BNZ is throwing down the gauntlet to other banks in slashing its lowest mortgage rate today to below 7 per cent.
The ‘mortgage rates war’ was a key battleground four years ago when BNZ and ASB went at it hammer andtongs in the spring of 2004.
That tussle over 2 year fixed rates gave the housing market [...]
New Delhi: Industry body Assocham has said, India Inc is set to show pink slips to 25-30 per cent employees in businesses like IT, aviation, steel, financial services, real estate, cement and construction as part of their cost-cutting measures.
"HR heads of these sectors have drawn up conclusive plans to curtail their workforce by 25-30 per [...]
The actuality of climate change is still a very important issue hat is intensively covered by different sources of information, would it be broadcast, print or new media. According to the expecting threats that this problem might cause not each organization that aims to improve the situation in this direction but each person has to take part and put his/her efforts to advantage of surrounding envi
The return on investment for a developer in Ajman is averaging 25 per cent per year. For a new developer to enter the realty scene in Ajman today he has to ensure he has sufficient capital in hand. The market is maturing and the Ajman Government is coming up with a set of regulations. A new developer has to be financially strong and understand the business
NEW DELHI: India's third party business process outsourcing (BPO) services exports in 2007-08 grew 21.4 per cent to Rs.264.23 billion, up from Rs.217.60 billion in the previous fiscal, according to a new study. In dollar terms, the growth was even more impressive at 36.6 per cent to $6.6 billion, up from $4.8 billion last fiscal, said the study. It ranked Genpact as the No. 1 export revenue ea
NEW DELHI: India's third party business process outsourcing (BPO) services exports in 2007-08 grew 21.4 per cent to Rs.264.23 billion, up from Rs.217.60 billion in the previous fiscal, according to a new study.In dollar terms, the growth was even more impressive at 36.6 per cent to $6.6 billion, up from $4.8 billion last fiscal, said the study. It ranked Genpact as the No. 1 export revenue earner
Union workers at Kia Motors Corp. voted Friday to approve a new wage agreement, the carmaker said, putting an end to a series of strikes that took place amid negotiations. Workers approved a 5.2 per cent increase in basic pay for this year, a special bonus equivalent to two months' salary and a lump sum payment of one million won (US$1,052), said company spokesman Michael Choo. Fifty-eight per cen
Revenues and profits from China's online travel business rose strongly in the second quarter of the year, the country's largest online travel agent reported. Ctrip.com saw quarterly revenue rise by 30 per cent to $55m, compared to the same period one year earlier. Net profits were up 34 per cent over the same period, reaching $17m.The company's positive results were driven by a surge in online sal
Consumers face year afterwards year of aggrandizement busting rises in baptize bills afterwards companies submitted affairs for increases of up to 22 per cent over a five-year aeon to 2015. As households face college bills for mortgages, food, activity and petrol, the baptize companies intend to backpack bills by up to £100 a year to pay for new pipes to abate leakage. Southern Baptize is plannin
The Hoa Sen Group gained revenues of VND1.44 trillion, or 56% of 2008’s set plan, and a post-tax profit of VND215 billion, or 93 per cent of their yearly plan.
Le Phuoc Vu, chairman of the management board and general director of the group, said that the good result was made possible by delaying investments into some projects and focusing on the production of their primary products.
If there's a single issue that has got people around the world apprehensive - it's the astronomical rise in fuel prices. Crude oil that used to cost $27 a barrel hardly 4 years back now costs $140 a barrel. And it could go still higher.Never has there been a greater necessity for reducing fuel consumption. By doing so, not only would you be doing yourself good by decreasing your expenditure on fue
The rise is far greater than previous estimates including a US Government claim that plant-derived fuels contribute less than three per cent to food price hikes. Telegraph.
The going is getting tougher for applicants to Delhi University’s popular courses and good colleges. The cut-off for B. Com (H) in the DU’s popular colleges, for instance, won’t go below 90 per cent this year.
Officials say that top colleges will fill up seats for the course in the first cut-off list itself. The first [...]
Dong Nai Corrugated Roofing and Construction Material (Donac) paid VND9.42 billion (US$588,000) to acquire 40% of the shares of Phuong Thao-Phuoc Khanh Construction Material and Investment Co (PPCIC).
Donac is completing procedures to merge with PPCIC and officially holds 100 per cent of PPCIC’ s shares.
Involved in...
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Together with AB Bank, SCB, SHB, Gia Dinh, Kien Long, Nam Viet and HD Bank, since June 9 an additional four banks have raised their VND interest rate to above 16% a year.
