MNCs Have the Bigger Bite in Indian EMERGING Market as the Super Slave Calls on G20 to FOLLOW India!
G20 welcomes oil subsidy phase out strategy!
MNCs Have the Bigger Bite in Indian EMERGING Market as the Super Slave Calls on G20 to FOLLOW India!Multinational companies are the organizations or enterprises that manage production or offer services in more than one country. And India has been the home to a number of multinational companies. In fact, since the financial liberalization in the country in 1991, the number of multinational companies in India has increased noticeably. Though majority of the multinational companies in India are from the U.S., however one can also find companies from other countries as well.'MNC in India' has changed a lot in recent years, since more and more firms from European Union like Britain, Italy, France, Germany, Netherlands, Finland Have Jumped in the Fray.
As of 2 hours ago
Deficit pledges made by Group of 20 leaders on Sunday won't provide a big boost for financial markets, with uncertainty about the strength of global economic recovery still the larger concern for investors....
8 Jun 2010 ... Multinational corporations in India may be in a similar dilemma as they were
nearly four decades ago on sharing the profits they make here, ...
http://economictimes.indiatimes.com/markets/stocks/market-news/New-norms-spark-MNC-delisting-fear/articleshow/6021940.cms- 57k- -Cached- Similar Pages
31 Mar 2010 ... Experts say that around 422 contracts worth nearly $15 bn are set to expire,
providing an opportunity to TCS, Infosys and Wipro among other ...
http://economictimes.indiatimes.com/articleshow/5744925.cms- 56k- -Cached- Similar Pages
17 Jan 2010 ... MNCs are chasing the fair sex big time to fill the top positions as women are
better communicators and negotiators.
http://economictimes.indiatimes.com/news/news-by-industry/jobs/MNC-headhunters-chase-women-to-fill-top-jobs/articleshow/5454592.cms- 58k- -Cached- Similar Pages
25 Jan 2010 ... Citi, JP Morgan, Morgan Stanley & Goldman Sachs have declared bonuses for 2009.
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22 May 2010 ... Global cos are looking at Indian pharma sector that is growing between 13% and
15% compared with 2-3% in West.
http://economictimes.indiatimes.com/news/news-by-industry/healthcare/biotech/pharmaceuticals/MNC-drug-cos-queing-up-in-scores-for-Indian-buys/articleshow/5960245.cms- 60k- -Cached- Similar Pages
18 Feb 2010 ... MNC stocks outperforming benchmark indices ... Click next to see MNC stocks that
are outperforming benchmark indices. ...
http://economictimes.indiatimes.com/Pictures/Videos/Pictures-/MNC-stocks-outperforming-benchmark-indices-/articleshowpics/5586150.cms- 31k- -Cached- Similar Pages
11 Apr 2010 ... Leading domestic drugmakers have decided to collectively challenge frivolous
patent applications filed by multinationals in India under the ...
http://economictimes.indiatimes.com/news/news-by-industry/healthcare/biotech/pharmaceuticals/Indian-drugmakers-gear-up-to-challenge-frivolous-MNC-patents/articleshow/5784065.cms- 56k- -Cached- Similar Pages
14 Apr 2010 ... MNC durgmakers on Wednesday hit back at their domestic counterparts over
frivolous patent issue and said even the local firms are engaged in ...
http://economictimes.indiatimes.com/news/news-by-industry/healthcare/biotech/pharmaceuticals/MNC-domestic-pharma-cos-lock-horns-over-patents-in-India/articleshow/5800262.cms- 55k- -Cached- Similar Pages
24 May 2010 ... Happy Meals at Gwalior, Zinger Burgers at Vizag, baby corn pizzas at Haridwar
and Broccoli pasta in Kota.
http://economictimes.indiatimes.com/articleshow/5966614.cms- 58k- -Cached- Similar Pages
2 Jun 2010 ... Multi-national R&D Centers in India will continue to witness attrition during
the first and second quarter of 2010.
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"We welcome the work of Finance and Energy Ministers in delivering implementation strategies and time-frames, based on national circumstances, for the rationalization and phase out over the medium term of inefficient fossil fuel subsidies that encourage wasteful consumption...," the G20 Declaration said at the end of two-day Summit here.
