India Business News

Govt of India asks US regularory to keep interest of Satyam's investors

2010-01-23T11:15:00.000+05:30

Its tough time for the investors of scam-hit Satyam Computers Services ( now its Mahindra Satyam, after take over by Mahindra Tech) , as the US Security Exchange Commission (SEC) may take final decision on it. The government of India has appealed the SEC to keep interest of investors in mind over the Satyam case. Last year, the Satyam Computer had lost many clients globally. May the SEC take the interest of investors of Satyam Computers, before taking any final decision over this case. And the investors may also be expecting much from SEC.

Will Oil Prices Rise Again in India?

2010-01-16T16:49:00.002+05:30

It's a big concern for the people of India, whether they would see a rise in oil prices soon. There are chances of rising prices of petrol and diesel in India. Last year, the government has slashed the prices of oil and raised the prices in the mid year.

It's just mere speculations of having the rise in the oil prices in India. The global crude is however consistent in producing oil in the last quarter. But, there may rise the price of oil in India, keeping the options of inflationary measures open. The government may also take the financial condition of oil PSUs and companies into consideration. The politics behind the hike in the oil prices, however seem to have in calm state. Political parities in the allied government many not support the governments' decision to rise the oil prices.

Indian Economy Recovering; Good Prospects for Job Market

2010-01-12T16:19:00.002+05:30

Indian economy is recovering from the clutches of the global recession. The economy has been in the economic slowdown for almost one year. The year 2009 was quite unlucky for the job seeks as the companies adopted the cost cut measures and lay-off to keep themselves fit in the recession.

The recession session is going to be end in the 2010 completely. There are bright chances for freshers and job seekers in the market. IT majors to stepped up their effort to have projects and fresh recruitment in the current year.

This year going to be a best year for the career aspirants and they can approach companies having vacancies. Even, the placement offers for the IIT and IIM students would be more this year comparing to the offer they received last year.

Indian Market is hub for Small Cars?

2010-01-05T16:00:00.002+05:30

The Auto industry in India is growing fast,and the demand for the small car is increasing day-by-day. The major auto companies have been planning to introduce the small cars to attract large number of customers in India.

The market is the hub for the auto companies. The sale volume of the small cars and multi-purpose vehicles are said to high than a the sale of the other segments. The big companies like Tata, Maruti are successful in Indian market, because of the their small cars or family cars.

The much awaited auto-expo will the best place for the companies to introduce their small cars segments. This will be a big occasion for the companies to reach the people directly and advertise their brand before public. However, the market responds well to the small segment cars.

Dual Digit GDP for Indian Economy?

2010-01-04T16:06:00.002+05:30

Indian Economy is growing and likely to see the GDP at 8 per cent by 2011. Once, it was expected to achieve the dual digit GDP. But the collapse of the market and economy shrinking into the global slowdown made this impossible. Achieving the double digit GDP is possible, however need to get the sustain growth from all the sectors of the economy. Experts believe that the Indian economy is recovering from the clutches of the economic slowdown. The current GDP rate is between 6 to 7.5 per cent.

The GDP growth of around 6-7.5 per cent is very impressive, despite the economy was gone through the phase of slowdown for almost one year. The Indian economy has been growing fast but the contribution from its primary sectors is big concern. The rising food inflation may be due to the bottleneck and not will give any relief to the farmers. The contribution from the service sector is high and it will give further boost to the economy in the years to come. Thinking for double digit GDP growth is too much optimistic approach for Indian economy. However, the fact can't be denied that still the target of double digit GDP is possible, but many in next five years.

Rise in Car Sales in December 09

2010-01-02T10:46:00.002+05:30

The auto sector is getting good sales despite the bit of impact of the economic slowdown on India economy. The car sales in the month of December 09 were also high, but not more than the figures emerged in the month of November 09. The stimulus packages and the governments control over the economic downturn has boosted the car sales in India.

