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Briefly Business: Fitch poised to cut UKs AAA rating

Fitch poised to cut UKs AAA rating

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Fitch poised to cut UKs AAA rating

LONDON/NEW YORK: Britain looked poised to lose its AAA rating from a second ratings agency after Fitch Ratings warned it was likely to downgrade the country in the coming weeks,citing high government debt and weak growth. reuters

India is not my top priority: Mittal

Ahmedabad: Unhappy over delay in getting clearances for his projects,the world8217;s largest steelmaker LN Mittal said India was not his top priority for investment. Mittal was speaking on the sidelines of convocation of IIM-A,where he was the chief guest. pTI

India needs to create 15 mn jobs annually: Pitroda

New Delhi: India needs to create 15 million jobs every year,National Innovation Council Chairman Sam Pitroda said at a Ficci event. He added the country needs to focus on the bottom of the pyramid. pti

China economy to be largest by 2016

Beijing: China is on course to become the worlds largest economy around 2016,a survey by the Organisation for Economic Cooperation and Development OECD has forecast. At present,China is the second largest economy. reuters

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