MONDAY
THE FEDERATION of Indian Chambers of Commerce and Industry and Ernst and Young will launch their latest report titled `Indian Infrastructure--Paving the way for India's growth'. Union minister of road transport and highways Kamal Nath will deliver the inaugural address.
AFGHANISTAN PRESIDENT Hamid Karzai will arrive in India for a two day visit with the aim of carrying forward the sequence of high level interaction between the two countries to strength en bilateral strategic relations.
JAMSHYD GODREJ, chairman and man aging director of Godrej and Boyce Manufacturing Co. Ltd, and Bala V. Balachandran, honorary dean of Great Lakes Institute of Management will launch the company's global executive MBA programme in energy management at ITC Grand Central, Mumbai.
THE GOVERNING council meeting for the Board of Control for Cricket in India (BCCI), is scheduled to take place at the Cricket Center, Churchgate, Mumbai.
THE CONFEDERATION of Indian Indus try and department of industrial policy and promotion to hold the annual intellectual property awards 2010 on World Intellectual Property Day in New Delhi. Commerce and industry minister Anand Sharma will be the chief guest.
A DAY long seminar on developing an ecosystem for UID, or unique ID, implementation, sponsored by the National Institute for Smart Government will be held in Delhi.
THE Supreme Court on 26 April will hear the issue of limestone mining by Lafarge Umiam Mining Pvt. Ltd in Meghalaya. The apex court on 5 February,
While hearing a petition by 21 local tribal and the Shella Action Committee, a nongovernmental organization, had stayed the mining operations.
TUESDAY
INDIAN INSTITUTE of Public Administration, in collaboration with the World Bank, will organize a three day regional (South Asia) workshop in Delhi on the theme--“Towards more open and trans parent governance in South Asia“. Right to Information leaders from across the region--Pakistan, Nepal, Sri Lanka, Bhutan, Maldives, Afghanistan and India--will participate in the workshop.
THE LEFT party to sponsor a nationwide bandh against inflation and the economic policies of the Congress led United Progressive Alliance government. The agitation will comprise 13 parties other than Congress and Bharatiya Janata Party. Leaders of these 13 parties have also said they will move a cut motion to seek roll back in the hike in prices of petrol, diesel and fertilizer on the same day.
VOTING ON the cut motion moved by Left parties is expected to take place on Tuesday, apart from voting on the demand for grants.
WEDNESDAY
A TWO-day summit of the South Asian Association for Regional Cooperation begins in Thimpu, Bhutan. Prime Minister Manmohan Singh will travel to Bhutan for a meeting of this eight nation bloc. The regional grouping comprises India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Maldives and Afghanistan.
THURSDAY
Fifteen political parties are expected to submit their responses to a show cause notice by the Election Commission of India for not furnishing their expense statements for the Lok Sabha election 2009. The parties--which include the main Opposition Bharatiya Janata Party, the Rashtriya Janata Dal, Janata Dal (Secular), All India Forward Bloc among others --were issued notices on Friday.
Saturday, April 24, 2010
Next Week...Today for You
MONDAY
THE FEDERATION of Indian Chambers of Commerce and Industry and Ernst and Young will launch their latest report titled `Indian Infrastructure--Paving the way for India's growth'. Union minister of road transport and highways Kamal Nath will deliver the inaugural address.
AFGHANISTAN PRESIDENT Hamid Karzai will arrive in India for a two day visit with the aim of carrying forward the sequence of high level interaction between the two countries to strength en bilateral strategic relations.
JAMSHYD GODREJ, chairman and man aging director of Godrej and Boyce Manufacturing Co. Ltd, and Bala V. Balachandran, honorary dean of Great Lakes Institute of Management will launch the company's global executive MBA programme in energy management at ITC Grand Central, Mumbai.
THE GOVERNING council meeting for the Board of Control for Cricket in India (BCCI), is scheduled to take place at the Cricket Center, Churchgate, Mumbai.
THE CONFEDERATION of Indian Indus try and department of industrial policy and promotion to hold the annual intellectual property awards 2010 on World Intellectual Property Day in New Delhi. Commerce and industry minister Anand Sharma will be the chief guest.
A DAY long seminar on developing an ecosystem for UID, or unique ID, implementation, sponsored by the National Institute for Smart Government will be held in Delhi.
THE Supreme Court on 26 April will hear the issue of limestone mining by Lafarge Umiam Mining Pvt. Ltd in Meghalaya. The apex court on 5 February,
While hearing a petition by 21 local tribal and the Shella Action Committee, a nongovernmental organization, had stayed the mining operations.
TUESDAY
INDIAN INSTITUTE of Public Administration, in collaboration with the World Bank, will organize a three day regional (South Asia) workshop in Delhi on the theme--“Towards more open and trans parent governance in South Asia“. Right to Information leaders from across the region--Pakistan, Nepal, Sri Lanka, Bhutan, Maldives, Afghanistan and India--will participate in the workshop.
THE LEFT party to sponsor a nationwide bandh against inflation and the economic policies of the Congress led United Progressive Alliance government. The agitation will comprise 13 parties other than Congress and Bharatiya Janata Party. Leaders of these 13 parties have also said they will move a cut motion to seek roll back in the hike in prices of petrol, diesel and fertilizer on the same day.
VOTING ON the cut motion moved by Left parties is expected to take place on Tuesday, apart from voting on the demand for grants.
WEDNESDAY
A TWO-day summit of the South Asian Association for Regional Cooperation begins in Thimpu, Bhutan. Prime Minister Manmohan Singh will travel to Bhutan for a meeting of this eight nation bloc. The regional grouping comprises India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Maldives and Afghanistan.
THURSDAY
Fifteen political parties are expected to submit their responses to a show cause notice by the Election Commission of India for not furnishing their expense statements for the Lok Sabha election 2009. The parties--which include the main Opposition Bharatiya Janata Party, the Rashtriya Janata Dal, Janata Dal (Secular), All India Forward Bloc among others --were issued notices on Friday.
