Indian real estate market likely to fall

Following the recent terrorist attacks in Mumbai, India, real estate in India is expected to be significantly affected, analyst´s say.

Cong sidesteps questions about Shivraj Patil

The Congress on Saturday night sidestepped questions whether Union Home Minister Shivraj Patil and Maharashtra Chief Minister Vilasrao Deshmukh should be held responsible in the wake of the terror attacks in Mumbai.

Patil resigns, Chidambaram to be home minister

Mr P Chidambaram will be the new home minister. The finance ministry will now be under the direct charge of the Prime Minister.

Major Terrorist Attacks in India

The NSG troops took around 60 hours to flush out all the terrorists from the three targeted paces - Taj, Oberoi and Nariman. Well trained militants smuggled into India through sea way. The nation witnessed the drastic attack in which many civilians including foreigners have lost their life.

The cross border terrorism was the prime cause and repealing of POTA could be a set back in tacking the terrorism. In India always reports of intelligence failure reported always after any major incident of terrorist attack. No doubt that Mumbai attack was the biggest ever attack in India, but can the nation forget the attack on its sovereignty, Parliament attack and Ayodhya attack.

This is not the first time that bomb blasts and terror activities are seen in India. Here are some major attacks in India:

• 29 October 2005 Delhi bombings : Three explosions went off in the Indian capital of New Delhi on October 29, 2005 (two days before the Hindu festival of Diwali) which killed more than 60 people and injured at least 200 others. The high number of casualties made the bombings the deadliest attack in India of 2005.It was followed by 5 bomb blasts on 13th September 2008.

• 11 July, 2006 Mumbai Blasts in Local Trains: More than 180 people are killed in seven bomb explosions at railway stations and on trains in Mumbai that are blamed on Islamist militants.

• 18 May, 2007 Hyderabad Blast: A bomb explodes during Friday prayers at a historic mosque in the southern city of Hyderabad, killing 11 worshippers. Police later shoot dead five people in clashes with hundreds of enraged Muslims who protest against the attack. Three coordinated explosions at an amusement park and a street stall in Hyderabad kill at least 40 people on 25 Aug, 2007.

• Jaipur Blasts on 13 May, 2008: in which 63 people were killed in seven blasts.

• Bangalore Blast on 25 July and Ahmedabad blasts 26July.

• Delhi Blasts on 13 September killed around 18 people.

• Mumbai Blasts and Attacks on 26 November more than 100 people killed and many injured. The ever biggest attack in Mumbai.

The list will much more and more. Listing of all the incidents would be a solution but the proper and hard provision is required to stop terrorism in India and let the people live peaceful life. (All the information are based on media reports.)

