The unabated rise in inflation is bound to impact the economic growth though it might not be severe, said Subhashish Gangopadhyay, adviser to Finance Minister P Chidambaram. Reflecting the pressures on economy, industry grew by 3.8 per cent in May
The report pointed out that further rate hikes do pose downside risks to Citi's FY'09 and FY'10 GDP estimates of 7.7 per cent and 7.9 per cent, respectively. "...the days of 9 per cent plus growth are over and we
Medical science would also derive huge benefits from use of nanotechnology as detection and treatment of serious diseases like Aids and cancer would be easier. With increasing importance of power generation through non-conventional energy sources, Nano technology would be of
NSA is overseeing the discussion National Test Research Organisation, under the Home Ministry, along with DoT is holding with smartphone maker Blackberry to find a solution where the data traffic passing through the Canadian firm's network could be intercepted by
For innovation, Bharti Airtel and ICICI Bank are followed by Infosys, TCS and HCL Technologies in the top five. These are followed by Anil Ambani-led Reliance Communications, Wipro, Satyam, M & M and Hindustan Lever (now known as Hindustan Unilever
The new clean technology venture capital fund has invested $20 million in California-based Miasole, which is engaged in the development of thin-film solar panels, while the carbon fund has an initial investment commitment of $157 million, the steel-maker said. "The
Just when the markets were recovering came another jolt. Poor IIP numbers for the month of May, triggered a fresh round of selling, especially the capital goods stocks began to slide... Unabted selling, thereafter, saw the index tumble to a
Prices of essential commodities, which include foodgrain, pulses, edible oils, vegetables, dairy products and some other commodities like kerosene, soap, safety matches, have more or less stabilised, the ministry said. The finance ministry based its assessment on the annual inflation