It's time for an oil price correction

In the past few weeks, oil prices have spiked to 28 per cent higher as many major global oil companies reported severe fiscal losses in the first quarter of 2008. However, oil prices are expected to pull back significantly in the coming weeks..

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FICCI seeks concrete guidelines in WTO Services Text

Expressing its disappointment over the WTO Text on Services Negotiations, FICCI said that the text hardly provided any guidelines to ensure effective market access in service sectors and modes of export interest to developing countries..

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Economic census 2005 shows growth in employment

The fifth Economic Census 2005, was released in Delhi by secretary, Ministry of Statistics and Programme Implementation, Dr Pronab Sen. The growth rate of employment during 1998 to 2005 is considered higher than the growth rate during 1990 to 1998..

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Cultivation of medicinal plants getting popular

With the increase in demand for herbal medicines, is growing the popularity of cultivation of medicinal plants as well. Moreover, easy availability of finance and huge profit margins is generating interest among farmers to opt for such plants.. More on Cultivation of medicinal plants getting popular

Popley, Disney co-venture into jewellery

Popley Group enters into joint venture with the Disney Consumer Products, India, to make exquisite designer jewellery. The jewellery items comprise of neckpieces, earrings and rings studded with platinum, gold and diamonds..

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The right stand for your television set

Markets are flooded with various kinds of TV stands. However, choosing the right stand for your TV set is important. A bigger stand does not mean it will bear the weight better. It all depends on what material the stand is made of..

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Prahlad Chhabria honoured for 'entrepreneurship'

Prahlad Chhabria, Finolex group chief, was honoured by the prestigious Institute of Directors in London with a silver platter on the launch of his autobiography - 'There's no such thing as self-made man'.

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Quest Software and Sage Software join hands

Quest Software and Sage Software have signed an agreement, which will make Quest an endorsed development partner in Sage's business management division. As per the agreement, Sage Software will market Quest's SQL server management solutions.

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Revised NAMA draft disappoints Indian industry

Expressing their disappointment over the just released WTO draft on NAMA modalities, leading industry chambers like FICCI and CII say that the new draft has failed to follow the Doha mandate of 'less than full reciprocity' in tariff reduction.

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BSEL Infrastructure signs MoU with IRDA, Malaysia

BSEL Infrastructure Realty Ltd has signed a MoU with IRDA, Malayasia, which says BSEL will invest Rs 18,000 crores in IRDA over a period of 12 years and IRDA will help BSEL seek approvals from various authorities to facilitate its development process.

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Bengal to forge Thai connection

The poster boy of Bengal's politics chief minister Buddhadeb Bhattacharjee is hell bent on wooing foreign investments. Relentless in his pursuit he wants to make the most of India's 'Look East' policy and has Indonesians and Thais dropping in.

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How to get and spend Age of Canon gold

Age of Canon – a massively multi-player online role-playing game – has gained popularity in the online gaming circles. Developed by Funcom, this game revolves around earning AoC gold to become a legend of Hyborian age.

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Inflation in Zimbabwe breaks all records!

Inflation breaks all the records in Zimbabwe. But it's a wonder how at this inflation-level, its economy is still surviving, the country has observed election and Robert Mugabe has lost, but still not very large scale of violence has been reported!

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Real estate business in India

Commercial property is specially designed for commercial, industrial and institutional activities for earning profit. The development of commercial properties has played a significant role in our Gross Domestic Product growth in recent times.

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Jobs in real estate in India

Profession of real estate has expanded and provides one of the widest career selections in the business world today. Real estate aspirants have career opportunities with various organisations. This is a growing field for Indian professionals.

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Forex brokerage firm breaks mould with cash rebates

FxRebates is one of the premier Forex brokerage firms in the industry. They specialise in introducing knowledgeable and capable brokers to Forex traders and assisting those traders in improving their profit margin and bottom line.

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Higher crude prices will weaken Indian economy

Weak rupees against dollars have brought cheers to Indian exporters but boiling crude prices above $127 a barrel will double the burden of country's import bill and may cripple our economy.

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MDLR airlines launches flight to Dharamsala

MDLR airlines has started its flight operation from Delhi to Dharamsala route on a 70-seater Avro RJ aircraft. MDLR had to postpone its maiden flight scheduled last month, following bursting of aircraft's tyres during route checking at Kullu airport.

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Financial sector reforms – XXVII

The problems with Northern Rock in the UK are being attributed to the fact that the UK moved to a single supervisor, the FSA. At the same time, the Bear Stearns debacle in the United States is being attributed to the absence of a single supervisor.

