India joined China in the clamber of nations to tap African resources by entering into agreements with Nigeria and Angola, the continent’s two top oil-producing nations.
Home » January, 2010
Entries posted on “January, 2010”
RBI Policy Review Over – CRR Hike More Than Expected
The Reserve Bank of India raised Cash Reserve Ratio (CRR) by 75 basic points, while the market expectation had been 50 bps. The central bank has left the interest rates untouched.
The Balance of Power Has Tipped to Favor India
Even amidst the rising speculation regarding the statements made by American President Barack Obama during his State of the Union Address, India has something to cheer about. President Obama’s concern over India’s rapid growth is a testament to the change that the country’s economy has seen over the last few years.
India, which was long seen [...]
Will Obama plan ruin India’s IT show?
The US President Barrack Obama vowed to put a full stop to outsourcing of jobs by US companies in a desperate bid to prop up his flailing popularity. However, industry sources are not overly worried and do not see any immediate threat to the Indian IT/BPO sector.