‘Economy’

Obama tax breaks to firms that create jobs at home; India IT reacts

Sunday, September 26, 2010 10:09

As a demonstration of his commitment to conquer the tax loopholes that support investment in overseas jobs, President Barack Obama has announced generous tax breaks for companies that provide jobs in the US. 0 Comments

Indian rupee gets a symbol

Picture: The new Rupee symbol.
Friday, July 16, 2010 6:12

The Indian rupee is all set to join world currencies that have a symbol for its currency. The creator of the design, D Udaya Kumar, is a post graduate from IIT. 2 Comments

India to receive $10 bn in private equity by year-end, says CII and KPMG

Sunday, May 9, 2010 14:22

A recent report released jointly by the Confederation of Indian Industry (CII) and KPMG, a global auditing firm, has said that private equity (PE) funds will be preferred for capital growth and India will gain PE investments amounting to around $10 billion by the end of the year. 0 Comments

Indian companies may get listed on London Stock Exchange

Saturday, March 13, 2010 4:34

Indian companies are now looking westward with a goal. The lure, of late, comes from the London Stock Exchange (LSE).  Getting listed on the London bourse is high on the agenda of Indian firms to the extent that they are in fact sort of clamoring for getting on to the British bourse in the immediate future. 0 Comments

Indian companies on a hiring spree, shows global survey: Jobs in 2009-2010

Wednesday, February 3, 2010 19:49

Hiring by India-based companies has increased significantly since September 2009, and the present recruitment level in India is one of the highest in the world, according to the findings of a survey. 0 Comments

India’s IT sector to see double-digit growth by 2010, says Nasscom chief

Photo: Som Mittal, Nasscom chief
Thursday, November 12, 2009 5:36

New Delhi: The information technology (IT) sector In India is to grow by 4%-7% this fiscal and is expected to attain a double-digit growth in the next fiscal starting from April 2010. 0 Comments

Bharti Airtel profit growth slips in 2009

Wednesday, November 4, 2009 8:14

Bharti Airtel, India's largest telecom operator, posted its lowest profit growth in 2009, in nearly six years. 0 Comments

Versace to cut jobs, faces losses in 2009

Friday, October 30, 2009 10:31

Versace, the Italian fashion house, has decided to cut jobs in the wake of low demand for designer merchandise. The layoffs will affect almost one fourth of Versace's total employees around the world. 0 Comments

Mahindra Satyam may lay off 5,000 benchers

Friday, October 23, 2009 15:11

Even though Mahindra Satyam had promised its employees that their jobs are secure, many employees on the Virtual Pool Program (VPP) of the company have received an e-mail regarding a formal notice of two months. 0 Comments

Nobel Economics Prize for Elinor Ostrom and Oliver E Williamson of the US

Wednesday, October 14, 2009 4:11

Elinor Ostrom and Oliver E Williamson, both of the United States, have shared the Nobel Prize for Economics for 2009 for their analyses of economic governance, that is, “the rules by which people exercise authority in companies and economic systems.” 0 Comments