The Greek financial crisis has put the very survival of the euro at stake. At the euro’s creation, many worried about its long-run viability. When everything went well, these worries were forgotten.
'More turmoil ahead in global financial markets'
Eventually the euro, unfortunately, is going to break up because it keeps weakening itself from within. If they would let Greece go bankrupt, for instance, it would strengthen the euro, it would strengthen the Eurozone because then people would know you have to maintain a sound economy.
India: External deficit widens but the rupee appreciates sharply!
Normally, when a country runs a moderately high current account deficit and relatively rapid inflation is weakening its competitiveness, one expects to see a depreciation of its currency to bring about an adjustment in imbalances
India Stocks Face Greater Inflation Risk Than China, HSBC Says
India will increase interest rates by 150 basis points in the next 12 months to contain rising prices fueled by accelerating economic growth, HSBC forecasts
The cost of power and fuel was lower by over three per cent on account of stock adjustment. Imported coal cost rose to $110 a tonne from $90 a tonne in the third quarter.
Now, Irda focuses on policyholder protection
The regulator has identified 22 major and 150 minor complaints for which it proposes to strengthen the redressal mechanism, an Irda official said.
Banks may get more teeth as govt speeds up loan recovery
Rating agency CRISIL expects gross NPAs of Indian banking system to swell to around 5% of the advances in March 2011. Currently, banks need permission of the relevant Chief Metropolitan Magistrate or the district magistrate for seizing an asset. The new rule will require the district administration to carry out due diligence and take a decision within 120 days of the request.
VC, PE firms lining up for mass exit
India has never seen more than 20 VC exits in a year. But in the first three months of 2010 alone, there have been 10 VC exits against three last year, according to research firm Venture Intelligence.
Govt to divest stake in 10 more PSUs
As per criteria, 60 state-run companies are eligible for disinvestment. Last fiscal, the government had raised Rs 25,000 crore through stake sale in PSUs like Oil India, NMDC, REC and NTPC.
Govt to give Rs 14,000 cr more to oil PSUs
Of this, the finance ministry had previously released Rs 12,000 crore (Rs 120 billion) in cash and today they agreed to give an additional Rs 14,000 crore.
RIL, RNRL gas dispute all set for court finale
If the three-judge panel, which reserved judgment in the lawsuit after arguments concluded on December 18, upholds the Bombay high court verdict, RIL will have to supply gas to RNRL's proposed Dadri power plant at $2.34 per mmBtu - 44 per cent lower than the government set price.
Govt to add 74K MW power capacity in XIth Plan
"With best efforts, we would add about 12,000-13,000 MW power generation capacity over the likely addition of 62,000 MW in the current five-year plan. This would be at 74,000 MW near to the original target of electricity generation capacity of 78,577 MW,"
Wind energy sector targets 5k MW capacity by 2015
He said the cost of production of a MW power would be Rs 5 to 6.5 crore which is much cheaper than the solar energy.
3i Infotech to shift focus on IT Solutions.
“We will focus on IT solutions and transaction services business as we see pick up in demand in these areas, though, we are not doing away with products.”
Are telcos paying too much for 3G spectrum?
The valuation metric used globally for the evaluation of 3G auctions is dollar per MHz of spectrum per population covered. This metric reached as high as $4/MHz/pop for auctions in the UK, which left the participating carriers nearly bankrupt.
0 comments:
Post a Comment