THE FEDERATION of Indian Chambers of Commerce and Industry and Ernst and Young will launch their latest report titled `Indian Infrastructure--Paving the way for India's growth'. Union minister of road transport and highways Kamal Nath will deliver the inaugural address.
AFGHANISTAN PRESIDENT Hamid Karzai will arrive in India for a two day visit with the aim of carrying forward the sequence of high level interaction between the two countries to strength en bilateral strategic relations.
JAMSHYD GODREJ, chairman and man aging director of Godrej and Boyce Manufacturing Co. Ltd, and Bala V. Balachandran, honorary dean of Great Lakes Institute of Management will launch the company's global executive MBA programme in energy management at ITC Grand Central, Mumbai.
THE GOVERNING council meeting for the Board of Control for Cricket in India (BCCI), is scheduled to take place at the Cricket Center, Churchgate, Mumbai.
THE CONFEDERATION of Indian Indus try and department of industrial policy and promotion to hold the annual intellectual property awards 2010 on World Intellectual Property Day in New Delhi. Commerce and industry minister Anand Sharma will be the chief guest.
A DAY long seminar on developing an ecosystem for UID, or unique ID, implementation, sponsored by the National Institute for Smart Government will be held in Delhi.
THE Supreme Court on 26 April will hear the issue of limestone mining by Lafarge Umiam Mining Pvt. Ltd in Meghalaya. The apex court on 5 February,
While hearing a petition by 21 local tribal and the Shella Action Committee, a nongovernmental organization, had stayed the mining operations.
TUESDAY
INDIAN INSTITUTE of Public Administration, in collaboration with the World Bank, will organize a three day regional (South Asia) workshop in Delhi on the theme--“Towards more open and trans parent governance in South Asia“. Right to Information leaders from across the region--Pakistan, Nepal, Sri Lanka, Bhutan, Maldives, Afghanistan and India--will participate in the workshop.
THE LEFT party to sponsor a nationwide bandh against inflation and the economic policies of the Congress led United Progressive Alliance government. The agitation will comprise 13 parties other than Congress and Bharatiya Janata Party. Leaders of these 13 parties have also said they will move a cut motion to seek roll back in the hike in prices of petrol, diesel and fertilizer on the same day.
VOTING ON the cut motion moved by Left parties is expected to take place on Tuesday, apart from voting on the demand for grants.
WEDNESDAY
A TWO-day summit of the South Asian Association for Regional Cooperation begins in Thimpu, Bhutan. Prime Minister Manmohan Singh will travel to Bhutan for a meeting of this eight nation bloc. The regional grouping comprises India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Maldives and Afghanistan.
THURSDAY
Fifteen political parties are expected to submit their responses to a show cause notice by the Election Commission of India for not furnishing their expense statements for the Lok Sabha election 2009. The parties--which include the main Opposition Bharatiya Janata Party, the Rashtriya Janata Dal, Janata Dal (Secular), All India Forward Bloc among others --were issued notices on Friday.
RESULTS NEXT WEEK
26 April: Sterlite Industries (India) Ltd, Maruti Suzuki India Ltd.
27 April: Yes Bank Ltd.
28 April: Bharti Airtel Ltd, Bank of Baroda, Canara Bank.
29 April: Reliance Infrastructure Ltd, Siemens Ltd, United Breweries (Holdings) Ltd, Ashok Leyland.
30 April: ABB Ltd, Tech Mahindra Ltd.
27 April: Yes Bank Ltd.
28 April: Bharti Airtel Ltd, Bank of Baroda, Canara Bank.
29 April: Reliance Infrastructure Ltd, Siemens Ltd, United Breweries (Holdings) Ltd, Ashok Leyland.
30 April: ABB Ltd, Tech Mahindra Ltd.
Next Week...Today for You
MONDAY
THE FEDERATION of Indian Chambers of Commerce and Industry and Ernst and Young will launch their latest report titled `Indian Infrastructure--Paving the way for India's growth'. Union minister of road transport and highways Kamal Nath will deliver the inaugural address.
AFGHANISTAN PRESIDENT Hamid Karzai will arrive in India for a two day visit with the aim of carrying forward the sequence of high level interaction between the two countries to strength en bilateral strategic relations.
JAMSHYD GODREJ, chairman and man aging director of Godrej and Boyce Manufacturing Co. Ltd, and Bala V. Balachandran, honorary dean of Great Lakes Institute of Management will launch the company's global executive MBA programme in energy management at ITC Grand Central, Mumbai.
THE GOVERNING council meeting for the Board of Control for Cricket in India (BCCI), is scheduled to take place at the Cricket Center, Churchgate, Mumbai.
THE CONFEDERATION of Indian Indus try and department of industrial policy and promotion to hold the annual intellectual property awards 2010 on World Intellectual Property Day in New Delhi. Commerce and industry minister Anand Sharma will be the chief guest.
A DAY long seminar on developing an ecosystem for UID, or unique ID, implementation, sponsored by the National Institute for Smart Government will be held in Delhi.
THE Supreme Court on 26 April will hear the issue of limestone mining by Lafarge Umiam Mining Pvt. Ltd in Meghalaya. The apex court on 5 February,
While hearing a petition by 21 local tribal and the Shella Action Committee, a nongovernmental organization, had stayed the mining operations.
TUESDAY
INDIAN INSTITUTE of Public Administration,
in collaboration with the World Bank, will organize a three day regional (South Asia) workshop in Delhi on the theme--“Towards more open and trans parent governance in South Asia“.
Right to Information leaders from across the region--Pakistan, Nepal, Sri Lanka, Bhutan, Maldives,
Afghanistan and India--will participate in the workshop.
THE left party to sponsor a nationwide bandh against inflation and the economic policies of the Congress led United Progressive Alliance government.
The agitation will comprise 13 parties other than Congress and Bharatiya Janata Party.
Leaders of these 13 parties have also said they will move a cut motion to seek roll back in the hike in prices of petrol,
diesel and fertilizer on the same day.
