2. Chinese economy to slow down to 7 pc
Chinese economic growth may slow down to about seven per cent in the next
three to five years from the present 10 per cent level, the 'quantitative easing'
monetary policy by US may add inflationary pressures to the Chinese
economy.
Microsoft's CEO Ballmer sells 12% stake
Microsoft Corp Chief Executive Steve Ballmer sold $1.3 billion worth of shares
in the company, cutting his stake by about 12 per cent.
3. NTPC to add 13,000 MW of power capacity by 2012
By the XI Plan period, the company aims to put about 13,000 MW of capacity
on stream, contributing to the government of India's plans of adding 68,000
MW by that time," NTPC Chairman and Managing Director Arup Roy
Choudhury said while addressing company employees on the 35th anniversary
of the company
State Bank of India appoints G D Nadaf as director
State Bank of India has nominated G D Nadaf as officer-employee Director on
the central board of the bank. Nadaf, who joined the bank as cashier in 1972, is
serving as deputy manager at Bangalore. He is also General Secretary of the All
India State Bank Officers' Federation (AISBOF). He will be in the SBI board for
the period of three years.
4. India orders may create 7 lakh jobs in US in 10 yrs: CII
Industry body CII today said sourcing of infrastructure equipment, nuclear
hardware and military aircraft from the US by India could create over seven lakh
jobs in America in the next ten years.
U.S., India plan food security push in Africa
The United States and India plan to work together to promote food security in
Africa, a part of the world where China has been expanding its presence
