Archive for the ‘Finance’ Category

Ratings on Obama’s handling of the deficit

Ratings on Obama’s handling of the deficit

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… Most Americans disapprove of the way Barack Obama is handling the federal budget deficit, but head-to-head against the Republicans in Congress, the president appears to be in better political shape than former president Bill Clinton was at the start of his year-long budget fight with the Republicans in 1995. In... 

Rupee ends largely steady post choppy trade

Rupee ends largely steady post choppy trade

15
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The Indian rupee closed little changed after fluctuating through most of the session on Tuesday, closely mirroring local share moves and the dollar overseas. The partially convertible rupee ended at 45.515/525 per dollar, after trading in a range of 45.3925-45.5425 intraday, a tad weaker than its 45.49/50 close on Monday. The... 

Switzerland to Hinder Tax Cheats

Switzerland to Hinder Tax Cheats

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ZURICH—Switzerland said it will make it easier for foreign governments to hunt for tax cheats with Swiss bank accounts, amid continuing criticism that it still does too little to assist international tax authorities even after two years of pressure to ease bank secrecy. The Swiss Finance Ministry said Tuesday that Switzerland... 

Sovereign debt may hit Indian IT: Infosys

Sovereign debt may hit Indian IT: Infosys

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BANGALORE: The looming sovereign debt crisis in Europe may impact the Indian IT industry’s growth in 2011 in case of defaults, a top official of the IT bellwether Infosys Technologies Ltd said. Though the slow economic recovery in the developed markets has not impacted our business till now, the sovereign debt crisis... 

Microsoft embraces ARM Holdings: what the analysts are saying

Microsoft embraces ARM Holdings: what the analysts are saying

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As shares in ARM Holdings soared on news that Microsoft is to design a Windows operating system compatible with ARM’s chips, analysts assessed what Microsoft’s embrace means for the Cambridge-based company. The move marks Microsoft’s biggest step away from its long-standing, lucrative alliance with Intel, to... 

Property prices to rise in next one year, then correct: NHB

Property prices to rise in next one year, then correct: NHB

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NEW DELHI: Housing regulator, NHB, which is awaiting USD 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently. “In the next one year, property prices would be moving northwards... 

Won’t see much impact of new NHB norms: HDFC

Won’t see much impact of new NHB norms: HDFC

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The National Housing Bank (NHB), India’s housing regulator, has tightened lending norms for housing finance companies (HFC). The new norms suggest that housing finance firms on one hand make greater provisions for loans extended to companies and builders, and on the other hand limit the amount a person can borrow against property. Experts... 

Airlines in tailspin after govt gives fare warning

Airlines in tailspin after govt gives fare warning

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Indian private airlines seem to have litte choice but to give in to the clamour for lower fares, as the government cracks the whip on carriers that have raised spot fares excessively in recent months. Domestic air fares have shot up in the past two months, with last-day fares almost doubling, on supply constraints, higher holiday... 

IT firms on hiring mode, intakes to touch historic high

IT firms on hiring mode, intakes to touch historic high

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Bangalore: After a dormant 2009, the hiring spree is back with a bang as Indian IT firms are switching over to robust recruitment mode. Amid improving global economic conditions, Indian IT players will hire a huge number of people and it may touch a historic high by the end of this year. Coming after a torpid year of hiring... 

Mobile Wallets: NPCI enables mobile money transactions in India

Mobile Wallets: NPCI enables mobile money transactions in India

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Seven banks including HDFC,ICICI,AXIS and SBI have gone live with the new system India consumers will now be able to transfer money from their accounts to any other account in the country using their cellphones via the National Payment Corporation of India’s Inter-bank Mobile Payment Service (IMPS). Seven banks... 

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