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  • Robinson to be Citi CEO for South Asia Thursday, November 20, 2008 @ 7:50PMCiti today said that Mark Robinson will replace Sanjay Nayar as the Chief Executive Officer for South Asia. Nayar is expected to take up his new assignment as the CEO and country head of Kohlberg Kravis Roberts & Co (KKR) in India towards the end of January.
  • Govt awards 44 oil, gas blocks Thursday, November 20, 2008 @ 7:49PMThe Cabinet Committee on Economic Affairs (CCEA) today approved the award of 44 oil and gas exploration blocks under the seventh round of auction of the New Exploration Licensing Policy (Nelp-VII).
  • UN approves sanctions on Somali pirates Thursday, November 20, 2008 @ 7:48PMThe U.N. Security Council voted unanimously Thursday to impose sanctions on pirates, arms smugglers, and perpetrators of instability in Somalia in a fresh attempt to help end years of lawlessness in the Horn of Africa nation. The 15-nation council endorsed a...
  • UN approves sanctions on Somali pirates Thursday, November 20, 2008 @ 7:47PMThu, Nov 20, 2008 (5:30 p.m.) The U.N. Security Council voted unanimously Thursday to impose sanctions on pirates, arms smugglers, and perpetrators of instability in Somalia in a fresh attempt to help end years of lawlessness in the Horn of Africa nation.
  • Indian market tumbles; Realty stocks worst hit Thursday, November 20, 2008 @ 5:48AM(RTTNews) - Thursday, the Indian market fell sharply in-line with the rest of the global markets as fears of a prolonged global recession daunted investors.
  • Banks to set up Entrepreneurship Development Institutes Thursday, November 20, 2008 @ 1:18AMThe banks having more than 15 branches in the state should set up the Entrepreneurship Development Institutes (EDIS) in line with the Rural Development and Self Employment Training Institute ( RUDSET Institute).
  • Tihar to Bihar: Pappu Yadav gives Rs 4 crore for floods Thursday, November 20, 2008 @ 1:16AM Jailed MP Pappu Yadav shelled out Rs 4 crore from his parliamentarian fund.
  • From Tihar to Bihar - MP Pappu Yadav gives Rs.4 crores for floods Thursday, November 20, 2008 @ 1:15AMGuess which MP delved deepest into his pockets to help Bihar recover from the devastating floods?
  • A K Bhattacharya: The ills of the age Wednesday, November 19, 2008 @ 8:01PMIt is often said that Arun Shourie begins where most journalists end. If you don’t believe this, read at least a few of his essays included in the book under review.
  • Arvind Singhal: The denial of reality Wednesday, November 19, 2008 @ 8:00PMThere is no sign of let-up in the economic turbulence all around us.
  • Building on G-20, APEC to urge deeper ties Wednesday, November 19, 2008 @ 7:55PMLIMA -- Leaders from 21 Pacific Rim economies are expected to deepen their commitment to free trade in the face of protectionist threats at a summit in Peru this weekend, and promise swift action on the global financial crisis.
  • List of infrastructure projects within 10 days, says Montek Wednesday, November 19, 2008 @ 7:53PMIn its sustained effort to fight economic slowdown, the Planning Commission today said it would come out with a list of infrastructure projects, which call for additional resources, in 10 days and approach the finance ministry for the required funds.
  • State Bank Bucks Firing Spree With 25,000 New Jobs (Update1) Tuesday, November 18, 2008 @ 9:57PMNov. 19 (Bloomberg) -- State Bank of India , 59 percent owned by the government, aims to sustain the biggest market-share gains in at least a decade as a seizure in global credit markets allows it to take depositors from private lenders.
  • MERCHANT SOLUTIONS ENABLES TENS OF THOUSANDS OF ASIAN BUSINESSES TO ACCEPT ELECTRONIC PAYMENTS IN FIRST YEAR Tuesday, November 18, 2008 @ 8:45PMATTENTION EDITOR, BUSINESS & FINANCE DESKS
  • RPT-UPDATE 2-India promises steps to stimulate economy Tuesday, November 18, 2008 @ 8:19PM(Repeats story issued late on Tuesday) (Adds cbank governor comments, duty changes and details)
  • Sensex ends below 9k, ICICI Bank leads fall Tuesday, November 18, 2008 @ 1:48PMIndia’s Sensitive Index dropped for a fifth straight day. ICICI Bank led financial shares lower after saying it had cut its lending growth target by half.
  • Rajat M Nag Tuesday, November 18, 2008 @ 1:48PMIndia should focus on long-term measures since growth is more important than inflation management, , Managing Director-General, ADB, tells Prashant K Sahu.
