Economy - Print Edition - The Financial Express

Infrastructure investments beat the trends

The slowdown in GDP growth has hardly had an impact on infrastructure investments, points out the recently released statistics on savings and investments brought out by the Central Statistical Organisation.

A uniform tax rate is a priority in telecom

The past year has seen remarkable developments in the Indian telecommunications industry; prominent being the target of 500 million subscribers achieved a year ahead of schedule.

ONGC threatens to withdraw from 7 blocks on tax concerns

State-owned energy giant Oil and Natural Gas Corporation has threatened to withdraw from over seven exploration blocks it had licences for, if the Centre does not reimburse the taxes the company is paying on behalf of its joint venture partners for these blocks.

Can’t wait indefinitely for India on gas pipeline: Iran

Iran on Tuesday said it could not wait "indefinitely" for India to decide on the Iran-Pakistan-India (IPI) gas pipeline project while negotiations with Pakistan had gone ahead to the "stages of implementation."

Recovery on track but US joblessness worries IT-BPO sector

After witnessing a gloomy year of budget cuts and pricing pressures, the Indian IT-BPO industry looks out of the woods and is on the path of recovery in key markets like the US.

Wipro BPO arm to outsource 20% jobs over 5 years

Wipro Ltd’s business process outsourcing arm is planning to shift 20% of its workforce overseas in the next five years. It currently employs 24,000 people, out of which 2,500 are placed in the company's 15 overseas delivery centres.

IT cos upbeat as clients look to spend more next fiscal

As the world emerges from the economic crisis, which led to drastic cuts in IT budgets, companies are looking at spending more in the next financial year as they seek cost and operational efficiencies.

‘Overall outlook is positive for next fiscal’

Just when the cheer was returning for the Indian IT industry, with most players reporting stellar numbers for the quarter ended December 31, 2009, US President Barack Obama’s anti-outsourcing statement spoiled the party to an extent.

BAE Systems, M&M announce land system-focused defence JV

Ahead of the DefExpo 2010, UK- based BAE Systems and Mahindra & Mahindra Ltd have announced the name and corporate structure for their land system-focused joint...

Exports from SEZs cross Rs 150k crore in Apr-Dec

Exports from SEZs across the country have crossed the Rs 150,000-crore mark in the first nine months of the current financial year, compared to Rs 99,600 crore in 2008-09

Right steps likely to push clean tech growth in developing world: Unctad

The stress of the global financial crisis, as well as concerns about climate change and food prices, should be used by developing countries to shift towards ‘clean’ growth, a new...

Abrupt stimulus pullout could hurt exporters, warns Sharma

The finance ministry could consider the with-drawal of stimulus to those exporting sectors which have shown robust growth, but an across-the-board “abrupt” pullout is not...

‘Demand-starved realty sector to get boost in 2010’

The year 2010 appears to have brought cheers to the demand-starved realty sector. With signs of economic...

Tyre industry likely to register 10% growth on high vehicles’ demand

Driven by a strong demand for vehicles across all segments, an overall recovery in macro economic factors and underlying structural demands are expected to propel tyre industry....

Price deregulation of auto fuel to pave way for pvt retailers re-entry

The proposed price-deregulation of auto fuels in the just-released Kirit Parikh panel report on petroleum product pricing...

PM refers BSNL tender issue to Pitroda committee

Prime Minister Manmohan Singh has asked the department of telecom to refer the controversial BSNL tender issue to the Sam Pitroda committee for urgent consideration.

Google mapping party in Kerala raises security issues

India’s second Google mapping party got underway amidst tight security following warnings by the state home intelligence. Many state departments, initially roped in for the community mapping workshop, decided to stay away.

Coal ministry seeks cut in import duty

The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on coking coal to enable larger import by power and steel sectors.

Real estate: From survival to revival

The world economy seems to be slowly emerging from the shadows of the recession that engulfed the entire economic world since September 2008.

‘Sugar demand-supply mismatch may sweeten credit profiles of cos’

Indian sugar supply-demand mismatch would translate into a positive outlook for the Indian sugar sector in 2010, says Fitch Ratings. The global rating agency expects the benefit of this to result in to an improvement in credit profiles of sugar companies.

Tax incentives needed for pharma cos to establish global footprint: E&Y

For domestic pharmaceuticals companies to move from being known as generics manufacturers to innovators with a global footprint, specific tax incentives such as tax breaks on earnings from global markets, clarity and enhancement of deduction on various costs incurred for establishing presence overseas are needed.

Latest News

Print Edition

Events