Nasscom said growth for the current financial year (2016-17) was expected to be 8.6% Nasscom has unexpectedly postponed issuing a growth projection for 2017-18, a first in 25 years, in the wake of uncertainty due to regulatory changes in the US and the macroeconomic outlook. Nasscom said growth for FY17 was expected to be 8.6 per cent, within the earlier estimate of eight to 10 per cent but at the lower end. It had made the revision to 8-10 per cent last year, from the earlier 10-12 per cent. Rediff.com, 5 days ago
Police are investigating a shooting at a popular festival in Mexico in which five people have been reportedly shot dead, reports news.com.au.According to early reports, a security guard is among the dead, after shots were fired into the crowded closing party of the annual BPM Festival in Playa Del Carmen, a coastal resort town along the Yucatn Peninsula.Popular DJ Jackmaster tweeted that shots had been fired into the festival crowd. The BPM festival is an annual event running from ...Rediff.com, 1 month ago
Chambers said Internet will facilitate 3-5 times the economic impact at a much faster pace Describing demonetisation as only a "bump", Cisco executive chairman John Chambers, on Monday, said India is well-positioned to maintain GDP growth rate of over 7 per cent for the next few years and it should be a "top ally" for the US in the Asia Pacific region. Allaying fears that the new Trump administration could make policy decisions that adversely impact the Indian IT companies, he said: "I think ...Rediff.com, 1 month ago
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