business

India’s exports decline by 9.4% in Nov 2008

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India’s exports fell by 9.4%, to $11.5 billion in November 2008, against $12.7 billion in a corresponding month a year ago while imports increased by 6.1% in a period, to $21.5 billion compare to last year period. The country’s total exports grew by 19.4%, to $119.30 billion for the eight months ended November 2008 against … Read more India’s exports decline by 9.4% in Nov 2008

Indure bags 930 crore contract Rajasthan government

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Rajasthan Rajya Vidyut Utpadan Nigam has awarded an engineering-procurement-cum-construction contract worth Rs 930 crore to Delhi based power generator Indure. Indure is the sister concern of Desein Consulting Engineers and has already bagged major contracts from SAIL for setting up the Bokaro and Durgapur captive power plants. Indure is planning to undertake Balance Of Plant … Read more Indure bags 930 crore contract Rajasthan government

India’s 4 MFIs in among top 15 globally

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India’s four microfinance institutions (MFIs) are ranked in the top 15th position globally in terms of outreach, efficiency and transparency in 2007. They are SKS Microfinance (2nd rank), Cashpor Microcredit (4th), Nano Finance (12th) and Evangelical Social Action Forum (14th). MFIs from South Asia and the Middle East and North Africa (MENA) have secured higher … Read more India’s 4 MFIs in among top 15 globally

Insurance companies may have to publish annual reports: IRDA

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Insurance Regulatory and Development Authority (IRDA) may soon ask insurance companies to publish their annual reports in newspapers in a move to bring in more transparency. The authority had recently asked for details of investments made by insurance companies in stock markets between September and November. Officials at IRDA stated that the insurers will be … Read more Insurance companies may have to publish annual reports: IRDA

India fiscal deficit reaches 132% of budgeted level

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Increasing deficit may be a bad news at a time when economy is going sluggish and growth is set to shrink by at least two percentage points In what depicts the worsening condition of government finances in one of most painful years for global economy, India’s fiscal deficit in first eight month (Apr-Nov) period of … Read more India fiscal deficit reaches 132% of budgeted level