Morgan Stanley Cuts India's Economic Growth To 5.1%
September 03 2012 3:42 AM
Morgan Stanley Monday cut India's economic growth forecast to 5.1 percent from the previously projected 5.8 percent, citing low private investment and poor government finances.
Why India Should Adopt Urgent FDI Reforms
September 03 2012 2:59 AM
With India's economic growth faltering as a result of weak governance, policy paralysis and opposition to reforms, investors feel the urgent need to push for plans to allow foreign direct investment in financial sector and multi-brand retail trade.
- India’s FY13 Growth Forecast Slashed To 5.1%
September 03 2012 1:29 AM
Morgan Stanley pared down India's economic growth forecast to 5.1 percent Monday, the lowest to be announced by any private forecaster in the fiscal year 2012/13. The financial services firm ascribed the low growth outlook to weak external demand, low private investment and poor government finances.
- Weekly Fundamentals - Bernanke Sent Signals of Unconventional Easing
September 02 2012 2:47 PM
Financial markets soared on Friday after Fed Chairman Ben Bernanke's speech in the Jackson Hole Symposium. Although the Chairman did not state whether QE3 will be announced in September, his speech was dovish enough to indicate that further easing would be implemented later in the year. Throughout the week, strength in crude oil prices reduced. Indeed both WTI and Brent crude retreated after previous rallies. Impacts of Hurricane Isaac on oil facilities in the Gulf of Mexico were limited whil...
Odisha Halts Operations at Six Coal India Mines
September 02 2012 9:01 AM
Authorities in Odisha halted operations at six mines of Coal India, the world's largest coal miner, after its environmental clearances expired, a senior government official said on Sunday.
Week Ahead: Asian Stocks Likely To Fall On Weak China Data
September 01 2012 11:55 PM
Markets are expected to begin the week on a negative note after official data Saturday showed that Chinese manufacturing activity shrank for the first time in nine months, raising concerns over the growth slowdown in the world's second largest economy.
Lufthansa Strike At Frankfurt Airport Ends, But More Could Be On The Horizon
August 31 2012 10:52 AM
Lufthansa was forced to cancel more than 200 flights and delay many more at Frankfurt Airport, Germany?s busiest, following a strike by the Independent Flight Attendants Organization, or UFO, that lasted from 5:00 a.m. to 1:00 p.m. local time on Friday.
NAM Sharply Divided On Syria: Egypt Supports Rebels While India Opposes Intervention
August 31 2012 7:34 AM
Divided opinion on Syrian crisis among the members led to a walkout by the Syrian delegation at the Non-Aligned Movement (NAM) summit Thursday hosted by Iran after Egypt's President Mohamed Morsi said the uprising was a "revolution against an oppressive regime."
China To Overtake US In Smartphone Shipments By End Of 2012: IDC
August 31 2012 6:47 AM
Thanks to strong end-user demand for lower-priced smartphones, China, the largest market for smartphones this year, will overtake the US as the global leader in smartphone shipments in 2012, according to a new report by IDC.
A Long Shot In Pakistan: Embattled Christians Seek Separate Province
August 31 2012 6:22 AM
Pakistani Christians are seeking greater autonomy in the face of hostility, but their movement for a new province is unlikely to succeed.
- Defense Organization Staffer and Journalist Among 11 Terror Suspects Nabbed In India
August 31 2012 5:15 AM
An employee of the Indian Defense Ministry's Defense Research and Development Organization (DRDO) and a journalist with an English newspaper were among the 11 men arrested in the southern Indian state of Karnataka Wednesday by the Central Crime Branch of the Bangalore police for alleged links with global terror networks.
India?s Q1 GDP Growth Rises To 5.5%
August 31 2012 2:19 AM
India's economic growth rose in the first quarter of the fiscal year 2012-13 compared to the January-March quarter of the last fiscal, indicating that the country's economy is moderately improving though the soft global demand and the weak domestic policy measures have affected it.
India's Economic Growth Estimated Around Three-Year Low
August 31 2012 12:15 AM
India's GDP growth likely languished around its lowest in three years in the quarter that ended in June, offering no respite for Prime Minister Manmohan Singh as he struggles to escape from a series of political scandals that have paralysed his economic agenda.
Child Bride Practice Rising In Iran, Parliament Seeks To Lower Girl's Legal Marriage Age To 9
August 30 2012 4:30 PM
Hundreds of girls below the age of 10 each year are forced into marriage in Iran, and the trend is experiencing a dramatic increase. This alarming statistics was accompanied by an official statement from the Iranian parliament's legal affairs committee that Iran will push to legalize marriage for girls of merely 9 years old.
The Moscow-Washington ‘Hotline’:” Remembering A Cold War Icon 49 Years Later
August 30 2012 3:05 PM
The idea for the instant communication device arose in the wake of the Cuban Missile Crisis the prior year – which saw Moscow and Washington very nearly enter into a cataclysmic nuclear war.
India Meets Pakistan At Tehran Summit: What’s On The Menu?
August 30 2012 11:15 AM
Pakistan Foreign Minister Hina Rabbani Khar, said the two countries need to settle their disputes in a more “mature” way.
The World’s Largest Marine Park
August 30 2012 11:08 AM
The Cook Islands, New Caledonia and fellow members of the Pacific Islands Forum have laid out an ambitious plan to protect some 40 million square kilometers of ocean, an area larger than the surface of the moon.
Caterpillar Bullish On China, Expects Beijing To Hike Policy Easing To Lift Growth
August 30 2012 10:59 AM
Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is confident that Beijing will step up easing efforts to drive an economic rebound and China's economic growth will probably recover this year.
Republican National Convention Pays Tribute To Wisconsin Sikh Victims With Prayer; Many Dub Effort As Hollow
August 30 2012 4:05 AM
In a first of its kind, a Sikh American delivered the invocation at the Republican National Convention (RNC) Wednesday night, CNN reported.
Govt Approves $4.1 Billion Green Vehicle Push
August 30 2012 12:16 AM
The central government has approved a ?230 billion plan to spur electric and hybrid vehicle production over the next eight years, setting itself an ambitious target of 6 million vehicles by 2020.