Top 100 IT Companies of India

1. Tata Consultancy Services (TCS)
2. Infosys Technologies Ltd
3. Wipro Limited
4. Hewlett-Packard India Pvt. Ltd
5. IBM India Limited
6. Satyam Computer Services Ltd.
7. HCL Technologies Ltd.
8. Intel Technology India Pvt. Ltd.
9. CISCO Systems India Pvt. Ltd.
10. Patni Computer Systems Ltd.
11. Cognizant Technology Solutions India
12. HCL Infosystems Ltd.
13. Mahindra-British Telecom
14. Redington (India) Limited
15. i-Flex Solutions Ltd.
16. Oracle India Pvt. Ltd.
17. Moser Baer India Ltd.
18. Microsoft Corporation (India) Pvt. Ltd.
19. NIIT Limited
20. TATA Infotech Ltd.
21. iGATE Global Solutions Ltd.
22. Ingram Micro India (P) Ltd
23. Sun Microsystems India Pvt Ltd
24. Polaris Software Lab Ltd.
25. Samsung India Electronics Ltd.
26. Perot Systems TSI (India) Limited
27. SAP India Pvt. Ltd.
28. American Power Conversion
29. Celetronix India Pvt. Ltd.
30. Computer Associates India Pvt. Ltd
31. Dell Computer India Pvt. Ltd.
32. Hexaware Technologies
33. Larsen & Toubro Infotech Ltd.
34. Siemens Information Systems Ltd.
35. Mastek Ltd.
36. CMS Computers Ltd.
37. Texas Instruments India Pvt. Ltd
38. Honeywell Technology Solutions Lab
39. Acer India (Pvt) Ltd.
40. MphasiS BFL Ltd.
41. Datacraft India Limited
42. Nortel Networks (I) Pvt Ltd
43. Syntel (India) Ltd.
44. Flextronics Software Systems Ltd
45. Kanbay Software India Pvt. Ltd.
46. Rolta India Ltd.
47. Infinite Computer Solutions (I) Pvt Ltd
48. GTL Limited
49. Covansys (I) Pvt. Ltd.
50. Sify Limited
51. Zensar Technologies Ltd.
52. Tulip IT Services Ltd
53. Zenith Computers Limited
54. Sonata Software Ltd
55. D-Link (India) Ltd.
56. Mascon Global Limited
57. 3i Infotech Limited
58. WeP Peripherals Ltd.
59. Computer Sciences Corporation India
60. Philips Innovation Campus
61. Xansa India
62. Canon India Pvt. Ltd.
63. TVS Electronics Ltd.
64. Infotech Enterprises Ltd.
65. KPIT Cummins Infosystems Limited
66. ITC Infotech India
67. MindTree Consulting Pvt. Ltd.
68. PCS Technology Ltd.
69. Sasken Communication Technologies
70. Tally Solutions Pvt. Ltd.
71. Ramco Systems Ltd.
72. Epson India Pvt. Ltd.
73. Numeric Power Systems Ltd.
74. Rashi Peripherals Pvt. Ltd
75. Network Solutions Pvt. Ltd.
76. TATA Elxsi Ltd.
77. Aftek Infosys Limited
78. EMC Data Storage Systems India
79. Tata Technologies Ltd.
80. Geometric Software Solutions Co.
81. Cranes Software International Limited
82. Accel Frontline Limited
83. Mediaman Infotech Pvt. Ltd.
84. Priya Limited - IT Products Division
85. Keane India Ltd.
86. Persistent Systems Pvt. Ltd.
87. Aptech Limited
88. Lipi Data Systems Ltd.
89. Cadence Design Systems (India)
90. Intex Technologies (India) Ltd
91. Aditi Technologies Pvt Ltd
92. MRO-TEK Limited
93. Subex Systems Limited
94. Blue Star Infotech Limited
95. Aztec Software & Technology Services
96. Pentamedia Graphics Ltd.
97. TATA Interactive Systems
98. Birlasoft Limited
99. DB Power Electronics (P) Ltd
100. Atlanta IT Solutions Pvt. Ltd

India's day of reckoning

There was a one-day cricket match on television, and the streets were quite empty in the old part of Mumbai, down on the peninsula that juts into the Arabian Sea, where shops, restaurants and small hotels are crammed into once-gracious stone apartment blocks built for the former British commercial class and their local partners.

India stocks rise after militant attacks, rupee weak

India's stock market wobbled then fought back to end higher on Friday, while the rupee neared a recent record low in the first day of trade since attacks in the financial capital, Mumbai, which killed at least 121 people.

Airlines swamped with cancellations after terror attack

On Friday, tour operators in the city resigned themselves to a bleak season. Shops in the area were closed for most of the day on Friday, because of fresh rumours of firing at Marine Lines station.

India's economic growth falls further to 7.6 percent

India's economic growth declined to 7.6 per cent for the second quarter of this fiscal, leaving industry with the hope that policy measures taken over the past month will avert a further fall and help revive manufacturing.

Briton killed in Mumbai attacks

One British national has been killed after gunmen mounted attacks across the Indian city of Mumbai (Bombay), the Foreign Office has said.

‘Attacks not to impact banking operations’

The deadly terror attacks, which crippled the city on Thursday, will not be able to dent the confidence of India's banking and financial system, which, bankers feel, will bounce back to normal soon.

