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Double-digit unemployment looms: OECD

March 30, 2009 10:39:24 am

By the end of 2010 the unemployment rate could be approaching double digit figures in all G8 countries.

Fiat,Chrysler await govt terms to close deal

March 30, 2009 10:38:08 am

The development comes before Obama is expected to make an announcement on auto industry aid.

SBI hints at rate cuts in next financial year

March 29, 2009 7:18:00 pm

SBI on Saturday hinted at further interest rate cuts in the new financial year.

Investor wealth swells by Rs 7 trillion

March 29, 2009 4:11:48 pm

The rally in the stock market has added a whopping Rs 2.51 trillion to investors' wealth last week.

Top execs at many US cos take home $1 salary

March 29, 2009 3:03:23 pm

With the economic turmoil straining their financials,top executives of many American corporates,including Citigroup chief Vikram Pandit and AIG's Edward Liddy,are opting for just USD 1 salary.

Deflation not a threat to India: Bankers

March 29, 2009 2:15:21 pm

Bankers have sought to allay fears that the country may be in the deflation mode.

Top 10 cos add Rs 91k cr in a week

March 29, 2009 2:04:24 pm

Country's 10 most valued firms added over Rs 91,000 crore to their market capitalisation last week.

Tata group stocks outshine Sensex

March 29, 2009 1:57:18 pm

Leading Tata group firms,including Tata Motors and Tata Steel,outperformed Sensex in March.

India Inc stops new recruitments: Assocham

March 29, 2009 1:51:14 pm

Indian corporates have virtually stopped fresh recruitments to cut costs in the wake of global crisis.

Nearly five lakh students to appear for IITs

March 29, 2009 1:44:23 pm

The number of aspirants for studying at the prestigious IITs has gone up by nearly two lakh this year.

UBI signs pact with Tata Motors

March 28, 2009 5:43:59 pm

United Bank of India (UBI) signed an agreement with Tata Motors for financing the Rs-one lakh Nano car.

HPCL ups Iran crude imports: Sources

March 28, 2009 5:22:04 pm

India's Hindustan Petroleum Corp has tripled an annual crude import deal with Iran for 2009/10.

PM sees scope for interest rate cuts

March 28, 2009 5:05:58 pm

Prime Minister said plenty of liquidity and low inflation gave room for further interest rate cuts.

India needs more stimulus: Montek

March 28, 2009 2:25:42 pm

The Indian economy needs more stimulus to counter the impact of global economic slowdown.

OBC to slash PLR by 50 bps from next month

March 27, 2009 3:07:01 pm

Oriental Bank of Commerce said it will reduce its benchmark prime lending rate by 50 basis points to 12 per cent,with effect from April 1.

Not much scope to slash lending rates now: PNB

March 27, 2009 2:35:22 pm

Punjab National Bank,the country's second largest state-run lender,said there is no further scope for the banks to slash their lending rates.

India to beat IMF projection of 5.1 pct growth

March 27, 2009 1:50:17 pm

Bolstered by "hopeful signs" in certain sectors,the government said India will beat the IMF projection of 5.1 per cent growth in 2009.

Growth to be around 6.5 pct: Montek

March 27, 2009 1:46:47 pm

India is likely to grow at 6.5 per cent or above in the current fiscal and in 2009-10.

Govt,RBI working to revive growth: Official

March 27, 2009 1:45:19 pm

The government expects growth in the Indian economy to slow to 7.1 per cent in 2008/09.

Feb infrastructure output up 2.2 pct

March 27, 2009 12:31:36 pm

Output rose an 7.0 per cent in February 2008,and in the 2007/08 fiscal year it rose 5.6 per cent.

Google to cut 200 sales,marketing jobs

March 27, 2009 10:02:52 am

Google is cutting its sales and marketing team by roughly 200 employees,saying it had over-invested in certain parts of the company.

Hyundai and Bank of India enter into MOU for car loans

March 27, 2009 9:22:50 am

HMIL in a bid to enhance financing options for its customers,signed a Memorandum of Understanding (MOU) with Bank of India.

BHEL bags Most Investor Friendly PSU Award

March 26, 2009 2:10:11 pm

State-run power equipment maker BHEL has been adjudged the most investor friendly PSU.

Daimler-Hero JV to see minor ‘tweaking’

March 26, 2009 2:08:46 pm

Hero Group said there could be some 'tweaking' in its JV with Daimler due to economic downturn.

Allahabad Bank closes perpetual bond sale

March 26, 2009 10:36:25 am

Allahabad Bank closed its sale of perpetual bonds earlier than scheduled after collecting extra bids,the bank said on Thursday.

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