Despite economic crisis, India Inc is counting its blessings

The economic crisis leading up to recession in a number of developed economies has dented their GDP growth for the past few quarters. However, the Indian Economy has displayed a degree of resilience although the rate of economic growth has witnessed a deceleration following a slowing export demand. The industrial activity in India has slowed down since the beginning of the second half of FY09. However, there are a few positive signs which indicate a partial recovery in some sections of the e...
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GM to save Opel after striking deal with Magna

BERLIN (Reuters) -- Germany reached a landmark deal with Canadian auto parts group Magna, General Motors and governments to save carmaker Opel from the imminent bankruptcy of its U.S. parent, German leaders said late today. Finance Minister Peer Steinbrueck told journalists waiting outside Chancellor Angela Merkel`s offices for the six-hour meeting that a comprehensive deal had been agreed. "I can tell you that a deal has been reached," Steinbrueck said shortly after 2 a.m. local time. He...
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Teen movies have fewer swear words now

Washington: Movies targeting teenagers were often full of violence but a welcome development is that they no longer bristle with as many swear words as they did 25 years ago, a new study says. Communications professors of the Brigham Young University analysed 90 top-grossing movies from 1980 to 2006 for swear words and bad language, including those with sexual and excretory overtones. They found that current movies have only half the profane language. "We were quite surprised at the findin...
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Vayalar Ravi takes charge of overseas Indian affairs ministry

New Delhi: The Indian government was seriously considering "an institutionalised mechanism" to prevent racist attacks on Indians abroad, Vayalar Ravi said Friday after taking charge of the overseas Indian affairs ministry. After taking charge of the ministry again with a simple function at Akbar Bhavan here, Ravi said his immediate task was to protect the Indians in Australia as a number of Indian students have faced allegedly racial attacks there this week. "The government of India has t...
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Vayalar Ravi takes charge of overseas Indian affairs ministry

New Delhi: The Indian government was seriously considering "an institutionalised mechanism" to prevent racist attacks on Indians abroad, Vayalar Ravi said Friday after taking charge of the overseas Indian affairs ministry. After taking charge of the ministry again with a simple function at Akbar Bhavan here, Ravi said his immediate task was to protect the Indians in Australia as a number of Indian students have faced allegedly racial attacks there this week. "The government of India has t...
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Vayalar Ravi takes charge of overseas Indian affairs ministry

New Delhi: The Indian government was seriously considering "an institutionalised mechanism" to prevent racist attacks on Indians abroad, Vayalar Ravi said Friday after taking charge of the overseas Indian affairs ministry. After taking charge of the ministry again with a simple function at Akbar Bhavan here, Ravi said his immediate task was to protect the Indians in Australia as a number of Indian students have faced allegedly racial attacks there this week. "The government of India has t...
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Heir apparent Stalin is deputy chief minister in Tamil Nadu

Chennai: M.K. Stalin, the popular younger son of Tamil Nadu Chief Minister M. Karunanidhi, was Friday named deputy chief minister in a clear signal that he would get to head the DMK and rule the state at a future date. With Karunanidhi, one of India`s longest surviving politicians, in poor health and confined to the wheelchair, Stalin`s elevation had been expected in the DMK for a long time. But it caught most people by surprise Friday. Wild celebrations erupted outside Stalin`s residence ...
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Indian economy to revive later in FY10: Goldman Sachs..!!

Economic activity is likely to pick up in the second half of 2009/10 as recent indicators of investment activity show sequential improvement and on significant easing of financial conditions, Goldman Sachs said. The economy continues to have significant pent-up demand for investment, especially in infrastructure and in affordable housing, it said in a note on Friday. "We therefore see upside risks to our gross domestic product (GDP) growth forecast of 5.8 per cent for FY10," Pranjul Bhan...
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The prime minister`s SCO dilemma

Prime Minister Dr Manmohan Singh will visit Yaketenaburg, the third largest city of Russia [Images] on June 15 and 16. This will be his first visit abroad after taking over the top job once again. Yaketenaburg is the highly industrialised city which will host the summit of Shanghai Cooperation Organisation on June 15-16 (morning) and the Brazil-Russia-India-China (BRIC) summit on June 16 evening. In the past five years, Dr Singh has resisted attending the SCO but has sent ministerial le...
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McDonald`s to invest Rs 400 crore over 5 years...!!

More yellow arches across India. The McDonald`s chain of fast-food restaurants is planning to penetrate further into the country, where it already has 160 outlets, with the business divided zonally between two units of the burger chain. "We will invest Rs 400 to Rs 500 crore over the next five years to open 150 to 170 more restaurants in India," said Amit Jatia, managing director, McDonald`s India (West and South). The company spends around Rs. 3 crore on each outlet. In 2009, the company ...
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