India signed a comprehensive economic cooperation agreement (CECA) with Malaysia, which will come into effect on 1st July 2011. The agreement with Malaysia gives its doctors, accountants, two-wheelers, cotton garments and basmati rice greater access to the Malaysian market. Moreover, India has committed to freer entry norms for Malaysian engineers,Continue Reading
BP-Reliance in $ 7.2 Billion Oil-Gas Alliance In one of the country’s biggest energy deals, Reliance Industries today announced sale of 30 per cent stake in its 23 blocks including the giant KG-D6 gas fields to UK’s BP Plc for USD 7.2 billion. Besides the stake transfer, Reliance and BPContinue Reading
Paris-based BNP Paribas has become the world’s biggest bank, with assets rising 34 per cent in last three years, reaching $3.23 trillion.Continue Reading
Ford Figo selected ‘Indian Car of the Year’ by a jury of auto journalists in India Ford Figo was selected as Indian Car of the Year (ICOTY) 2011 today, earning the country’s top automotive award in the fiercely competitive and rapidly growing Indian market. Now in its sixth year, theContinue Reading
The G-20 is made up of the finance ministers and central bank governors of 19 countries,Plus the European Union. * Argentina * Australia * Brazil * Canada * China * France * Germany * India * Indonesia * Italy * Japan * Mexico * Russia * Saudi Arabia * SouthContinue Reading
RBI Raised Interest Rates RBI raised interest rates for the sixth time this year, Home loans would turn more expensive as banks are forced to end `teaser rates’ and due to a cap on ratio of loan to value of homes, but that could slow the rate of price rises,Continue Reading
Cotton Textile Industry in India Most important industry in terms of employment and production of export goods. In Maharashtra (Mumbai, Sholapur, Pune, Kolhapur, Satara, Wardha, Hajipur), Gujarat (Ahmedabad, Vododara, Rajkot, Surat, Bhavnagar), Tamil Nadu (Coimbatore-Manchester of South India). Tamil Nadu has the largest number of cotton textile mills in India.Continue Reading
China’s overseas trade o Is expected to touch $400 bn by 2010. Currently it is at $158.2 bn in FY05.Continue Reading
ARBITRATION Referring dispute to disinterested party called arbitrator for decision, which will be binding. ANNUITY Payment of a fixed amount periodically for a limited time. It is an investment on which the owner receives not only interest on his money but also return of his capital. BALANCE OF TRADE TheContinue Reading
Recognised Stock Exchanges in India Name Address THE BOMBAY STOCK EXCHANGE Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001. The Ahmedabad Stock Exchange Association Ltd,. Manek Chowk, Ahmedabad – 380 001 BANGALORE STOCK EXCHANGE LTD,. ‘M’ Block, First Floor, Unity Building, J.C. Road, Bangalore – 560 002. BHUBANESHWAR STOCK EXCHANGEContinue Reading
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