Goldman cuts India forecast Goldman Sachs Group Inc, on Monday, cut Indias growth estimate to 7.8 per cent from 8 per cent, and foresees export growth to probably halve. The Reserve Bank of India may cut interest rates twice in 2008, once in April and again in the second half, it predicted.
CMIE HOWEVER DIFFERS
Economy will grow 9.1% Indias economy is expected to expand by 9.1 per cent in the next fiscal year beginning April, fuelled by robust investments and buoyant consumer spending, an independent think-tank said on Monday.
Canadian auto cos for tech tie-ups Canadian automobile firms are interested in transferring know-how in the field of hybrid technology and fuel cells to Indian firms.
Volvo, Jaico form JV for bus bodies Heavy vehicle manufacturer Volvo India will set up a joint venture company to exclusively make bus bodies near its truck and bus manufacturing plant at Hosakote in Bangalore.
TELECOM / Plans to raise around Rs 40,000 cr to fund its expansion
BSNL to tap market with initial public float State-owned telecom firm Bharat Sanchar Nigam Ltd, which has been valued at over $100 billion (Rs 400,000 crore), is considering an IPO to dilute up to 10 per cent of its equity to fund expansion plans.
Mesmerising 'n magical... The Mazda Taiki sits on display at the 2008 North American International Auto Show on Monday in Detroit, Michigan. The NAIAS is the world’s largest auto show.
There is a proposal to set up a commission for reorganisation of states. Is it desirable to have smaller states? Deccan Herald had invited its readers to comment on the topic. While some of the readers believe that it is good to have smaller states as it would help the government machinery to function effectively, others opine that the division of states would affect the already diminishing national unity and could only add troubles to the country.
