Business News ( Page 33 of 40 )

Global economy heading for another downturn: RBI January 25, 2012 12:55

The global economy seems to be headed for another downturn after just three years. The recovery is likely to lose traction due to the continuing euro area debt crisis,” RBI Governor D. Subbarao said in…

Deregulate diesel prices: RBI to Government January 25, 2012 12:20

While petrol prices are market-linked, the government decides the rates of LPG, kerosene and diesel, which usually results in a large budgetary expenditure on subsidies. The Reserve Bank today said the government should deregulate diesel…

CRR cut: Banks may not reduce EMIs January 25, 2012 11:56

However, a few like Oriental Bank of Commerce Executive Director S C Sinha said the CRR cut would "definitely lead to reduction in interest rates." Chairman of the Prime Minister's Economic Advisory Council and former…

Davos Biz meet will be litmus test for Indian Biz heads January 24, 2012 17:46

Elite business class of India shall utilize this opportunity to make the best in show casing India as the best economic zone. World Economic Forum Annual Meeting 2012 is going to be held at Davos-Klosters,…

Interest rates on small savings are fixed: RBI January 23, 2012 10:54

“As per the rules of small savings schemes, the rate of interest on an investment made in all schemes, except PPF, 1968 on a particular date, remains unchanged for the entire duration of the investment,…

SC quashes the tax demand on Vodafone, setting precedent January 21, 2012 17:19

The phenomenal verdict by the apex court is definitely going to do great maneuver to the country’s image and of course the Vodafone in particular shall benefit largely. The Supreme Court on Friday decided one…

GM re-emerges as world's No 1 automaker January 21, 2012 11:40

GM was the world's largest automaker for 77 consecutive years from 1931 through 2007 before Toyota surpassed it in 2008. The automaker was bleeding about $100 billion in the years before its 2009 bankruptcy, which…

Kodak files bankruptcy January 20, 2012 13:46

The original imaging giant has filed for bankruptcy. Critics call it due to digital photography segment, markets are plummeting and share value dropping- seems `SOS’ at the pioneer’s office. Eastman Kodak a renowned name in…

Chevrolet records best-ever global sales January 20, 2012 11:46

Chevrolet is building its global presence by delivering cars like the Cruze, Sonic (Aveo) and Spark, the all-new midsize global Malibu According to the figures available Chevrolet sold 4.76 million vehicles around the world in…

India provides Freephoo Mobile Voip App January 19, 2012 17:39

Indian users can now make free calls from their iPhone, iPod touch, iPad and Android phones to others across the world and also use their premium service to make very cheap calls to all fixed…

Anil Ambani’s Reliance knocks Chinese Loans After Stock fall January 19, 2012 02:24

Well with almost one billion dollars of convertible bonds to repay by march, Indian billionaire Anil Ambani is once again knocking the Chinese lenders after Reliance commuication value got lower in less than a year. Anil…

RBI to release 500 banknotes incorporating rupee symbol January 18, 2012 19:43

The Reserve Bank of India (RBI) will shortly issue 500 denomination bank notes incorporting new rupee symbol, without inset letter, in the Mahatma Gandhi Series-2005 bearing the signature of Dr D Subbarao, and the year…