New York subway system on high alert after Mumbai attack

New York Mayor Michael Bloomberg has put the city's underground metro system on high alert following the horrific terror attack in Mumbai.

Canadians caught up in bloody Mumbai attack

Militants holed up at a Jewish centre in Mumbai, the embattled city where terrorist attacks have killed more than 100 people, have called an Indian television channel to offer talks with the government for the release of hostages.

6 killed, 200 trapped in Oberoi Trident

Around 200 people are still trapped inside Oberoi Trident hotel here and five to six staff members of the luxury hotel are learnt to have been killed in the night-long terror seize.

Citi went wrong with US real estate: Pandit

Vikram Pandit, the chief executive of Citigroup, has said the banking behemoth's putting in lot of money against US real estate is one of the main reasons for things going wrong at the company.

IIM Calcutta wins Pan India Business Plan Competition 2008

IIM Calcutta has won the Pan India Business Plan Competition 2008, which was organized by IDG Ventures India, TIE, The Indus Entrepreneurs and LIBA on 21st November 2008 at AVM Studio, Chennai.

See 2% repo, CRR rate cut soon: Macquarie Cap

Rajeev Malik of Macquarie Capital Securities said Q4 2008 may show a deep recession unfolding in the US. "The Federel Reserve may have to cut rates to zero. Most response to the crisis still appears to be ad hoc."

HCL Technologies To Take Over Axon

HCL Technologies Ltd, India's fifth largest IT company's mega-acquisition of UK-based SAP consulting company Axon Group, is nearly complete. HCL chief executive Vineet Nayar said "Axon investors by majority (99.9 per cent) accepted our cash offer of 650 pence ($9.78) per share.

Technology can fix India's problems: Nilekani

Co-chairman and co-founder of Infosys Technlogies Nandan Nilekani has authored a book Imagining India. The book has a unique problem solving perspective to the crises and the challenges of 21st century India.

Private sector banks will be forced to cut lending rates: FM

Finance Minister P Chidambaram on Tuesday said private sector banks will be forced to cut lending rates sooner than later due to competition from public sector counterparts.

MBA students kidnap boy

A loss of about Rs 80 lakhs in stock market and in real estate deals led two MBA students to kidnap a teenaged boy for ransom in the national capital with the help of the victim's cousin, who is a property dealer.

Equities end in red, key index down 200 points

Bears once again had the last laugh Tuesday as Indian equities markets slipped into the red again late afternoon after being in positive territory for most of the day with a key index closing more than 200 points lower than its previous close Monday.

GDP growth to be lower than estimates: Montek

Even as the Government is scaling down its growth projections, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said that GDP growth could be lower this fiscal than what the RBI estimates say.

BJP to move EC over fuel price cut announcement

The BJP on Tuesday termed the Centre's announcement to reduce petrol and diesel prices after the Assembly polls as an attempt to woo voters and said it will take up this "violation of model code of conduct" with the Election Commission.

India now aims for manned space mission

India is aiming to send a manned mission into the space after the success of its first unmanned mission to the moon, Indian Space Research Organisation (ISRO) chairmain G. Madhavan Nair said here on Sunday.

Air India mulls fuel surcharge cut as ATF cools

Air India on Monday said it would consider reducing its fuel surcharge to pass on the benefits of a recent decline in jet fuel prices, a senior official said.

Will Microsoft spin its way into the cloud with Kumo?

Microsoft has sown confusion across the blogosphere after it registered the domain name Kumo.com and redirected it to several Windows Live servers late last week.

India bond yields end higher on lack of policy cues

Indian federal bond yields ended slightly higher on Monday, despite the finance minister saying the central bank's policy bias was to stimulate growth, as traders were unsure about when the next rate cut would be.

5 crew members of Stolt Valor arrive in India

Five of the 18 Indian crew members of MT Stolt Valor, a ship that was hijacked by Somali pirates in September, returned to Mumbai on Monday. They said that they were held in cramped conditions, but were not subjected to physical torture.