  • Rupee slides further to 49.65 against dollar Tuesday, November 18, 2008 @ 1:47PMRupee ended down against the dollar today as banks persistently bought the greenback for some importers and for foreign funds, noting the decline in local share indices, dealers said.
  • Karl Slym, Tuesday, November 18, 2008 @ 1:46PMGeneral Motors, the largest US auto-maker, expects sales in India to drop this year as an economic slowdown coupled with high interest rate has hurt demand. The Detroit-based auto-maker’s sales have grown only 7 per cent till October compared with more than 65 per cent a year earlier.
  • No price cut now: Auto-makers Tuesday, November 18, 2008 @ 1:46PMThe response of at least two out of the five sectors to which Finance Minister P Chidambaram today appealed to cut product prices in order to revive demand has not been encouraging at all.
  • Ford Sells $540 Million of Mazda Stock to Ease Crunch (Update2) Tuesday, November 18, 2008 @ 9:38AMNov. 18 (Bloomberg) -- Ford Motor Co. , reeling from plunging U.S. car sales and a sinking share price, will raise about $540 million selling part of its stake in Japanese affiliate Mazda Motor Corp.
  • India may soon encounter job cuts, pink slips awaited Tuesday, November 18, 2008 @ 9:25AM It started in the US few months ago and has slowly engulfed the whole world.
  • Govt levies 5% import duty on steel products Tuesday, November 18, 2008 @ 9:13AMThe government has imposed an ad valorem import duty of 5 per cent on pig iron, semi-finished, flat and long steel products. An import duty of 20 per cent has also been imposed on crude soybean oil with immediate effect.
  • Latin America: Not So Insulated After All Tuesday, November 18, 2008 @ 9:07AMIn recent years, commentators and policymakers alike have praised Latin America for its growing financial independence and maturity. Fiscal discipline, high commodity prices, and sustained economic growth brought down external debt levels, built international reserves, and strengthened government and corporate balance sheets, placing the region on firmer economic footing. When crisis hit U.S. ...
  • New economic order about to be born Tuesday, November 18, 2008 @ 9:03AMThe gloomy newspaper reports about last weekend’s G20 summit in Washington, especially those that came out in the local press, hid the historic character of the event.
  • Price cut not a solution to demand fall: Bajaj Tuesday, November 18, 2008 @ 4:32AMNew Delhi, Nov 18 : Bajaj Auto Ltd chairman Rahul Bajaj Tuesday said cutting prices was not a solution to the demand slump as banks were still wary of lending to consumers due to liquidity squeeze.
  • India Economic Summit reflects underlying unease amid hope Tuesday, November 18, 2008 @ 4:19AMBy Arvind Padmanabhan, New Delhi, Nov 18 : An underlying unease amid hope!
  • Adding an international flair Tuesday, November 18, 2008 @ 4:16AMYi Rao used a slender brush to paint Chinese salutations on butcher paper, explaining her calligraphy to a visitor.
  • Student speak Monday, November 17, 2008 @ 10:28PMThe biggest exam of the year for young management hopefuls -- the CAT -- was held on Sunday November 16. Lakhs of young students and professionals across the country took the exam, vying for a spot at one of the prestigious IIMs or one of the other 110 B-schools across the country that require CAT scores.
  • Govt to take steps to stimulate economy: FM Monday, November 17, 2008 @ 10:24PMNEW DELHI: Finance minister Palaniappan Chidambaram said on Tuesday the government would take steps to stimulate the economy and the rupee would strengthen again once capital starts flowing in.
  • Govt to take steps to stimulate economy: FM Monday, November 17, 2008 @ 10:23PMFinance minister P Chidambaram said the government would take steps to stimulate the economy and the rupee would strengthen again once capital starts flowing in.
  • Building a Better Global Financial System Monday, November 17, 2008 @ 10:22PMGordon Brown, many in the European Union and the media have been calling for a “Bretton Woods II” as the next step toward preventing future meltdowns of the international financial system.
  • Stamford-based Harman readies to weather economic storm Monday, November 17, 2008 @ 10:05PMAs Americans cope with lost jobs, mortgage and credit card debt, falling home values and stock prices, Harman International Industries of Stamford said it hopes consumers will keep buying home entertainment speakers that can cost as much as $2,300.
  • Details to follow soon. Monday, November 17, 2008 @ 9:48PMWe are not part of the problem, but we have been invited to be part of the solution, says P Chidambaram, Finance Minister. All Rights Reserved to India Infoline Ltd.
  • SUBVERSE | A case worth losing Monday, November 17, 2008 @ 5:43PMTelecom minister A Raja is at a loss to convince the media, the opposition and telecom stakeholders why he sold spectrum, a scarce national resource, at a fraction of its value to private companies, causing a staggering Rs 51,000 crore loss to the exchequer.
