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BANKING / Provide more for home, consumer durables sectors: FM
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Lend liberally to spur spending, banks told
Finance Minister P Chidambaram on Tuesday asked public sector banks to lend more in the housing and consumer goods sector to boost growth momentum by spurring demand in the economy. |
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TRADE / Says no leeway on sops
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Food security is most prime, asserts India
India, on Tuesday, while welcoming fresh WTO proposals in Doha Round on agriculture, asserted the livelihood of Indian farmers and food security of nation was paramount and must be protected at all costs. |
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Poor sectoral show drags down index
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Core sectors growth skids to 7.6 per cent
Industrial growth slipped to 7.6 per cent in December from 13.4 per cent in the corresponding month of 2006 on account of widespread deceleration in manufacturing, mining and electricity, among other sectors. |
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TCS rejigs global operations to spur growth
The restructuring will bring integrated, customer-centric units to enhance customer focus, drive operational agility and address new growth opportunities in the market. |
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NASSCOM LEADERSHIP AWARDS
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Ratan Tata is Global Indian
The awards seek to recognise some of most outstanding business leaders and visionaries from across the world. |
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Factoring firms can get bank funding |
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Global IT spend seen sagging |
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Microsoft says it will try to win Yahoo over |
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Steel cos ask security for raw material |
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Bankers seek exemption from various taxes |
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Netmagic gets Rs 80 crore private equity funding |
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AT A GLANCE |
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Finance Minister P Chidambaram with Canara Bank Chairman & Managing Director MBN Rao (left) at the meeting of chief executives of public sector banks in New Delhi on Tuesday. PTI
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Click Here for DH Photogallery
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| Market Notes |
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| Gold (Bangalore) (10gm) |
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12,074 |
| Silver (per kg) |
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23,500 |
| Gold (Mum)(10gm) |
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- |
| US dollar * |
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39.84 |
| Pound * |
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78.36 |
| Euro * |
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58.31 |
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| DH Forum |
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| IT's new challenge |
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Is the slowdown of the US economy going to adversely impact the IT sector in India? Is there a way the industry can still sustain its growth? We asked our readers for their opinion and suggestions.
Most agreed that IT companies were certainly going to feel the pinch, and added that it was the hiring policies of these companies that were to be blamed.
There were others who were optimistic and said all was not lost as business could be diverted to new territories. |
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| Expertspeak |
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