Key sectors FDI cap in for relook The Eleventh Plan draft document has built a strong case for relaxing Foreign Direct Investment (FDI) norms in key sectors like insurance, private banking, single brand retailing and broadcasting.
BOURSES / Forays into options business with $652 m all-cash buy
Nasdaq picks up Philadelphia SE Nasdaq Stock Market Inc., the all-electronic exchange, that handles most shares in the US, agreed to acquire Philadelphia Stock Exchange for about $652 million in cash to enter the options business.
FOR INCLUSIVE GROWTH
Plan paper sets specific targets Amidst criticism of economic development bypassing a large section of the society, the Eleventh Plan proposes to make growth more inclusive by introducing specific national and state level targets to monitor programmes like poverty alleviation.
Yahoo says sorry to Shi's mother Yahoo Inc Chief Executive Officer Jerry Yang apologised to the mother of an imprisoned Chinese dissident during testimony at a heated Congressional hearing probing the company's role in jailing the man.
See better growth; declining inflation
CEOs gung-ho on the economy Business executives in India are the most optimistic across in the world, when it comes to their take on inflation and the overall economy in the country six months down the lane, a new survey states.
Will the political turmoil in Pakistan make democracy a more distant dream for the people of that country? How will it impact the peace process and India’s own security?
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