ICMR to form standards for probiotic products by 2010

The standards for the probiotic product market in the country would be laid down by the Indian Council of Medical Research by early 2010.

15 major real estate developers line up for UP satellite township plan

The Uttar Pradesh government’s efforts to woo and facilitate the private sector in developing satellite townships on the fringes of existing cities have finally started showing some result.

Microfinance institutions hope for level playing field in new Bill

The microfinance institutions are awaiting the microfinance legislation based on the Rangarajan committee recommendations which is expected to give them a ‘level playing field’ and recognition as a separate group of non-banking financial institutions.

Wanted: FDIs to spur growth in retail sector

In this current economic environment, the world is looking to emerging market economies for growth. India has been one of the best performers in the world economy and has been relatively less affected from the global economic slowdown.

Participation Exemption regime tops Indian MNC wishlist

India was one of the faster growing economies in the world in the last two decades. The high domestic growth rate encouraged firms in the country to explore opportunities overseas.

Budget should give sops for home loan

The recent ravages in global banking and its aftermath across the world, didn’t impact the country’s banking sector noticeably, which ended fiscal 2008-09 with very good results and impressive cost management strategies.

Taxing Indian IT: need for course correction

As the euphoria of the electoral victory subsides, the new government is set to present one of the most critical Budgets in recent times. With the stock market already on a bull run, the industry is eagerly awaiting a pro-reforms Budget.

Auto industry far away from full revival mode

The overall performance of the country’s auto industry in the just concluded fiscal was in no way different from that of previous year. The unprecedented slump in demand led to negative growth on few segments of vehicles.

Downturn-hit tourism walks on recovery path

The country’s travel and tourism industry, which has been one of the biggest casualties of the global economic crisis, is beginning to see some signs of recovery from April onwards.

‘Seizing IT opportunities will depend more on intelligent machines’

Organisations across verticals are engaging themselves in being innovative and building unique solutions essentially to keep pace with changing consumer demands, low-maintenance, improve connectivity, reduce costs and save time etc.

Investment income drives general insurers’ profitability, says Crisil

Strong investment returns continue to help India’s general insurance companies offset underwriting losses, and allow them to report overall profitability. The underwriting performance of general insurance companies in the country remains dismal with most of the players yet to report underwriting profits.

Food summit ends with only promises

The three-day World Summit on Food Security ended in Rome on Wednesday with no measurable targets or deadlines that would help monitor implementation. However, there was commitment from the international community to invest more in agriculture and to eradicate hunger at the earliest.

Business confidence surpasses pre-crisis level, rises 21% in Oct

Business confidence in India has surpassed the level that prevailed before the financial crisis that seized economic growth prospects, according to the latest National Council of Applied Economic Research, MasterCard Worldwide Index of Business Confidence.

‘Sectors eying domestic consumption to attract PE, VC investments’

In a bid to recover from the global slump and take the least hit in any other such situation, the private equity entities and venture capitalists have shifted focus to domestic consumption and related sectors that are largely delinked

$20-m ADB loan to develop Buddhist sites

India will receive a loan of $20 million from Asian Development Bank for its tourism infrastructure development projects, which will improve key tourism sites in the country.

McAfee warns of new-age cyber warfare

McAfee Inc has revealed that the global cyber arms race has moved from fiction to reality, according to its fifth annual Virtual Criminology Report.

Ministry seeks states’ help to fast-track mega power projects, offer benefits in return

The Centre’s flagship programme ultra mega power project development continues to face several hurdles. Currently, the Centre has awarded four UMPPs of 4,000 mw....

‘NHPC has planned capex of Rs 21,600 crore for 11th Plan’

State-run NHPC, which recently concluded its IPO, is currently engaged in the implementation of a capex plan of Rs 21,600 crore in the 11th Plan for hydro generation capacity. It is also pursuing hydro projects in the neighbouring countries.

Fairer sex put up a fair show in race for the top slot: KPMG

More Indian women are taking up superior leadership roles, finds KPMG WILL Forum survey. Organisations are increasingly recognising that women do bring substantive diversity to company boards in terms of their composition, skill sets and experiences.

Three-month training to be mandatory after CA course

Accounting regulator, Institute of Chartered Accountants of India, is planning to introduce a three-month mandatory training course for its students who pass the chartered accountancy and accounting technician examination every year.

PM’s visit to Moscow unlikely to break Gorshkov stalemate

There may be no headway in the Admiral Gorshkov deal for the Indian Navy during Prime Minister Manmohan Singh’s upcoming visit to Moscow for the annual Indo-Russia annual summit. With both the sides unwilling to compromise on the price already settled, a 40-member Russian delegation has arrived in India to discuss the price hike.

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