It was expected that the due to the economic slowdown that the auto industries would be affected largely. But, on the contrary, the the sales in the auto industry are on track. Most of major player in India car market have launches new models in 2009. From Nano - peoples' car to costly cars got good response in Indian auto market despite the economic slowdown.

Insurance Companies help you in Saving Your Money

2009-12-23T15:47:00.004+05:30

Saving money is the big challenge today. Investments in the stock or mutual funds are subject to market risk. The market it always volatile, one needs to be careful while dealing with funds saving or investing into the equity. The best alternative is to have the best insurance polices (it's a personal opinion), keeping the risk factors in mind. The insurance sector in growing and those companies may deliver you your return upon maturity. Apart from safe bank deposits,the purchasing insurance policies would be beneficial for a lay person.

Here are the some the major insurance companies in India.

Life Insurance Corporation of India
Bajaj Allianz
Tata AIG life
Birla Sun Life
SBI life
Max New York Life
Kotak Mahindra
HDFC
ICICI prudential
Reliance

It is always recommended to read the all the terms and conditions refereed by those companies before investing into.

Reliance Industries Appoints Walter Van De Vivjer as President and CEO of REP

2009-12-18T11:47:00.003+05:30

Reliance Industries Appoints Walter Van De Vivjer as President and CEO of Reliance Exploration & Production DMCC (REP). REP is the interntional business subsidiary of Reliance Industries (RIL), according to media reports. Walter Van De Vivjer will look after the overseeing the operations of RIL. Walter has been associated with RIL as adviser. He was associated with Royal Dutch Shell, the global oil company and left the company in 2004. He was also the CEO and co-founder of Delta Hydrocarbons BV.

General Motors inks MoU with SBI

2009-12-17T20:30:00.002+05:30

General Motors has signed MoU with the State Bank of India over financing its vehicles. According to the MoU, the SBI will provide retail and wholesale financing to customers to purchase vehicles manufactured by General Motors. The customers of General Motors now can get the financing option from the 12,150 branches of the SBI across India. Both the officials of General Motors and SBI have signed the MoU and exchanged the documents.

Bharti Airtel to buy 70% stake in Bangladesh's Warid Telecom?

2009-12-16T14:56:00.005+05:30

Bharti Airtel the the leading company in India is planning to buy 70 per cent sake in Warid, one of the major telecom companies in Bangladesh, according to media reports. The value of the deal is not clear, and according to reports, Aitel may initially invest $30 crores for the process.

Telecom sector in Banglades is growing fast and its the hub for the telecom majors to invest. Airtel has around 10 subscribers in India and the expansion plan though the acquisition will give more subscribers to it. The Warid Telecom is being controlled by the UAE-based Dhabi Group, which reportedly sought permission from the Bangladesh Telecommunications Regulatory Commission for the sale.

RBI's Monetary Policy to Contain Food Inflation?

2009-12-15T11:50:00.003+05:30

The soaring food prices in the India is the ever biggest concern for the government and the people. The government is looking for the option to curb the soaring food prices in India, those are out of reach for the poor people.

The food inflation is increasing and the mechanism are falling short in containing the same. The big question arises, the ultimate - monetary policy of the RBI, will it be effective in containing the inflation or food inflation? May be the change in the monetary policy and policy over the existing interest rates structure many help to check the soaring the food prices/inflation in India.

The interest rates will be the effective mechanism to check the supply side of the money. But on the flip side, may take some time to be effective. However, if there any changes in the monetary policy by the RBI, it is going to have impact on the food prices.

The food prices are rising may be due to the bottleneck in the market, may be checked with the effective mechanism over the supply of good and trade policies by the government of India. Any measures to check the bottleneck in the market would have immediate impact on the market and the food prices. However, it is expected that any change in the monetary polices by the RBI will in favor the economy and help to check the food inflation in India.

