Mukesh Ambani the world’s richest Indian again;Lakshami Mittal lost the maximum this year
Business tycoon Mukesh Ambani has retained his title of being the world’s richest Indian despite an erosion of USD 4.7 billion in his wealth in the past year as he beat 47 billionaires from India in Forbes magazine’s annual list of the world’s richest people.
Read more...Tags:Anil Ambani , ArcelorMittal Chairman Lakshmi Mittal , Business tycoon Mukesh Ambani , Dilip Shanghvi , Forbes magazine's annual list of the world's richest people. , India's top ten richest billionaires , Kumar Birla , Kushal Pal Singh , Savitri Jindal , Shashi & Ravi Ruia , Sunil Mittal , world's richest Indian
Reserve Bank of India (RBI) cut the Cash Reserve Ratio (CRR) by 75 basis points to 4.75 per cent
Just a few days left for Credit Policy review and Union Budget 2012-13, the Reserve Bank of India (RBI) on Friday, cut the Cash Reserve Ratio (CRR) by 75 basis points to 4.75 per cent effective March 10. The CRR stood at 5.5 per cent earlier.
Read more...Tags:000 crore of liquidity into the banking system , CRR cut to 4.75% from 5%. , CRR cuts by RBI , CRR decreased by 75 points , Monetry Policy of India , RBI , RBI Cuts Cash Reserve Ratio (CRR) , RBI cuts CRR by 75 basis points , Reserve Bank of India , Rs 48
Mind Tree appointed Subroto Bagchi as Chairman, Flyte online MP3 download portal by Flipkart, HDFC Red online property Portal by HDFC
1. Fast growing e-commerce website Flipkart is flying into the digital music download territory with its MP3 download service called Flyte. 2. The German parliament passed the second bailout package for Greece worth about 130 billion euros ($174.4 billion) to help the country avoid a default. 3. India’s largest private telecom firm Bharti Airtel appointed Nokia Siemens Networks (NSN) for building and operating its 4G network in Maharashtra state. 4. Housing finance major HDFC has expanded its…
Read more...Tags:4G network , Bharti Airtel , CEO resigned , Flipkart.com , Flyte , Maharashtra , Mind Tree appointed Albert Hieronimus as Vice Chairman , MindTree has appointed Subroto Bagchi as its Chairman , MP3 download service by Flipkart , Nokia Siemens Networks (NSN) , Online digital music download site , online property portal HDFC Red by HDFC , PepsiCo , PepsiCo India Foods CEO , second bailout package for Greece worth 130 billion euros , Varun Berry PepsiCo resigned
Review of Indian Economy 2011-12; Document published by PM Economic Advisory Council
C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister, released the document ‘Review of the Economy 2011-12’ in New Delhi 1. The rate of growth in 2011-12 is now estimated at 7.1%, which is marginally higher than the projection of 6.9% as per the Advance Estimates (AE). The Council projects a slightly higher growth for agriculture and construction than the Advance Estimates. 2. Investment activity has slowed down and…
Read more...Tags:C Rangarajan , Chairman economic advisory council , Economic Advisory Council to the Prime Minister , Gross fixed Capital formation (GFCF) , Overall farm sector GDP growth for 2011/12 will average 3 per cent , Projections for Financial Year 2012-13 , Review of the Economy 2011-12