  • Economic Crisis Summit With Low Expectations Yields Some Consensus on Reform Monday, November 17, 2008 @ 5:09PMG-20 countries resist the temptation to grandstand against the United States, and lay out a broad plan.
  • Smart City project makes no progress Monday, November 17, 2008 @ 4:34PMKOCHI: Exactly a year ago, the foundation stone for the much-hyped information technology (IT)-related Smart City Kochi project was laid here amid fanfare by Kerala Chief Minister V S Achuthanandan.
  • JapanToday: Japan News and Discussion ジャパントゥデイ:日本のニュースを英語で読む Monday, November 17, 2008 @ 4:06PMAnother round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy.
  • GM sells Suzuki stake Tokyo, Nov. 17: Monday, November 17, 2008 @ 4:01PMUS auto maker General Motors Corp will sell its 3 per cent stake in Suzuki Motor Corp as part of its efforts to raise funds. GM plans to sell 16,413,000 Suzuki shares for 22.37 billion yen (about $231 million). The decision has been approved by the GM and Suzuki boards.
  • A case worth losing Monday, November 17, 2008 @ 12:44PMTelecom minister A Raja is at a loss to convince the media, the opposition and telecom stakeholders why he sold spectrum, a scarce national resource, at a fraction of its value to private companies, causing a staggering Rs 51,000 crore loss to the exchequer.
  • No meltdown in summer placements for IIM-Bangalore interns Monday, November 17, 2008 @ 12:44PMInterns from the Indian Institute of Management-Bangalore (IIM-B) were up for grabs for summer placements by global firms, especially from the financial sector, spiking fears of global meltdown impacting top Indian business schools.
  • Paranjpe, Senapaty, Vaswani join Wipro board Monday, November 17, 2008 @ 12:38PMWipro today announced changes in the management structure of its IT business and expansion of its board of directors. Girish Paranjpe, Suresh Senapaty and Suresh Vaswani have been appointed to the board of Wipro.
  • Sensex down by 94.41 points Monday, November 17, 2008 @ 12:27PMMumbai, Nov 17: The Sensex continued to slide for the fourth consecutive session, ending marginally lower today by 94.41 points to finish in red at 9291.01 on the Bombay Stock Exchange (BSE) on profit booking at higher levels in key stocks by Foreign Institutional Investors and downslide in global markets.
  • BWise Announces Results of Trustday 2008: Risk Management can help to restore Financial Trust Monday, November 17, 2008 @ 12:09PM NEW YORK & DEN BOSCH, Netherlands----BWise, a leading provider of governance, risk and compliance software solutions, today announced the results of Trustday 2008, an annual event organized by Nyenrode Business Universiteit and BWise.
  • Citigroup layoffs trump global economic plan (9:04 a.m.) Monday, November 17, 2008 @ 11:56AM WASHINGTON (AP) — Another round of massive layoffs at Citigroup and more bad financial news today led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy.
  • World leaders pledge to combat global crisis Monday, November 17, 2008 @ 7:49AM(AP:WASHINGTON) A lengthy action plan from world leaders to address a global economy threatening to slip into a prolonged recession was greeted with tepid reviews.
  • India, Russia set to expand nuke ties: Menon Monday, November 17, 2008 @ 7:41AMForeign Secretary Shiv Shankar Menon said in New Delhi that, "Both India and Russia are keen to expand nuclear cooperation. All the preparatory work has been done." He was inaugurating an international conference on "Changing Patterns of Indo-Russian Cooperation" organised by the Observer Research Foundation. He said that India and Russia already have an "excellent relationship" and India ...
  • Daily Herald Monday, November 17, 2008 @ 7:26AMTOKYO (AP) — Analysts, investors and media around Asia expressed concern Monday that a weekend summit of world leaders aimed at tackling the global financial crisis — and preventing future debacles — was high on symbolism but low on action.
  • (AFX UK Focus) 2008-11-17 12:50 Wind power retains growth potential-research group Monday, November 17, 2008 @ 7:24AMLONDON, Nov 17 (Reuters) - The wind energy sector has been hit by the global financial crisis but still has the potential to grow in the medium and long term, research group New Energy Finance said. New Energy Finance said the credit crunch and financial crisis have caused a short-term shortage of project finance for wind farms. Any remaining debt available from banks is also more expensive than ...
  • Leaders back rapid action plan for crisis Sunday, November 16, 2008 @ 11:38PMWorld leaders on Saturday backed a rapid action plan for the global economic crisis, agreeing on the need for measures to spur growth, better financial market rules and more say for emerging countries.