Advani targets PM for mooting anti-terror task force only now

BJP leader L K Advani today ridiculed Prime Minister Manmohan Singh for mooting a task force for plans to fight terrorism in 100 days only as he neared the end of his five-year tenure and said this reflected an"admittance" of failure by the UPA which has "risen from its slumber."

HomeShop18: A Shopping Channel

HomeShop18 is probably the first shopping channel in India. You can watch demonstration of various products over your television screen and buy. HomeShop18 offers you the price that are in range. You need to decide about the products shown on the channel homeshop18. HomeShop18, the 24-hour home shopping channel from Network18, has launched a weekly show Kids Special which will be aired every Saturday at 1:30 pm and Sunday at 3:30 pm.

The channels has been telecasting products that are in your range and budget. If your satisfied with the products you can log on to the official website and place your orders. Please do read the reviews of any products, features mentioned there, then you can select and do take care about the terms and conditions first.

The Impact of Global Meltdown on Indian Economy

The world economy has been reeling under the pressure of the global meltdown. The Indian economy is not untouched from it. The impact can be seen clearly on the Indian IT sector and the stock market. The slowdown has giant effect on the all most all the sectors of the economy. However, the inflation rate and global crude price have been decreasing, which is a unprecedented move of India and the world.

In the corporate sector, the global meltdown has the vast impact. Many companies have been trying to adopt the cost cut measures. Some companies have been adopting the lay-off as a effective measure of cost cut policies. According to media reports, the Citi group will have also lay-off of India, as earlier it was told that there would not be impact on the lay-off.

The lay-off would be a crucial for the companies to decide their measures before they sketch the lay-off provisions. It would be very difficult for the employees association with such companies to allocate into a new role, as all most companies have the same impact of the global meltdown.

Crude oil dips below $50 a barrel

Business News: The crude oil price dips further the oil was traded below $50 per barrel, according to media reports. This is a big relief to the oil companies in India and across the world. Once it was expected that the price of the crude would cross the mark of $200 per barrel. It was also reported in the media that the dip of the oil was short term but the further soften in the price will be good sing for the world economy.

The value of the rupees was also decreased further to around 50 rupees per dollar. This was another lower figures after October, as it was recorded at around 50.20 rupees, according to media reports. Another big news for Indian economy is today that the inflation also dips further to8.90 per cent. There are good reason for the Indian economy today but the stock market crashed and trades below 9k mark today due to the global crisis. The sensex closed at 8451 points with fall of 322 points.

Importance of Business News

In the time of global crisis, there is much more importance for business news. This will keep us with the latest updates in the business world. From the world top corporate news, stock news even personal finance news are being covered in business news. The world without the business news will not be complete. Everyone will try to know the days business activities across the globe. The business news updates are important for the national economy to household.

Global Crisis and Inflation for common men

The world is reeling under the global crisis, from industrialists to laymen, every body knows the real meaning. The year was started very well and India was shining and do the common men of India with the common minimum programme of the UPA. In the mid- year there the trouble started. It was the first inflation, that drew attention of laymen towards the fiscal policies. As by then the fiscal policies and the inflation impact was visible on their household budget.

The inflation rose to around 13 per cent, the figure was very high than the panic among common people. Suddenly, the prices of the basic goods have gone up out of reach of common men in the economy. It was very difficult time for the middle class people but their problem did not stop by then. Thanks to the global meltdown and the bankruptcy filed by two major banks of US, that made every one aware about the real scenario of the world economy.

The basic requirement of the people are out of their reach. It is obvious that there would be reaction too. While companies switch to the cost cut measures while consumer have suppressed their desires which reduced the demand for the goods in market. The impact is on everyone including common men barring their status of rich or poor. However, the world has been under the pressure of the global crisis so as the common men. It is just puzzle for the common men to whom they really blame for this.

