World economy
US Senate approves debt deal, averts government default
02 Aug 2011
The plan relies only on spending cuts and does not include tax hikes for wealthy Americans.
China manufacturing activity dipped in July
01 Aug 2011
Foxconn to deploy over 1 million robots
01 Aug 2011
Obama strikes debt deal ahead of voting
01 Aug 2011
The tentative deal involves a $2.4 trillion reduction in government spending over the next 10 years and a $2.1 trillion hike in government's borrowing limit.
India-Japan free trade pact comes into effect
01 Aug 2011
The CEPA will bring immediate gains to export of textiles, seafood and spices from India while opening up market for other agricultural products and the service sector.
India to pay for Iranian crude through Turkish bank
29 Jul 2011
India and Iran may resolve a niggling dispute over arrears for crude shipments that have accumulated over a seven month-long period, by clearing payments through a Turkish bank.
Dianne Farrell to lead America inc's infrastructure push in India
29 Jul 2011
Farrell, who recently completed her term as director on the board of the US Exim, had tirelessly strived to promote India as a primary market for US goods and services.
Apple has more cash in hand than the US government
29 Jul 2011
Going by the figures released by the US Treasury department, technology bellwether Apple Inc has more cash in hand than the US government
Obama calls for `Plan B' as US debt talks deadlock
27 Jul 2011
Even if the government borrowing stays within limit, rising deficits could still result in downgrade of the US economy, which could push it further into a debt trap.
Greece to get €109-billion bailout
22 Jul 2011
Eurozone leaders agreed late yesterday that Greece should receive a new €109-billion bailout, and decided that banks should add another €37 billion. They took steps to ensure that euro debt crisis did not spread to Italy and Spain.
Climate change debate outside UNSC’s mandate: India
21 Jul 2011
India has said discussion on climate change in the United Nations Security Council, though welcome, was not part of the 15-member body’s mandate.
Clinton urges India to take leadership role in Asia
20 Jul 2011
Delivering a speech in Chennai, visiting US secretary of state Hillary Clinton said India needed to exercise political influence to match its fast-growing economic muscle
Full text of India-US joint statement
20 Jul 2011
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HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
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