At a meeting of the Institute of International Finance, a global association of financial institutions, Standard Chartered Bank Chief Economist, Gerard Lyons, raised doubts over the Centre's projections of reducing fiscal deficit from 2010-11's estimate of 5.1 per cent. "I am skeptical whether fiscal deficit can be reduced as planned," he said.
With high prices remaining a concern, Prime Minister's Economic Advisory Council chairman C Rangarajan on Wednesday said all policy measures, like rate hikes and intervention in grain markets, will be undertaken to bring down inflation to comfort zone of 4-5 per cent.
The total amount of money stashed away in tax havens has been estimated at a whopping $11.5 trillion.
Most people around the world know Bruni as Italian-born French songwriter, singer and former model, but few know that she is also the brand ambassador for Global Fund, an international financing institution that invests the world's money to save lives, especially victims afflicted with HIV/AIDS, tuberculosis and malaria.
Outflow of portfolio investment, and consequential decline in the stock market and the value of the rupee are effects of the problems in Eurozone.
The government is keeping a "close watch" on the developments relating to the Tata-Mistry case, but does not want to "interfere" at present as it was an "internal matter" of a private group, Ministry of State for Corporate Affairs Arjun Ram Meghwal has said.
The Indian economy may be booming but when it comes to ease of doing business, it ranks way down at 134th position among 183 countries.
Mukherjee is in Washington, DC to co-chair the US-India CEO's Forum with US Treasury Secretary Timothy Geithner.
India has slipped a notch to 133 in the Doing Business Index, indicating business environment in the country has become tougher during the year as compared to other nations.
The captured Tiger rebel had arrived in the country on January 10 from Geneva in Switzerland, said the Criminal Investigation Department (CID), which made the arrest.
It's also among the top five most valuable Internet companies in India, reports Yuvraj Malik.
Governor Urjit Patel and his deputies spoke to the media about the central bank's decision to raise the repo rate.
A crash by another Formula E driver hits Mahindra Racing, the only team in the circuit, but this disappointment aside, the weekend was saw more action and thrills than a Hollywood blockbuster, says Rajesh Karkera/Rediff.com.
'In the end, investing is about people.' 'If you get the right people, they make things happen,' Mengistu Alemayehu tells Shyamal Majumdar.
The visit of Prime Minister Manmohan Singh worked. On conclusion of his short trip to Pittsburgh to attend the G-20 summit, he was in upbeat mood.
The bank said that Mulford has a long association with Credit Suisse dating back to start of his investment banking career at White, Weld and Company as Head of International Finance. He was responsible for coordinating efforts with its partner, Credit Suisse White Weld on international business.
"We have signed an MoU with Cisco to make an investment in GIFT and help us evolve our technology platform. The American giant is likely to invest over $2 billion in the project," a top government official of GIFT said. Cisco is also expected to pick up some stake in the project. However, the details are still being worked and it will take about three-four months to finalise the deal, the official added.
This is in addition to the $3 billion (around Rs 15,000 crore) infrastructure fund being set up in association with the Macquarie group and International Finance Corporation. Though SBI would be a late entrant to the private equity space, Bhatt was confident that it would not be a deterrent.
Of the 17 cities figured in the World Bank and International Finance Corporation's "Doing Business In India 2009" report, Jaipur, Hyderabad and Bhubaneshwar are the other cities where it is easier to start a business.
Did men and women of redoubtable experience and public service, upholders of the country's steel frame and paragons of corporate governance, never smell a rat?
State Bank of India (SBI) and Macquarie Capital Group said on Wednesday they intended to raise a new $2 billion fund that would invest in direct infrastructure investment opportunities in India.A memorandum of understanding was signed by SBI and Macquarie to manage the proposed fund. The International Finance Corporation (IFC), as one of the fund's cornerstone investors, will also have a stake in the proposed fund management company.
The FoBs were constructed by the Army Engineers in a record 117 days.
The proposed bullion bank can help settle gold loan accounts in gold terms, and promote existing gold schemes, along with launching schemes including gold-recurring deposits.
India is set to attract huge amount of inflows from global pension and endowment funds as the World Bank's private equity arm International Finance Corporation on Tuesday appointed Mercer, the world's largest fund adviser, to conduct an in-depth study on the Indian corporate sector.
BSE proposes two models for making gold trading and investment transparent
The International Finance Corporation is the private sector arm of the World Bank GSPC Gas, which is in the business of distributing natural gas to households and vehicles in Gujarat, has lined up an initial investment of $140 million for laying new pipelines for gas and building the infrastructure needed for gas distribution in cities. It may use the IFC fund to partly finance this expenditure.
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
Forget Starbucks coming into India. Witness the expansion of Caf Coffee Day, which is set to mushroom across the country.
Finance Minister P Chidambaram said that the stock market is not the sole indicator of India's economy. The volatile stock market is merely reflecting the turbulence in global financial markets, he noted. Since developed and Asian countries are undergoing upheavals, it is getting reflected in India's stock markets too. He said the rupee is appreciating against the dollar as the dollar is weakening due to US slump. Rupee is not rising to the same extent against Euro and Yen.
The Maharashtra government, which is finding difficult to get investors for irrigation projects in the state, has now decided to rope in the International Finance Corporation (IFC), World Bank's lending arm for the private sector.
India remains North Korea's 2nd-largest import source after China, according to several estimates by multilateral bodies, says Subhayan Chakraborty.
India slipped two notches to rank at 122nd, below neighbours including Nepal, Bangladesh and Pakistan in the 'Doing Business Report 2009' prepared jointly by the International Finance Corporation and the World Bank.
India has become a focus of private equity firms with deals worth more than $5.9bn this year, 50 per cent more than the total for all last year. Most of the leading firms have set up in India or are finalising plans to do so.
.jpg)
The rupee has also been bolstered by inflows into equities and debt this month, despite concerns about the withdrawal of the U.S. Federal Reserve's monetary stimulus and China's economy.
International Finance Corporation will take up 18 per cent stake in domestic stocks and commodities brokerage firm Angel Infin Pvt Ltd for Rs 152 crore. US-based Goldman Sachs and Australia's Macquarie will pick 40 per cent stake in PTC India Financial Services Ltd, a non-banking financial arm of power trading firm PTC India Ltd, for Rs 155.74 crore (Rs 1.55 billion).
Trade publications, including Screen International, write that the 44-year Australian will lead the international cast that includes Soham Shah from Gandhi's acclaimed Ship of Theseus.
The Ministry of Consumer Affairs is conducting an in-depth financial audit of some consumer awareness NGOs that have received financial assistance from it in recent years.
Work on projects worth Rs 1,000 cr in full swing: Gift City
There is a need in Mumbai to create a fully empowered city government to manage urbanisation with political and financial accountability.
In the current financial year, TPC has planned capital expenditure of Rs 2,670 crore for their projects in Trombay, Haldia and in adding capacity to their wind power and digiset generating systems.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances