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Archive for the ‘Economy’ Category

Realty to get cheaper in Noida after New norms

09.07.2010 · Posted in Economy, Real Estate

Buying a house in Noida may turn cheaper in future as the government has allowed Noida to grow vertically, according to developers in Noida. Last week, the government increased the floor area ratio (FAR) from 2.5 to three, which will allow developers to add more floors and allow Noida to grow vertically. For green buildings, ...

India’s Wealthiest Group – Tata Group

08.17.2010 · Posted in Economy

India’s Wealthiest Group – Tata Group The Tata Group has become the country’s wealthiest, with a market value of about Rs 3,71,000 crore. The Tata Group is followed by Mukesh Ambani- Reliance Industries (RIL) group as the second-most valued firm (Rs 3,21,750 crore), Anil Agarwal-promoted Sterlite group at third (Rs 1,35,300 crore), Anil Ambani group ...

Indian Economy to grow by 8.5% in ’10-11

05.16.2010 · Posted in Economy

Indian economy will grow by up to 8.5% in the current fiscal. Confederation of Indian Industry President Hari S Bhartia said “CII estimates GDP growth at 8-8.5% in 2010-11 …A recovery in agriculture is likely in the coming years leading to upside in GDP growth; Industry and services to remain strong as capacity expansion takes ...

India’s GDP Grew by 7.9 percent in Q3 Better than Expected

11.30.2009 · Posted in Economy

July-September quarter reflects better than expected economic growth for India. Finance Minister Pranab Mukherjee said Monday. “It indicates response to initiatives taken by the government in various policy measures including injecting stimulus, which we did in three doses over the last 11 months”. “I hope this (economic growth) will be around 7% this year,” Mukherjee ...

Indian online shoppers spend Rs. 1 lakh per year on online shopping

11.29.2009 · Posted in Economy, Online shopping, Shopping, Technology

Indian online shoppers spend Rs. 1 lakh per year on online shopping. According to a credit card giant Visa, the Indian online user spends $2,066 on buying goods and services through the Internet every year. Travel is the main transaction online with Airline tickets accounted for roughly 22per cent, while travel information, accommodation, online agent ...

Bharti-MTN Deal Failed

11.29.2009 · Posted in Economy, Technology

Bharti-MTN USD 23 bn deal is called off because of the political approach of South African government. The MTN deal has been called off despite full support from the Indian government. Indian Inc is felt let down by the failure of the $23-billion proposed merger. The merger between Bharti and MTN would have provided a ...

UK Retail Stabilizing But Not Yet Recovering

11.29.2009 · Posted in Economy, Retail Market

The U.K. retail sector is stabilizing but isn’t yet experiencing a proper recovery, high-street retailer Next PLC’s (NXT.LN) chief executive said Wednesday. “I don’t think we’re seeing a recovery, as that would infer positive like-for-likes [sales] and I think we’ll remain negative for the rest of the year. But the numbers aren’t getting any worse ...