UNITES, (Union of IT enabled Services) India believes the Global Economic slowdown is to continuously cause job cuts in the sector. The total number can rise up to 50,000 by June of 2009, for both [...]
Merck & Co.
Government has allowed navratnas and miniratnas to put 30% of the surplus funds they hold in equity markets via the mutual funds of public sector. This is actually resuming of scheme that had expired on [...]
Now it is the turn of the very healthy and robust automobile sector to face the consequences of ‘Financial Tsunami’. Dips in the sales are being experienced, which can be as high as 50%. The [...]
Credit card holders will soon start feeling the heat of safe moves by Banks. Some of these are to lower down the reward programmes and schemes to better control the unsecured loans; few others have [...]
A 20 percent cut in solvency margins for ULIPs by IRDA (Insurance Regulatory and Development Authority), has come as a New Year bonanza for the insurers. IRDA has also slashed the solvency margins by 10 [...]
The six-year long family dispute has finally come to an end after Shishir Bajaj and two other family members took an exit route by selling off their 2.05 percent stake in Bajaj Electricals. According to [...]
The much awaited second stimulus package to boost the economy is finally announced by the government today. Besides enhancing the level of public spending the government also enabled the industry to borrow more funds from [...]
Despite of a number of export sector-oriented support schemes announced by the Government in its second stimulus package last week, the recent prediction by the Federation of Indian Exports Organization has come as a shocking [...]
Country’s Exporters’ worries are on a rise owing to the possibility of not meeting the export target of $200 billion. The Federation of Indian Exporters Organizations (FIEO), on Monday expressed resentment over the lack of [...]
