Monday, April 27, 2009

NEWS @ 27-04-2009

For recovery by 2010, IMFC has called for restoring the health of banks, revival of lending and restarting global capital flows. All three goals are far from being realized ...

One of the greatest challenges US states face in spending federal stimulus money is funding the burst in bureaucracy that accompanies the funds ...

World stocks tumbled on Monday, after seven weeks of gains, and oil and the euro fell as concerns intensified the spread of swine flu ...

The World Bank and IMF have announced that they will try to complete reforms in the Bank's voting structure by next year, a move which would give emerging economies like China and India a greater say ...

India weathering economic crisis better than others: Montek
Planning Commission deputy chairman Montek Singh Ahluwalia has said India is weathering the severe global economic crisis better than the other economies of the world ...

India has sustained a greater than expected impact from the global economic crisis and has “mixed” growth prospects for now, Reserve Bank of India governor Duvvuri Subbarao said on Saturday ...

RBI is examining surrogate holdings of Indian companies in private sector banks. The move follows a hostile takeover attempt by a leading Mumbai-based real estate company ...

The Reserve Bank of India has been making downward adjustments to some of its critical policy rates since September 2008 to try ...

Shares are likely to trade volatile this truncated week, mainly due to the expiry of the current month futures and options contracts ...

Investors in India will probably be asking themselves in trepidation if moments before dawn are indeed the darkest, as the country's two largest mobile operators ...

Reliance Industries has resumed crude oil production from one well in its east coast deepwater block, the country's upstream regulator said on Monday ...

Reliance Industries, India’s most-valued firm, has got the maximum number of trademarks in the financial year 2007-08 ...

In a few years, households receiving piped gas at home can use a fuel cell unit to produce power and heat, which can also be used to chill homes during summer ...

ICICI’s net profit fell to Rs744 crore in its fiscal fourth quarter ending in March, from Rs1,150 crore reported a year ago ...

We see an improvement in the overall environment,  in terms of business confidence or capacity utilisation. While there are some positive signals, for it to translate into higher demand for loans will take time ...

Despite the 212 million tonne cement industry nearing oversupply, cement manufacturers are betting on the long term perspective and are entering into new markets ...

Steep forex losses, high commodity prices and huge discounts shaved profits of Maruti Suzuki India Ltd, the country’s largest carmaker ...

If the Centre and the state governments want to provide quality healthcare at an affordable cost to those living below poverty line in the semi urban and rural areas across the country ...

India’s biggest pharmaceutical company by revenue, Ranbaxy, has pared its operations in Europe, where it had been forced to cut product prices to cope with intense competition a ...

ArcelorMittal is likely to have to make permanent cuts of up to 10 per cent in its steelmaking capacity as the industry reels from the impact of the worst global recession in decades, industry observers have warned ...

The Indian IT services sector may see up to five per cent layoffs - amounting to more than one lakh job cuts - over the next six months as companies focus more on cost-cutting ...

Even as India reacted strongly against the proposed changes in the US visa regime, trade experts said the country could do little in multilateral forums like the World Trade Organization ...

As part of cost-cutting measures, India’s largest outsourcing firm Tata Consultancy Services (TCS) on Sunday said that it will relocate staff abroad into India.

The compensation committee of the company's board has approved the stock option of 45,000 shares at an exercise price of Rs 340 per share, Tech Mahindra said in a filing to the Bombay Stock Exchange ...

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