Bank Credit growth has been just three-fourth of what was expected by the apex bank i.e. RBI (Reserve Bank of India). This marks an end to the five year climbing of the bank credit sector. In addition to this, the deposit growth has witnessed strong resurgence. This has led to speculations of interest rates getting [...]
The mounting pricing pressure and slipping volumes are taking a toll on the profits of Indian IT companies. Consequently, the values for the March quarter are all set to appear fragile and weak. Rolta India Ltd. is to suffer a 30% drop in profits and Hexaware Technologies Ltd. is to see a 44% fall in [...]
Though both the industrial output and inflation have been registering a downslide, the former seems to recover from the setback. The investments being made in the various industrial sectors are providing the much needed push to emerge out of the global economic epidemic of il-liquidity. The ‘fluctuations in the wholesale price index’, as reflected in [...]
IT (Information Technology) slowdown is becoming visible in the demand for H-1B visa that has dipped by almost half the value. Statistics from USCIS (US Citizenship and Immigration Services) has shown that the number of applications received for H-1 B visa is 32,5000 as compared to the quota of 65,000 that is available. Since the [...]
On Thursday, EGoM (Empowered Group of Ministers) cleared the allotment of gas output from KG-D6 refinery of Reliance to power companies. This approval from EGoM after a similar permission was granted regarding the fertiliser companies. Among the projects to have a bearing of the decision are ‘Lanco’s Kondapalli’, ‘GVK’s Jegurupadu’, ‘Dabhol power projects’ and ‘GMR’s [...]
Sovereign Wealth Funds (SWFs) have been entering India, after foreign pension pools and portfolio funds tasted success in the emerging economy. In total, nearly Rs.14,850 crore have reached India from government-promoted investment funds. This amount came in since 2000, as revealed by a report from United States Government Accountability Office. Sovereign Wealth Funds, though usually [...]
Wockhardt is eyeing the $33billion biosimilar market and concentrate on products that are waiting for loss of patent protection in 2013-2015. ‘Biosimilar products segment’ comprises biologic medicines’ second versions that use the same mechanism and therapeutic indication as is employed by the innovator product. Though other Pharma companies are also tapping the biosimilar market, Wockhardt [...]
The retail markets from rural regions of India are believed to stand at $300billion, giving an optimistic outlook of the industry after the urban retail domain seems to be shrinking. The per capita income from rural areas has already grown by 50 percent within last ten years owing to the improvements in productivity and jumps [...]
The occasion of UN climate talks that took place in Bonn on Tuesday saw India requesting the rich countries not to impose carbon tariff on steel imports. Rise in climate concerns from European Union and US has caused levying of tariffs on imports of steel as the manufacture of materials like cement and steel as [...]
Confederation of Indian Industry (CII) is to ask West Bengal government to follow the new model Agriculture Produce Marketing Committee (AMPC) Act developed by the Centre. On the sidelines of the arrangement, Venu Srinivasan (CII President and CMD at TVS Motor) and Kurush Grant (CII Deputy Chairman and Chief Executive at ITC) said that industry’s [...]