Brazil slashes growth forecast to 2% for 2012

   Sep 14, 4:36 pm

London, Sep 14 (ANI): Brazil has cut its growth forecast for this year as the global downturn hits exports and rising local debt levels weigh on consumption, according to a report.

The country will grow 2% this year, down from its previous forecast of 3%, Finance Minister Guido Mantega predicted, signaling that it would be the weakest annual performance since 2009 and a sharp slowdown from growth of 7.5% in 2010, the BBC reports.

Brazil became the world's sixth-largest economy this year, overtaking the UK after the nation's economy grew 2.7% last year, official figures showed.

President Dilma Rousseff recently launched the first in a series of measures that could inject up to 50 billion dollars into the economy over the next five years, the report said.

The plan included privatising about 14,000km of railways and roads, followed by selling ports and lowering energy costs, it added. (ANI)

Intel to set up 100 Internet of Things (IoT) centres in India Oct 9, 12:58 pm
New Delhi, Oct 9 (ANI): Intel plans to set up 100 Internet of Things (IoT) centres as academic institutions across India. These centres are meant for students, educators and do-it-yourself electronic enthusiasts and will be supported by Intel Galileo boards to help build product prototypes.
Full Story
Flipkart attracts customers by sending postcards for 'Big Billion Day' sale Oct 9, 12:58 pm
New Delhi, Oct 9 (ANI): With the 'Big Billion Day' sale round the week, Flipkart has adopted a new strategy to attract more customers. It has sent over half-a-million mail postcards to its users for making the company's ambitious sale a success.
Full Story
iPhone 6s and 6s Plus to cost much higher in India Oct 9, 12:07 pm
New Delhi, Oct 9 (ANI): Apple's much-awaited iPhone 6s and iPhone 6s Plus will cost Rs. 62,000 for the lowest storage variant and as much as Rs. 92,000 for the top end model, distributors said.
Full Story
Patanjali to enter big retail with Future Group tie up Oct 9, 10:48 am
New Delhi, Oct 9 (ANI): Indian private conglomerate, Future Group is all set to announce a tie-up with Baba Ramdev's Patanjali. Offering products in various categories such as medicine, food items and cosmetics, the company will get exclusive right to sell products in Future outlets like Nilgiris, Food Bazaar, Food Hall and Big Bazaar.
Full Story