FDI : India crosses hundred billion Dollar milestone

India has crossed the Hundred billion US Dollar milestone in foreign direct investment through equity since 2000, up to July 2009. This has testified the country's increasing profile as a safe and sound investment destination in the midst of the global financial crisis.As much as 44 per cen...

Economic growth to remain lower this year : FICCI

India's economy is expected to grow between five point 2 to five point 8 per cent in 2009-10, much lower than lastyear as the agriculture output is estimated to decline significantly because of drought in 276 districts of the country, industry body FICCI has said.The GDP projections for the...

Glenmark IPO to raise rupees 570 crore

Drug maker Glenmark Generics Ltd, a subsidiary of Glenmark Pharmaceuticals Ltd, expects to raise up to Rupees 570 crore through its IPO for funding loans and general corporate purposes.The company, which filed the draft red herring prospectus with market regulator SEBI on September 30, is mulling a ...

SBI to raise 4700 crores

The country's largest lender, State Bank of India, is set to raise up to Rupees 4 thousand 700 crore from the international market this month through issuing five-year maturity bonds.This will fill up the immediate fund-requirement by the bank to fuel its expansion plans in key-overseas mar...

US economic power declining: World Bank President

The World Bank President Mr.Robert Zoellick has said, US economic power is declining as a result of the financial crisis. He said one of the legacies of this crisis may be a recognition of changed economic power relations. Mr. Zoellick was speaking in Istanbul before the meetings of the World Bank a...

Support measure to continue until economic recovery is assured: G-7

The world economy is growing faster than expected, but the recovery remains fragile and unemployment still looms as a problem. The Finance Ministers from the Group of Seven rich countries said after they concluded their latest meeting in Istanbul on Saturday . They said in a joint statement that dec...

US unemployment rate touches 26-year high to 9.8 percent

Companies in the United States are shedding more jobs, pushing the country's unemployment rate to a 26-year high of 9.8 percent.The U.S. Labour Department said Friday that employers cut 263,000 jobs in September, with companies in the service industries, including banks, restaurants and ret...

Crisis not over: IMF Chief Economist

IMF has said the signs of revival in the global economy should not be confused with the financial crisis being over and the countries should be ready with policies to sustain the recovery. While releasing the World Economic Outlook in New Delhi on Friday, IMF Chief Economist, Olivier Blanchard said ...

World economy looking up but growth to be slow: IMF

The International Monetary Fund today retained its projection for Indian economic growth at 5.4 per cent in 2009.In its twice-yearly World Economic Outlook released in Istanbul, the Fund lowered the projection for the next year by 0.1 per cent to 6.4 per cent. The Indian economy grew by 5.8 per cent...

Review of Economy by RBI