Prime Minister Manmohan Singh, who as finance minister in the 90s initiated liberalisation, on Sunday said his government would steadily pursue reforms to feed economic growth, while withdrawing the fiscal stimulus by next year.
Despite his Indian alliance not going as smoothly as expected, the head of Japan's Nissan Motors and France's Renault SA, Carlos Ghosn said that their joint venture will be opening their factory in south India early next year.
India may not achieve its growth target of nine per cent during the 11th Five-Year Plan period as the economic slowdown and drought are likely to take their toll, a senior Planning Commission member said.
The International Monetary Fund warned global financial leaders on Friday not to repeat the mistakes of the Great Depression and choke off emergency support for their economies too quickly.
Hyderabad-based GVK Power & Infrastructure Limited (GVKPIL) has acquired 12 per cent stake in Bengaluru International Airport Limited (BIAL) from Zurich Airport, a stakeholder in the BIAL.
Freddie Mac, second largest provider of US residential mortgage funding, has posted a loss of $5 billion in the third quarter and predicted it would need more government support amid “prolonged deterioration” in housing.
Prime Minister Manmohan Singh, who as finance minister in the 90s initiated liberalisation, on Sunday said his government would steadily pursue reforms to feed economic growth, while withdrawing the fiscal stimulus by next year.
Despite his Indian alliance not going as smoothly as expected, the head of Japan's Nissan Motors and France's Renault SA, Carlos Ghosn said that their joint venture will be opening their factory in south India early next year.
Kolkata-based FMCG major Emami is diversifying into cement business and will invest Rs 1,750 crore to set up production units in the next three years.
While Britain wants stimulus going, US, Japan & Germany differ
