Thursday, May 8, 2008

IMF to boost transparency of sovereign wealth funds

TOP NEWS
IMF to boost transparency of sovereign wealth funds
The International Monetary Fund has announced that it would adopt measures to boost the transparency of sovereign wealth funds (SWFs) in view of their increasing financial influence.
U.S. government picks growth over inflation, dollar fears
The U.S. has made every effort since the start of 2008 to keep the world's largest economy out of recession.
All Gujarat villages now connected to the net by broadbandBihar to set up FM radio stations in schools

TECHNOLOGY NEWS
Special IT regions on the anvil
With infrastructure in metro cities already overloaded, the central government proposes to develop new information technology investment regions with world-class infrastructure.
Battery driven autos, cars with Australian knowhow
Australia-based Farnow Technologies has tied up with Gujarat's FieldMarshal group to invest nearly Rs.10 billion ($250 million) for assembling battery-powered three-wheel rickshaws and cars in India.
Search for clean water leads to tech innovationsAmazing super 3-D camera to revolutionise photography

BUSINESS NEWS
New Hyderabad airport opens, but with initial glitches
The new Rajiv Gandhi International Airport at Shamshabad near here began its commercial operations early Sunday when a Lufthansa flight arrived.
Small industries hold key to industrial progress: Ahluwalia
Deputy chairman of the Planning Commission of India Montek Singh Ahluwalia has said small and medium enterprises (SME) hold the key to the country's industrial progress.
Tata to seal Jaguar, Land Rover deal WednesdayBangalore gets Rs.8 Mn for vehicle-tracking project

VENTURE NEWS
Aptech to float joint venture with Chinese partner
Global learning solutions major Aptech is all set to float a new joint venture (JV) company with its Chinese partner.
SAIL to enter Kerala through joint venture
The ailing Kerala government-owned Steel Complex (SCL) will be managed by public sector behemoth Steel Authority of India (SAIL) as a joint venture project.

OTHER NEWS
Cheap and clean fuel in plenty by 2048: Arthur Clarke
Sir Arthur C. Clarke, the renowned British science fiction writer and visionary who died here Wednesday, had predicted that cheap and clean fuel might be available in plenty by 2048.
Indian American lawyer sues TV serial producers for libel
An Indian American lawyer who claims he was defamed by an episode of popular crime drama "Law & Order" can press on with his $15 million libel suit against the TV show's producers, a U.S. judge has ruled.
Sky high! Private jets taking off in IndiaICICI Bank to attract remittances from Yorkshire

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