[ET]India has settled a dispute over taxing profits of captive IT services units and research arms of US firms, bolstering New Delhi’s position as a preferred destination of such investments. … Continue reading
By Goldilocks 😉 I presume The stock market has erased almost all its losses for the year, yields on long-term government debt have returned to something like normal, and commodity … Continue reading
Adlabs Films, India’s largest multiplex chain, controlled by billionaire industrialist Anil Ambani, is launching one of the country’s biggest outsourcing businesses to service the global movie and television industries. The … Continue reading
Scattered signs of green shoots in the global economy are raising hopes that the recession could bottom out later this year, paving the way for economic recovery in 2010. However, … Continue reading
The U.S. continued to shed jobs at an unrelenting clip in March, pushing total losses since the recession started 16 months ago past five million. The figures, which included another … Continue reading
Satyam, up for sale! :- As of last week 11 bidders had entered the fray and a lot of the visitors here have been looking forward to some inside track … Continue reading
“In the bear market from 1929 to the bottom, stocks declined 89%, with six rallies of returns of more than 20% — and most of them produced renewed optimism. But what happened was that the economy continued to weaken with the debt problem. The Hoover administration had the equivalent of today’s TARP [Troubled Asset Relief Program] in the Reconstruction Finance Corp. The stimulus program and tax cuts created more spending, and the budget deficit increased.”
Delhi is growing at 8.4% every year and Bangalore at more than 10%. In related MGI research, by 2015 62% of India’s GDP will be private consumption in its Top 15 cities.
zyakaira notes: Satyam gave up the same day and the deals are now following tech mahindra at satyam. While Wipro has already reported a couple of failures. TCS results today … Continue reading
Rs 7136 crores addded to books with no accompanying tranactions. Jut revenue a non existent personal loan of Rs 1236 crores and non existent cash of Rs 5000 crores on assets. Added revenues of 588 cr in Sep Qtr which could not withstand preliminary due diligence.