VOTING ON the cut motion moved by Left parties is expected to take place on Tuesday,
apart from voting on the demand for grants.
WEDNESDAY
A TWOday summit of the South Asian Association for Regional Cooperation begins in Thimpu,
Bhutan. Prime Minister Manmohan Singh will travel to Bhutan for a meeting of this eight nation bloc. The regional grouping comprises India, Pakistan, Bangladesh, Bhutan, Nepal,
Sri Lanka, Maldives and Afghanistan.
THURSDAY
Fifteen political parties are expected to submit their responses to a show cause notice by the Election Commission of India for not furnishing their expense statements for the Lok Sabha election 2009.
The parties--which include the main Opposition Bharatiya Janata Party,
the Rashtriya Janata Dal, Janata Dal (Secular),
All India Forward Bloc among others --were issued notices on Friday.
THE FEDERATION of Indian Chambers of Commerce and Industry and Ernst and Young will launch their latest report titled `Indian Infrastructure--Paving the way for India's growth'. Union minister of road transport and highways Kamal Nath will deliver the inaugural address.
AFGHANISTAN PRESIDENT Hamid Karzai will arrive in India for a two day visit with the aim of carrying forward the sequence of high level interaction between the two countries to strength en bilateral strategic relations.
JAMSHYD GODREJ, chairman and man aging director of Godrej and Boyce Manufacturing Co. Ltd, and Bala V. Balachandran, honorary dean of Great Lakes Institute of Management will launch the company's global executive MBA programme in energy management at ITC Grand Central, Mumbai.
THE GOVERNING council meeting for the Board of Control for Cricket in India (BCCI), is scheduled to take place at the Cricket Center, Churchgate, Mumbai.
THE CONFEDERATION of Indian Indus try and department of industrial policy and promotion to hold the annual intellectual property awards 2010 on World Intellectual Property Day in New Delhi. Commerce and industry minister Anand Sharma will be the chief guest.
A DAY long seminar on developing an ecosystem for UID, or unique ID, implementation, sponsored by the National Institute for Smart Government will be held in Delhi.
THE Supreme Court on 26 April will hear the issue of limestone mining by Lafarge Umiam Mining Pvt. Ltd in Meghalaya. The apex court on 5 February,
While hearing a petition by 21 local tribal and the Shella Action Committee, a nongovernmental organization, had stayed the mining operations.
TUESDAY
INDIAN INSTITUTE of Public Administration,
in collaboration with the World Bank, will organize a three day regional (South Asia) workshop in Delhi on the theme--“Towards more open and trans parent governance in South Asia“.
Right to Information leaders from across the region--Pakistan, Nepal, Sri Lanka, Bhutan, Maldives,
Afghanistan and India--will participate in the workshop.
THE left party to sponsor a nationwide bandh against inflation and the economic policies of the Congress led United Progressive Alliance government.
The agitation will comprise 13 parties other than Congress and Bharatiya Janata Party.
Leaders of these 13 parties have also said they will move a cut motion to seek roll back in the hike in prices of petrol,
diesel and fertilizer on the same day.
VOTING ON the cut motion moved by Left parties is expected to take place on Tuesday,
apart from voting on the demand for grants.
WEDNESDAY
A TWOday summit of the South Asian Association for Regional Cooperation begins in Thimpu,
Bhutan. Prime Minister Manmohan Singh will travel to Bhutan for a meeting of this eight nation bloc. The regional grouping comprises India, Pakistan, Bangladesh, Bhutan, Nepal,
Sri Lanka, Maldives and Afghanistan.
THURSDAY
Fifteen political parties are expected to submit their responses to a show cause notice by the Election Commission of India for not furnishing their expense statements for the Lok Sabha election 2009.
The parties--which include the main Opposition Bharatiya Janata Party,
the Rashtriya Janata Dal, Janata Dal (Secular),
All India Forward Bloc among others --were issued notices on Friday.
Next Week...Today for You
MONDAY
THE FEDERATION of Indian Chambers of Commerce and Industry and Ernst and Young will launch their latest report titled `Indian Infrastructure--Paving the way for India's growth'. Union minister of road transport and highways Kamal Nath will deliver the inaugural address.
AFGHANISTAN PRESIDENT Hamid Kar zai will arrive in India for a two day visit with the aim of carrying forward the sequence of high level interaction between the two countries to strength en bilateral strategic relations.
JAMSHYD GODREJ, chairman and man aging director of Godrej and Boyce Manufacturing Co. Ltd, and Bala V. Balachandran, honorary dean of Great Lakes Institute of Management will launch the company's global executive MBA programme in energy management at ITC Grand Central, Mumbai.
THE GOVERNING council meeting for the Board of Control for Cricket in India (BCCI), is scheduled to take place at the Cricket Center, Churchgate, Mumbai.
THE CONFEDERATION of Indian Indus try and department of industrial policy and promotion to hold the annual intellectual property awards 2010 on World Intellectual Property Day in New Delhi. Commerce and industry minister Anand Sharma will be the chief guest.
A DAY long seminar on developing an ecosystem for UID, or unique ID, implementation, sponsored by the National Institute for Smart Government will be held in Delhi.
THE SUPREME Court on 26 April will hear the issue of limestone mining by Lafarge Umiam Mining Pvt. Ltd in Meghalaya. The apex court on 5 February, while hearing a petition by 21 local tribal and the Shella Action Committee, a nongovernmental organization, had stayed the mining operations.
TUESDAY
INDIAN INSTITUTE of Public Administration, in collaboration with the World Bank, will organize a threeday regional (South Asia) workshop in Delhi on the theme--“Towards more open and trans parent governance in South Asia“. Right to Information leaders from across the region--Pakistan, Nepal, Sri Lanka, Bhu tan, Maldives, Afghanistan and India--will participate in the workshop.
THE LEFT party to sponsor a nationwide bandh against inflation and the economic policies of the Congressled United Progressive Alliance government. The agitation will comprise 13 parties other than Congress and Bharatiya Janata Party. Leaders of these 13 parties have also said they will move a cut motion to seek roll back in the hike in prices of petrol, diesel and fertilizer on the same day.
