CWG 2010 will result in economic impact of $4,940 million<br />Commonwealth Games 2010 is expected to result in an overall economic impact of $4,940 million on India's GDP during a period of four years ending 2012 and create an employment opportunity close to 24.7 Lakh. <br />According to a Games Organizing Committee document, this figure is almost three times the economic impact the 2006 Melbourne Games had on Australian GDP. <br />
Dell launches smartphone-tablet Streak in India<br />Dell announced the launch of its smartphone- tablet device 'Dell Streak' in India, in association with Qualcomm and Tata DOCOMO. <br />The Dell Streak is a five-inch Android-based tablet combining the features of a smartphone and a tablet and the company said its designed to provide people the best 'on-the- go' entertainment, social connection, and navigation experience.<br />The compact Dell Streak, priced at Rs 34,990, is powered by Qualcomm's Snapdragon 8250 mobile processor . The five-inch screen is ideal for experiencing games and applications, without squinting or compromising portability<br />
China to be second richest country by 2015:<br />China is expected to overtake Japan as the second wealthiest country in the world by 2015 on the back of rapid economic growth and strong domestic consumption<br />In its inaugural Global Wealth Report, Credit Suisse Research Institute predicts total wealth in China will more than double in five years, jumping 111 percent to 35 trillion US dollars. <br />"Ten years ago, China was the seventh largest country in global wealth. Since then, the country has accelerated past major European countries .<br />United States currently has the largest share of wealth in the world, amounting to 27 percent of 195 trillion dollars. Japan comes in at second place with 11 percent and is trailed by China with eight percent<br />
Improve US education system to compete with India, China, says Obama<br />Decrying the Republican plan to cut education funding by 20%, President BarackObama today highlighted the need for quality education in the US in order to compete with countries like India and China. <br />He said that authorities have launched 'a Race to the Top' scheme in the states to make sure that all students are graduating from high school are ready for college to meet the goal of graduating a higher proportion of students from college than any other country in the world by 2020<br />
New SKS chief barred from taking major decisions<br />The Andhra Pradesh High Court has barred the new chief executive of SKS Microfinance from taking any major decisions before the conclusion of a case related to the controversial sacking of his predecessor Suresh Gurumani<br />Gurumani, who was sacked little less than two months after SKS -- one of the country's largest microfinance firms -- made a stupendous stock market debut, listing at a market capitalisation exceeding Rs.8,000 crore. <br />A group of SKS shareholders approached the high court seeking remedial action. SKS is the country's largest microfinance company, which gives small loans to entrepreneurs, and raised Rs.1,653 crore through a recently concluded initial public offering (IPO). <br />
Norway for extended DTAA<br />India and Norway are all set to expand the scope of their double taxation avoidance agreement (DTAA) to facilitate greater information exchange on potential cases of tax evasion. After changes to the Indo-Swiss tax treaty this would be the second such treaty that would be reworked to ensure smooth flow of information on tax-related issues. <br />This amended tax treaty will allow the income tax authorities to access information on bank accounts of Indians easily, but only in specific cases. <br />The move is in line with decision taken at the G-20 , which took up issue of tax havens and tax evasion. <br />
WTO's Lamy says no signs of trade war<br />There is currently no evidence of preconditions for a trade war between the United States and China, the head of the World Trade Organisation said on Saturday, despite verbal sparring over the valuation of China's currency. <br />The United States and the European Union accuse China of keeping the renminbi artificially weak to promote exports, undermining jobs and economic growth in the West. <br />
Fiat launchesLinea T-Jet, T Jet Plus pricedatRs 8.55 - 8.99 lakh<br />Linea T-jet model has 13 new features and seven class leading equipments like more powerful engine, fuel efficiency and safety features. <br />The car manufacturer also said that both the versions of Linea, the T-Jet and the T-Jet Plus, will come with premium imported leather upholstery and soft touch dashboard with chrome accents. <br />Other features of the car include auto air conditioning, with rear knee and foot level AC vents and is powered by 114 PS power engine with an torque of 207 Nm. <br />
CWG: SaniaMirza loses singles final, settles for silver<br />Second seed SaniaMirza failed to increase India's gold haul as she went down fighting against Australia's Anastasia Rodionova in the women's singles final at the Commonwealth Games on Saturday.<br />Anastasia defeated Sania 6-3, 2-6, 7-6 (3) to win the singles gold. <br />
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