Indian Cos investments in USA everincreasing

Indian investment in 2008 was USD 4.5 billion but the investments in 2009 grew 60 per cent higher than investments in the previous year. He was quoting from a yet to be published report by India US World Affairs Institute and the University of Maryland.

This feat has been achieved by acquiring 372 businesses by Indian companies in the US between 2004 and 2009 worth USD 21 billion. which has created an estimated 40,000 employments in the US.

FDI's are down as recession re-emerges from Europe

Foreign direct investment in India dipped for the second month in a row in April to $2.21 billion, down 5.1 per cent over the year-ago period.

In March, the inflows had contracted by about 38 per cent to $1.2 billion. The inflows in the first three months of 2010 were $4.96 billion, down 20 per cent from $6.17 billion in the corresponding period last year.

Fiscal deficit 2009-10 marginal better then Govt Expectations

India's fiscal deficit for the 2009/10 fiscal year that ended on March 31 was Rs 4.12 trillion ($88.9 billion), the government said in a statement on Monday.

The deficit is equivalent to 6.6 per cent of India's gross domestic product (GDP), according to a Reuters calculation, and was slightly lower than the government's revised target of 6.7 per cent.

In February, the government had revised its fiscal deficit estimate for the year to Rs 4.14 trillion. Tax receipts were Rs 4.59 trillion and total expenditure was Rs 10.19 trillion for the 2009/10 fiscal year.

Govt speeds up PSUs stake sale

India's cabinet approved a plan to speed up the sale of stakes in state-owned companies as the government aims to make nationalised companies more responsive to markets as well as cutting the fiscal deficit.

The cabinet will allow state-run companies to appoint investment bankers and other intermediaries at the same time as they seek cabinet approval for stake sales, allowing IPOs to proceed more quickly when market conditions allow.

Previously companies had to wait for cabinet approval before moving ahead with preparations, causing delays that have already sparked problems with valuations as market dip.

BRIC economies growth predictions 2010 - 11

China, India, Brazil and Russia are powering ahead, the Organisation for Economic Cooperation and Development said on Wednesday, revising upwards its growth outlook for all four largest emerging economies.

With the expected rebound of agricultural output in India, growth should be strong in the near term while inflationary pressures would also remain high amid strong outlook for demand.

Russia should use windfall oil revenues to eliminate fiscal deficits more quickly but if oil prices and capital inflows continue to increase rapidly the country would face another boom-and-bust cycle.

In Brazil, infrastructure investment will help lift growth again despite tighter monetary policies and the beginning of spending cuts

World's top 10 reputed companies 2010

Following are the top 10 most reputed companies of the world as according to survey by the reputation institute.

RANK	COMPANY NAME
1	GOOGLE Inc
2	SONY CORPORATION
3	WALT DISNEY COMPANY
4	Bavarian Motor Works(BMW)
5	Mercedes-Benz
6	Apple Inc
7	Nokia
8	IKEA
9	Volkswagen
10	Intel

Investment proposals worth 1400 crore passed

The government cleared 24 foreign investment proposals, including those of media company Asianet and broadcasting firm Tata Sky, worth Rs.1,412 crore.

Asianet's proposal worth Rs.425 crore is on induction of foreign equity to undertake the business of broadcasting non-news and current affairs television channels.

Indian black money and IPL

Well Indian Premier league is just over so i wanted to write on it . As this time i thought the IPL was indirectly related to Indian economy or atleast with the black money which is as large as the legal value of indian economy.

So why was the whole episode of suspending lalit Modi created.?

The obvious reason for that was he brought name of Shashi Tharoor and her so called friend sunanda(oops i forgot to keep the 's' capital) in the eyes of the common men. people now obviously think that the black money which our politicians make from corruption, smuggling, trafficking etc have been properly invested by them in bringing the IPL teams. Prafull (he is full of money) Patel himself might be related (although these alligations have been ruled out by the puppets for NCP)......i mean people of BCCI.

The reason of indian government beginning to go after Lalit Modi is very obvious! that is - you have made one of our most public politician to resign so you have no right to come in front of public too.....(being the IPL chairman). Lalit Modi himself is tremendous businessman and turned this business venture of IPL into profit in the very first year.

The other reason is that the ruling politicians have not got their share of the black money and they are crying...sob sob. There are no proper papers of the deals and after some masala news, News channels have got their share for keeping their mouth shut from now on....!!

It's sad to say that we live in a country being run by ignorant goons!! It's only the hardwork of the people which is keeping our economy on growth path.

Another funny thing from this whole IPL episode was that the minister's use public money for their own pleasures... (example being the Poorna Patel episode). and a false clarification from AI on the whole episode.

God Bless India

Economy of India to grow at 8.3 percent

Assuming a normal monsoon, we expect GDP growth to surge 8.3 per cent during the financial year 2010-11, driven by robust industrial growth and resilient performance of the service sector," D&B said in a report.

Besides, it said that rise in consumption demand is likely to contribute majorly to the economic growth and help augment investments.

Healthy income levels on account of faster pace of job creation as well as broadening of tax slabs -- as proposed in this year's Union Budget -- will create higher disposable income with consumers, driving up demand.