Business News

Wall St Week Ahead - Battered stocks face another tough week Posted: 07 Sep 2008 01:45 AM CDT By Steven C. Johnson

Service sector expected to grow more than 9.5 percent Posted: 07 Sep 2008 01:08 AM CDT New Delhi, Sep 7 (IANS) Despite an economic slowdown, India's services sector is expected to grow at more than 9.5 percent this year, according to the Confederation of Indian Industry (CII).

'India needs 161 GW additional power generation' Posted: 07 Sep 2008 12:45 AM CDT New Delhi, Sep 7 (IANS) India's growth story may derail if urgent steps are not initiated to wipe out the electricity demand deficit of 13 percent and energy shortage of six percent, an industry lobby study said.

India, shy of donor tag, wins US praise Posted: 07 Sep 2008 12:23 AM CDT Accra, Sep 7 (IANS) A global gathering on how to make aid more effective has wrapped up in the Ghanaian capital with a wary India and China managing to elude a yet-dim focus on their status as emerging donor nations. But a top American aid official praised India for the quality of its aid.

U.S. plan for Fannie, Freddie to hit shareholders Posted: 06 Sep 2008 11:02 PM CDT By John Poirier and Patrick Rucker

Indian designers still wary of managers and accountants Posted: 06 Sep 2008 10:33 PM CDT New Delhi, Sep 7 (IANS) Fashion designers in India have been wary of corporate alliances and of seeking expert financial advice. This, industry sources say, has been hampering the growth of the industry and preventing young designers from making their mark in the international arena.

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