Facebook Inc’s initial public offering has so far generated lower-than-expected demand from institutional investors who are concerned about the company’s growth prospects, people with knowledge of the matter said.
05 May 2012
Black money: Snoop agencies report real estate as top violator
26 April 2012
India to lose the 'I' in BRICS????
New Delhi: Indian babus tried to persuade S&P men to raise its rating , but were rudely shocked at what transpired thereafter.
Standard & Poor's (S&P) credit analyst Takahira Ogawa listened politely as Indian govt officials at the finance ministry made an hour-long pitch for a ratings upgrade, citing economic growth prospects, revenues and their efforts to contain the government's fiscal deficit.
11 April 2012
Massive 8.7 quake hits off Indonesia-Tsunami fear
The Indonesian president said on Wednesday there was no immediate threat of a tsunami from an 8.6-magnitude earthquake that struck off Sumatra island.
Indonesia has issued its own tsunami warning and an Indian Ocean-wide alert was also issued after the quake, but President Susilo Bambang Yudhoyono said there was no immediate threat.
Indonesia has issued its own tsunami warning and an Indian Ocean-wide alert was also issued after the quake, but President Susilo Bambang Yudhoyono said there was no immediate threat.
06 April 2012
Indian Jewelers Call Off Strike.
NEW DELHI—India's gold-jewelry trade associations agreed Friday to call off a 20-day strike, after Finance Minister Pranab Mukherjee promised to look into rollbacks on newly implemented gold taxes.
Indian retailers have been protesting measures, effective March 16, that doubled the import tax on gold to 4% and imposed excise taxes on most gold jewelry. Earlier, the excise tax was applicable only on gold jewelry sold by large, private companies.Imports by India, the world's top consumer of gold, have nearly stopped due to the strike, impacting global prices.
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