POLITICS

US DOWNGRADE AND ASIAN MARKETS

The real danger from the downgrade of U.S. government debt by Standard & Poor’s isn’t higher interest rates. It’s the hit to the nation’s fragile economic psyche and rattled financial markets.

S&P’s decision to strip the U.S. of its sterling AAA credit rating for the first time and move it down one notch, to AA+, deals a blow to the confidence of consumers and businesses at a dangerous time Continue reading →

Tech Mahindra wins bid for Satyam

Tech Mahindra has won the bid for Satyam Computer Services. The long-drawn race finally drew to a close as it was confirmed that Tech Mahindra bid for Satyam at Rs 58 per share, while Larsen & Toubro, the other player in the fray, bid at Rs 49.50 per share Continue reading →

BJP sets out India poll manifesto

India’s main opposition Bharatiya Janata Party (BJP) has released its election manifesto which includes a number of key financial pledges. Continue reading →

The Congress manifesto Highlights ELECTION 2009-INDIA

The Congress manifesto Highlights

25 kg wheat or rice for Rs.3 per kg

** Maximum possible security to each and every citizen

** Highest level of defence preparedness and also take further steps for the welfare of the defence forces and their families

Continue reading →