Tata Motors launches Sumo Grande MK II

2009-12-15T11:40:00.002+05:30

Tata Motors has launched Sumo Grande MK II on Monday. The vehicle is the upgrade version of the Sumo. Tata Motors is the boost the sales of sports utility vehicles in India. Auto experts too believe that the upgraded version of Sumo would be a good option for sports utility vehicle lovers.

However, the auto market in India has been recovering from the clutches of the global downturn. The biggest maker of vehicle in India, Tata Motors has good sales expectations from the newly launched vehicle - Grande MK II, which would cost less than its previous version - Grande MK I.

State Bank of India Slashes Deposit Rates by 25-50 bps

2009-11-07T14:34:00.002+05:30

The State Bank of India(SBI) slashes the deposit rate by 25-20 bps on the deposits for five years of term or more. The reduction in the deposit rate will is adverse for the depositors as they will get less on their deposited amounts. It is expected the cut in the deposit rate due to the current market and slow credit.

Financial sectors are guarding their liquidity considering the current market trends. For the second time the SBI declared cut in the deposit rates. Earlier, SBI had declared a cut of 25 bps on all the maturities. The cut in the deposit rates to be effective from November 9, 2009.

The State Bank of India has reportedly extended its special home loan scheme ‘My Home’ till March of next year. The scheme was launched in August 2009, the bank extended due to go good response to the scheme from the customers.

Top Banks in India

2009-11-05T12:07:00.002+05:30

Banks are the best financial institutes on which people can bank upon. Both nationalized and private banks in India are contributing a lot to the Indian economy. State Bank of India is one of the good bank and among top banks in India. SBI is also listed in the Forbes list. It is believed that SBI has maximum number of ATMs in India as comparing to other nationalized and private banks.

Banks in India play vital role in agriculture through their credit and other policies. The directions from the Apex bank - RBI to these banks help them advancing loan to farmers from time to time. There are 27 public sector banks in India and 19 are nationalized banks.

Here is the list of nationalized banks in India:

State Bank of India, Allahabad Bank, Andhra Bank , Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab and Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India and Vijaya Bank.

Private Banks:

Axis Bank, Bank of Rajasthan, Catholic Syrian Bank, City Union Bank, Development Credit Bank, Dhanalakshmi Bank, Federal Bank, HDFC Bank, ICICI Bank, IndusInd Bank , ING Vysya Bank, Jammu & Kashmir Bank , Karnataka Bank , Karur Vysya Bank , Kotak Mahindra Bank , Laxmi Vilas Bank, Nainital Bank Ltd, Ratnagar Bank, SBI Commercial and International Bank, South Indian Bank Ltd, Tamil Nadu Mercantile Bank and Yes Bank.

Source: Wikipedia

50 Crore Telecom Subscribers in India

2009-11-05T11:26:00.005+05:30

Telecommunication revolution has change the India, now you come across a person will be having a mobile or nay phone connection. The market is growing and the demand of the mobile usage is on rise. India is the best destination for the major telecom players of the world.

Recently, Telecom Regulatory Authority of India (TRAI) has intimated that the number of base subscribers in India has reached to the mark of 50 crore subscribers (500 million)in September 2009. It was speculated that the number of subscriber could reach to the tune of 50 crores (500 million) by 2010.

Many major telecom companies in India have been in the race to lure customers through introducing various new plans and schemes. The usage of mobile is also very high and depending on the features. The TRAI's report on the subscribers is a good sign for the telecom companies to follow up their existing plans to lure more customers. It is also expected that by 2020 the India could rank first in world for having highest number of telecom subscribers.

What is new in the India's New Defence Procurement Policy?

2009-11-02T12:25:00.003+05:30

It is believed that the new revised defence policy of India will help the domestic companies and industries. The policy help Indian companies, firms and industries to have joint ventures with foreign companies. India is the big importer of arms and the policy too help in developing concept of 'Buy and Make'.

The new defence policy is effective from the 1st November. It is big push to the Indian firms, companies and industries in the defence market. It can be considered as protection measure for the domestic companies.

