Thursday, May 14, 2009

NEWS @ 14-05-2009

A day after saying big US banks probably needed to raise only one-fourth the capital demanded by the government, Standard & Poor's ...

Investment by foreign companies into China reportedly fell sharply in April, extending a downtrend seen since the start of the year as the financial turmoil crimped spending on factories ...

The global recession could last 2 to 5 years, with hundreds of billions of dollars worth of stimulus packages in G20 countries not enough to ...

The confidence of service sector firms in the BRIC countries, including India, has witnessed a sharp rise in April on expectations of faster growth in business activity ...

In what can be seen as India’s relative strength amid nations reeling under the onslaught of a global recession, foreign direct ...

Fitch Ratings has today stated that the new Union government in India faces considerable challenges in balancing the need for short-term stimulus measures to counter the economic downturn ...

Reserve Bank of India Governor D Subbarao said Wednesday there was still scope for banks to reduce lending rates further ... 

The Rs 3,500-crore Indian direct selling industry, which employs over 1.5 million entrepreneurs, is unfazed by the global slowdown ...

India is likely to witness a recovery in its manufacturing production in the coming months, even though the country's industrial ...

After reporting low numbers in new business premium, life insurance companies are resorting to special initiatives to increase business from the rural segment, which they term as emerging markets ...

The company has begun talks with RIL and gas marketer GAIL (India) on the availability of natural gas and the possibilities of more fuel stations ...

A court has declared a strike at a Mahindra & Mahindra automotive plant as illegal and has ordered workers to report to their shifts, the leading utility vehicle maker said on Thursday ...

The slowdown in the global economy, along with the depreciating rupee against the US dollar, have seen a reduction in the operational ...

TCS the country’s largest IT services and business process outsourcing company, has bagged a five-year contract with the Volkswagen Group, UK ...

In another affirmation of its growing clout in the domestic market, Wipro Infotech, the India and Middle East information technology services business of Wipro Ltd ...

The Supreme Court today issued notice to Anil Ambani-owned Reliance Communications on a petition by MTNL alleging that the private mobile services provider ...

After seeing increased input prices and subsequent price rises by fast moving consumer goods (FMCG) manufacturers, the time for an all-out price war is just around the corner, reckon analysts ...

Cash-starved real estate developers are leaving no stone unturned to improve cash flow. For example, Unitech, Omaxe and Raheja Developers are waiving penalty on late payments ...

The current meltdown has not impacted India’s exploration and production major Oil and Natural Gas Corporation’s (ONGC) Rs 9,000 crore project to redevelop Mumbai High fields ... 

India’s exploration and production major Oil & Natural Gas Corporation (ONGC), which has been under attack from the petroleum ministry for slow pace of development ...

A cheque issued by the airline drawn from its account with Axis Bank at Mumbai's Nariman Point branch as ticket refund to one Suresh Gulabrani on April 4, 2009, bounced ...

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