High tax refunds are the cause of India’s current cash crunch, so the Indian government will provide for its funding needs by issuing cash management bills until June, according to a senior finance ministry official on Friday. Cash management bills are a non-standard short term borrowing instrument that lasts less than 91 days that [...]
A team of experts from the Cardiff University was able to discover new strains of bacteria that are resistant to antibiotics right in the capital of India in New Delhi. Accordingly, the experts were also able to identify specific strains of those that cause dysentery and cholera. What is most surprising about the discovery is [...]
Gary Locke, US Commerce Secretary together with 24 US business leaders are travelling to India in the hope of securing trade. The main thrust of the trip is to sell India U.S fighter jets to replace their aging aircraft. The trip follows the ending of restrictions on exports to India concerning sensitive technology following India [...]
If you are probably wondering where you’ll be spending your next vacation, why not try to go to a continent that has some interesting cultural places for you to visit? Why not go to Asia? The countries of the continent offer several scenic spots for you to enjoy. One such country is India. India is [...]
Dr. Andrew Ordon , a Rancho Mirage plastic surgeon who appeared regularly on ”Dr Phil’’ and co- hosted a spin-off daytime TV show “The Doctors” was given the 334th star in Palm Springs, this week. A ceremony was held at the star’s location on 194 South Palm Canyon Drive. Dr. Ordon, who has offices in [...]
A new study is suggesting that, cases of mesothelioma, a rare form of cancer that implicates the use of asbestos as one risk factor, remain underreported. Specifically, the study says that at least 1 out of 5 incidences are not reported. The researchers used relevant data gathered from country-level asbestos use between 1920 and 1970 [...]
Though it is a close run, the Philippines now leads India for call center outsourcing employing 350,000 people in industry compared to 330,000 in India according to the Contact Center Associations of the Philippines. The Philippines has taken the lead thanks to its educated English speaking population. “It’s a bit of a coming-out party, because [...]
Indian based industries were upbeat about growth prospects in the first quarter of 2011. An index measuring business optimism saw a sharp increase. Inflation however could dampen this viewpoint, and remains critical to the success of the economy. Dun & Bradstreet, the research firm that carried out the survey said, “India Inc’s optimism continues to [...]
India’s Home Minister P Chidambaram stated that India’s lack of governance and ethics in business will undo the progress the economy has made over the last 20 years. Addressing a gathering of the Southern India Chamber of Commerce and Industry, he also heralded the country for surviving the economic global downturn. Chidambaram pointed to “yawning [...]
An executive working with Citibank India has duped bank’s customers worth more than $ 22 million, reports Hindustan Times. According to police, Shivraj Puri, a relationship manager working at Gurgaon Branch (a satellite town of Delhi) persuaded his customers to deposit their money, opened in the names of three of his relatives. Puri managed to [...]
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