Globally, the biggest fall in rents was in Mumbai with Colaba Causeway falling 63.5%, Linking Road Bandra by 63% and Kemps Corner by 60%. In the Americas, Rio de Janeiro’s Sao Conrado Fashion Mall fell 53.4% whilst in Europe, Bucharest’s Calea Victoriei fell 48.1%. This was revealed by a survey conducted by Cushman & Wakefield. [...]
Archive for the ‘Business India’ Category
India’s greedy real estate mafia to collapse?
Posted in Business India, Corruption, tagged greed, India, Mumbai, poor, Poverty, recession, rent, rentals, rich, Slums on September 27, 2009 | Leave a Comment »
2 Recent survey results on Poverty and FDI
Posted in Business India, India Facts, Poverty, tagged Business, Children, Globalization, Hindutva, India, Poverty on September 19, 2009 | Leave a Comment »
India is home to one-third of the world’s undernourished children, despite impressive economic progress with real GDP per capita growing by 3.95 percent annually from 1980 to 2005. Lawrence Haddad, director of the London-based Institute of Development Studies, told Reuters in an interview that India would not meet UN 2015 targets on improving nutrition.
Haddad said [...]
India stands at 44th rank among global IT competitiveness index
Posted in Business India, India Facts, tagged Bangalore, Education, GDP, India, Information Technology, IT on September 19, 2009 | Leave a Comment »
HELSINKI: India stands at 44th rank among global IT competitiveness index. The United States continued to lead the global IT industry competitiveness ranking in an annual survey by the Economist Intelligence Unit, followed by Finland, Sweden and Canada. The prominence of Finland, Sweden, Canada and the Netherlands in the index’s top tier was helped most [...]
$45 billion as remittances to India, fall predicted in 2009: World Bank
Posted in Business India, India Facts, Indian Mass Migration, tagged India, Migration, Remittance on March 26, 2009 | Leave a Comment »
With migrant workers facing job losses, anti-migrant sentiment and even violence in the deepening global financial crisis, World Bank researchers predict remittances will fall to $290 billion in 2009, from last year’s high of $305 billion.
Remittances flowing to developing countries from Russia, South Africa, Malaysia and India are “especially vulnerable to the rolling economic crisis”, [...]
Sunil Agrawal offered sex, gems to US visa officer in Toronto
Posted in Business India, Corruption, Indian Mass Migration on February 28, 2009 | 3 Comments »
WASHINGTON: An Indian American jewellery executive and a former Toronto-based US diplomat have pleaded guilty to trading gemstone rings, trips with exotic dancers and other gifts in exchange for expedited work visas.
According to court papers, Sunil Agrawal, the chief executive officer of New York-based STS Jewels, gave presents to Mike O’Keefe, who was the deputy [...]
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