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Wednesday, December 08, 2021

Raju,bro in protective custody: Damodaran

February 7, 2009 3:08:48 pm

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.

Reliance ADAG launches movie marketing division

February 7, 2009 2:01:07 pm

BIG Entertainment,the media vertical of Reliance Anil Dhirubhai Ambani Group,announced the launch of its movie and entertainment marketing division,BIG Boom.

HPCL to triple crude oil import from Iran

February 7, 2009 1:56:31 pm

State-owned Hindustan Petroleum Corp Ltd (HPCL) will triple crude oil import from Iran while reducing supplies from Iraq next fiscal.

US unemployment rate hits 7.6%

February 7, 2009 1:42:25 pm

American firms shed nearly six lakhs jobs last month as the unemployment rate in US surged an all time high in 16 years.

Steps to boost labour-intensive sector: Pranab

February 6, 2009 1:06:38 pm

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.

Volvo posts $120 mn Q4 loss

February 6, 2009 12:42:18 pm

World number two truck maker Volvo slipped to a surprise operating loss in the fourth quarter.

Oil falls below $41 per barrel

February 6, 2009 11:39:26 am

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 to axe 15,000 jobs

February 4, 2009 1:02:33 pm

Panasonic warned it would post an annual loss of $4.2 billion and said it would cut 15,000 jobs.

Inflation seen at 5.21 pct on Jan 24

February 4, 2009 1:00:55 pm

The median forecast of 15 analysts was for a 5.21 per cent rise in the wholesale price index.

US auto sales hit 27-year low

February 4, 2009 11:13:02 am

US auto sales plunged to a 27-year low in January,a steeper-than-expected drop.

Satyam overseas Feb salary in 2 parts

February 3, 2009 6:09:48 pm

Employees of Satyam Computer in India will be paid their February salaries by the month-end.

US SEC to visit SEBI,Satyam Board

February 3, 2009 4:51:47 pm

The SEC team will meet SEBI officials to update itself about developments regarding Satyam.

India to grow in excess of 7%: Nath

February 3, 2009 4:01:03 pm

The Indian economy will grow in excess of 7 percent in the current fiscal year,Trade Minister Kamal Nath said.

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.