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Category : International Business
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No immediate threat to India's sovereign rating: S&P
Posted Date : 16-Aug-2011 , 08:29:02 am | Posted By CASANSAAR
Standard and Poor's has said there is no immediate threat to India's sovereign debt rating of BBB, though loose fiscal policy and the government's inability to carry forward economic reforms could have implications in the medium term. "We do not see an immediate impact on India's sovereign ra...
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Indian deposits in Swiss banks show steady decline
Posted Date : 11-Aug-2011 , 08:17:02 am | Posted By CASANSAAR
The deposits of Indians in Swiss banks have shown a steady decline over the year. It has halved to 9,295 crore rupees last year from about 23,373 crore rupees in 2006.Finance Minister Pranab Mukherjee said this in a written reply to the Rajya Sabha quoting Swiss National Bank data.
Indians accounte...
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International Business |
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US rating downgrade may hit India IT hiring by 1/4th
Posted Date : 09-Aug-2011 , 08:17:44 am | Posted By CASANSAAR
Hiring activity in the Indian IT sector, one of the biggest employers in the country, could fall by about one-fourth due to the downgrade of the USA's credit rating and the deepening economic crisis, experts said. It might take at least 5-6 months for the recruitment activities of the IT sector...
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International Business |
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0 | Hits : 820
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Goldman Sachs upgrades India's rating to 'market weight'
Posted Date : 09-Aug-2011 , 08:14:32 am | Posted By CASANSAAR
Citing expected improvement in the macro-economic situation, global investment bank, Goldman Sachs today upgraded India's rating to 'market weight', from the earlier 'under-weight,' indicating bullishness in the short-term.Goldman Sachs also cited lower oil prices,and the government's push for polic...
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International Business |
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Gold hits new high of 23,690
Posted Date : 03-Aug-2011 , 08:03:44 am | Posted By CASANSAAR
Gold climbed 210 rupees, to a new all-time record of 23,690 rupees per ten grams at Delhi's bullion market, on Tuesday, on renewed domestic buying, driven by a firm overseas trend. Silver rose 600 rupees, to 58,600 rupees per kilo, on increased buying by speculators and industrial units. Silver coin...
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International Business |
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India japan CEPA comes into force Commerce Secretary calls it a Major Step for a larger East Asian Partnership
Posted Date : 01-Aug-2011 , 04:38:58 pm | Posted By CASANSAAR
The Commerce Secretary, Shri Rahul Khullar has said that India and Japan Comprehensive Economic Partnership Agreement (CEPA) is a major step in the direction of larger vision of an East Asia partnership. He was speaking after co-Charing the first meeting of Joint Committee of India Japan CEPA with M...
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International Business |
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HSBC to cut 30,000 jobs, posts surprise rise in H1 profit
Posted Date : 01-Aug-2011 , 03:31:56 pm | Posted By CASANSAAR
HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's biggest bank said on Monday after it reported a surprise rise in first-half profit. Shares in HSBC rose over 4 percent after it unveiled first-half pretax profits of $11.5 billion, up from $11.1...
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International Business |
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Govt may soon appoint panel to clear asset buys abroad by PSUs
Posted Date : 26-Jul-2011 , 02:02:39 pm | Posted By CASANSAAR
The government is expected to soon appoint a high-power committee headed by the Cabinet Secretary for fast-track clearance of overseas asset buys by PSUs without going to Cabinet. Several public sector units (PSUs) in key infrastructure sectors like oil, coal and mines are scouting for ac...
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International Business |
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Services exports up 3.2% in May, imports rise 2.8%
Posted Date : 15-Jul-2011 , 04:47:39 pm | Posted By CASANSAAR
India's services exports stood at $11.83 billion in May, 2011, up almost 3.2% in comparison to April.
The country's total receipts from services exported stood at $11.46 billion in April, 2011, the Reserve Bank said in a statement.
Imports of services were also up 2.8% in May at ...
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International Business |
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