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India in the top five list of migrant remittance

Though a huge number of people migrate from India, a new trend is on a rise, a good number of people are migrating to India also. India has attracted 5.7 million of people from the world, but a huge chunk of them are from Bangladesh.

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Honda to strike chord with new Accord in India

The buyers of Gigabyte motherboard have reasons to smile. The company has announced a summer sales promotion campaign. The campaign offers free trip to Bangkok and Pattaya on purchase of specific motherboards.

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Service sector seeks government attention

Though primarily an agrarian society, India has reached a point where its service sector can expect to grow at a relatively faster pace and needs to be provided not only all the necessary support but also perhaps a gentle push.

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Freelancing: Is it a better option?

Starting a business is not everyone's cup of tea. But internet gives you an option. One of the biggest online opportunities today is in the field of freelance writing. Anyone who can write well and has a creative approach can grab this opportunity.

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Samsung expands 'Guru Series' - launches Guru 200

Samsung Telecommunications India has launched its latest mobile handset - Samsung Guru 200, which would offer FM recording at the entry level mobile phone segment. Users can not only record songs from FM, but also save these as alarm or ring tones.

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ICRA assigns A1+(SO) ratings to Yes Bank PTCs

The PTCs issued by Yes Bank have been given the conditional rating of A1+(SO), which is the highest-credit-quality rating given to short term debts. The Rs277.97 million issue consists of two series of rated PTCs, backed by receivables from DSL.
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BPOs becoming breeding ground of fraudsters?

Mischief-complaints by Indian BPOs' employees to its overseas clients have emerged that causes disbelief in overseas clients about Indian BPOs. Seeing business-loss risk, Indian BPOs serving overseas clients have taken steps to restore their beliefs.
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India to adopt international accounting guidelines

One of the problems that one comes across in international business is the lack of consistency in the accounting standards that obtains across countries. This inconsistency can affect the profit of firms significantly as the following reveals.

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Working class: Payday loans meet specific needs

The working class has found a solution for urgent financial needs in Payday loans. Payday loans meet temporary cash shortages for many working people and are becoming popular for UK residents who need fast cash on the same day and have a bad credit.

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Will cartelisation in rice work?

Despite accounting for more than 60-70 per cent of world rice production, in many Asian economies, price of rice has become double in a year. Will formation of rice cartel OREC on the line of OPEC not ensure cheap domestic price?

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Working class: Payday loans meet specific needs

The working class has found a solution for urgent financial needs in Payday loans. Payday loans meet temporary cash shortages for many working people and are becoming popular for UK residents who need fast cash on the same day and have a bad credit.

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Generation-X caught up with stock market fever

The stock market fever has now got the moolah-savvy youth of the city of Nawabs off their feet. They are investing big time in stocks and shares after discovering that it's hip to be fiscal and have become astute about their financial concerns.

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Financial sector reforms – XXII

The Report suggests a three-tier world of financial markets, comprised of public exchanges, professional exchanges and the OTC market. Also, hedge funds would be a valuable addition to the landscape of financial firms. It wants STT abolished!

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Mumbai ranks 7th with largest number of billionaires

Despite all odds like flood, filthiest slums, terrorist attacks on mass transport system and mad leaders, Mumbai is ranked seventh in top cities of world having largest number of billionaires as per Forbes magazine.
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Oil marketing companies lost 77,303 crores last year

To contain the adverse impact of the high international oil prices on the economy and on consumers, the government has embarked upon a multi-pronged strategy. Oil prices rose to an unprecedented USD 121 per barrel, this week.

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Soaring crude oil prices making government cry

Pension funds, hedge funds and sovereign wealth funds have poured massive money into commodity market including oil future market making the prices touching all time high $120.00 per barrel, creating tough time for government in the election year.

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Inflation largely insulated in India, China

India and China have not faced severe price rise when compared to the price hikes in other countries of Asia and Pacific. An ADB report says that the problem of high food prices will persist in the next few years throughout the world.

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Bank of India’s stellar performance

Control on operating expenses, in particular employee cost and an impressive growth in other income and an even more impressive growth in main income (income from operations) have helped Bank of India register enviable growth in 2007-08!

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Jute production: A bagging question

The jute packaging order is being questioned by the PWS manufactures association. On one hand is the livelihood of 40 lakh jute farmers and on the other, the powerful petrochemicals lobby. The article examines the pros and cons of jute production.

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FICCI welcomes the move to reframe IIP

The government has decided to reframe the weightage of certain items in the Index of Industrial Production. FICCI has welcomed the move of revising the index as the federation has been seeking the change since long.
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