Latest Business News from India
India's economic growth is booming as the country now boasts the fourth largest gross domestic product on the planet at over USD $4.7 billion. That number is aided by increased funds from overseas thanks to outsourcing programs making use of the World's second largest workforce totaling over 5.15 trillion people. India also banks on the it marge medical tourisimn industry which continues to lead the way in affordable, high quality medical treatment.
- BJP attacks UPA Government on inflation
- Attacking the Congress-led UPA Government on the issue of price rise, Bharatiya Janata Party (BJP) leader Sushma Swaraj on Thursday accused it of not tackling infla
- Suspension of FDI in retail done to avoid mid-term polls: Mukherjee
- Congress Members of Parliament were told on Thursday that the UPA Government was "compelled" to suspend the move to allow 51 percent foreign direct investment in m
- China clears Nestle $1.7bln bid for Singapore-listed candy maker
- Chinese regulators have approved Nestle's 1.7 billion dollar acquisition of a 60 percent stake in the Singapore listed confectioner Hsu Fu Chi International.
- Yahoo to get $610mln in 'larcenous lottery' spammer case
- A New York court has ordered spammers to pay 610 million dollars to Yahoo for running a larcenous lottery scheme, using the internet firm's name.
- 39,900 Australians lost jobs in November, unemployment rate up to 5.3 pct
- The unemployment rate in Australia has risen to 5.3 percent in the wake of 39,900 Australians losing full-time jobs in November. Sydney, Dec.8 (Periodic international dialogue on economic concerns desirable: Mukherjee
- Union Finance Minister Pranab Mukherjee on Wednesday said that it is desirable to have a periodic international dialogue on economic concerns that affects lives in a
- China's first White Paper on foreign trade highlights contribution to global economy
- China has released a White Paper on foreign trade that highlights the nation's achievements in boosting trade with other countries and its contribution to the world
- Google's Android Market downloads hit 10 billion mark
- Google has announced that over 10 billion applications have been downloaded from the Android Market, which offers variety of programs for smartphones and tablets tha
- FDI in retail logjam ends at all-party meet
- The Government, after meeting its allies and opposition parties, agreed to suspend 51 per cent Direct Investment (FDI) in retail, till a consensus is achieved among
- Citigroup to cut 4500 jobs globally
- Citigroup chief executive Vikram Pandit has announced that the bank would cut 4500 jobs around the world in an effort to reduce its costs.
- Twitter helping TV channels to help stay with trends
- Executives of microblogging site Twitter are increasingly working with TV editors during live shows to help them understand what is trending on the site and how to c
- India to host fourth International Tax Dialogue Conference
- Finance Minister Pranab Mukherjee will on Wednesday inaugurate the fourth International Tax Dialogue (ITD) Global Conference on tax and inequality, which will be hel
- East Asia to experience slower economic growth due to European debt crisis: ADB
- Emerging East Asia could experience slower economic growth as the European sovereign debt crisis and weak US economy continue to threaten the global economic scenari
- Indian firm unveils 'Islamic smartphone' featuring Koran, compass pointing to Mecca
- An Indian company has launched an 'Islamic smart phone' that features a copy of the Koran, a GPS application that points to Mecca and a calculator for Zakaat chari
- Indian-origin billionaire Rajaratnam begins 11-year prison term for insider trading
- Billionaire Indian American hedge fund boss Raj Rajaratnam, who allegedly made over 70 million dollars through insider trading, has begin serving his 11-year prison
- China’ a priority market’ amid European debt crisis: Boeing Co.
- China has become Boeing Co's priority market amid the European debt crisis, the US-based aircraft manufacturer has said.
- China 'ill-prepared' for social unrest due to slowing economy: Security chief
- China is 'ill-prepared' to deal with social unrest due to a slowing economy, the nation's security chief has warned.
- Now, European Central Bank ‘iPhone, iPad game’ to explain how monetary policy works
- The European Central Bank has launched an iPad and iPhone game that allows people to take control of a monetary union and see how to cope with the economic crisis.
- Digvijay Singh defends Central government’s stand on FDI in retail
- Congress General Secretary Digvijay Singh has defended the Central government's stand to allow Foreign Direct Investment (FDI) in retail.
- Oz uranium industry hails lifting of India ban as ‘sign of maturity’
- Australia's ruling Labor Party's decision to vote in favour of lifting a long-standing ban on exporting uranium to India is a sign of maturity, the nation's urani
- Seeing brands as people can influence our social behaviours
- A new study led by an Indian origin researcher has found that thinking about brands as people can make one either take on the brand's characteristics or display the
- Facebook set to go on massive hiring spree in 2012
- Facebook is planning to expand its presence in New York with the launch of a new engineering office designed to enhance features and write fresh code for the social
- US unemployment rate falls sharply to 8.6 percent 'lowest in 30 months'
- The unemployment rate in the US has dropped sharply to 8.6 percent in November, which is the lowest in two-and-a-half years.
- Mamata insists on retail FDI rethink
- West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee has said that she has asked Prime Minister Manmohan Singh to reconsider the Union Cabinet's
- Chinese annual income gap ratio widens to 4.2 :1 in 2010
- China's annual salary gap ratio between different industries has widened to 4.2 :1 in 2010, a new report has shown.
- Asipac White Paper reveals impact of opening up FDI in retail
- While there has been a lot of media coverage on the hot debate about the benefits and pitfalls of allowing 51 percent FDI in multi-brand retail, several important is
- China’s manufacturing index drops to 49 in November indicating further economic slowdown
- China's purchasing managers' index (PMI), which gauges manufacturing activity, shrank to 49 in November from 50.4 in October for the first time in nearly three ye
- Yahoo shares rise on Alibaba takeover bid report
- Yahoo shares have surged amid reports that China's Alibaba Group is preparing a takeover bid with private equity firms Blackstone and Bain Capital.
- UN economists fear 2nd recession of global economy
- The global economy is at a risk of facing another major downturn, a report has suggested.
- IMF to scale down global economic growth forecast due to financial crisis
- The International Monetary Fund (IMF) has said it would scale down the global economic growth since financial crisis fuelled by the eurozone debt crisis was adversel
