Thursday, May 21, 2009

NEWS @ 21-05-2009

European surveys point to easing recession

The recession afflicting the 16 nations that use the euro eased further in May, closely watched surveys found Thursday, reinforcing hopes ...


The US Federal Reserve says it is seeing "tentative evidence" the US recession is easing despite cutting its economic growth forecast ...

The monsoon has set in over the entire Andaman Sea and part of south Bay of Bengal, the first entry point to Indian territorial waters, right on schedule today ...

Government bonds are trading largely unchanged from their previous close on a day when RBI is set to buy back bonds worth Rs 6,000 crore ...

FII investment crosses $3 bn-mark

Foreign Institutional Investors (FIIs) inflow into the Indian stock markets has crossed the three-billion-dollar mark (over Rs 15,725) ...

The US may have a few economic lessons to learn from India, with the emerging economy being better rated than the world's largest economy ...

Economic woes are not over but the general election results have buoyed market sentiment this week. The victory of the incumbent Congress ...

World steel production fell nearly 24% in April, reflecting the recessionary pressure in the West, but India bucked the trend recording about 3% growth in output of the key industrial intermediary ...

Tata Steel to get land in Bastar for greenfield unit soon
Chhattisgarh government has started the process to hand over the land to Tata Steel for setting up a greenfield integrated steel plant in Bastar region ...

R-Infra's western region project achieves financial closure
Reliance Infrastructure (R-Infra) has achieved financial closure of the Western Region System Strengthening (WRSS-II) power transmission project and a consortium of banks ...

R-Power bags four hydel projects
Anil Ambani-promoted Reliance Power (R-Power) has bagged four hydroelectric power projects of 2,520- Mw capacity worth over Rs 18,000 crore ...

TCS Sees Stability In Financial Sector
Tata Consultancy Services Ltd, India's biggest IT outsourcer, is seeing stability in its key financial services sector and expects demand to pick-up this financial year ...

Country’s largest carmaker Maruti Suzuki India plans to ramp up the capacity of its diesel engine manufacturing plant at Manesar ...

The Indian telecom market has become a trendsetter for the telecom operators in the developed markets such as Europe and the US ...

The UBS-led deal raised $163.3 million and was launched and completed before the Indian market opened ...

Reliance Communications, India's No. 2 mobile operator, expects its revenue and profit to improve in April-June as it ...

Grasim, which has been hit by the slowdown in the real estate sector, will not make any further investment in RMC unless demand picks up ...

Pfizer Inc has struck licensing agreements with two Indian-based companies, as the world's largest drugmaker seeks new avenues of growth in generics and emerging markets ...

It sounds really sad, but for Bangalore’s young and trying-to-party IT engineers and call center engineers, it’s a one hour reprieve to the hugely unpopular Cinderella rule ...

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