GLOBAL According to research firm Dealogic, global merger and acquisition (M&A) activity over the world touched USD 1 t in May 2012 while the same amount was achieved a month earlier in 2011. Moderate activity has been witnessed on account… Read More ›
INDIA According to Crisil, a rating subsidiary of S&P, India’s power distribution companies incurred losses worth INR 2,00,000 cr for FY11-12 on lower tariffs and higher fuel costs. Power distribution companies (discoms) could hike power tariffs by 6.5 percent in… Read More ›
INDIA IMF lowered India’s growth projection for FY12 to 6.9 per cent vs. previous (Jan) at 7 per cent, citing slowdown in investment climate and slow project approvals. However the agency retained India’s FY13 growth estimate at 7.3 per cent…. Read More ›
The International Monetary Fund (IMF) Managing Director Christine Lagarde stated that the fund could secure at least USD 400 b in commitments from countries over the world.