Nifty ends below 2,800; bank, realty, metal stocks dip

The markets ended marginally lower despite showing smart recovery in the last one hour of trade. Realty, metal, banking, pharma and select oil stocks remained under pressure. Midcap and small cap stocks followed the same trend. However, buying was seen in Bharti Airtel, ONGC, Infosys, Wipro, NTPC, BHEL, ACC, Ambuja Cements, Maruti and Tata Motors.

RBI committed to providing liquidity: Rakesh Mohan

The Reserve Bank of India (RBI) today said it is committed to providing liquidity in the system so that the economy functions smoothly but it refrained from specifying on further measures to increase the money supply.

Call rate ends higher at 7 per cent

Call rate ended higher at 7 per cent on the Overnight call money market here on Monday on mild demand from borrowing banks. The overnight call money rate finished higher at 7 per cent after moving in a range of 6.75 per cent and 7.10 per cent.

Asian Development Bank Project Fails Fishermen

By Marwaan Macan-Markar

A planned survey to check the economic pulse of fishing communities living on the banks of South-east Asia's largest freshwater lake -- the Tonle Sap in Cambodia -- threatens to expose serious shortcomings in an Asian Development Bank (AsDB) anti-poverty initiative.

The survey, to commence late April, stems out of the critical view a Cambodian non-governmental organisation (NGO), Fisheries Action Coalition Team (FACT), has of a ‘development' project that the Manila-based AsDB launched in October 2002. The five-year-long Tonle Sap Initiative (TSI), set out, among other things, to improve the lives of the communities that depend on the lake's fish for their livelihood.

But four years later, the AsDB's flagship ‘pro-poor development initiative' in one of the region's poorest countries is still stuck in the mud of basic details. ‘'Most of the people living around the Tonle Sap still don't know what this project is really about. Some only have heard of it by name,'' says Raingsey Pen, project leader of ‘Tonle Sap Watch' at the Phnom Penh-based FACT.

This ignorance is due to a lack of participation by the people from the beginning of this project, he said in telephone interview from the Cambodian capital. ‘'NGOs who have been monitoring this initiative have complained to the AsDB that most of the documents have not been translated into the local language and are only available in English.''

The information gulf between the bank and the Tonle Sap's poor has been noted by Oxfam, the international development agency. ‘'There is a general lack of awareness about the TSI,'' says Jessica Rosien, who authored a study last year for Oxfam's Australia office on this body of water. ‘‘Can the AsDB save the Tonle Sap from poverty? There has been too little involvement of the people who were supposed to benefit,'' she told IPS.

The AsDB concedes that some of the criticisms by NGOs are relevant. ‘'We have heard some of the concerns by NGOs and they are valid,'' Mahfuz Ahmed, senior agriculture economist at the bank, said in an interview from Manila. ‘'Running this project from Phnom Penh is not easy. People's participation is a core feature of this project. We have got to be more aggressive.''

Even at a formal meeting this month in Phnom Penh between the regional bank and Cambodian government officials, the AsDB let slip the difficulty it was facing in being more inclusive just as the TSI enters its final year. ‘'There is a risk that some of the poor and marginalised could be increasingly left behind,'' Urooj Malik, director of the agriculture, environment and natural resources division at the Bank, said during the mid-March forum. ‘'It is vital to involve them more in the process of formulating policies designed to improve their conditions.''

The Tonle Sap, which receives water from the Mekong river, plays a central part in feeding Cambodia with its rich supply of fresh-water fish. Fishing on this lake, which expands from 2,500 sq km to 13,000 sq km during the May - October flood season, provides food and incomes to about one million Cambodians.

The poor living along the banks of the Tonle Sap are part of the nearly 40 percent of Cambodia's 13.8 million population living below the poverty line.

These were the communities that the bank hoped to aid as part of the TSI. This initiative aimed to be ‘'a partnership of organisations and people working to meet the poverty and environment challenges of the Tonle Sap,'' states the AsDB on its website.