Of these, Nam A Bank hit the highest interest rate of 16.56% a year with a three-month term, applied for customers depositing more than 5 billion...
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Viet Nam's gross domestic product growth will probably be 7% this year as exports and foreign investment increase, Viet Nam News newspaper reported, citing Viet Nam's Prime Minister Nguyen Tan Dung.
In the first five months, exports were estimated at $23.4 billion, 27% higher than last year and total direct...
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Viet Nam is estimated to post industrial production value of VND270.8 trillion (US$16.92 billion) in the first five months this year, up 16.4% on-year, the General Statistics Office (GSO) reported.
May’s figure is reportedly VND55.6 trillion, on on-year rise of 16.7%, the GSO shows.
The private sector still records the highest growth rate in the five-month period, at 22.1%, to reach VND96.1
While I was carping here about Bush alleging that Indians were eating up all the world's food, this blog item in Boing Boing wove into vision. It says that the US wastes 27 per cent of food available...
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Viet Nam, the world’s biggest producer of Robusta coffee, will increase production by 23% next season on improved yields and growing conditions, the US Department of Agriculture (USDA) said.
The country will produce 21.5 million bags, up from an estimated 17.5 million bags in the season ending September 2008, the department’s Foreign Agricultural Service said in an e-mailed report Saturday.
Google enjoyed 85 per cent of the search engine marketing spending in the UK in quarter one of 2008, according to an Efficient Frontier report.Confirming what the majority of online marketing and seo web design experts may have already expected, the click through rates for Yahoo! fell by 38 per cent as takeover speculation continues to mount.Meanwhile Google's Return On Investment (ROI) was also b
Kolkata Knight Riders captain Sourav Ganguly has been issued an official reprimand and fined him 10 per cent of his match-fee for showing dissent on the field during the Indian Premier League match against Rajasthan Royals in Jaipur on Thursday. A statement from the Board of Control for Cricket in India said Match Referee Farookh Engineer reprimanded Ganguly and also fined him."Ganguly&#
Inflation galloped to 42-month high of 7.57 per cent for the week ended on 19th April as compared to 7.33 per cent a week ago mainly on account of higher prices of food articles.
Food articles like rice, milk, tea, vegetables and some manufactured products whose soaring prices are also the reason for rising inflation.
The wholesale [...]
Infrastructure Development Finance Company Ltd (IDFC) has posted over 60 per cent increase in net profit at Rs 149.4 crore for the quarter ended March 31, 2008 as compared to Rs 92.9 crore for the quarter ended March 31, 2007. Total income increased by 80.8 per cent to Rs 773.4 crore for January-March period of 2007-08 from Rs 427.7 crore for the corresponding period in 2006-07.For the year ended March 31, IDFC has posted a 47 per cent increase in net profit at Rs 742.1 crore as compared to Rs 503.9 crore for the year ended March 31, 2007. Total income has increased by 78 per cent to Rs 2,804.5 crore for 2007-08 from Rs 1571.3 crore for 2006-07.
If Ward and June Cleaver were the idyllic picture of marriage in the 1950s, then Vishva Ramlall and Stephanie Linton could be the face of relationships in the 21st century.Mr. Ramlall was born in Guyana and came to Canada when he was 11. Ms. Linton was born in this country and grew up in several small towns across Ontario.The two met through friends in Ottawa, started dating and have been married for nearly three years.The couple represents a small but growing number of Canadians who are involved in interracial unions - a number that many experts predict will jump dramatically in the next few decades."The numbers are skyrocketing," said Minelle Mahtani, a geography and journalism professor at the University of Toronto who studies mixed-race identity.Nearly 300,000 Canadians were involved i
Vietnam National Oil and Gas Group (PetroVietnam) posted total revenues of nearly 69.4 trillion dong (more than 4.3 billion dollars) in the first three months of this year, up 71% year on year, a company official said Friday. The daily Viet Nam Economic Times reported that the company's revenues represented 20% of Viet Nam's entire GNP for the quarter.
The state-owned conglomerate, known as
The dong dropped 0.09% Thursday to 16,110 against the dollar, according to data compiled by Bloomberg.
The State Bank of Vietnam set the daily reference rate for the dong at 15,960 per dollar, the same as Thursday, according to its website.
Banks are allowed to trade the currency 1% either side of that rate.
Five-year government notes Thursday declined for a second day.
