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India and Israel have agreed to kickstart talks on signing a financial pact next month to promote bilateral trade and lay the ground work for signing a free trade agreement (FTA).
India has leaped to become Israel's second largest export destination, only next to close ally the US.
an FTA with India would lead to jobs moving away from Israel to that country.
he reason for this year's sharp jump in exports to India was a 63 per cent leap in shipments by Israel's mining, minerals and quarrying sectors, which exported USD 228 million worth of products, mainly fertilisers.
Israeli exports to India in the first half of this year were worth USD 990 million, an increase of 102 per cent compared to last year
The economic doldrums in the United States , along with much of Europe and Japan , could benefit emerging nations like India.
With an economic growth rate of nearly 9%&a stock market that is more open to foreign investors than China's, India has become a destination of choice for foreign financial investors.
In the first 9 months of the year, foreigners invested 28.5 billion dollars in Indian stocks and bonds.
The Sensex index is up about 22%.
The rest of the world is starved for growth and India is still producing relatively high real rates of G.D.P. growth.
The interest rate set by the Reserve Bank of India stands at 6%, compared to near-zero rates in the US and Japan.
The government is set to divest 10% of its stake in IOC , while 5% in ONGC next year.
The government is diluting 10 per cent stake in Coal India through a public offer to raise Rs 15,400 crore, making it the biggest-ever IPO in India. The government currently owns 100 per cent stake in the company.
Disinvestment means an opportunity for creating wealth and benefit investors.
Disinvestment in many big companies, including Shipping Corporation of India (SCI), Power Grid, Hindustan Copper and Manganese Ore India are expected in the current fiscal.
Aiming to raise Rs 40,000 crore through disinvestment this fiscal, the Government has mopped up over Rs 1,000 crore by divesting its stake in Satluj Jal Vidyut Nigam and around Rs 1,000 crore in Engineers India.
The Obama administration has decided to launch an investigation into various Chinese practices that a major U.S. union says are robbing American workers of jobs in the burgeoning field of clean energy such as solar and wind power.
the whole area of green technology as vitally important to America's future economic prospects.
The United Steelworkers union filed a 5,800-page petition contending that the Chinese government was giving Chinese companies unfair advantages over U.S. firms through the use of government subsidies that are prohibited under global trade rules.
China's securities regulator said on Friday it had suspended the approval of mergers and acquisitions of listed property developers, making it more difficult for property developers to raise funds.
China's State Council, the cabinet, has already banned asset restructure deals at property developers with land hoarding and other irregular activities.
Chinese property prices rose for the first time in four months in September, an indication that the market is ready to pounce on any let-up by the government in its crackdown on real estate speculation.
Infosys' second quarter performance confirms the increased momentum in global IT spending.
the country’s second-largest IT exporter reported a 10% sequential jump in its dollardenominated revenue.
The phenomenal growth was on account of a sharp 14% increase in its consultancy and package implementation (CPI) revenue.
the company bagged nine deals worth more than $100 million each, which involve business transformation solutions.
The company now wants to recruit 40,000 employees for FY11.
Considering Infy’s latest EPS guidance for FY11, its stock trades at an estimated P/E of 25.5.