In July 2003, the bank added the ‘Tonle Sap Basin Strategy' to the TSI as part of its broader Cambodia country programme to meet a 2007 deadline. This was deemed ‘'consistent with AsDB's water policy and worldwide trend towards managing land, water and biotic resources within a framework of basin units,'' adds the bank.

In fact, the second pillar of the TSI was singled out as the ‘Tonle Sap Sustainable Livelihoods Project,' which was estimated to cost 19.7 million US dollars, with 15 million dollars coming from the Asian Development Fund and 4.7 million dollars from the Finnish government. The project aimed to improve the economy of the fishing communities by assuring the locals a role in choosing, planning and managing small programmes for their benefit.

Yet, as the Oxfam report revealed, public participation is ‘'low in proportion to the number of projects of the AsDB's Tonle Sap Basin portfolio.'' Further, it is also ‘'difficult to trace whether and how the recommendations from community members were or were not incorporated into the final project design.''

And for AsDB watchdogs like FACT, nothing conveys the bank's distance from its intended beneficiaries more than the departure from its original promise of creating new fishing communities in addition to strengthening existing ones. ‘'The project sought to improve the fishing communities by establishing 500 more around the Tonle Sap,'' says Pen. ‘'But until now we have not seen a new fishing community that was promised.''

Source: Asia Water Wire

Alembic board okays Rs 33 cr share buyback

Shares of pharma company Alembic today surged nearly 12 per cent, after the board approved share buyback offer of Rs 33 crore from the open market.

2.5 lakh students to take CAT 2008

Over 2.5 lakh students, including 50,000 from the Delhi region, are vying for around 1800 seats in the elite Indian Institutes of Management this year. The students will appear for the Common Admission Test (CAT) being held in 23 cities acros s the country on Sunday.

Haryana minister is country's richest woman: Forbes

Savitri Jindal, 58, who is the chairperson of the Jindal Group, has been named as the richest woman in India in the latest Forbes list of richest Indians.

‘Diabetes fast increasing among young’

It is a coincidence that World Diabetes Day and Children’s Day in India both happen to be on November 14. Incidentally, the theme of World Diabetes Day 2007-2008 is ‘Diabetes in Children and Adolescents’.

Call for early conclusion of free trade pact

Calling for early conclusion of a free trade agreement (FTA) to step up economic activity among the seven member countries, the second summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) agreed on a pact on combating terrorism.

Multiplexes warm up to ‘Dostana’

Filmmaker Karan Johar’s much-hyped Gen-Next movie 'Dostana' was released on Friday, but industry experts said it got a mixed response in terms of bookings because of its humorous take on male sexuality.

Sony Ericsson Xperia X1a Phone To Hit US Market On Nov 28

Sony Ericsson has made announcement about the launching of its much-awaited Xperia X1a phone, which will hit US market on November 28.

Tricolour has a date with moon tonight

If things go as planned, the Indian tricolour will mark its presence on the moon tonight (around 8.30pm IST) after having flown 3,86,000km from the earth. The timing of this proud moment has been specially designed to coincide with Children's Day.

Tata Teleservices to roll out GSM technology by Jan '09

Tata Teleservices Ltd has drawn up plans to introduce and manage next generation technologies
including Global System for MobileCommunications (GSM) by January 2009 and handset development, a top company official said.

PM to join global firefight at G20; may call for regulation

Prime Minister Dr Manmohan Singh who is taking part in the G20 meet at Washington has said, "This gathering of world leaders takes place against the backdrop of the financial crisis that has emanated in the United States and Europe.

Nokia 6810 Review

Nokia products are well known, here is another mobile from Nokia – Nokia 6810. Nokia defines it as Message Device, as it helps you to communicate with other while on move. The flexibility of message is the feature of the Nokia 6810. The mobile devise has features like full integrated QWERTY Keyboard, infrared, Bluetooth, stero FM radio and all the features mentioned below:

Weight:122 g Size:119 x 55 x 23 mm

Talk Time:Up to 3 - 6 h

Standby Time:Up to 360 h

Operating Frequency:GSM 900/1800/1900

Display Size:128x128

pixels Display

Color:Up to 4096 colors

Integrated Camera:- Video Services:-

FM Radio (Integrated):Yes

Music Player:- RealOne

Player:- Pre-Installed

Pop-PortTM:Yes Fax/Data Transmission:Fax no,

Data yes Max. Data Range in kb/s:Up to 118.4 kbps with EDGE
For more please visit the site here.