The yield rose 6 basis
The 'main roads' of Devapala, Arudi and Singenahalli villages, bordering Gowribidanur taluk, Bangalore Rural district, are virtually nonexistent. It's tough even for a bullock cart to navigate these roads. The value of dry agricultural land...(read more)
George Soros, the real estate billionaire has acquired a 2.5-per cent stake in Indiabulls Real Estate (IRE), for Rs276 crore.
Soros’ hedge fund Quantum Fund picked up over 6 million Indiabulls Real Estate shares in the open market on Tuesday 18 March for Rs455.8 on a day when the shares closed 4.2 per cent down at [...]
A study led by Dr. Eli Hatchwell of Stony Brook University Medical Center in New York has found that disruption of a gene called contactin 4 prevents the brain from making proper networks. Two copies of the gene are required for proper functioning but some children have either three copies or one copy. Dr. Hatchwell estimates that contactin 4 gene disruption may be involved in as many as 2.5 percent of autism cases: "Generally the mistake that people make is they are looking for one unifying cause for autism, and there is no such thing and there never will be," Hatchwell said in a telephone interview....."Autism is a syndrome. These individuals have all been grouped together as having the same thing. There will be many, many dozens if not hundreds of different causes," he said.Contactin 4
While we are on the subject, let's lay to rest a few myths. The first is that Britain has a high level of home-ownership while the majority of our European neighbours are content to rent. Almost 80 per cent of households in Spain and Italy own their property. The shares in France and Germany are hardly low at about 63 per cent and 43 per cent respectively.The second is that buying always makes more sense economically than renting. In many parts of the country, it is cheaper to rent than to buy, certainly over a two- to five-year period. Simply put, it is quite easy to find a property where the monthly rent is less than the mortgage interest.
Pantaloon Retail (India) Limited, part of the Future Group, declared its unaudited financial results for the quarter ended December 31, 2007 wherein the Income from operations (Rs.1226.75 crore) for the quarter increased by 62.9 per cent; and PBDIT (Rs.110.93 crore) increased by 93.06 per cent.The Meeting of the Board of Directors was held as scheduled i.e. 22nd January 2007 and the Board inter‑alia took the following decisions:- Board took on record the Unaudited Financial Results for the second quarter ended on 31st December 2007 along with the Limited Review Report of the Statutory Auditors, which are attached herewith.- Board has approved setting up wholly owned subsidiary companies for Big Bazaar and Food Bazaar, Speciality Retail Business Activities and Property & Mall Manageme
Nearly $25bn was spent online in the US between 1 November and 18 December, a 19 per cent gain over the same period last year, according to the latest market data. Research firm comScore said that the figure surpassed the total online spending for the entire 2006 holiday season. Online sales on 17 December jumped 33 per cent to $700m, and 18 December saw a jump of 25 per cent to $670m. "Monday and Tuesday of this final week of pre-Christmas shopping saw strong growth in spending versus a year ago, pushing the season-to-date growth rate slightly above 19 per cent," said Gian Fulgoni, chairman of comScore. "While it is now safe to say that the heaviest online spending days of the season are behind us, we believe we may continue to see strong growth rates during the remainder of the seaso
According to a survey published in Le Journal du Dimanche, 86 per cent of French people do not feel that the image of President Nicolas Sarkozy has changed since his romance with model-singer Carla Bruni became public. Eleven per cent believe his image has deteriorated, while three per cent believe it has improved.
   Eighty-nine per cent believe that the President's romance is private and no concern of the public; the remainder believe the affair is a public matter.
   The poll had a sample of 964 eligible people aged 18 and over, and interviewed people between December 20 and 21 (not October 18 and 19 as reported by AP).
BAGHDAD (AP) - Attacks against British and Iraqi forces have plunged by 90 percent in southern Iraq since London withdrew its troops from the main city of Basra, the commander of British forces there said.
story here.
