GDP,which is estimated to grow at its slowest in 6 yrs,needs more stimulus to sustain growth.
Nissan Motor Co said on Monday it would lay off 20,000 workers worldwide from April 1.
Public-sector Oil and Natural Gas Corporation (ONGC),engaged in exploration activities along the Cauvery basin,has achieved an all-time high oil and gas production up to December in the current fiscal.
Country's top 10 companies managed to get away with just Rs 215 crore losses.
Country's largest commercial vehicles maker Tata Motors is hiring over 1,650 temporary workers.
German air carrier Lufthansa sacked 17 employees and announced closure of its offices in four cities.
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.