There are mixed reactions over the new defence police in India. On the business side, its is one of the best move the help the industries. But the main question rises -whether India is going to be successful implementing the concept of ' Buy and Make'. Certainly, the new policy is encouraging India industries and it allows companies to access the vast defence market in the world.

RBI's Credit Policy and The Inflation Rate

2009-10-29T15:56:00.002+05:30

The Reserve Bank of India has not changed interest rates in its credit policy review. It was also anticipated that in order to contain the inflation the RBI may not change its interest rate. The interest rate is the main key that can contain inflation. The variation in the inflation will have direct impact on the inflation rate.

The inflation rate was at around 1.51 per cent on October 17. It indicates that the inflation is rising and in certain point of time it may come close to 2 per cent. It is obvious to be puzzled whether its will be good for economy.

The rising inflation is not at all affecting Indian Economy, as the inflation rate was at zero level for around six months. But the rise in the prices was still there, its very hard to find why there is deviation thus.

The change in the interest rate will also have impact on the liquidity of banks and ultimately it will effect the loans taken by banks from Central Bank and loans taken by individual from the banks. The economy is on the path of recovering from the the global recession and RBI's credit policy will be good measures to help the economy.

Index of Industrial Production (IIP) Rises in India, at 10.4% in Aug 09

2009-10-12T15:31:00.002+05:30

Good News! Index of Industrial Production (IIP) rose, was recorded at 10.4 per cent in August 2009 in India. Indian Economy has been recovering from the clutches of the global slowdown. The IIP was a biggest concern of the nation, as it was touched the negative slope last year.

This year the IIP has been revived and expect more good result from the industrial sector in India. The rise in the IIP in India a good sign of recovering Indian economy. The industrial sector was badly affected due the global slowdown and the formation of capital for the business was the core challenge for industrialists.

The global slowdown is now at the verge of end, the industrial sector back on track on almost countries,those had affected by the global economic crisis. The big factor is that markets across the globe are now getting good response and time to step up efforts to excel their business. The rise in IIP will help the economy in recovering from the impact of the global crisis.

Bajaj Launches Kawasaki Ninja 250R in India

2009-10-08T20:29:00.002+05:30

Bajaj has officially launched Kawasaki Ninja 250R in India. The Kawasaki Ninja 250R is expected to be a good model for youth in Indian auto market. The 249 cc four-stroke Kawasaki Ninja 250R is available in Indian market.

Kawasaki Ninja 250R has many advanced features to attract bike lovers and speed riders. The bikes will be available at the Bajaj pro-biking showrooms in India by the last week of October this year. Kawasaki Ninja 250R would cost around two lakh and sixty nine thousand rupees in India. Kawasaki Ninja 250R bikes will be imported from Thailand.

Gold Investment: Good to You?

2009-10-07T20:04:00.002+05:30

The glittering metal market is attracting investors, gold price is at all time high. The market sentiments are bit tough to read and understand. For investors the gold is the best alternative option available in the market.

For investors the gold investment is a good option. But for the ordinary persons the investment in gold may give some benefit. Before investing in gold blindly, you need to know some the facts about the bullion market.

Glittering market is very attractive to invest you hard earning money, but be cautious about your plane and think again from where your going to buy the gold, is the gold your going to by is certified for purity.

Its festival time in India, purchasing gold is considered as auspicious. You can purchase gold from banks, financial institutions, companies and other bullion traders. Certainly, you need to get the certificate of the purity of the gold you want to buy. Some of the companies and dealers have the buy back policy, those would be helpful to sell your gold to them. Investing in gold is a good option rather than in jewellery.

Finance Ministry cuts Non-Plan Expenditure of Ministries by 10 %

2009-09-07T20:41:00.002+05:30

Indian Finance Ministry cuts the Non-Plan Expenditure of Ministries by 10 per cent, according to media reports. Indian Ministries are reportedly told to cut their domestic and foreign travel expenditure.

