Markets became jittery over the Spanish government's take-over at the weekend of regional savings bank Cajasur, which raised speculation that more unhealthy financial institutions may have to be bailed out to prevent a meltdown of the country's banking system.

The exports in the opening month of the current fiscal expanded by 95 per cent. In April 2009, the shipments were valued at $1.31 billion.

Dubai World's financial indebtedness would come down to around $14.4 billion.

This is below the projections by the analysts who saw an over 5 per cent jump in the GDP.

Indian information technology and business process outsourcing (BPO) sectors may get almost $10 billion from Germany, Switzerland and Austria by 2020, up from the $2.6 billion they earn from this region across the IT, BPO and engineering services space, against the addressable market size of more than $53 billion.

Sibal's statement is significant in the light of the fact that the Foreign Education Institutions (Regulation of Entry and Operations) Bill, 2010, was tabled in the Lok Sabha two weeks back.

All the sectoral indices, led by oil and gas, metals realty and banking, were trading in the negative zone.

Reserve Bank of India Governor D Subbarao has said India, being a current account-deficit country, is more vulnerable to sudden reversals in capital flows and short-term overseas portfolio money than nations which have a current account surplus.

For the 2009-10 fiscal, Pranab said, he expects the economy to grow by 7.2 per cent.

International rating agency Fitch Ratings has pegged India's economic growth at 8 per cent for this fiscal, up from an estimated 7.2 per cent in the 2009-10 period.

The Tories and Liberal Democrats edged closer to a deal on coalition formation that might result in Conservative Party leader David Cameron enter Downing Street, even as reports emerged that United Kingdom Premier Gordon Brown had launched a last-minute bid to woo kingmaker Nick Clegg. Cameron appeared confident of winning Lib Dem leader Clegg's support after continued negotiations on Sunday night for a belt-tightening economic plan.

The unemployment rate stood at 9.7 per cent in March.

The government on Wednesday relaxed its policy for IT SEZs and allowed the employees to carry out their duties even from home.

Public sector units, which saw a reduction in their head count in 2008-09 due to voluntary retirement schemes, have started hiring again and may return to the 2007-08 level of 15.66 lakh (1.566 million) employees this fiscal, a senior official said.

Analysts were anticipating the economy to clock a growth of around 3.2 per cent in the first quarter of 2010.

Mitsubishi Motors, Japan's fourth largest carmaker, is looking to grab a slice of the 1.2 million per year Indian small car market and is mulling the launch of a compact family hatchback over the next three to four years.

The British economy expanded just 0.2 per cent in the first three months of 2010, lower than the growth rate in the December quarter, indicating the recovery is on a shaky ground.

Any assessment of Goldman Sachs' alleged "fraud" is likely to run into two problems. First, the armada of jargon that surrounds the financial derivatives market could mean that the essence of the case is lost in translation, leaving the non-specialist bewildered as to the exact nature of the Wall Street giant's alleged perfidy.

Led by state-owned LIC, new business for the life insurance industry recorded a growth of 25 per cent during 2009-10, overcoming the decline witnessed a year ago on account of the global financial meltdown.

After delaying liberalisation for foreign banks by over a year due to global financial meltdown, the Reserve Bank on Tuesday decided to review its position by September this year in the wake of improving conditions worldwide.

The Reserve Bank on Tuesday said it would come out with norms on salaries of CEOs of private and foreign banks by June end, in a move reminscent of the US seeking to control pay of Wall Street executives.

He, however, also felt that inflation has peaked and would begin falling and be lower than the 5.5 per cent projected by RBI for this fiscal.

RBI said monetary management in the current fiscal will be dominated by the challenge of moderating inflation and anchoring inflation expectations, while remaining supportive of growth impulses.

PepsiCo CEO Indra Nooyi and hollywood director James Cameron have made it to the list of visionaries by Fortune as they are seen to lead their industries in the future.

The remittances increased from $26.37 billion duringthe same period in the previous year, as India provided much better returns.

According to the US treasury department, India has slashed its holdings to $31.6 billion in February, while it was at $32.7 billion in January.

Reaffirming the central role of the Group of 20 member nations in combatting and neutralising the impact of the global fiscal crisis, leaders of Brazil, Russia, India and China (BRIC) on Thursday said the grouping is the right forum for resolving the crisis.

The Chinese economy recorded a stellar growth of 11.9 per cent in the first three months of 2010, marginally higher than projected.

In signs that the country's growth is on track, the economic activity across the country improved in recent months, according to the US Federal Reserve.

In view of India's faster industrial growth and improved business confidence, UK-based Standard Chartered Bank (SCB) on Tuesday revised upwards its forecast for the country's economic growth to 8.1 per cent for the current fiscal.

Major American banks, including Citigroup and Goldman Sachs, temporarily lowered their debt in the past five quarters before reporting it to the public in order to mask risk levels, says a media report.

India is in the cusp of a reverse brain drain as the country's great minds are flocking back to the resilient economy that has withstood the global meltdown, Salman Khurshid, minister of state for corporate and minority affairs, has said.

In his address at the Reserve Bank of India's platinum jubilee celebrations in Mumbai, the prime minister said banks needed to provide instruments to Indian companies to help them manage their foreign currency risks.

The markets were expecting the government to borrow around Rs 3 lakh crore (Rs 3 trillion) during April-September 2010, out of total Rs 4.57 lakh crore (Rs 4.57 trillion) pegged for the entire fiscal.

The domestic auto industry is set to hit an all-time high sales figure of 12.2 million units in 2009-10, surpassing the previous sales record of 10.1 million units in 2006-07.

The US economy expanded at the fastest rate in six years, a growth of 5.6 per cent in the last three months of 2009, helped by increased private inventory and business investments.

Battered by the financial meltdown, which turned worse in late 2008, the American economy has seen millions of jobs losses.

The fiscal crisis brought about an increased burden on monetary policy and different countries met it in different ways.

The wealthiest have the lowest level of giving at 1.6 % of household income.

The United States government appointed pay czar will review the executive compensation packages at 419 bailed out companies including Goldman Sachs and JP Morgan Chase.