Friday, March 4, 2011

Today Economic news(Oil Prices)

* High oil prices will be a risk for India: Deutsche Bank -Taimur Baig, Chief Economist-India, Deutsche Bank, talks about the budget, fiscal deficit target and rising oil prices. …………………

* Infosys BPO to hire 8,000; sees 18-20% growth in FY-12 -D. Swaminathan, chief executive and managing director of Infosys BPO, said he expects operating margins of 20 to 22 percent in fiscal 2012………….

* SEC probing possible corrupt act by Cadbury in India: Kraft – In a regulatory filing, Kraft said it received a subpoena from the SEC in connection with an investigation under the Foreign Corrupt Practices Act…………

* Cong, JD(S) slam BJP in K’taka for attempting to lure MLAs – Congress and JD(S) today slammed the BJP government in Karnataka for allegedly attempting to lure Opposition MLAs, terming it as “murder of democracy”………….

* Mobile phone towers to be powered by solar energy: Minister – Govt is considering use of solar energy to tide over power deficiency impeding installation of mobile phone towers in tribal and hilly areas, the Rajya Sabha was informed today