Business
Top Stories
- BHP Billiton may have put India plan on ice
DNA |
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
Rediff |
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
CNNfn |
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.
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Links
- Stock picking gets social online
Moneycontrol | 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
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
Moneycontrol | 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
Moneycontrol | 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
Moneycontrol | 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
Moneycontrol | 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
MarketWatch |
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
Mint |
indian property
- The global crisis has added to the gloom, with residential transactions down by half from a year ago
- Fullers upbeat amid downturn
BBC |
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
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
Sify Finance |
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
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
- 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%
- 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'
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
InternetNews | peek google
- The search giant hosts a panel discussion about a national broadband policy.
- 'Globalisation eventually has a positive impact'
- C K Ranganathan, chairman and managing director of Cavincare, talks about the current global economic crisis
- India to sustain 8% growth: PM
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
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'
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.
