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BHP Billiton may have put India plan on ice Open in new window
Source Icon DNA | Tag Icon india
Red tape may have forced BHP Billiton, the UK-based metals giant, to shelve its Rs 5,000 crore India plan.

7,000 more jobs to go in US, Europe Open in new window
Source Icon Rediff | Tag Icon jobs
Layoffs are turning out to be the flavour of the week, with European auto makers - Peugeot, Citroen and Rolls Royce, British pharma giant AstraZeneca and American defence equipment manufacturer Boeing all set to slash nearly 7,000 jobs.

Iceland gets $4.6 billion bailout Open in new window
Source Icon CNNfn | Tag Icon bailout
Nordic countries agreed to lend struggling Iceland $2.5 billion to help it recover from a series of crippling bank failures, bolstering a $2.1 billion aid package from the International Monetary Fund, their governments announced Thursday.

Stock picking gets social online Open in new window
Moneycontrol | Tag Icon stock picking
The stock market is caught in a downward spiral. Analysts' views don't seem to matter. Who do you turn to when you need to hear news you can use? To other likeminded people, of course! As markets tumble, social networking sites targeting stockpickers have suddenly mushroomed.

ICICI Bank's large net worth to protect debt holders: ICRA Open in new window
Moneycontrol
ICRA said ICICI Bank needs to maintain its capital levels and non performaing assets or NPAs at acceptable levels, and also improve its liquidity profile. ICRA said, ICICI Bank's large net worth will give protection to debt holders, but there is a pressure on the company due to deterioration in retail asset quality and rise in cost of funds.

Intel looks for buys in WiMAX space Open in new window
Moneycontrol | Tag Icon intel
Sitting on a cash pile of $15 billion, chip maker Intel is looking to invest in companies which will enable uptake of WiMAXbased broadband services in India.

Kemwell sets up research unit for GSK's oral care products Open in new window
Moneycontrol | Tag Icon gsk oral care products
Pharmaceutical contract manufacturer Kemwell said it has set up a new RD facility in Bangalore to cater to GSK's global oral healthcare projects.

Maruti RD centre to develop multiple fuel options Open in new window
Moneycontrol | Tag Icon maruti fuel options
Researchers at Maruti RD centre in India are working on multiple fuel options for all the company cars and expect to roll them out in a phased manner, according to Mr I.V. Rao Managing Executive Officer (Engineering), Maruti Suzuki India.

Vehicle dealers fear the worst as inventories pile up Open in new window
Moneycontrol | Tag Icon vehicle dealers inventories
Vehicle dealers, including those who sell passenger cars across the country, fear they may be forced to start surrendering their dealerships if sales continue to slow down for another three months.

Citi reportedly considers selling itself after stock slump Open in new window
Source Icon MarketWatch | Tag Icon stock slump
Citigroup?s board of directors will meet Friday to consider auctioning off parts of the bank, or even the entire firm, after another sharp slump in the stock price, according to a published report.

Indian property to fall further before funds bite Open in new window
Source Icon Mint | Tag Icon indian property
The global crisis has added to the gloom, with residential transactions down by half from a year ago

Fullers upbeat amid downturn Open in new window
Source Icon BBC | Tag Icon downturn upbeat
Fuller, Smith & Turner says it is confident it will cope well even though the UK economic outlook did not look good.

Singapore officially in recession Open in new window
Source Icon BBC | Tag Icon recession singapore
Singapore downgrades its economic growth figure, which confirms it was Asia's first country in recession in the current financial crisis.

Sensex up 265 pts; Unitech, DLF continue to trade weak Open in new window
Source Icon Sify Finance | Tag Icon unitech
The market remains high up in the positive territory this afternoon with several blue chip stocks trading firm with most of their early gains intact. A smart recovery on the Asian bourses and rise of US index futures are also seen contributing significantly to the market's firm display now.

US Congress rushes to extend jobless benefits Open in new window
Source Icon Mint | Tag Icon congress jobless benefits
The White House, which had opposed broader legislation containing the benefits extension, urged passage of the new version

No effort will be spared to neutralise impact of meltdown: PM Open in new window
Source Icon Mint
He assured that the country had the resilience to cope with the present global financial meltdown

Sensex, Nifty remain firm; HDFC, TCS gain over 7% Open in new window
Source Icon Sify Finance
Shrugging off weak global sentiment and some early volatility, the market has moved up sharply today on sustained buying in blue chip stocks. Realty stocks have missed out on the rally while buying interest in consumer durables space remains quite selective.

'G8 should include China, India, others' Open in new window
Source Icon Sify Finance | Tag Icon india china
The Group of Eight major industrialized countries should be doubled to include Brazil, China and India and other nations to better tackle global challenges like climate change and economic stability, a blue chip panel said on Thursday.

And Now, a Peek at Google's D.C. Agenda Open in new window
InternetNews | Tag Icon peek google
The search giant hosts a panel discussion about a national broadband policy.

'Globalisation eventually has a positive impact' Open in new window
Source Icon Rediff
C K Ranganathan, chairman and managing director of Cavincare, talks about the current global economic crisis

India to sustain 8% growth: PM Open in new window
Source Icon Rediff | Tag Icon india
Exuding confidence that India had the 'resources and the wisdom to grapple and deal' with the crisis, the prime minister said all instruments of public policy -- monetary, fiscal, public investment and exchange rate -- 'will be deployed' to tackle it.

Financial crisis: Why bailouts are not the answer Open in new window
Source Icon Rediff | Tag Icon financial crisis
It is far better for the companies (which have continued to stress the production of gas-guzzlers because they are more profitable) to file for bankruptcy if and when they run out of cash, and then undertake the long-delayed restructuring of their businesses under creditor protection.

'India, China will emerge stronger from the crisis' Open in new window
Source Icon Rediff | Tag Icon india china
I feel governments still see bull markets as good, and bear markets as bad but excessive bull markets create bear markets, and only timely intervention can help overcome the crisis, says R Subramanian, managing director, Subhiksha, one of the largest retail chains in India.



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