Thursday, March 19, 2009

NEWS @ 19-03-2009

Fed adds $1.15 trillion to spark economic recovery
The Federal Reserve ramped up its battle against the economic crisis on Wednesday, announcing plans to pump another $1.15 trillion into ...

The Fed Breaks Out the Heavy Artillery
With rate cuts no longer an option, Bernanke & Co. launch a massive plan to buy up mortgage-backed securities, agency debt, and Treasuries to boost the economy and the markets ...

And There Goes the Dollar
The flood of US dollars seems to be coming, as well as inflation. The Federal Reserve started buying massive amounts of Treasuries and is gearing up its purchases of mortgage debt ...

Fund Managers Slowly Gaining in Confidence
Global fund managers, who have been in “a very, very recessionary mindset” for the past several months, appear to be regaining confidence in the world economy ...

Japan eyes jobs package as business outlook slides
Japan plans a 1.5 trillion yen ($15.6 billion) jobs package, the labour minister said on Thursdayas a new survey showed manufacturer sentiment falling to a record low ...

Indian holdings in US treasuries soar to $32.5 b
India’s holdings of the US Government securities rose by $17.9 billion on a year-on-year basis despite a sharp contraction in foreign exchange reserves ...

'High fiscal deficit, biggest risk to India'
The Indian rupee is likely to fall further, but its depreciation will not be of the kind witnessed by Asian currencies during the 1997-98 crisis. ...

Indian inflation at historic low
Inflation in India has fallen to its lowest rate in at least 14 years as the global economic slump hits demand...

Inflation gives room for stimulus - Ahluwalia
India's low inflation rate will enable policy makers to take more steps to stimulate a slowing economy, Planning Commission deputy chairman Montek Singh Ahluwalia said on Thursday ...

Cabinet secy says no sign of deflation

There are no signs of deflation in the Indian economy, the country's top bureaucrat said on Thursday, pointing to a revival in sectors catering to domestic demand ...

Banks quick to cut deposit rates, but not lending rates
THE rapid fire rate cuts announced by RBI have only been partially transmitted to the economy. This is evident from the fact that although RBI ...

Reliance sees start of secondary units at refinery
Reliance Industries will commission all secondary units of its new refinery in a few weeks and expects to reach full capacity of 580,000 barrels per day by September ...

TTML, RComm revamp wireless broadband offering
Major CDMA players like Reliance Communications (Rcomm) and Teleservices Maharashtra Ltd (TTML) ready to offer Internet services at a speed of up to 3.1 Mbps ...

Smooth Sailing: Infosys rides high on efficiency as rivals buckle
At a time when domestic and multinational rivals are struggling to maintain profitability because of pricing pressures ...

BEML to sell French firm’s tunnel boring machines
BEML Ltd, a mini-ratna public sector company, has signed a memorandum of agreement (MoA) with NFM Technologies, France, for the manufacture of tunnel boring machines (TBMs) in India ...

Biocon wins BioSingapore Asia Pacific Technology Award
Biotechnology major Biocon has bagged the 2009 BioSingapore Asia Pacific Biotechnology Award for being the Best Listed Company ...

Power-packed agenda
Since its inception 17 years back, POWER GRID's transmission assets have grown multifold from a mere 22,000 circuit kilometers (ckm) to over 70,000 ckm currently ...

India Emerges as Drug Testing Hub
In an indication of India’s growing importance as a clinical trial destination, multinational pharmaceutical firms are queuing up for approvals to test their new drugs here ...

Suzlon mulls fund raising; exploring PE
Windpower major Suzlon Energy today said it is exploring ways to raise finance, including private equity placement, for funding its operations and growth plans ...

Darjeeling Tea industry hit by drought
Severe drought conditions have adversely affected Darjeeling's tea industry, which was earlier hit by an ongoing struggle for autonomy in the region ...

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