Prime Minister Manmohan Singh attended the Summit. The government's price hike decision was based on recommendations of an expert group headed by former Planning Commission member Kirit Parikh. The group had called for freeing petrol and diesel prices from state control and raising LPG rates by Rs 100 per cylinder and kerosene by Rs 6 per litre.
However, the government settle for freeing only petrol prices, raising diesel by Rs 2 a litre, LPG (cooking gas) by Rs 35 a cylinder and kerosene by Rs 3 per litre.
Before the hike, the oil PSUs were projected to lose Rs 74,300 crore on selling petrol, diesel, domestic LPG and kerosene below cost. The diesel price hike would cut revenue loss by Rs 9,000 crore and cooking fuel price increase would help them garner Rs 5,000 crore.
A lower fuel subsidy bill may help the government reduce the fiscal deficit substantially. It was an estimated 6.9 per cent last year.
"We also encourage continued and full implementation of country specific strategies and will continue to review progress towards this commitment at upcoming summits," the G20 Declaration said.
Janata Dal (United) president Sharad Yadav, who's also the convenor of the NDA, has initiated efforts to rally the entire Opposition together so as to make the bandh call a success. Even though the date for the countrywide protests has not been finalised yet, it is likely that it'll be held in the first week of July.
Given the reluctance of ideologically-opposed parties such as BJP and the Left to be seen in each other's company, on a common platform, it's likely that parties ranged against the Congress-led UPA would offer their support to the bandh call, without coming together formally.
Mr Sharad Yadav, it is learnt, has already broached the issue with CPM general secretary Prakash Karat, his CPI counterpart A B Bardhan, Samajwadi Party supremo Mulayam Singh Yadav, TDP president N Chandrababu Naidu, BJP chief Nitin Gadkari and INLD boss Om Prakash Chautala, and is said to have succeeded in enlisting their support to the cause.
The JD(U) leader is also expected to hold discussions with AIADMK supremo Jayalalithaa and Orissa chief minister Naveen Patnaik to secure their backing to the bandh call.
A similar exercise was kicked off by Mr Sharad Yadav during the budget session of Parliament. Soon after finance minister Pranab Mukherjee, while presenting the general budget, announced a hike in the prices of petrol and diesel, the JD(U) leader had led the entire Opposition in staging a walkout from the Lok Sabha in protest against the move.
Efforts were even then initiated to organise a Bharat Bandh jointly, but the endeavour came unstuck after government managers succeeded in breaking the opposition unity by luring Mr Mulayam Singh Yadav and RJD chief Lalu Prasad Yadav away.
BJP eventually held massive rally on its own in the Capital on April 23, while the Left parties too held a separate protest.
Doubts about the prospects of the entire Opposition closing ranks on the latest round of fuel price hike continue to lurk even now, and the Samajwadi Party and the RJD are once again being seen as "vulnerable'' parties.
The Left parties, it is learnt, have assured Mr Sharad Yadav of getting the Samajwadi Party on board. Mr Karat too is said to have spoken to Mr Mulayam Singh Yadav. The latter, in turn, has offered to speak to the other Yadav chieftain —Lalu Prasad.
"The UPA government has not only increased fuel prices, but has also decided to hand over the country to the market. The government is under a false impression that the opposition is divided and hence, it can do whatever it likes,'' Mr Sharad Yadav had said while speaking to newspersons here on Saturday.
"I request all opposition parties to come together to organise a nation-wide bandh and corner the government in Lok Sabha,'' the JD(U) leader said.
Analysts said that while targets for debt and deficit ratios included in a communique issued by G20 leaders were a mild positive, they were skeptical about their implementation and warned markets are focused on broader issues right now.
"Any language that is going to address the deficit issue, even if it's tenuous at best, should be positive for the currency markets, positive for the risk trades because capital markets clearly want to see some sort of containment in spending," said Boris Schlossberg, director of currency research at GFT.
"It should be positive for the euro," he added.
But the New York-based analyst said the event generated few surprises overall and "the market is going to remain in a state of flux after this."
