Citigroup to cut more than 52,000 jobs
The US based Financial Services Giant Citigroup, led by NRI Vikram Pandit, has plans to cut more than 52,000 jobs in the coming months as part of the plan to reduce expenses by 20 per cent in Read More...
Archives for the ‘Business’
NRIs deposit $513 million in Indian banks
According to the latest data released through the Reserve Bank of India’s (RBI) monthly bulletin, Non-Resident Indians (NRI) deposited a total of $513 million (on net basis) through its major Read More...
Y V Reddy on UN panel for economic crisis
Former RBI Governor Y V Reddy is among members of a high-level panel of economists appointed by UN General Assembly President Miguel d’Escoto to suggest measures to deal with the current Read More...
Reliance Gas for AP power plants
The Group of Ministers’ meeting headed by Pranab Mukherjee in New Delhi on October 23 decided that Reliance Gas corporation should supply 8.94 million cubic metres of gas per day for the gas Read More...
Tata Motors shuts down Jamshedpur unit
Tata Motors decided to shut down its Jamshedpur unit, the mother plant for its commercial vehicles, for three days due to slump in demand. Tata Motors is taking a block closure at Jamshedpur from Read More...
Sensex settles above 10,000 mark
Stock markets rose for the fifth day in a row on Tuesday with the Sensex gaining over 2000 points. The 30-share Sensex of Bombay Stock Exchange finally ended at 10,631.12, up by 293.44 points, or Read More...
Manmohan Singh to meet Corporate Chiefs
Prime Minister Manmohan Singh has convened a meeting of top corporate leaders and leading industry associations in New Delhi on Monday to discuss the impact of the global meltdown, subsequent Read More...
Sensex gains 743 points
Stock markets staged a come back on Friday with the benchmark Sensex closing higher by 743.55 points on brisk buying by funds. The 30-share index settled the day higher by 743.55 points at Read More...
Indian Corporate majors to cut 25% of jobs
According to a survey by Assocham, HR heads of the majority of steel, cement, ITeS/BPO, financial and brokerage services including construction, real estate and aviation have drawn up conclusive Read More...
Chidambaram reviews current financial situation
Finance minister P Chidambaram held a meeting on the current financial situation and further measures to tackle it with Planning Commission deputy chairman Montek Singh Ahluwalia, RBI governor D Read More...
