New Delhi, 8 Jan, 2008 : According to the findings of a survey released on January 8th, by a consultancy firm, KMPG, rising production costs and dilapidated infrastructure is threatening the fast growth of Indian auto industry. Rising labour costs seem to be a cause of worry among the firms as a talent shortage drives up pay and staff turnover in an economy. India's automotive industry, which produces 1.5 million vehicles annually, is worth 34 billion dollars a year and contributes five percent of India's gross domestic product.
The Commerce Department reported that housing construction rose by 3 percent in October, the first increase after three months of declines and the biggest advance since a 6 percent rise last...
Federal Reserve Chairman Ben Bernanke, warning that higher inflation and weaker economic growth could be in store, told Congress that the central bank is keeping a close eye on the subprime...
Slower growth for the economy may be on the horizon, continuing after the holidays, the Conference Board said, reporting that a gauge of future economic growth fell 0.5% in October. Only three of...
IMF says U.S. heading for recession. The IMF said the global expansion of the last several years was fast losing ground in the face of a major financial crisis brought on by a downturn in the U.S....
IntroHello. I'm Bernard Hickey with the daily briefing from interest.co.nz...Today, we'll look at why banks are putting up fixed and variable mortgage rates when the Reserve Bank still has official...
Pensioners in eastern European states are feeling the sharpest punishment for their governments' ambitions in taking the eastern European states into the European Union, as they grapple with the...
Aug. 24 - Caught in an atmosphere of uncertain growth and rising costs of essential services, India's largest private sector bank is cutting costs aggressively across all levels.
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