Sunday, August 17, 2008

Business News

Business News

Pakistan does not need FY08/09 loan - IMF official

Posted: 17 Aug 2008 01:11 AM CDT

By Koh Gui Qing

Vintage one rupee coin auctioned for Rs 220,000

Posted: 17 Aug 2008 12:08 AM CDT

Bangalore, Aug 17 (IANS) It may sound unbelievable, but a vintage one rupee coin fetched Rs.220,000 at a numismatic auction in India's IT hub on the country's 62nd Independence Day.

Outsourcing industry will continue to grow: Cognizant head

Posted: 16 Aug 2008 11:58 PM CDT

Chennai, Aug 17 (IANS) Despite the global economic slowdown and bad publicity against the industry, India's outsourcing sector would retain its high growth rate, says R. Chandrasekaran, president of Cognizant India, a leading global and business process outsourcing (BPO) company.

Indian industry seeks cutting edge IT solutions from vendors

Posted: 16 Aug 2008 11:46 PM CDT

New Delhi, Aug 17 (IANS) As businesses in India log higher growth figures, companies are falling back on independent service vendors to deliver more specialized IT solutions that can slash costs to a minimum and provide quick benefits of scale, especially in the bullish mid-market segment which is steering the industry's growth story.

India Inc's investment plans rise to $244 bn

Posted: 16 Aug 2008 11:44 PM CDT

New Delhi, Aug 17 (IANS) Despite the global economic slowdown, capacity expansion plans of Indian corporates surged to Rs.10.5 trillion ($244 billion) in the first six months of the current fiscal against Rs.5.67 trillion in the same period last year, an industry lobby said.

Etihad Airways to augment freighter fleet

Posted: 16 Aug 2008 11:44 PM CDT

Chennai, Aug 17 (IANS) The $2.5- billion Etihad Airways of the United Arab Emirates (UAE) plans to increase the share of its cargo revenue from the current 15 percent by augmenting its freighter fleet.
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