New Delhi: Encouraged by a robust 16.7% growth in industrial output in January, finance minister Pranab Mukherjee on Friday said the economy seemed to be “on the path of fast recovery.” The growth in the index of industrial production was driven by a record 56.2% expansion in capital goods output, while manufacturing in general and mining showed high growth. The steep hike in production of capital ..... MORE >>>

New York: Mexican billionaire Carlos Slim has emerged as the richest person in the world with USD 53.5 billion in assets, while Indian industrialist Mukesh Ambani ranks fourth with USD 29 billion in the US magazine Forbes annual list of world's top billionaires. Slim is followed by William Gates III (popularly known as Bill Gates) with a net worth of USD 53 billion and Warren Buffet at the third s ..... MORE >>>

Singapore: India offers better opportunities for equity investors compared with China as the growth potential is stronger and there are more quality Indian companies to choose from, Franklin Templeton's international chief investment officer said on Wednesday. India offered a larger investment universe of about 5,000 firms whereas foreigners hoping to tap the China growth story are restricted to a ..... MORE >>>

Bhopal: Madhya Pradesh government has a debt of Rs 54,111 crore as on March 31, 2009, which means Rs 8,966 per person in the state according to the 2001 census, Madhya Pradesh Finance Minister Raghavji said in the Assembly. Replying to the Congress's Ram Niwas Rawat, Raghavji said that till March 31, 2004, the state government had a debt of Rs 34,109 crore, while it is Rs 54,111 crore as on March ..... MORE >>>

New Delhi: Delhi is the best Indian city to live in, while steel city Jamshedpur ranks lowest in the Liveability Index 2010 prepared jointly by CII and Institute for Competitiveness. Country's financial capital Mumbai comes second in the list of 37 cities mapped in the list, prepared on parameters like living standard, socio-cultural environment, education, medical standards and recreational possi ..... MORE >>>