The Economic Times provides a good analysis of the latest inflation figures, released last Thursday. Food inflation is at a six-month high of 11.43 per cent with vegetables 25 per cent costlier on an annual basis, fruits dearer by 11.96 per cent, milk by 10.85 per cent and eggs, meat and fish by 12.82 per cent. “This double-digit inflation comes on top of a very high level of price rise recorded in October last year, when it stood at 14.20 per cent — already a [...]
(ANI): A Gujarat Bhawan release said today that Resident Commissioner Bharat Lal received the award on Modi from Union Finance Minister Pranab Mukherjee at a function held here. Gujarat Chief Minister Narendra Modi has bagged the India Business Leader- CNBCTV 18 Award 2012 for his outstanding contribution to Indian business. The release further said that the BJP Government in Gujarat under Modi’s leadership has achieved an unprecedented double digit economic growth in spite of the global financial crisis. Gujarat has registered a GDP growth of over 10 percent [...]
Jan 092012
The Indian stock market is likely to see highly volatile trade with an upward bias in the coming week, with the trading sentiment to be dictated by the Q3 corporate earnings season, which kicks off when IT bellwether Infosys declares its results on January 12, say analysts. The stock market may see some advances during the week on hopes that the RBI may cut rates to stoke economic growth as inflation slows, they said. Industrial production numbers may also have some impact on the trading sentiment this week. However, [...]
Jan 052012
District cooling, which uses chilled water to cool buildings, is being tried in a few places such as Toronto, Cornell University and Masdar City in Abu Dhabi. Its proponents say the technology consumes 90% less energy compared with traditional air-conditioning. Now, it will be used in Gujarat’s Gandhinagar very shortly. In automated vacuum waste collection systems, garbage is sorted out and then sucked away at high speed through underground tubes to a central location, which can be as far as 20 km away. It is being used [...]
Earlier an Indian dreamt of going to the US for better future. Today, the US beckons Indians to come and create better future for their country. The new research by US National Foundation for American Policy (USNFAP) 2011 says that 46% – 23 of the country’s top 50 venture-funded companies had immigrant founders, most of them having India, especially Gujarat, as their common place of origin. These Indians, including Gujaratis, have created an average of 150 jobs per company in the US and hence the US needs [...]
Dec 152011
YOU CAN MAKE A HUGE DIFFERENCE TO THE INDIAN ECONOMY BY FOLLOWING FEW SIMPLE STEPS:- Please spare a couple of minutes here for the sake of India. I got this article from one of my friends, but it’s true. I can see this in day to day life. Here’s a small example:- Before 12 months 1 US $ = IND Rs 39 After 12 months, now 1 $ = IND Rs 50 Do you think US Economy is booming? No, but Indian Economy is Going Down. Our economy is in your hands…. INDIAN economy [...]
Washington: US Congress has pushed ahead to freeze $700 million aid to Pakistan until Islamabad comes up with a strategy to fight the spread of Improvised Explosive Devices (IEDs) in the region, a step which is likely to deepen crisis between the two countries. Reflecting a bipartisan toughening of stand, the negotiating panel of the House of Representatives and the Senate, on yesterday unanimously agreed to freeze the 700 million aid to Pakistan as they reached a compromise on a sweeping $ 662 billion Defense Authorization [...]
Mumbai: The Indian rupee tanked by 56 paise to an all-time low of Rs 53.40 against US dollar in early trade due to persistent demand for the American currency from banks and importers on the back of a higher dollar in overseas markets and weak domestic equity markets. The rupee resumed lower at Rs 53.10/11 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 52.84/85 per dollar, and dropped further to an all-time low of Rs 53.40 per dollar before quoting at Rs 53.27/28 per dollar. [...]
Farmers like Avtar Singh Sidhu, who sells potatoes to PepsiCo for its Lays chips and has sold baby corn and other vegetables to Wal-Mart’s local partner, the Indian conglomerate Bharti, argues that foreign retailers will be a boon to India’s struggling agricultural sector. The multinationals, he said, will buy directly from farmers and pay better prices than local wholesalers. Already, he said, PepsiCo is offering 6 rupees per kilo (or 11 cents) for his potatoes, while local traders offer only 3 rupees (6 cents). “We [...]
During the last 20 years, Wal-Mart has moved into communities and destroyed them, wiping out stores, slashing the tax base, and turning downtown areas into ghost-towns. This is accomplished through Wal-Mart’s policy of paying workers below subsistence wages, and importing goods that have been produced under slave-labor conditions overseas. Often, communities will even give Wal-Mart tax incentives, for the right to be destroyed. Wal-Mart both reflects, and is, a major driving force for America’s deadly implementation of the Imperial Rome model. Unable to produce physical [...]
Get ready to loosen up your pocket because there will be steep price rise in Hard disk all around the globe. This is basically due to Thailand floods due to which the prices has one up . Thailand is responsible for a large number of drives being sold, globally. Seagate and Western Digital, two of the biggest hard drive brands have their manufacturing units, there. Western Digital’s factories were reportedly affected by the floods and needless to say, their production took a beating. Since then, there has [...]
With his inspiring and great managerial skills Institute of Finance and International Management (IFIM) one of the B-schools in Bangalore has introduced the Steve jobs as the part of curriculum. The management students will now study his life and works of former CEO of Apple Inc as a part of their topic on leadership. It will be great opportunity for the management students to explore the qualities which made this person “The CEO of the Decade” . The persons who had worked with jobs in the past said ”Jobs was more concerned with [...]
Samsung Galaxy Note has now arrived in India and it will be first available at one of the most popular malls, ‘The Great India Place’ in Noida. The device is expected to hit other retail stores by next week. In India the that starting price according to the company will be around Rs 34,990. The Samsung Galaxy Note comes equipped with a 13.4-cm (1280 x 800 pixels) 285 PPI HD Super AMOLED display, an 8-megapixel camera with LED Flash along with a [...]
Maruti Suzuki India is now involved in a fresh controversy in which the workers have allege that the management has paid bribes to end the long strike which has caused the company a huge loss. The workers believe that both Shiv Kumar and Sonu Gujjar were given Rs 1 crore each and that the Haryana government has promised them flats and cars in Delhi. They also alleged that 28 other workers who had resigned were given Rs 20 lakh each. These allegations could not, however, be independently confirmed and both Maruti [...]