VOTING ON the cut motion moved by Left parties is expected to take place on Tuesday, apart from voting on the demand for grants.
WEDNESDAY
A TWOday summit of the South Asian Association for Regional Cooperation begins in Thimpu, Bhutan. Prime Minister Manmohan Singh will travel to Bhutan for a meeting of this eight nation bloc. The regional grouping comprises India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Maldives and Afghan istan.
THURSDAY
Fifteen political parties are expected to submit their responses to a show cause notice by the Election Commission of India for not furnishing their expense statements for the Lok Sabha election 2009. The parties--which include the main Opposition Bharatiya Janata Party, the Rashtriya Janata Dal, Janata Dal (Secular), All India Forward Bloc among others --were issued notices on Friday.
THE FEDERATION of Indian Chambers of Commerce and Industry and Ernst and Young will launch their latest report titled `Indian Infrastructure--Paving the way for India's growth'. Union minister of road transport and highways Kamal Nath will deliver the inaugural address.
AFGHANISTAN PRESIDENT Hamid Kar zai will arrive in India for a two day visit with the aim of carrying forward the sequence of high level interaction between the two countries to strength en bilateral strategic relations.
JAMSHYD GODREJ, chairman and man aging director of Godrej and Boyce Manufacturing Co. Ltd, and Bala V. Balachandran, honorary dean of Great Lakes Institute of Management will launch the company's global executive MBA programme in energy management at ITC Grand Central, Mumbai.
THE GOVERNING council meeting for the Board of Control for Cricket in India (BCCI), is scheduled to take place at the Cricket Center, Churchgate, Mumbai.
THE CONFEDERATION of Indian Indus try and department of industrial policy and promotion to hold the annual intellectual property awards 2010 on World Intellectual Property Day in New Delhi. Commerce and industry minister Anand Sharma will be the chief guest.
A DAY long seminar on developing an ecosystem for UID, or unique ID, implementation, sponsored by the National Institute for Smart Government will be held in Delhi.
THE SUPREME Court on 26 April will hear the issue of limestone mining by Lafarge Umiam Mining Pvt. Ltd in Meghalaya. The apex court on 5 February, while hearing a petition by 21 local tribal and the Shella Action Committee, a nongovernmental organization, had stayed the mining operations.
TUESDAY
INDIAN INSTITUTE of Public Administration, in collaboration with the World Bank, will organize a threeday regional (South Asia) workshop in Delhi on the theme--“Towards more open and trans parent governance in South Asia“. Right to Information leaders from across the region--Pakistan, Nepal, Sri Lanka, Bhu tan, Maldives, Afghanistan and India--will participate in the workshop.
THE LEFT party to sponsor a nationwide bandh against inflation and the economic policies of the Congressled United Progressive Alliance government. The agitation will comprise 13 parties other than Congress and Bharatiya Janata Party. Leaders of these 13 parties have also said they will move a cut motion to seek roll back in the hike in prices of petrol, diesel and fertilizer on the same day.
VOTING ON the cut motion moved by Left parties is expected to take place on Tuesday, apart from voting on the demand for grants.
WEDNESDAY
A TWOday summit of the South Asian Association for Regional Cooperation begins in Thimpu, Bhutan. Prime Minister Manmohan Singh will travel to Bhutan for a meeting of this eight nation bloc. The regional grouping comprises India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Maldives and Afghan istan.
THURSDAY
Fifteen political parties are expected to submit their responses to a show cause notice by the Election Commission of India for not furnishing their expense statements for the Lok Sabha election 2009. The parties--which include the main Opposition Bharatiya Janata Party, the Rashtriya Janata Dal, Janata Dal (Secular), All India Forward Bloc among others --were issued notices on Friday.
Saturday, April 17, 2010
Most Important Business News Coming This Week
MONDAY
THE RESERVE Bank of India (RBI) will release its macroeconomic review.
TUESDAY
THE INDIA meteorological department will officially forecast monsoon for 2010.
This year's forecast assumes extra significance, in light of last year's drought--the worst in nearly four decades--which contributed to a lower gross domestic product and decreased rural spending.
US DEPUTY secretary of state James Steinberg arrives in India for a three day visit, during which he is also expected to travel to Bangladesh. Steinberg, who is on his first visit to the two countries after becoming the deputy secretary, is expected to meet officials and political leaders in New Delhi, Kolkata and Dhaka and discuss a range of bilateral and multilateral issues.
THE SECURITIES and Exchange Board of India chairman C.B. Bhave will inaugurate the 7th Ficci (Federation of Indian Chambers of Commerce and Industry) Capital Market Summit, themed “Capital Markets 2020: Going for 3X“ in Mumbai.
WEDNESDAY
NASSCOM FOUNDATION in collaboration with Wayne Visser, founder and CEO of CSR International, is hosting a value enhancing workshop on corporate social responsibility (CSR), marketing and communications at Hotel Conclave Boutique, near Lady Shri Ram College for Women, New Delhi. The workshop is part of a 30country “CSR Quest“ World Tour by Visser to help share best practices in corporate sustainability and responsibility.
THE INDIAN Council for Research on International Economic Relations is organizing a World Trade Organization (WTO) seminar in New Delhi. A draft report on “Addressing new service sec tors in WTO/FTA (free trade agreement): Express delivery and India“will be presented on the occasion.
FRIDAY
THE CENTRE for Development Finance, Institute for Financial Management and Research and CSO Partners will organize a seminar on “New Directions in CSR“ headed by Wayne Visor, founder and chief executive officer of CSR International, at IFMR Campus, Nungam bakkam, Chennai.
Visser will discuss how the current dynamics of CSR have failed globally.
THE RESERVE Bank of India (RBI) will release its macroeconomic review.
TUESDAY
THE INDIA meteorological department will officially forecast monsoon for 2010.
This year's forecast assumes extra significance, in light of last year's drought--the worst in nearly four decades--which contributed to a lower gross domestic product and decreased rural spending.
