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Pranab Mukherjee Dimisses S&P's Warning; Assures Strong Turnaround in Economic Growth

India's Finance Minister Pranab Mukherjee on Monday voiced assurance that the government is working towards a turnaround in the sputtering GDP growth, following a warning that that the nation may lose its investment-grade status as an economic powerhouse.

Jun 12, 2012

India Observes World Environment Day amidst Hot Summer: What is Green Economy?

Global warming has become a huge challenge to the world. Days are getting hotter and natural calamities are occurring more often. And on Tuesday, humanity observes World Environment Day (WED) with the theme 'Green Economy: Does it include you?' India observes World Environment Day amidst hot summer.

Jun 5, 2012

I-T Dept Freezes Kingfisher Airlines' Accounts For Non-Payment of Dues

The I-T department has reportedly slapped the KFA with a notice to pay the outstanding dues of Rs 3.42 billion (342 crore rupees), after the airline failed to pay installments of Rs 90 million (9 crore rupees) each week

May 30, 2012

Goldman Sachs, Bank of America Downgrade India's Growth Outlook

India's growth story comes crashing with Goldman Sachs and Bank of America-Merrill Lynch being the latest global firms to downgrade economic forecasts for the country on Friday.

May 25, 2012

Reebok Files FIR Against Former Top Employees For Alleged Fraud

Reebok India on Tuesday filed an FIR against its former managing director Subhinder Singh Prem and COO Vishnu Bhagat for allegedly mishandling the company's money by indulging in fictitious sales, and setting up forged accounts over the past couple of years

May 23, 2012

BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks.

May 21, 2012

Facebook Valued At $104 As Public Trading Set To Begin; Shares Priced At $38

Facebook raised $16 billion in the largest initial public offering (IPO) by a technology company in history as it increased the price of its offering to $38 per share on Thursday. The social media giant's valuation shot up to about $104 billion before public trading begins Friday on the Nasdaq exchange under the ticker symbol FB.

May 18, 2012

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SC Extends Deadline For 2G Auction; TRAI Deals a Steep Blow For Tele Operators

The Supreme Court on Tuesday extended the deadline that it set for the government to carry out a fresh 2G action based on the Telecom Regulatory Authority of India (TRAI) recommendations.

Apr 27, 2012

BSE Sensex Falls Again; S&P Rating Affects Indian Stocks

The BSE Sensex fell for a second session in a row on Thursday, as the investors get cautious after the rating agency Standard & Poor's cut India's outlook to negative from stable on Wednesday.

Apr 26, 2012

Pranab Mukherjee Clears Foreign Investors' Concerns Over India's Tax Amendments

Finance Minister Pranab Mukherjee addressing a gathering in Washington on Friday termed concerns of US investors over tax amendments in India as "unfounded".

Apr 21, 2012

Warren Buffett Has Prostate Cancer, Curable

Prudent and greatest investor Warren Buffett on Tuesday announced that he has a stage 1 prostate cancer. However he expressed the confident of overcoming the Big C (cancer). Doctors attending to Buffett said that since the cancer was detected at a very early stage the situation may not be that certain. Furthermore they added Buffett faces good odds, even at his age.

Apr 18, 2012

Govt Okays Air India Restructuring Plan

The government on Thursday announced a Financial Restructuring plan for the debt-laden national carrier Air India.

Apr 12, 2012

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Facebook Under Pressure to Get into e-commerce?

World's largest social networking site Facebook, which races towards a $5 billion initial public offering, could be pressurized to get into e-commerce in the future to earn more revenue.

Apr 5, 2012

PM, President, Vice President Greet Indians on Ram Navami

Prime Minister Dr. Manmohan Singh, President Pratibha Patil and Vice President of India M. Hamid Ansarui have greeted the citizens of India on the auspicious occasion of Ram Navami on Sunday, which marks the birth of Lord Rama.

Apr 1, 2012

BSE Sensex Expected to Rise by 26 Percent This Year

The BSE Sensex is likely to rise this year in spite of concerns over the government's finances and political stability. A poll conducted by Reuters indicated that BSE Sensex might gain 26 percent this year, hoping on interest rate cuts to bolster growth.

Mar 30, 2012

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