A new crop of companies entering the US public markets, including such high-profile offerings as Facebook, are turning the clock back on the way US corporations are run.
An AirAsia executive in India confirmed on Tuesday that the airline had announced withdrawal of its flights between New Delhi and Bangkok, owing to high operating costs that include high airport and fuel charges.
Prime Minister Manmohan Singh on Monday said that India’s farm yield has touched a new high with food production expected to exceed 250 million tonnes, “an all time record”, at the end of the Eleventh Five Year Plan ending March 31.
To encourage banks to lend to education and farm sector, the panel has recommended setting up of a guarantee fund from a fraction of the interest on these loans which will compensate banks for defaults.
Two-wheeler segment, Mahindra will launch its new Duro DZ scooter model and unveil its MGP30 racing motorcycle. (File Photo)
“There is, as such, no direct one-to-one correspondence between the quantum of increase in interest rates and reduction in the level of inflation,” Mukherjee said in written reply to a question in the Rajya Sabha.
“Online video consumption is growing at a rapid pace. However, what the Indian market lacks is a safe and piracy-free destination delivering high quality and original content,” said Yahoo India managing director Arun Tadanki.
According to Mukherjee, recent events like downgrading of US credit ratings by Standard and Poor’s and sovereign debt crises in Europe has been adding to the global economic uncertainty.
The United Nations said that the World is on the brink of another recession.
Indian cash rates climb to 5-month high (File Photo)