US DEPUTY secretary of state James Steinberg arrives in India for a three day visit, during which he is also expected to travel to Bangladesh. Steinberg, who is on his first visit to the two countries after becoming the deputy secretary, is expected to meet officials and political leaders in New Delhi, Kolkata and Dhaka and discuss a range of bilateral and multilateral issues.
THE SECURITIES and Exchange Board of India chairman C.B. Bhave will inaugurate the 7th Ficci (Federation of Indian Chambers of Commerce and Industry) Capital Market Summit, themed “Capital Markets 2020: Going for 3X“ in Mumbai.
WEDNESDAY
NASSCOM FOUNDATION in collaboration with Wayne Visser, founder and CEO of CSR International, is hosting a value enhancing workshop on corporate social responsibility (CSR), marketing and communications at Hotel Conclave Boutique, near Lady Shri Ram College for Women, New Delhi. The workshop is part of a 30country “CSR Quest“ World Tour by Visser to help share best practices in corporate sustainability and responsibility.
THE INDIAN Council for Research on International Economic Relations is organizing a World Trade Organization (WTO) seminar in New Delhi. A draft report on “Addressing new service sec tors in WTO/FTA (free trade agreement): Express delivery and India“will be presented on the occasion.
FRIDAY
THE CENTRE for Development Finance, Institute for Financial Management and Research and CSO Partners will organize a seminar on “New Directions in CSR“ headed by Wayne Visor, founder and chief executive officer of CSR International, at IFMR Campus, Nungam bakkam, Chennai.
Visser will discuss how the current dynamics of CSR have failed globally.
Wednesday, April 14, 2010
Economy set to accelerate to 8.2%: ADB
India's economic growth is set to accelerate in 2010-11 to an estimated 8.2%, although inflationary pressures pose a challenge to policymakers as the nation emerges from the slowdown caused by the global financial crisis, the Asian Development Bank (ADB) said.
The government expects the economy to grow 8.5% in 2010-11 and 9% by 2011-12.
The economy is estimated to have grown 7.2% in the year ended 31 March after expand- ing 6.7% in the previous year.
Manila-based ADB said its forecasts for the two years are based on six key assumptions: monetary and fiscal stimuli will be withdrawn gradually;
Although inflationary pressures are expected to ease in early FY11 after the winter harvest, any increase in domestic fuel prices in line with the recommendations of the Kirit Parikh panel may fuel inflation.
ADB has forecast headline inflation at 5% in FY11 and 5.5% in FY12 as international prices of oil and non-oil commodities edge up.
Inflation based on wholesale prices rose to a 16-month high of 9.89% in February, exceed- ing the 8.5% estimate of the Reserve Bank of India (RBI) for March-end.
With an expected turn- around in global demand, India's exports are projected to gain 16% in FY11 and 12% in FY12. This would bring exports in FY11 to near FY09 levels and in FY12 to just over the $200 billion target set in the government's foreign trade policy, ADB said.
Imports are projected to grow 20% in FY11 and 18% in FY12 as gross domestic product (GDP) growth accelerates and global oil prices harden.
The widening trade deficit is expected to be partly offset by an increase in transfers from non-resident Indians. Overall, the current account deficit is expected to widen marginally to 2% of GDP by FY12.
ADB maintained that while a shift in monetary policy is un- likely to affect food prices, timely policy adjustments in the months ahead can help underpin a return to India's past high growth rates while maintaining relative price stability.
The government expects the economy to grow 8.5% in 2010-11 and 9% by 2011-12.
The economy is estimated to have grown 7.2% in the year ended 31 March after expand- ing 6.7% in the previous year.
Manila-based ADB said its forecasts for the two years are based on six key assumptions: monetary and fiscal stimuli will be withdrawn gradually;
Although inflationary pressures are expected to ease in early FY11 after the winter harvest, any increase in domestic fuel prices in line with the recommendations of the Kirit Parikh panel may fuel inflation.
ADB has forecast headline inflation at 5% in FY11 and 5.5% in FY12 as international prices of oil and non-oil commodities edge up.
Inflation based on wholesale prices rose to a 16-month high of 9.89% in February, exceed- ing the 8.5% estimate of the Reserve Bank of India (RBI) for March-end.
With an expected turn- around in global demand, India's exports are projected to gain 16% in FY11 and 12% in FY12. This would bring exports in FY11 to near FY09 levels and in FY12 to just over the $200 billion target set in the government's foreign trade policy, ADB said.
Imports are projected to grow 20% in FY11 and 18% in FY12 as gross domestic product (GDP) growth accelerates and global oil prices harden.
The widening trade deficit is expected to be partly offset by an increase in transfers from non-resident Indians. Overall, the current account deficit is expected to widen marginally to 2% of GDP by FY12.
ADB maintained that while a shift in monetary policy is un- likely to affect food prices, timely policy adjustments in the months ahead can help underpin a return to India's past high growth rates while maintaining relative price stability.
Saturday, April 10, 2010
The Farm Ville Jadoo
Facebook’s Popularity as a gaming platform caught the big studios completely unawares
Something strange happened to video games in 2009. A low-budget Facebook title involving the care and upkeep of farm animals became one of the industry's hot- test properties. Now, gaming's big studios have finally taken notice.
There are more players in Zynga Game Network Inc.'s Farm Ville (82.4 million, or 1% of the world's population) than there are Twitter accounts. The collective bafflement of game companies the world over was best illustrated at one of the industry's major annual conventions in March, the DICE summit in Las Vegas, where Facebook was called “strange, big and terrifying“. “Face- book kind of knocked us all on our collective backsides, don't you think?“ said academic and game designer Jesse Schell in a keynote lecture.
Farm Ville was launched in June, and it's taken names such as Sony Online Entertainment (SOE) and publishing giant Electronic Arts nearly a year to brave the wilds that is the Facebook game market. In March, SOE launched Pox Nora, a combination of a turn- based strategy and collectable card game set in a fantasy world of creatures, relics and spells. The object is to accumulate Nora or magical energy which helps collect decks of cards called “runes“. The runes allow you to battle creatures your friends control.
