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Dr. Manmohan Singh’s speech at the G20 meet
Mr. Chairman,
We are meeting at a time of exceptional difficulty for the world economy. The financial crisis, which a year ago seemed to be localized in one part of the financial system in the US, has exploded into a systemic crisis, spreading through the highly interconnected financial markets of industrialized countries, and has had its [...]
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RIM, Reliance launch Blackbery Curve smartphone in India
Reliance Communications Ltd. (RCOM) and Research In Motion (RIM) has announced the launch of the BlackBerry® Curve™ 8330 smartphone in India. Starting 8th July 2008, Reliance Communications customers across India can buy this new sleek and stylish high-speed smartphone that offers a powerful combination of communications and multimedia capabilities.
Offering a user-friendly design, the BlackBerry Curve [...]
Securing raw materials for the Steel Industry
Rising costs of raw materials such as Iron ore and coking coals are expected to adversely affect the earnings of the Global Steel makers this year. All the companies are setting their eyes on securing raw materials to implement their ambitious capacity expansion plans.
Arcelor Mittal is planning to boost its steel production by 18% to [...]
Rating Agency Fitch Lowers India to BBB-, Almost Junk Bond Rating
New Delhi — The sovereign debt of India is almost at junk bond levels. Fitch Ratings downgraded India’s local-currency debt outlook to negative from stable, while maintaining a BBB- grade, the lowest investment grade, one step above speculative — or junk — status. The move came close on the [...]
Read More >>US billionaire invests Rs 345 crores in SpiceJet
U.S. billionaire investor Wilbur Ross, who made his fortune taking over bankrupt steel, coal and textile companies, will invest 345 crore rupees ($80 million) in SpiceJet Ltd., his first investment in an Indian airline. WL Ross & Co. will make the investment and Ross will join SpiceJet’s board, according to a statement by India’s second- [...]
Read More >>Costs double for container terminal in Kolkata
Kolkota, West Bengal — The estimated costs of the new proposed container terminal in Kolkata has doubled in the last year.
The estimated construction cost of the proposed container terminal at Diamond Harbour dock on the river Hoogly, 40km downstream from Kolkata, has more than doubled from Rs. 500 crore to Rs 1233 crore. This will [...]
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