Tag Archive
Buying Gold Will Hedge Against Inflation
Gold is the go to money in times of inflation and economic crisis. Gold is a hedge against inflation. If you are saying to yourself right now that gold is not money, and that it is just a shiny relic that people wear around their necks, then you are dead wrong. »
India’s GDP to further decline by 0.6 pc in FY 2009-10
For those advocating that the impending recession in US would not hit India, here comes the shocker of news. The Indian Gross Domestic Product (GDP) is set to decline to 6.5 pc in the financial year 2009-10, down by 0.6 percent from the year 2008-09. CEOs Survey based GDP growth forecast done by Associated Chamber... »
Free pricing for petrol speculated in India
A senior petroleum ministry official stated that freeing pricing for petrol was under consideration. While many officials feel that this would be an opportune time to move towards market-based pricing, as this would make the price of petrol and diesel actually come down drastically, it is also true that oil in the global market... »
Global recession trigger expats to return to India
Reports claim that US and Europe financial markets are shattering and expats are turning back to their homeland. In India too the 7-8 percent projected growth for 2009 has triggered the employees to see better prospects back home. The employment scene was never so jittery abroad with severe losses of jobs, touching a figure of... »
Deutsche Indian arm gets Rs 325 cr
Deutsche Bank announced last week that it has infused Rs 325 crore ($65 million) into its Indian subsidiary for increasing its tier-I capital to fund the bank’s growth in the country. The current capital infusion will take the Deutsche Bank group’s total capital in India to over Rs 6,000 crore. This makes Deutsche the... »
Indo-Russian reactor deal
India and Russia will sign an agreement to this effect today with the continuation of the three- day visit of Russian President Dmitry Medvedev, his first to India since taking over as President in March. India has also agreed to identify another location for a nuclear power plant that will be built by Russia,... »
Indian inflation slides further, dips to 8.4%
Reports state that India is in for good news as its annual rate of inflation has dropped further to 8.4 percent for the week ended Nov 22 from 8.84 percent the week before its fall in prices of petroleum fuels. The annual inflation rate however was 3.11 percent during the corresponding week in the... »