Digital Chocolate, a popular mobile phone game maker, considers social net- working games integral to the “Facebook experience“. After their Facebook debut with Tower Bloxx in 2008, they've increased their presence with a number of new launches.
Safari Kingdom, brings with it 20 wild animal species, 100 different characters and around 80 types of decorations to personalize it. All animals, (genus and species notwithstanding) begin their existence as eggs. Players can also visit their friends' kingdoms and help take care of their pets while they're away. The developer hopes the game will give players a positive vibe about protecting the environment.
Facebook games make money through “micro-transactions“, or sales of virtual goods. While all the games are free to play, certain “premium“ items require real-world money. Players spend real money to buy virtual credit in a game's currency. A mystifying side effect of the popularity of this model has been the rise of a virtual finance industry--advertisements in Facebook now offer “virtual credit cards“ that generate in-game money the more you play a certain game.
Indian game companies are not far behind the Facebook trend. Zapak Digital Entertainment currently has two games on Facebook.
Mahindra Great Escape, started in February, and Crazy Idiots Test (C.I.T.), started in December. Mahindra Great Escape allows players a 4x4 experience of a sports utility vehicle (SUV).
So should dormant gamers become part of the craze? Barnhart feels social gaming is here to stay. “Facebook makes it that much easier to play games with people you already know,“ he says. “They also extend your Face- book network as you find new friends who share the same interests as you.“
Now also ibibo is promoting the same around the world
Something strange happened to video games in 2009. A low-budget Facebook title involving the care and upkeep of farm animals became one of the industry's hot- test properties. Now, gaming's big studios have finally taken notice.
There are more players in Zynga Game Network Inc.'s Farm Ville (82.4 million, or 1% of the world's population) than there are Twitter accounts. The collective bafflement of game companies the world over was best illustrated at one of the industry's major annual conventions in March, the DICE summit in Las Vegas, where Facebook was called “strange, big and terrifying“. “Face- book kind of knocked us all on our collective backsides, don't you think?“ said academic and game designer Jesse Schell in a keynote lecture.
Farm Ville was launched in June, and it's taken names such as Sony Online Entertainment (SOE) and publishing giant Electronic Arts nearly a year to brave the wilds that is the Facebook game market. In March, SOE launched Pox Nora, a combination of a turn- based strategy and collectable card game set in a fantasy world of creatures, relics and spells. The object is to accumulate Nora or magical energy which helps collect decks of cards called “runes“. The runes allow you to battle creatures your friends control.
Digital Chocolate, a popular mobile phone game maker, considers social net- working games integral to the “Facebook experience“. After their Facebook debut with Tower Bloxx in 2008, they've increased their presence with a number of new launches.
Safari Kingdom, brings with it 20 wild animal species, 100 different characters and around 80 types of decorations to personalize it. All animals, (genus and species notwithstanding) begin their existence as eggs. Players can also visit their friends' kingdoms and help take care of their pets while they're away. The developer hopes the game will give players a positive vibe about protecting the environment.
Facebook games make money through “micro-transactions“, or sales of virtual goods. While all the games are free to play, certain “premium“ items require real-world money. Players spend real money to buy virtual credit in a game's currency. A mystifying side effect of the popularity of this model has been the rise of a virtual finance industry--advertisements in Facebook now offer “virtual credit cards“ that generate in-game money the more you play a certain game.
Indian game companies are not far behind the Facebook trend. Zapak Digital Entertainment currently has two games on Facebook.
Mahindra Great Escape, started in February, and Crazy Idiots Test (C.I.T.), started in December. Mahindra Great Escape allows players a 4x4 experience of a sports utility vehicle (SUV).
So should dormant gamers become part of the craze? Barnhart feels social gaming is here to stay. “Facebook makes it that much easier to play games with people you already know,“ he says. “They also extend your Face- book network as you find new friends who share the same interests as you.“
Now also ibibo is promoting the same around the world
Nifty direct
MONDAY PRIME MINISTER Manmohan Singh is scheduled to attend the Nuclear Security Summit in Washington D.C., in which 47 countries including Pakistan are partici pating. Singh is expected to meet US President Barack Obama for bilateral talks during his twoday visit.
THE CENTRAL Statistical Commission will release the index of industrial pro duction (IIP) for February. IIP for Janu ary stood at 16.7%, second highest since 1994.
THE SECOND National Rural Develop ment Summit: Forging Partner ships--Converging Strengths begins in New Delhi. The twoday summit will focus on opportunities for participation in matters concerning livelihood cre ation, skills, financial inclusion, rural con nectivity, etc. Key speakers include B.K.
Sinha, secretary, department rural devel opment and Arun Maira, member plan ning commission.
TUESDAY THE FOURTH International Learning Exchange Programme begins in New Delhi. The tenday programme is a col laborative effort between the UNICEF and the department of drinking water supply to provide a platform to profes sionals from other developing countries for knowledgesharing from recent suc cesses in, and challenges to, India's water and sanitation sector.
WEDNESDAY THE INFLATION number for March will be released by the Central Statistical Organisation. The number is widely regarded as a critical input for the cen tral bank's quarterly monetary policy announcement in the subsequent week.
MAYAWATI'S BAHUJAN Samaj Party will stage demonstrations against the Women's Reservation Bill across the nation. The Uttar Pradesh Chief Minister had boycotted the passage of the Bill in Parliament. 14 April also marks the birth anniversary of B.R Ambedkar. THURSDAY THE BUDGET session of Parliament resumes after an almost monthlong recess. The session, which began on 22 February, saw the passage of the controversial Women's Reservation Bill in the Rajya Sabha. The Lok Sabha is now expected to decide on the fate of the Bill.
PRIME MINISTER Manmohan Singh will attend a conference of BRIC (Brazil, Rus sia, India and China) nations in Brasilia.
