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London: Market-based growth is a priority for every country, World Bank’s new president Jim Yong Kim has said. Kim told BBC that capitalist “market-based growth is a priority for every single country”. He described it as the best way to create jobs and pull people out of poverty. Kim, a Korean-American public health expert and [...]
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It is assumed that education and knowledge are prerequisites to start and operate any business. However, Padmavathi Uppala, founder of Unnathi Stickers, who has studied up to Class VIII proves that confidence, patience and hard work can overcome all odds. Talking about her business idea, she says “I got married while I was studying Class [...]
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Washington: Ajay Banga, president & CEO of MasterCard Worldwide, has been elected next chairman of the US-India Business Council (USIBC), a trade association made of 350 top American and Indian companies. Banga, who became the president and CEO of global payments and technology company in July, 2010, takes over from Harold “Terry” McGraw III, president, [...]
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Mumbai: The Reserve Bank today hinted at lowering interest rates saying that focus of monetary policy needs to be shifted to arrest declining growth while keeping inflation under control. “Inflation expectations moderated in the fourth quarter of 2012-13 but remain high. With significant upside risks to inflation, monetary policy needs to keep them anchored, while shifting the [...]
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Agriculture is the principal source of livelihood for around 60 per cent of the population. India is also second largest food producer in the world as fulfills the needs of its 120 crore population. Despite the great importance the sector holds, it is still struggling to grow due to various factors. Many farmers went on [...]
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Billionaire investor George Soros has called on Germany to contribute more to help save the euro, according to an interview published in the weekly newspaper Welt am Sonntag. “The Germans should decide if they want the euro or not. If so, they have to carry out financial transfers. If not, they should leave the eurozone,” [...]
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New Delhi: Mahindra Satyam seems to be winning back the faith of foreign investors as their holding in it has crossed 20 per cent mark for the first time since it was hit by the accounting scandal, considered the country’s biggest ever corporate scam, more than three years ago. The foreign institutional investors (FIIs) more than doubled [...]
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Realty Check Sanjay Dutt The demand fundamentals of the India story are now focused around all cities that have sufficient economic activity, be it industrial, service sector-driven or incentive-driven programmes by the State government. In Gujarat, which has seen considerable industrial progress, the key cities of Ahmedabad, Surat and Vadodara come readily to mind. Baddi [...]
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Vamshi Krishna Reddy gave up a well-paying job in the US to launch a company with an entirely new concept. Now seven years later, the company is doing exceptionally well Imagine giving up a lucrative job in the US and moving to Hyderabad to test previously uncharted territory. But that is exactly what B Vamshi [...]
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Mumbai: Following complaints from customers, the Reserve Bank has made it clear to banks that there are no restrictions in allowing use of electronic modes for various transactions including repayment of loans. “It is, therefore, advised that all banks should allow the customers to choose National Electronic Funds Transfer (NEFT) as one of the electronic modes of making [...]
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