Briefly Business: Rising purchasing power driving growth: OECD

Rising purchasing power driving growth: OECD

Written by Agencies | Published:October 17, 2012 1:18 am

Rising purchasing power driving growth: OECD

New Delhi: India’s economic growth is driven by purchasing power of the people and less by external factors,said Angel Gurria,Secretary General,OECD.

3 retail FDI proposals on FIPB agenda

NEW DELHi: Investment proposals by US clothing retailer Brooks Brothers and Italian jeweller Damiani will be taken up by the finance ministry on Friday.

EXL buys Landacorp for $38 million

NEW DELHi: Nasdaq-listed BPO firm EXL Service Holdings has acquired healthcare solutions firm Landacorp for $38 million.

KFA management convenes meeting

NEW DELHi: The management of Kingfisher Airlines has called a meeting with striking employees on Wednesday to convince them to return to work.

GM increases stake in Indian arm to 93%

NEW DELHi: US auto major General Motors has increased stake in its Indian operations to 93 per cent by buying 43 per cent from its Chinese partner SAIC Group for an undisclosed sum.

Unitech to withdraw petition from CLB

NEW DELHi: Unitech on Tuesday applied to the Company Law Board (CLB) for withdrawing its petition against Telenor after settling disputes with its partner.

Foreign fund houses sell Yes Bank shares

Mumbai: Foreign fund houses CLSA and Credit Suisse on Tuesday sold Yes Bank shares worth Rs 429 crore through the open market route.

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