Russian President Dmitry Medvedev, Brazilian President Lula daSilva and Chinese President Hu Jintao will also be present at the two day conference. The meeting of BRIC leaders will focus on improving the current global economic situation and strengthening joint cooperation.
THE FIRST fully Indian made GSLV satellite launcher, codenamed GSLVD3, with the critical indigenous cryogenic upper stage, stands ready at its launch pad and will be flown on 15 April from the Sriharikota space centre. The three stage rocket will put in orbit the 2.2tonne advanced communication and navigation satellite, GSAT4.
Kiminobu Tokuyama, managing director and chief executive officer of Nissan Motor India Pvt. Ltd, will hand over the keys to a Nissan GTR supercar to Indian Formula One racer Narain Karthikeyan at the Madras Motor Sports Club race track at Irrungattukottai, near Chennai.
RESULTS NEXT WEEK The week marks the beginning of the earnings season, or when firms will start declaring their financial results for the quarter ended 31 March 2009.
Some of the companies that will declare earnings: 12 April: Gati Ltd 13 April: Infosys Technologies Ltd and Essar Oil Ltd 16 April: IndusInd Bank Ltd
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THE CENTRAL Statistical Commission will release the index of industrial pro duction (IIP) for February. IIP for Janu ary stood at 16.7%, second highest since 1994.
THE SECOND National Rural Develop ment Summit: Forging Partner ships--Converging Strengths begins in New Delhi. The twoday summit will focus on opportunities for participation in matters concerning livelihood cre ation, skills, financial inclusion, rural con nectivity, etc. Key speakers include B.K.
Sinha, secretary, department rural devel opment and Arun Maira, member plan ning commission.
TUESDAY THE FOURTH International Learning Exchange Programme begins in New Delhi. The tenday programme is a col laborative effort between the UNICEF and the department of drinking water supply to provide a platform to profes sionals from other developing countries for knowledgesharing from recent suc cesses in, and challenges to, India's water and sanitation sector.
WEDNESDAY THE INFLATION number for March will be released by the Central Statistical Organisation. The number is widely regarded as a critical input for the cen tral bank's quarterly monetary policy announcement in the subsequent week.
MAYAWATI'S BAHUJAN Samaj Party will stage demonstrations against the Women's Reservation Bill across the nation. The Uttar Pradesh Chief Minister had boycotted the passage of the Bill in Parliament. 14 April also marks the birth anniversary of B.R Ambedkar. THURSDAY THE BUDGET session of Parliament resumes after an almost monthlong recess. The session, which began on 22 February, saw the passage of the controversial Women's Reservation Bill in the Rajya Sabha. The Lok Sabha is now expected to decide on the fate of the Bill.
PRIME MINISTER Manmohan Singh will attend a conference of BRIC (Brazil, Rus sia, India and China) nations in Brasilia.
Russian President Dmitry Medvedev, Brazilian President Lula daSilva and Chinese President Hu Jintao will also be present at the two day conference. The meeting of BRIC leaders will focus on improving the current global economic situation and strengthening joint cooperation.
THE FIRST fully Indian made GSLV satellite launcher, codenamed GSLVD3, with the critical indigenous cryogenic upper stage, stands ready at its launch pad and will be flown on 15 April from the Sriharikota space centre. The three stage rocket will put in orbit the 2.2tonne advanced communication and navigation satellite, GSAT4.
Kiminobu Tokuyama, managing director and chief executive officer of Nissan Motor India Pvt. Ltd, will hand over the keys to a Nissan GTR supercar to Indian Formula One racer Narain Karthikeyan at the Madras Motor Sports Club race track at Irrungattukottai, near Chennai.
RESULTS NEXT WEEK The week marks the beginning of the earnings season, or when firms will start declaring their financial results for the quarter ended 31 March 2009.
Some of the companies that will declare earnings: 12 April: Gati Ltd 13 April: Infosys Technologies Ltd and Essar Oil Ltd 16 April: IndusInd Bank Ltd
Please rate us,It gives us great motivation.
Follow us for Multibagger Stock Tip.
Thursday, April 8, 2010
Indian auto plants in world Top 10
Plants of Maruti Suzuki and Hyundai figure at third and seventh slots; China at eight and 10; no US factory on the list
TOP GEAR
THE NEWS
Car plants of Maruti Suzuki and Hyundai in India have figured among the world’s Top 10.While only two plants In China figure on the list, there are none from the US.
THE BACKGROUND
While global car sales in 2009 fell 2.4%, sales gained by 12.5% in India.
THE IMPLICATIONS
More factories in the country could make it to the list. Several global auto firms have invested or are investing in building car factories in India.
TOP GEAR
THE NEWS
Car plants of Maruti Suzuki and Hyundai in India have figured among the world’s Top 10.While only two plants In China figure on the list, there are none from the US.
THE BACKGROUND
While global car sales in 2009 fell 2.4%, sales gained by 12.5% in India.
THE IMPLICATIONS
More factories in the country could make it to the list. Several global auto firms have invested or are investing in building car factories in India.
Wednesday, April 7, 2010
Financial fraud hit 87% of Indian companies in past two years
With white-collar crime almost doubling from last year, financial fraud by insiders remains the single greatest fear of Indian companies, ac- cording to the results of a survey by audit and consulting firm KPMG. The results were released on Tuesday.
Of the 1,000 companies covered in the survey, 87% said they had incurred losses of at least Rs10 lakh due to fraud in 2009.
The previous survey, carried out in 2008, had only 47% complaining on this count. At least 75% of Indian firms said in- stances of fraud had increased over the past two years.
A lack of objective and independent internal audits, inadequate oversight of senior management's activities by the audit committee, and weak regulatory environment were pinpointed as culprits for the spike in financial statement frauds.
The 10th biennial India Fraud Survey Report 2010 reveals that 81% of the companies surveyed feel that financial statement fraud is the biggest threat in India, with at least 60% of them saying inadequate enforcement of regulations has increased such fraud.
The findings of the report suggest that weak internal control systems, eroding ethical values and lack of legal action against fraudsters create an environment conducive to such crimes.
