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Morgan Stanley plans up to 4 pct job cuts

February 3, 2009 10:41:21 am

Morgan Stanley plans to cut about 3 pct to 4 pct of its work force,or up to 1,880 people.

Lehman Bros hiring a major way: Report

February 2, 2009 4:54:47 pm

Lehman Brothers has surprisingly become the hottest place for job seekers on Wall Street.

HMSI two-wheeler Jan sales up 22 pct

February 2, 2009 1:13:37 pm

Honda Motorcycle & Scooter India (HMSI) reported 22 per cent increase in two-wheeler sales during January.

Spicejet net loss at Rs 17.9 cr for Q3

February 2, 2009 1:12:32 pm

No-frills carrier Spicejet on Monday said its standalone net loss for the quarter ended December 31,2008,stood at Rs 17.9 crore.

Interest rates to fall in short term: SBI

February 2, 2009 11:38:33 am

The chief of India's top lender,State Bank of India,expects interest rates to fall in the short term.

Maruti Suzuki Jan sales up by 5.39 pct

February 2, 2009 11:27:35 am

Bucking 3 months of decline in sales,Maruti Suzuki reported 5.39 pct rise in its Jan sales.

RCom starts GSM services in Delhi

February 1, 2009 7:03:14 pm

RCom started its GSM mobile operations in Delhi,offering lifetime validity to subscribers at just Rs 49.

Indian ADRs shed $7 bn in Jan

February 1, 2009 2:12:37 pm

The total valuation of Indian shares trading on American bourses plunged seven billion dollars in January.

D-Street may remain volatile: Analysts

February 1, 2009 2:02:25 pm

Domestic bourses are likely to remain volatile this week tracking weak global cues amid developed countries.

Would not tolerate Wall Street ‘greed’: Obama

January 31, 2009 5:36:33 pm

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.

Bank funds not reaching industry: Nath

January 31, 2009 5:34:49 pm

Liquidity injected by the Indian Government and the central bank has not reached the cash-starved industry.

ATF prices cut by 4 per cent

January 31, 2009 4:52:59 pm

Aviation turbine fuel (ATF) prices were cut by about 4 per cent to bring them around April 2005 levels.

Global outsourcing to take back seat

January 31, 2009 4:41:07 pm

A US-based law firm,in its recent report,has pointed out that demand for global outsourcing will take a backseat.

Fund shortage: Montek to meet transport secys of all states

January 31, 2009 4:09:20 pm

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.

Railways to seek 50% cost of projects from states

January 31, 2009 4:09:01 pm

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.

Caterpillar to cut another 2,110 jobs

January 31, 2009 3:05:02 pm

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 reviews ‘developments’

January 31, 2009 2:51:54 pm

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.