Vodafone more accountable than Mittal Steel
Arun Sarin and Lakshmi Mittal have little in common other than their Indian origin, but when it comes to the accountability of the companies led by the two towards society and environment, Vodafone is over four times more “accountable” than Mittal Steel.
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Mukesh Ambani becomes world’s richest man
Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.
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Sensex hits 20k mark makes history
Tracking global trend, the benchmark Sensex sky-rocketed by 772.5 points to touch the 20,000 mark, in intra-day trading on the Bombay Stock Exchange on Monday on aggressive buying by funds ahead of the US Federal Reserve meeting.
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India is fifth largest forex reserves in world
India on Friday joined the elite group of world’s five biggest holders of foreign exchange reserves as it added about $4.5 billion last week to take the kitty to $261 billion.
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India is 2nd largest market after US in British Airways list
Observing that India was a “voluminous route”, British Airways has listed the country as the second largest market after the US and the third after Australia in terms of its revenue share.
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11 small Indian cities among world’s fastest growing
Economic growth in India is driving an unprecedented shift in population to urban centres. As many as 11 Indian cities figure among the 100 fastest growing cities in the world, with Faridabad featuring at the sixth spot.
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Stop lecturing us, India tells rich nations
The time has come for the developed world to attend to its own problems, and stop lecturing emerging economies about what is right and what is wrong, Finance Minister Palaniappan Chidambaram said on Monday.
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Internet boom in India goes through small towns
Internet usage in India has grown more than 11 times over the last seven years. The boom is being driven not by metros, but by smaller and non-metro towns, where the number of users has risen by a whopping 69 times and 33 times respectively since 2000.
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India worst IT paymaster
India has been identified as one of the lowest paymasters for information technology (IT) managers, according to Mercer’s “IT pay around the world survey 2007”.
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Sensex crash 1700 pts
The stock market benchmark Sensex on Wednesday crashed by 1,743 points within minutes of opening, prompting suspension of trade for an hour a fallout of regulator Sebi’s move to curb Foreign Institutional Investors.
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