Indian companies, according to the study, remain highly vulnerable to fraud in the absence of “inadequate internal control framework“ that can identify and deal with such crimes. The report suggests that 41% of Indian firms do not have fraud risk management systems.
45% of the firms have experienced fraudulent activities in the past two years, with financial services and consumer markets showing the highest levels of risk.
Satyam Computer Services Ltd, in which founder and chairman B. Ramalinga Raju admitted to showing non- existent income over the years of Rs7,136 crore, the trend in fraud detection has changed.
“Companies are more open to discuss and take action against fraudsters.
According to the World Bank, bribes paid annually amount to more than $1 trillion (Rs44.5 trillion) globally.
India scores poorly on corruption and bribe payments in the list of organizations such as Transparency International, which ranks countries based on corruption and propensity to demand bribes.
India's corruption perception index score in 2009 was 3.4 on a scale of 0-10, with 10 being the least corrupt. In 2008, it was one of the bottom four on the global bribe payers index, with a score of 6.8.
Of the 1,000 companies covered in the survey, 87% said they had incurred losses of at least Rs10 lakh due to fraud in 2009.
The previous survey, carried out in 2008, had only 47% complaining on this count. At least 75% of Indian firms said in- stances of fraud had increased over the past two years.
A lack of objective and independent internal audits, inadequate oversight of senior management's activities by the audit committee, and weak regulatory environment were pinpointed as culprits for the spike in financial statement frauds.
The 10th biennial India Fraud Survey Report 2010 reveals that 81% of the companies surveyed feel that financial statement fraud is the biggest threat in India, with at least 60% of them saying inadequate enforcement of regulations has increased such fraud.
The findings of the report suggest that weak internal control systems, eroding ethical values and lack of legal action against fraudsters create an environment conducive to such crimes.
Indian companies, according to the study, remain highly vulnerable to fraud in the absence of “inadequate internal control framework“ that can identify and deal with such crimes. The report suggests that 41% of Indian firms do not have fraud risk management systems.
45% of the firms have experienced fraudulent activities in the past two years, with financial services and consumer markets showing the highest levels of risk.
Satyam Computer Services Ltd, in which founder and chairman B. Ramalinga Raju admitted to showing non- existent income over the years of Rs7,136 crore, the trend in fraud detection has changed.
“Companies are more open to discuss and take action against fraudsters.
According to the World Bank, bribes paid annually amount to more than $1 trillion (Rs44.5 trillion) globally.
India scores poorly on corruption and bribe payments in the list of organizations such as Transparency International, which ranks countries based on corruption and propensity to demand bribes.
India's corruption perception index score in 2009 was 3.4 on a scale of 0-10, with 10 being the least corrupt. In 2008, it was one of the bottom four on the global bribe payers index, with a score of 6.8.
Financial fraud hit 87% of Indian companies in past two years
With white-collar crime almost doubling from last year, financial fraud by insiders remains the single greatest fear of Indian companies, ac- cording to the results of a survey by audit and consulting firm KPMG. The results were released on Tuesday.
Of the 1,000 companies covered in the survey, 87% said they had incurred losses of at least Rs10 lakh due to fraud in 2009.
The previous survey, carried out in 2008, had only 47% complaining on this count. At least 75% of Indian firms said in- stances of fraud had increased over the past two years.
A lack of objective and independent internal audits, inadequate oversight of senior management's activities by the audit committee, and weak regulatory environment were pinpointed as culprits for the spike in financial statement frauds.
The 10th biennial India Fraud Survey Report 2010 reveals that 81% of the companies surveyed feel that financial statement fraud is the biggest threat in India, with at least 60% of them saying inadequate enforcement of regulations has increased such fraud.
The findings of the report suggest that weak internal control systems, eroding ethical values and lack of legal action against fraudsters create an environment conducive to such crimes.
Indian companies, according to the study, remain highly vulnerable to fraud in the absence of “inadequate internal control framework“ that can identify and deal with such crimes. The report suggests that 41% of Indian firms do not have fraud risk management systems.
45% of the firms have experienced fraudulent activities in the past two years, with financial services and consumer markets showing the highest levels of risk.
Satyam Computer Services Ltd, in which founder and chairman B. Ramalinga Raju admitted to showing non- existent income over the years of Rs7,136 crore, the trend in fraud detection has changed.
“Companies are more open to discuss and take action against fraudsters.
According to the World Bank, bribes paid annually amount to more than $1 trillion (Rs44.5 trillion) globally.
India scores poorly on corruption and bribe payments in the list of organizations such as Transparency International, which ranks countries based on corruption and propensity to demand bribes.
India's corruption perception index score in 2009 was 3.4 on a scale of 0-10, with 10 being the least corrupt. In 2008, it was one of the bottom four on the global bribe payers index, with a score of 6.8.
Tuesday, April 6, 2010
Important events, coming up!!!
US TREASURY secretary Timonthy Geitherner will visit India. On the first day his visit, he and finance minister Pranab Mukherjee will launch the US-India economic and financial partnership in New Delhi. Geitherner is expected to hold talks with Prime Minister Manmohan
Singh and Planning Commission deputy chairman Montek singh Ahuluwalia. He’ll visit Mumbai on 7 April.
WEDNESDAY
INDIAN COUNCIL for research on international Economic Relations, in partnership with Konrad-Adenauer-Stiftung, is organizing the 3rd ICRIER-KAS monthly seminar series on macro-economy and financial sector in New Delhi.
A lecture will be delivered on “Financial integration in Asia: trends and interruptions “ by Prakash Loungani, adviser in the research department of the international Monetary Fund.
THE WORLD Health Organization will celebrate World Health Day to mark its foundation. Each year a key global heal issue is selected to be highlighted through the year. This year, the focus will be on urbanization and health.
FRIDAY
THE DEPARTMENT of Telecom will start the auction of spectrum needed for third generation (3G) technology as well as broadband wireless access (BWA). A mock auction is slated to being on 5 April and is primarily for potential bidders to become accustomed to the way the auction will be held
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