Indian businesses plan fresh wave of investmentAugust 20th, 2009 NEW DELHI - Nearly 70 percent of Indian businesses believe that the country's economy would start recovering from the downturn by next year, with 50 percent of them planning fresh investment, according to an industry survey. The survey, conducted by global consultancy KPMG among 850 senior business managers from 22 countries, said Indian corporates were optimistic about an economic upturn and would start pumping money into their businesses again either this year or next year.
Indian kids now opting to study in UK, N. Zealand and US instead of AustraliaJuly 31st, 2009 NEW DELHI - Britain, New Zealand and North America and not Australia are the favoured destinations for higher education for Indian kids and their parents. A report in the Australian daily The Age has said that media reports about attacks on young Indians and allegations of racism in Australian suburbs have had a serious impact on an Indian education agent's potential to attract students to Australia.
Indian business in Gulf has declined 20 percent: FICCIJuly 5th, 2009 NEW DELHI - Indian companies with interest in the Gulf have witnessed their business in the region decline by 20 percent, an industry lobby said here Sunday. According to Federation of Indian Chambers of Commerce and Industry (FICCI), strict visa rules in many countries in the Middle East are obstructing easy flow of manpower for project execution.
Industrial recovery underway: Economic SurveyJuly 2nd, 2009 NEW DELHI - Indicating that an industrial recovery is underway, India's Economic Survey for 2008-09 said Thursday that the industry has weathered the most severe part of the shock. The survey, tabled by Finance Minister Pranab Mukherjee in parliament on Thursday, the first day of the budget session, said the rise in offtake of bank credit and upturn in the power generation capacity were positive pointers towards an economic recovery.
Global crisis hit Indian jobs, improvement in sight: Economic SurveyJuly 2nd, 2009 NEW DELHI - Though comprehensive job loss data is not available for the current financial year, the Economic Survey Thursday said the financial crisis hit the Indian job market in the last quarter of 2008 but improvement in the employment situation was in sight. Quoting a labour ministry survey, it said during October-December 2008, there was decrease in employment of about half a million workers".
Indian firms' investments in Europe may drop: FICCIJune 21st, 2009 NEW DELHI - Indian corporates, which invested 2.4 billion euros ($3.35 billion) in European Union (EU) last year, are unlikely to pump in as much money in 2009 as they think it may take upto one year for Europe to recover from the slowdown, says a survey. "Indian investments in the EU during the current year may not reach the 2008 mark of 2.4 billion euros," the survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) said.
Business outlook has improved for India Inc: CII surveyJune 8th, 2009 NEW DELHI - Despite signs of an improving economy, India Inc feels actual recovery will happen only after September, a survey by the Confederation of Indian Industry (CII) has found. According to the survey, conducted by the CII northern region, 96 percent of respondents believe a turnaround would happen only in the second half of 2009-10, thanks to the ongoing global slowdown
The survey found 72 percent of respondents expecting the economic growth to be in the range of 5-7 percent this fiscal.
Barcelona clinic for Indian coaches and kidsMay 1st, 2009 NEW DELHI - Spanish football giants Barcelona Friday started a three-day clinic for Indian coaches and children at the Ambedkar Stadium here. Around 30 coaches from North India participated on the first day and were taught the basics of coaching by Barcelona instructors -- Guillermo Oriol Gili, Joan Della Morte and Ivan Palanco Santiago.
I'm not an outsider in Uttar Pradesh: AzharuddinApril 21st, 2009 MORADABAD - Mohammad Azharuddin, former Indian cricket captain and Congress candidate from Moradabad parliamentary seat, Tuesday said he was confident that the people of the Uttar Pradesh region will shower him with love and not treat him as an 'outsider'. 'If any Indian goes out of his native place he is not an outsider.
Franchising industry bucking economic slowdown: FICCIApril 19th, 2009 NEW DELHI - While most sectors face a slump in demand owing to the global slowdown, the franchising industry is scaling up operations and recruiting professionals, an industry lobby survey has said. 'While other industries are constrained to lay off people, franchisors are having a busy time as they are recruiting new franchisees,' according to the survey by the Federation of Indian Chambers of Commerce and Industry (FICCI).
Eva Mendes reveals her Indian curry in the bedroom disaster!April 8th, 2009 NEW DELHI - Eva Mendes loves to have Indian curry but after a bad experience she no longer digs on it in the bedroom. The 2 Fast 2 Furious star confessed she often eats in bed while tuning in to her favorite show but a previous curry disaster had taught her it may not be good idea to take Indian food under the covers, reports the China Daily.
Seventy-one percent people feel IPL should have been held in India: SurveyMarch 24th, 2009 NEW DELHI - Amidst the hot debate on the Indian Premiere League (IPL) to be held outside India, an NDTV GfK-MODE survey revealed that 71 percent of the Indians would love to see IPL played in India only. The poll was conducted in 13 Indian cities with a sample size of 1402 Indians, to find people's opinion on the ongoing controversy regarding IPL.
Slum kids of 'Slumdog Millionaire' awarded scholarships for free educationMarch 14th, 2009 MUMBAI - Slum kid actors of Oscar winning film 'Slumdog Millionaire' Rubina Ali and Azharuddin Ismail, were awarded scholarships for free education. The initiative by a self-help group called 'We Love India' in association with D.Y.
Nearly 46 percent prefer marrying their love on V-DayFebruary 12th, 2009 CHENNAI - Perhaps Sri Rama Sena chief Pramod Mutalik's threat of marrying off lovers on Valentine's Day has become easier, as nearly 46 percent of people surveyed prefer getting married to their love on V-Day. As per a dip stick survey conducted by leading matrimony portal BharatMatrimony among 536 people in the age group of 19-28 in Delhi, Mumbai, Chennai, Hyderabad and Bangalore, nearly half were in favour of tying the nuptial knot on Feb 14.
Next fiscal will be painful for exports: FicciJanuary 3rd, 2009 NEW DELHI - Aggressive pricing by Chinese exporters, coupled with lack of credit flow and cancellation of orders, is crippling India's exports, which may go down further in the first half of 2009, said an industry lobby survey, released here Sunday. According to the report by the Federation of Indian Chambers of Commerce and Industry (Ficci), Indian exporters are facing 'meet the China price' challenge from across the market.