Investors may be relieved by agreement between U.S. President Barack Obama and British Prime Minister David Cameron on Saturday that there was nothing to be gained from damaging BP (BP.L). The energy giant's stock has taken a drubbing to a 14-year low, wiping out $100 billion in market value, since the Gulf of Mexico oil spill on April 20.
As they worked to put the global economy on a more stable footing, world leaders meeting in Toronto backed away from one-size-fits-all pledges.
Coming into the meeting, U.S. officials had urged that leaders not move too quickly to cut fiscal stimulus, while many European officials, alarmed by Greece's financial crisis, put more onus on austerity.
The group of developed and emerging nations said it would follow through on delivering existing stimulus plans, while highlighting the importance of properly phased plans to "deliver fiscal sustainability".
Specifically, it said the group would aim to at least halve deficits by 2013 and stabilize or reduce government debt-to-GDP ratios by 2016.
"In terms of near-term deficit reduction, with no offsetting demand elsewhere, the global outlook is still vulnerable over the next year," said Mark Chandler, head of Canada fixed income and currency strategy at RBC Capital Markets.
While the broad theme of cutting deficits has been a well-worn topic, one of the key challenges is its implementation, which could ultimately put pressure on risk sentiment.
"It'll all be about timelines and whether the market actually buys into three years as being achievable," said Dean Popplewell, chief currency strategist at OANDA.
"I still believe that we'll be in the risk aversion trading strategies," he added. "It will certainly act negatively towards the euro in the short term. Basically it should be (U.S.) dollar positive and euro negative."
CAUTION MAIN WATCHWORD
The euro zone's debt crisis and the world's economic health have been underpinning global trading sentiment, with glimmers of hope sparking rallies, but caution was still the main watchword.
Funding issues in the euro zone are still an issue, as banks need to repay some 442 billion euros in one-year loans to the European Central Bank this week.
When Singh speaks, people listen: Obama
The combined operations would have an enterprise value of over $11 billion and would own more than 80,000 towers, with more than 125,000 tenancies from over 10 operators, Reliance Communications said on Sunday.
GTL Infrastructure shares were up more than 6 percent.
Exact terms were not disclosed, but the deal will result in Reliance Comm, controlled by billionaire Anil Ambani, reducing its debt by 180 billion rupees ($3.9 billion), a person with direct knowledge of the matter said.
Reliance Comm's debt before the deal stood at about 330 billion rupees, including the cost to finance its recent
third-generation (3G) spectrum licences.
Praising the statesmanship of Prime Minister Manmohan Singh and the rise of India, U.S. President Barack Obama on Sunday said he was "looking forward" and "excited" about visiting India with First Lady Michelle later this year.
Personally thanking Prime Minister Manmohan Singh and wife Gurcharan Kaur for their friendship, Mr. Obama also hoped his visit to India — scheduled for the early part of November — would be extremely productive for the two sides.
"It is a trip that I'm very much looking forward to," said Mr. Obama, before holding talks with Dr. Singh after the conclusion of the G20 Summit that also saw the convergence of views expressed by India and the U.S.
"We are also just excited because of the tremendous cultural, as well as political and social and economic examples, that India is providing the world and has in the past," said the U.S. president.
Mr. Obama, particularly, had a lot of praise for Dr. Singh.
"I can tell you that here at G20, when the prime minister speaks, people listen," he said, adding it was because of his deep knowledge of economic issues, the nuances of India's rise as a world power and its commitment towards global peace and prosperity.
The U.S. president also recalled that the State dinner hosted by him for Dr. Singh — the first for his presidency — was "wonderful" and that it had set the tone for India-U.S. ties that they had both termed as a strategic partnership.
"We want to make sure that in addition to government-to-government ties, we were initiating people-to-people ties," he said, adding emphasis also remained on how to get the businesses of the two side to work together.
Dr. Singh, on his part, also praised Mr. Obama no length and said it was because of him that the strategic partnership between India and the U.S. was getting a new thrust, meaning and endeavour.
"You are a role model for millions and millions of people all over the world," said the prime minister said of Mr. Obama, almost 30 years his junior. "Your life history is a history that inspires millions of people everywhere."
Dr. Singh said it was his privilege to enjoy Mr. Obama's friendship, and assured that he was waiting to welcome the US president and his family to India so that they could also see for themselves the transformations the nation was undergoing.