Pascal Lamy sees China leading the way in coming days
Director-general of the World Trade Centre Orgranisation (WTO) Pascal Lamy is of the opinion that protectionism is not as bad as it has been...
Geithner predicts Indian economy reforms will trigger investment
U.S. Treasury Secretary Timothy Geithner, on October 9, 2012, has welcomed the steps taken by India to encourage foreign investment, saying that it will...
World Bank lowers China growth forecast
According to the World Bank, the growth forecast for China has been lowered due to a weak demand for exports and lower investment growth....
Chinese riots now not covered by Japanese insurance firms
Reports released on October 5, 2012, indicate that many of the big Japanese insurers have stopped covering firms in China against riots. The recent...
Petrol pump dealers threaten to work for eight hours per day
The petrol pump dealers are demanding a rise in the commission on selling of the petroleum products. The Confederation of Indian Petroleum Dealers...
RBI cuts CRR by 25bps
The Reserve Bank of India on September 17, 2012 announced that the Cash Reserve Ratio will be cut by 25 basis points. The cut...
Japan’s SMBC Nikko Securities Inc. to launch online money service
A new complimentary service will be launched for which the Sumitomo Mitsui Banking Corp will be cooperating with its subsidiary SMBC Nikko Securities Inc....
Air India seeks Rs.1,100 crore more from Indian government for implementation of VRS
National carrier Air India in order to rationalise surplus manpower, has asked the government for an additional Rs. 1,100 crore to implement the voluntary...
Fuel prices not to be hiked immediately
Oil Minister Jaipal Reddy on September 7, 2012 said that the government does not intend to raise the petrol, diesel, LPG and kerosene prices...
State Bank Of India reduces interest rates on fixed deposits by 0.5 percent
India’s largest money lender State Bank Of India on September 5, 2012 said that it announced a reduction in the interest rate on fixed...
