Indian rupee has been free falling against the US Dollar for a while and yesterday it touched a new all time low of 55.39 rupees against the American dollar. Whilst there have been recent reports about how the Indian economy is pegged to grow at 7.5% in 2012, depreciation
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Bharti Airtel has partnered with Axis Bank to use combined forces of telecom and banking to offer financial inclusion (FI) to thousands of Indians who still don’t have any access to banking. Called Airtel Money Super Account powered by Axis Bank, the mobile platform will be powered by Airtel
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As the markets slide to 4 month lows and poor Q4 results project a grim outlook for the Indian economy in 2012. However United Nations, Economic and Social Survey of Asia and the Pacific (ESCAP) report outlines defining factors that project growth and stability of Indian economy and surrounding
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Mobile Banking has really caught up in India – according to recently conducted survey by ACI Worldwide, 76% of Indian mobile respondents used their mobiles for banking in last 6 months. This percentage is highest across the world. Comparatively, only 38% respondents from US, and 31% from UK used
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Do you know how many Indians pay Taxes and how much? You would be surprised with some of the numbers. According to the report released by Indian Finance Ministry, estimated number of taxpayers for financial year 2011-12 stands at just 3.24 Crore people. That means, less than 3 people
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Recent research figures released by Ipsos, a world leader in market research, for the month of March 2012 pegged India to be the 2nd most economically confident country. More Indians believe that the current economic situation in India is good and are upbeat about the progress of the Indian
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If you are an IT professional and in midst of a change of job or an appraisal, this report may be very beneficial for you. ZDNet Asia conducted an online survey between March 2011 and March 2012 to find salary packages of IT professionals from India. The study findings
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Finally after 2 years of continuous upward revisions RBI, in its annual monetary policy for 2012-13, slashed the policy interest rates by 50 basis points surprising analysts and markets. They were expecting a rate cut of 25 bps, but RBI surprised them all by being aggressive. The repo rates
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What happens when the stock price of the country’s largest IT giant tanks 13% in a single session? The markets go into a frenzy, analysts go into an overdrive and investors fret. That’s exactly what happened when Infosys posted disappointing Q4 results on 13 April combined with the double
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In January 2012 the Confederation of Indian Industry (CII) announced its results for a survey on India’s business confidence for the quarter that ended in December 2011. TOI reported the glum results with business confidence index (BCI) for the third quarter of 2011-12 having declined 5 percent from 53.6
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