This could be a measure by the Government of India to keep tab on the non-plan expenditure of various ministries. The non-plan expenditure is one of the major factor that determines the budget estimation and actual expenditure. It is seen that the non - plan expenditure could rise if there no tab on these at all. However, major portion of a budget is also categories for non plan expenditure. The deficit of the budget can also be check if the non plan and planned expenditure made as per scheduled provisions.

Union Cabinet Approves 7 New Indian Institute of Management (IIMs)

2009-08-27T21:58:00.002+05:30

The Union Cabinet on Thursday approved for setting up seven new Indian Institute of Management (IIMs) in the states of Jammu & Kashmir, Haryana, Rajasthan, Jharkhand, Uttarakhand, Chhattisgarh and Tamil Nadu. The cabinet has cleared an outlay of Rs 451 for each IIMs in the 11th and 12th Five Year Plans.

The as per the outlay in the Five Year Plans, first four IIMs to be established in Rohtak (Haryana), (Chhattishargh) Ranchi (Jharkhand), and Tiruchirappalli (Tamil Nadu). These four IIMs to be operational for the academic session 2010-11. The rest three IIMs would be set up in Jammu & Kashmir, Uttarakhand and Rajasthan in 2010-11.

Aviation Industries Crisis in India, Praful Patel Meets PM

2009-08-09T17:12:00.002+05:30

The crisis of the aviation industries is not over. The companies have been facing huge loss to the tunes of crores of rupees due the the global financial crisis and the domestic factors. Considering the seriousness of the domestic airlines, the Minister for Civil Aviation, Praful Patel called on the Prime Minister on Saturday.

It is expected the minister is likely to make a complete presentation on the problem of domestic aviation sector to the cabinet. According to some media reports, Patel may propose to set up a group of minister to look in to the problems faced by the domestic airline industries.

The domestic civil aviation sector is one of the worse hit due the global slowdown. In order to keep their profit intact during this hard time, many airlines have adopted several measures. It was hard time for the civil aviation and other companies.

Inflation Weighs High on Middle Class and Poor Families in Indian economy?

2009-07-30T19:54:00.004+05:30

It's all about the inflation in India, which is said to be in negative mark of late. The inflation rate however lower in Indian economy but weighs high on the middle class families. In the point of view of middle class families the inflation is just a jargon, which they can't understand very easily. It is the economists and experts those define it and the society follows. But in order to cross check the actual status of the inflation one need s to well verse in the calculations and economics theories.

The food prices in India has been raising and the people of the country are feeling the pinch. In the case of middle class families and their house hold budget is just reversed. Everybody is clueless how to manage the household budget in this tough time. The job market scenario has been completely changed due to the on going economic crisis and no answers are heard - how long it will go.

Recently, few news channels had shown the prices of vegetable and groceries in various markets. The shown prices on those news channels are enough to define the pinch of middle class families. Last year, the situation was completely reverse - there was high inflation rate, even touched to the double digit for the first time last thirty years. Despite the people were able to manage their budget, but now the inflation is in negative points and people are unable to bear the expenses for their livelihood. It is too difficult to say that how the prices of goods will reduce as the inflation is yer to raise from the negative slope.

Villages in India to get broaband connection by 2012?

2009-07-11T15:16:00.002+05:30

The Minister of State for Communications and IT Gurudas Kamat said that the all villages in India will be connected to broadband by 2012. It seems that government would focus on the e-governance and the application of e-governance would be a bless for six lakh Indian villages.

The broadband connection for each and every village would be a big revolution in the Information and Technology in India. The usage of the Internet and various the service providers will increase and those application will create more jobs in the IT.

The usage of Internet will connect all the village globally and the flow of information might help checking the social-economic problems. The usage of the e-governance would make all the government projects to achieve projected goals. The connectivity of Internet needs the proper infrastructure and the electricity. In order to connect all the villages with Internet, the government need to focus on the availability of electricity.

The villagers can used the Internet in various development work and schools and collages would be connected globally with higher educational intuitions. The connection of Internet in all villages will transform those village into global villages.