God, I'm boring. I always suspected this was the case, and last week I had it proved to me. Having submitted a slightly edited version of my 'fuzzy logic' post to thelondonpaper, they printed the thing in their Talk section, where a reader becomes a 'columnist' for the day (my byline was "Chris Young, 28, is a dancer from Balham"). At the bottom of the column, there is a number for readers to text in and vote on whether they want "more", or whether they think the writer is a "bore". Following the publication of my 400-word ramble on beards, 75 per cent of London decided that I was a "bore". Needless to say, I had voted "more", which cost me 35p. Perhaps I annoyed some hairy men. Or maybe people just don't like dancers from Balham.The fear is that I have already become as boring as my father, who can clear a room not only on the basis that he bears more than a passing resemblance to Saddam Hussein and the serial killer Fred West, but because his 'dad talk' can out-dad the most d
The domestic crude oil imports requirement may go up to about 85 per cent by 2012 from current level of 70 per cent even though refining capacity in India is poised to increase by 58 per cent to touch 235 million tonnes (MT) in next five years from present level of about 159 MT, an industry body said.This is in view of the growing demand of energy with little resources at India's disposal for harnessing its alternate sources, it added.Assocham in a paper on "Future Imperatives of crude oil scenario" has said the country's dependence on crude oil will increase as domestic discoveries have not been taking place, while energy demand in future will multiply and rise to the level of 12-13 per cent compared to 7-8 per cent now."It is true that refining capacities will also register a manifold increase but for that we need a crude oil which is a scarce commodity now and will continue to be so in future too," said Assocham President Venugopal N Dhoot.The paper also said the artificial ceilin
England house prices are predicted to show a startling rise of 40 per cent within five years hitting a national average of more than £300,000. The prediction comes from the National Housing Federation,(NHF) which says the rise will come despite Government promises to massively step up house building.
The new luxury hotel will form a major part of Golden Land's 'Sathorn Square' mixed-use development, which is centred on the historic landmark Russian Embassy complex and will also include a 70,000 square metre Grade A office tower with retail shops.
India's state-run Bank of India (BoI) on Friday announced it has acquired a 76 per cent stake in Indonesia-based PT Bank Swadesi for an undisclosed amount, a news agency reported. The Indian bank, in a communique to the Bombay Stock Exchange, said it had signed an acquisition deed for acquiring a majority stake in PT Bank Swadesi, the PTI said in its report. This is the first overseas acquisition by the BoI and is expected to enhance its international operations in Indonesia.
The value of hardships varies from Rs. 24,000 to Rs. 6.5 lakh. Tenants will be paid shifting charges and inconvenience allowance. BANGALORE: The 1,500-odd families which will lose their residential or commercial property for the proposed metro rail...(read more)
BANGALORE: Property owners in the five new zones comprising the seven erstwhile city municipal councils (CMC) and one town municipal council (TMC) areas will have to pay more property tax from this year. As part of the property tax, the Bruhat Bangalore...(read more)
NOKIA PRESS RELEASE April 12, 2007Nokia has paid less than 3 per cent gross royalty rate for WCDMA handsetsNokia today confirmed that until 2007 it has paid less than 3 per cent aggregate license fees on WCDMA handset sales under all its patent license agreements. This number represents Nokia's aggregate gross royalty payments made under all the numerous patent license agreements applicable to its WCDMA handsets. It excludes infrastructure related royalties and all royalty income collected by Nokia.The above WCDMA handset related royalty payments made by Nokia include all WCDMA handset royalty payments made to Qualcomm.From April 9, 2007, Nokia contractually has a fully paid up license covering Qualcomm's early patents and thus those patents are licensed to Nokia royalty free for its handsets going forward in perpetuity. Therefore Nokia's licensing agreements with Qualcomm for the future will focus only on the terms for Qualcomm's newer patents.About NokiaNokia is a world leader i
Online gambling companies have condemned a new 15% tax set by Gordon Brown. The rate, which takes effect from April 1, is in line with tax imposed on other forms of gambling but is much higher than the two to three percent for which online gambling companies had lobbied.
John Coates, chairman of the Remote Gambling Association, said in a budget response statement: “The UK has effectively turned its back on the industry. It will now be almost impossible for a UK-based operator to compete with offshore businesses.” He noted that a lower tax would have encouraged a more regulated and lucrative market, attracting offshore operators to the UK.
ATreasury spokesman responded by insisting that the rate simply brings online gambling into line with the rest of the industry, emphasizing that “the UK cannot and should not try to compete with tax havens.”
Source: vnunet
The number of internet users worldwide increased 10 per cent over the past year amid a surge in India, China and Russia, a survey shows. The report by market research firm comScore Networks found that 747 million people aged 15 and over used the internet worldwide in January 2007, a 10 per cent [...]
The release of a batch of pre-Christmas Xbox 360 titles, lead by Microsoft's Gears of War, has seen broadband traffic on Xbox Live in the US swell by 80 per cent. According to broadband specialist...
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Worldwide sales of mobile phones to end users in the third quarter of 2007 reached 289 million units, a 15 per cent increase from the same period last year, according to Gartner, Inc.
Worldwide sales of mobile phones reached 294.3 million units in the first quarter of 2008, a 13.6 per cent increase over the first quarter of 2007, according to Gartner. Sales of mobile phones in Western Europe decreased 16.4 per cent from the first quarter of 2007, the first decline in ...