Aviva Life Insurance ties-up with Anagram broking

Aviva Life Insurance on Tuesday tied up with Anagram Stock broking for the distribution of of life insurance products. The tie-up will enable Aviva to leverage Anagram’s wide reach of branch networks and franchisees having over 500 touch points across India.

IndianOil to Foray into Non-Fuel Retail Segment

IndianOil has decided to enter into the non-fuel retail segment in India, possibly in partnership with an established player in the business such as the Aditya Birla group or Pantaloon. Sarthak Behuria, chairman of IndianOil, said that the new retail business would start operations within six months. IndianOil is expected to first shortlist the leading players in the organized retail sector and then decide on the most suitable partner to forge a joint venture with.

Govt to pay interest on unpaid amount of Debt Waiver Scheme

The Reserve Bank on Tuesday said the government will pay interest to banks at 364 days treasury bill rate on the unpaid amount towards Farm Debt Waiver Scheme.

AMD denies Indian jobs are safe

AMD India has reacted swiftly to deny our report last week that said the company has no plans to follow up layoffs in the US with similar cuts in India

Greed leading to disasters: NR Narayana Murthy

Speaking to Vallabh Bhanshali of ENAM Securities at the ENAM 2020 conference, NR Narayana Murthy, Chairman and Chief Mentor of Infosys, said if greed overtakes leaders, it is inevitable to avoid disasters because in the end systems are much more powerful than individuals.

India's Satyam acquires Motorola unit in Malaysia

Satyam, one of India's top software development companies, has agreed to acquire a software development center in Malaysia from Motorola.

Malegaon probe: ATS team leaves for UP

The ATS on Tuesday sent a team to quiz a leader with political connections in Uttar Pradesh for his suspected involvement in the Malegaon blast.

India, Oman ink investment agreement

India and Oman have signed a Memorandum of Understanding (MoU) to set up an Indo-Oman Joint Investment Fund (IOJIF) with an equity contribution of US$ 100 million to fund the multi-sectoral projects. The MoU for the Fund was signed by State Bank of India and State General Reserve Fund, Sultanate of Oman.

Telecom players dial solid toplines in second quarter

Despite the economic slowdown, the performance of most major telecom companies during the September quarter has been good.

Indian banks need to lend more - Bimal Jalan

Indian banks need to lend more if a raft of measures taken to counter a cash shortage and shore up the economy against the global financial crisis are to be successful, a former Reserve Bank governor said on Monday.

Festival fails to cheer up auto industry, sales down by 14.42%

The Indian auto industry's hopes of cashing in on festive season were dashed by severe liquidity crunch and high financing costs, with total vehicle sales in domestic market dipping by 14.42% in October.

RBI offers forex liquidity to Indian banks abroad

The Reserve Bank of India (RBI) will provide foreign exchange liquidity to foreign branches and subsidiaries of Indian banks through currency swaps.

Slowdown-hit PSUs forced to cut perks, allowances

The economic slowdown is forcing austerity not just in the private sector: employees with state-owned companies are also being told to take cuts to their compensation packages, as the slowdown bites into the profitability.

The fianancial Astrologer Ashok Motiani predicts Sensex to reach 16,000 points by Feb’09

According to the Financial Astrologer Ashok Motiani, the worst is over for the Indian stock market and by next year the market will back on track again. He expects the market to go much higher from here on. He sees the Sensex at around 15,000-16,000 levels within four months time.

What Obama victory will mean to Indian business?

