Govt accepts meeting fiscal targets tough; corporate India up in arms

Confused and intimidated by the amount of news hurtling at you everyday? Well, to make your life easier, here’s a quick round-up of the major local and international business and economic news events.

Brokerages and multinational banks might be cutting jobs in India, but there are still quite a few sectors that are poised to keep hiring through the next quarter, according to The Economic Times. The big question is, for how long? Read on .

Corporate India has suddenly woken up to the lack of reforms by the UPA government. The farce over the retail FDI issue has all corporate bodies up in arms on the lack of political will on reforms. But well, the corporate India should also share the blame with the government for the mess India is in. Here is why .

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Would a euro zone crash be good for India? The answer is, of course, no: any crash in the euro zone will have a negative fallout for India in the short term. But consider the opposite possibility. We tell you why the slowdown could be actually good for us.

The government said on Friday that meeting its fiscal targets would be a challenge in a slowing domestic economy and uncertain global environment. In a mid-year economic review presented in Parliament, the government said the economy is expected to grow around 7.5 percent, sharply lower than the original estimate of 9 percent. Here is the story .

Europe was divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain isolated. here are the details .

Now that we reach the fag end of 2011, Firstpost takes a look at the stocks that have done really well, outperformed the Sensex and also those that have been doing badly. No prize for guessing though who have bagged the top positions. Find out .

With a falling rupee and a slowing global economy, several opinions have been expressed about India’s IT sector. Bank of America Merrill Lynch is now cautious about the sector’s outlook. Though it still maintains a ‘buy’ rating on IT stocks, the only exception is the bellwether stock Infosys where it has slashed its guidance to Neutral. Here is why .

Indian companies mopped up barely $1.14 billion through initial public offers till November this year, around an 89 percent plunge over last year, according to Ernst & Young. During January-November, Indian firms raised $1.14 billion, compared to $10.75 billion garnered in 2010. Here is why .

Delhi Metro is not happy with the Airport Metro Express corridor and wants its operator Reliance Infrastructure to improve train speed, frequency and various other aspects within four months, failing which the operations will be taken over. Here is the story .

Kingfisher Airlines and Air India have had their bank accounts frozen as the two airlines have failed to depositservice tax payments, according to media reports on Thursday. Media reports also say that the the service tax department has issued three show-cause notices to Jet Airways for not paying taxes. Reacting to the news, shares of Kingfisher plunged 6 percent to Rs 23.60 while those of Jet Airways were down 5 percent at Rs 238.50 in early trade today. Here is more .