Only double-income households can buy flats in India’s top 8 cities, except Mumbai When Reserve Bank of India Governor Raghuram Rajan asked real estate developers to start reducing prices so that more people would be willing to buy, he was only stating the obvious. According to real estate consultants, only double-income families can afford to buy a decent-sized flat (say, a 2 BHK flat with 1,000 sq ft of super built-up area) in India’s top eight cities, except Mumbai. Slow growth ... Rediff.com, 1 week ago
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PM Narendra Modi made a grievous error in promising the army veterans OROP during his election campaign. (PTI) The fact that at least one Railways trade union is already looking at one-rank-one-pension (OROP) for its members should alert prime ...Financial Express, 1 week ago
T he country's armed forces have a potent weapon in their arsenal. In May, the army inducted India's first homegrown surface-to-air missile system Akash. The missile can take on multiple targets up to a maximum range of 25 km and at an altitude of ...Outlookbusiness.com, 1 week ago
Appreciation against other world currencies erodes export competitivenessThe rupee has been remarkably resilient over the last 18 months. Most emerging market currencies have depreciated in double-digits against the dollar, while the rupee has managed to hold its own. With the Reserve Bank of India strengthening India’s foreign exchange reserves, the rupee’s stability was almost taken for granted. But with the People’s Bank of China unexpectedly devaluing its currency ...Rediff.com, 2 weeks ago
IBM's heavy focus on EPS targets created incentive for excessive cost-cutting and financial engineering. Long-term cultural and innovation problems are a real risk to IBM's future. Share buybacks, customer relationships, and R&D spending convinced ...Seeking Alpha, 2 weeks ago
There was no respite for the Indian rupee on Wednesday, as it fell over one per cent to 64.95 per dollar in intra-day trade on Wednesday after China allowed the yuan to fall sharply for the second straight day. The domestic currency closed at 64.81 to the ...The Financial Chronicle, 2 weeks ago
For its efforts to promote opportunities for small, minority- and women-owned businesses, Denver International Airport has been selected by the Federal Aviation Administration (FAA) as the winner of the 2015 Disadvantaged Business Enterprise ...Travel and Tour World, 2 weeks ago
Riding on expectations of high economic growth and believing in India's long-term story, many steel companies took up expansion plans and made acquisitions. But, not many had anticipated a sharp slowdown in demand, both local and global, leading to ...Smart Investor, 3 weeks ago
W alk into any hardware store on Mumbai's crowded Andheri-Kurla Road and you will be greeted by huge cans of Fevicol adhesive, smaller packs of M-Seal precariously perched on top of each other and rolls of Steelgrip insulated tape usually lying ...Outlookbusiness.com, 3 weeks ago
NEW YORK - The Mets finally landed the bat they were looking for in Yoenis Cespedes just ahead of Friday's trade deadline, and Cole Hamels confirmed he blocked a trade to Houston before Philadelphia dealt its ace to Texas. Sixteen trades were made ...Demanjo, 4 weeks ago
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