It is an excerpt of the post in which, the author Rajeev Chandrasekhar writes - the biggest expectation for India from the new President is the reversal of the decline of the US economy. He has talked about pumping in $50 billion and tax breaks to the middle class to "kick start the US economy".

Software Technology Parks of India, outsoucing and Obama

Obama wins the US election and the becomes the 44th President of US. It was an historic time in US and for the world time to witness the change in US. The winning of Obama certainly raise question over India outsourcing. While the software technology parks in India might interested to listen the version of the first president over software technology parks across the blog. His signal over software technology parks, outsourcing would be crucial for the world. Bangalore, Hyderabad and other cities of India are known as software technology parks of India. The question over the outsourcing still remains until any Verizon by the president is not out on software technology parks and outsourcing.

Dena Bank ties up with SBI Cards

State-run Dena Bank has tied up with SBI Cards & Payments Services Pvt Ltd to launch a co-branded credit card in order to boost its fee-based income, according to media reports. The bank had its own credit card with a member base of 10,000 including 6,000. SBI Cards is a joint venture between State Bank of India, the country's largest lender, and GE Money. Shares in the bank ended 7.23 percent higher at 31.15 rupees in a firm Mumbai market.

Industry hails Obama victory; downplays fear on outsourcing

Indian industry, particularly those working closely with US firms, hailed Barack Obama's victory as the next American President, playing down the fears of an adverse impact on flourishing outsourcing business. Relations between the two countries will grow further. Bilateral trade is expected to reach $60 billion this year, President of the Indo-American Chamber of Commerce S K Jain said. India-US trade stood at $45 billion in 2007-08.

India population rises – What are the measures to control it?

India occupies only 2.4% of the world's land area; it supports over 15% of the world's population. India population has been increasing; further more measures need to check it. India population is once of the big concerns for the world too let alone Indian economy. India population is increasing day by day and it shares fifteen percent of the world today. Only China has a larger population followed by India population.

Almost 40% of Indians are younger than 15 years of age. About 70% of the people live in more than 550,000 villages, and the remainder in more than 200 towns and cities. India population should be maintained at low paces than the existing pace. The policy of We two and our two was considered best of increasing India population but that does not worked. Over thousands of years of its history, India has been invaded from the Iranian plateau, Central Asia, Arabia, Afghanistan, and the West; Indian population, Indian people and culture have absorbed and changed these influences to produce a remarkable racial and cultural synthesis. Source

PM to head a panel over global financial crisis

The Prime Minister Manmohan Singh will head a special panel of top policy makers to stock of the impact of the global crisis on industry. The Prime Minister is also scheduled to have meeting with top corporate leaders this week, according to media reports. The Reserve Bank and Finance Minister would be the members of the panel. The government and the RBI have been taking action to cap the high impact of the global crisis on Indian economy.

The impact of global crisis was very high on almost sectors including outsourcing services in India. But the impact of the global meltdown may be temporary as study jointly conducted by CII and PriceWaterhouse Coopers, reports that most of the corporates are of the view that although the sub-prime crisis in the US has had a considerable impact on the equity and debt market across the globe, but a slew of measures taken by the RBI will help India weather the storm.

Orissa’s new MSME policy

The Orissa state government has been trying to give a final shape to new policy for the promotion of the small and medium enterprises in the state. Considering the need for the promotion of the MSME (micro, small and medium enterprises), state government is finalizing the policy and will implement it. The policy makes provision for the fiscal and non-fiscal assistance from the government to new MSMEs. This is a giant step towards a new industrial promotion policy by the state government.

The policy is also being framed with the objective of developing the ancillary and downstream units in the state to optimize the multiplier effect of the upcoming large industries, particularly in sectors like iron and steel, alumininum and power. Under this new scheme 25 per cent of the land in all upcoming industrial estates will be earmarked for MSMEs, according to media reports. And the financial institutes like Orissa State Financial Coroporation (OSFC), and Small Induastrial Development Bank of India (SIDBI) will be provide financial assistant to MSMEs.