Business News
ReutersApr 1, 2009
World economy may shrink up to 1 pct: IMF Subscriber Only
The IMF sees the world economy contracting by between 0.5 per cent and 1 per cent in 2009.
ReutersApr 1, 2009
GMR eyes Southeast Asia energy deals Subscriber Only
GMR Infrastructure has hired a former Temasek official to head a new office in Singapore.
ReutersApr 1, 2009
TVS Motor March two-wheeler sales up 4.2 pct Subscriber Only
TVS Motor said on Wednesday its total two wheeler sales in March stood at 121,988 units.
AgenciesMar 31, 2009
US to enter 17th month of recession in April Subscriber Only
US govt's mega bailout packages seem to have failed to steer the US out of the downturn.
AgenciesMar 31, 2009
Settle it over pillow-fight: Time to Ambani bros Subscriber Only
Time has advised Mukesh Ambani to settle his spat with younger sibling Anil over a 'pillow fight'.
ReutersMar 31, 2009
World Bank to create $50 bn trade fund Subscriber Only
World Bank President Robert Zoellick announced a $50 billion global trade liquidity program.
AgenciesMar 31, 2009
Nepal’s inflation soars to 13.7 pct Subscriber Only
Inflation in Nepal is showing no signs of easing even though the index touched a 30-yr low in India.
AgenciesMar 31, 2009
Nokia Siemens Networks opens new Global Network Solutions Center Subscriber Only
Nokia Siemens Networks inaugurated a new Global Network Solutions Center (GNSC).
AgenciesMar 31, 2009
Apply laws for PSU banks to pvt banks also: Sleuths Subscriber Only
The idea was mooted during a meeting of officials of the Central Vigilance Commission,the CBI and other security agencies recently,official sources said.
AgenciesMar 31, 2009
Oil spikes to 48.96 dollars a barrel Subscriber Only
Crude oil prices rose to $48.96 in Asian trade on Tuesday but remained below 50 dollars a barrel.
AgenciesMar 31, 2009
SIDBI looking at $700-900 mn foreign borrowing Subscriber Only
The Small Industries Development Bank of India (SIDBI) on Tuesday said it is looking at foreign borrowings to the tune of USD 700-900 million for the next fiscal year.
AgenciesMar 31, 2009
Rupee appreciates to 51 against dollar Subscriber Only
Rupee appreciated by 18 paise against dollar on Tuesday on expectations of fresh capital inflows.
ReutersMar 30, 2009
Growth above 8 pct sustainable: RBI Subscriber Only
RBI expects the growth rate to bounce back above 8% once the current global turmoil passes.
ReutersMar 30, 2009
Finance reform delayed by crisis: RBI Subscriber Only
The report said once the current turmoil had passed,fiscal discipline needed to be reasserted.
AgenciesMar 30, 2009
OBC likely to cut deposit rates by 50 bps Subscriber Only
Public sector lender Oriental Bank of Commerce may cut interest rates for deposits of one year by 50 basis points on Tuesday.
Associated PressMar 30, 2009
Obama withholds bailout funds for automakers Subscriber Only
The White House says neither GM nor Chrysler submitted acceptable plans for more bailout money.
AgenciesMar 30, 2009
AI launches flights to NY,Chicago via Frankfurt Subscriber Only
Air India launched two daily flights from Mumbai and Delhi to New York and Chicago.
AgenciesMar 30, 2009
L&T bags Rs 345-cr order from NPCIL Subscriber Only
L&T has received an order worth Rs 345 cr from NPCIL for manufacturing steam generators.
ReutersMar 30, 2009
Cadila,Eli Lilly in drug development deal Subscriber Only
Cadila Healthcare has signed a collaborative drug discovery and development deal with Eli Lilly.
AgenciesMar 30, 2009
RIL shuts down oil production at KG-D6 for 45 days Subscriber Only
RIL has once again shut down crude oil production at its predominantly gas-rich KG-D6 block to hook up more wells.
ReutersMar 30, 2009
Bankers bonuses ‘not acceptable’: Obama Subscriber Only
Obama said bonuses are not acceptable while Americans struggle to meet basic expenses.
ReutersMar 30, 2009
More job cuts seen at UBS: Report Subscriber Only
UBS would also slash another 8,000 jobs,the report said,including some private banking staff.
ReutersMar 30, 2009
Double-digit unemployment looms: OECD Subscriber Only
By the end of 2010 the unemployment rate could be approaching double digit figures in all G8 countries.
ReutersMar 30, 2009
Fiat,Chrysler await govt terms to close deal Subscriber Only
The development comes before Obama is expected to make an announcement on auto industry aid.
AgenciesMar 29, 2009
SBI hints at rate cuts in next financial year Subscriber Only
SBI on Saturday hinted at further interest rate cuts in the new financial year.
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