ADB said that the impact of global financial meltdown will be much more on China than India.
The International Monetary Fund may be out of resources in the next 6-8 months its Managing Director warned.
The scam-hit Satyam Computer founder B Ramalinga Raju,brother Rama Raju and ex-CFO Srinivas are in "protective custody",former Securities and Exchange Board of India (SEBI) Chief M Damodaran said.
BIG Entertainment,the media vertical of Reliance Anil Dhirubhai Ambani Group,announced the launch of its movie and entertainment marketing division,BIG Boom.
State-owned Hindustan Petroleum Corp Ltd (HPCL) will triple crude oil import from Iran while reducing supplies from Iraq next fiscal.
American firms shed nearly six lakhs jobs last month as the unemployment rate in US surged an all time high in 16 years.
Fearing further moderation in economic growth in the next fiscal,the Government on Friday said it would take more steps to boost the labour-intensive sectors.
World number two truck maker Volvo slipped to a surprise operating loss in the fourth quarter.
Oil fell below $41 a barrel on Friday,reversing some of the previous day's as the focus turned from a stock market rally to bleak economic news.
Panasonic warned it would post an annual loss of $4.2 billion and said it would cut 15,000 jobs.
The median forecast of 15 analysts was for a 5.21 per cent rise in the wholesale price index.
US auto sales plunged to a 27-year low in January,a steeper-than-expected drop.
Employees of Satyam Computer in India will be paid their February salaries by the month-end.
The SEC team will meet SEBI officials to update itself about developments regarding Satyam.
The Indian economy will grow in excess of 7 percent in the current fiscal year,Trade Minister Kamal Nath said.
Morgan Stanley plans to cut about 3 pct to 4 pct of its work force,or up to 1,880 people.
Lehman Brothers has surprisingly become the hottest place for job seekers on Wall Street.
Honda Motorcycle & Scooter India (HMSI) reported 22 per cent increase in two-wheeler sales during January.
No-frills carrier Spicejet on Monday said its standalone net loss for the quarter ended December 31,2008,stood at Rs 17.9 crore.
The chief of India's top lender,State Bank of India,expects interest rates to fall in the short term.
Bucking 3 months of decline in sales,Maruti Suzuki reported 5.39 pct rise in its Jan sales.
RCom started its GSM mobile operations in Delhi,offering lifetime validity to subscribers at just Rs 49.
The total valuation of Indian shares trading on American bourses plunged seven billion dollars in January.
Domestic bourses are likely to remain volatile this week tracking weak global cues amid developed countries.
Keeping up pressure on the Wall Street companies to behave in a responsible manner amid the economic turmoil,President Barack Obama said Americans would not tolerate their greed and asserted that his administration would ensure that CEOs do not drain funds.
Liquidity injected by the Indian Government and the central bank has not reached the cash-starved industry.
Aviation turbine fuel (ATF) prices were cut by about 4 per cent to bring them around April 2005 levels.
A US-based law firm,in its recent report,has pointed out that demand for global outsourcing will take a backseat.
In a decisive meeting,the planning commission chairman,Montek Singh Ahluwalia will hold discussion with transport secretaries of all states on Saturday morning to look for a solution to serious fund shortage.
The Government is likely to do some serious talking with the states in a meeting currently underway in Delhi and emphasise on the implementation of the stimulus packages to neutralise the effects of the global downturn on the Indian economy.
Heavy equipment maker Caterpillar Inc announced 2,110 new job cuts today as it scales back production to match lower demand in a slowing global economy.
Maytas Infra,promoted by the family of disgraced Satyam founder B Ramalinga Raju,said its board has appointed B Narasimha Rao as an additional director.
Heavy buying by domestic funds lifted the Sensex by 8.64 per cent during the shortened week under review.
Tata Motors Ltd,India's top vehicle maker,missed forecasts with a 2.63 billion rupee ($54 million) loss.
Tata Motors Ltd,India's top vehicle maker,missed forecasts with a 2.63 billion rupee ($54 million) loss for the Dec quarter.
Thirty eight percent of recruiters anticipated new jobs to be added in 2009 while 9.5 percent predicted layoffs.