead to financial instability.
"The Central government thought that the COVID-19 pandemic has ended and they were also applauded by the World Economic Forum. However, they didn't know that there would come a stage when there would be no testing and there would be no oxygen," said the senior Congress leader.
Congress president Sonia Gandhi and Prime Minister Manmohan Singh will not be able to attend the annual World Economic Forum meeting to be held at Davos from January 24-28 next year.
The Indian Social Entrepreneur of the Year 2006 award is to be announced on Monday, and there are four contenders.
Pakistan on Thursday said that the country's air force struck terrorist hideouts in Iran's Siestan-Balochistan province, a day after Islamabad recalled its ambassador from Tehran in the wake of Iranian missile and drone strikes in Balochistan.
India was ranked 50 among 127 countries which were evaluated by the World Economic Forum (WEF) for their 'network readiness'. Last year, it was ranked 44 out of 122 countries. Thus, the country has slipped four places in a constant sample from 200607.
Many developing countries are using WiMax deployments to leapfrog past copper wires, notes the World Economic Forum (WEF) Global Information Technology Report 2007-08. For instance, in India, Worldwide Interoperability for Microwave Access, or WiMAX, has been promoted as the answer to the country's last-mile connectivity issues.
Commerce and Industry Minister Kamal Nath has said a hefty cut in the US interest rates will have a positive impact for the Indian exports, but industry leader Rahul Bajaj felt the move will further hit exporters. "The US Fed's decision would rather boost Indian exports to America as it would raise demand in the biggest economy of the world," Nath said at the World Economic Forum annual meet in Davos.
Pakistan's ministry of foreign affairs said that the violation of Pakistan's sovereignty is "completely unacceptable" and warned of serious consequences.
"I'm short the dollar," Gates, chairman of Microsoft, said in an interview at the World Economic Forum in Davos, Switzerland.
Musharraf said he was confident that bilateral talks would gain momentum after the February 18 general elections in Pakistan.
In the ongoing World Economic Forum, Kamal Nath asserted that US recession will not slow down India's economic growth.
FM will participate in WEF meet at Davos. Global equity woes likely to dominate talks at the meet.
This failure of basic short-term policy is surprising, given the star power that this government brings to its economic management.
Andhra Pradesh Chief Minister N Chandrababu Naidu met CEOs of several global companies and participated in "India Networking" session at the World Economic Forum meeting in Davos
Under attack from the international community for not reining in terrorist outfits, Pakistan on Thursday said that it will not allow use of its territory for terror activities."I assure you and I assure the House that I will never ever allow my soil, Pakistani soil to be used for terror activities," Pakistan Prime Minister Yousuf Raza Gilani said at the World Economic Forum in Davos.Terming the Mumbai incident as 'unfortunate', Gilani said, "We condemn terrorism."
Social entrepreneurship is a marriage between effective business techniques and social good. It is something that Mahatma Gandhi pioneered, Uday Khemka tells Business Standard.
China and India evoked the highest levels of confidence among major economies at 45 per cent and 40 per cent, respectively. The US was at 36 per cent, Canada at 27 per cent, the UK at 26 per cent, Germany at 20 per cent, France 18 per cent, and Japan having the least optimistic CEOs with only 11 per cent very confident of growing revenues in 2020.
The Dubai Model is now revealed to be a mirage and one hopes that India's leaders would have drawn the appropriate lessons from it, says Mohan Guruswamy.
"We plan to hire 2,000 people in the next four-five months or by the end of this fiscal. Currently we are 16,000 people in India."
Minister for Communications, IT and Divestment Arun Shourie would lead a delegation to the World Economic Forum to be held in Davos (Switzerland) during January 20-25.
The 56 Indian businesses surveyed in 2004-05 expressed some concern over the impact of HIV/AIDS. Of these, 46 per cent report some current effect of the virus on their company, with 14 per cent reporting 'serious effects.'
44% citizens of the world agree that the eradication of poverty and hunger is the most important priority for the world, says the Voice of the People survey, carried out for the WEF, by Gallup.
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