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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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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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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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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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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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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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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 acquisit...
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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 $7...
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