Berlin rejects Sarkozy's industry takeover plan
BUS29 Business/Diplomacy/Economy Berlin rejects Sarkozy's industry takeover plan Berlin, Oct 24 DPA French plans to take stakes in strategic industries and shut out big foreign investors were criticised Friday in Berlin, in a new sign of Franco-German discord. French President Nicolas Sarkozy had unveiled his plans the previous day and urged other nations to copy France's protective measures against sovereign wealth funds. But Chancellor Angela Merkel's deputy spokesman, Thomas  read more
Posted by IANS on Saturday Oct 25
Tata-owned Corus, Jaguar Land Rover take a knock Lead
INT37International/BusinessTata-owned Corus, Jaguar Land Rover take a knock LeadBy Dipankar De SarkarLondon, Oct 17 IANS Two companies owned by the Tata Group in Europe have taken cost-cutting steps in response to the financial crisis sweeping Britain and other wealthy countries. While Corus, Europe's biggest steelmaker that is owned by Tata Steel, announced a 20 percent cut in production, Jaguar Land Rover - the iconic Tata Motors-owned British carmakers - said they are looking to shed 198 jobs  read more
Posted by IANS on Monday Oct 20
Amid mayhem, India's Sensex dips below 10,000 level Roundup
BUS16Business/Business/EconomyAmid mayhem, India's Sensex dips below 10,000 level RoundupMumbai, Oct 17 IANS Despite a strong opening, Indian equities crashed for the third day in succession Friday, dragging a key index to the four-digit mark for the first time in two years, as sentiments were battered by renewed fears of US recession and overall global slowdown.Amid the global mayhem, the sensitive index Sensex of the Bombay Stock Exchange BSE, was languishing at 9,975.35 points at the closing bell, with a loss of 606  read more
Posted by IANS on Monday Oct 20
NEW DELHI/COLOMBO
INT48International/DiplomacyIndia asks Sri Lanka to stop military offensive against Tamils LeadNew Delhi/Colombo, Oct 17 IANS With the political temperature rising in Tamil Nadu over the situation in Sri Lanka, Foreign Secretary Shivshankar Menon Friday summoned Sri Lankan High Commissioner C.R. Jayasinghe and asked Colombo to "take steps" to stop the violence that has severely affected Tamil civilians in the island nation. "India expressed grave concerns over the ongoing violence in Sri Lanka  read more
Posted by IANS on Monday Oct 20
Analysts fear more losses after Indian stocks crash Weekly R
BUS8Business/Business/EconomyAnalysts fear more losses after Indian stocks crash Weekly RoundupMumbai, Oct 18 IANS Investors and speculators watched the Indian stock markets crash and a key index dip to the four-digit level with a distinct sense of déjà vu during the week ended Friday with sentiments completely battered by the fears of a US recession and an overall global slowdown.Looking ahead, they feared more losses in the ensuing sessions, since some key measures by  read more
Posted by IANS on Monday Oct 20
US recession hits apparel industry in Tamil Nadu
Tirupur Tamil Nadu, Oct 18 ANI: Coimbatore's apparel industry is severely hit due to the ongoing recession in US economy and is now receiving only few export orders.The present economic crisis in the United States has affected the apparel industry with the apparel exports going down by 15 per cent in Tirupur. In knitwear exports, Tirupur has registered a fall of five per cent.The Apparel Exports Promotion Council is taking various steps to meet the present crisis."Well this crisis in US is affecting us a lot  read more
Posted by aniin on Monday Oct 20
Karunanidhi hopeful of Centre taking steps to halt Lankan tr
Chennai, Oct 18 ANI: Tamil Nadu Chief Minister M Karunanidhi today welcomed Prime Minister Manmohan Singh's remark on the ethnic conflict in Sri Lanka, and said the remarks raised hopes of the Centre taking steps to halt the Lankan troops' offensive against Tamils in LTTE-held areas. The DMK chief, while writing in party organ "Murasoli", said he found solace in the remarks of the PM and hoped the Centre would consider the demands of an all-party meeting here on October 14. The  read more
Posted by aniin on Monday Oct 20
Sexy 'willy and nipple choco spreads' axed over Chinese pois
London, Oct 18 ANI: People who like 'sweet' pleasure are in for a disappointment, for chocolate spreads for sex have been taken off the shelves amid fears that they are tainted with a toxic chemical.Recently, melamine contaminated milk powder in China led huge furore after it led to the death of four babies and caused 54,000 tots to fall ill. Scared of harmful effects related with melamine, couples in UK have now been warned that the chocolate spreads might be tainted with the deadly industrial chemical  read more
Posted by aniin on Monday Oct 20
Gulf markets crash after two days of resurgence
ECO16Economy/InternationalGulf markets crash after two days of resurgenceBy Aroonim BhuyanDubai, Oct 15 IANS Gulf markets again fell Wednesday after rallying for two days over renewed fears of the global financial crisis.Except in Saudi Arabia, where the Tadawul index ended marginally up, most markets in the region started the day in the red. While some managed to recover part of the negative ground, others fell further.The key Dubai Financial Market DFM, which saw two of its biggest one-day gains in the last couple of days, posted the biggest loss, diving 7  read more
Posted by IANS on Friday Oct 17
Indian equities down on US recession fears Lead
BUS7Business/Business/EconomyIndian equities down on US recession fears LeadMumbai, Oct 16 IANS Concerned over growing fears of a recession in the US, Indian equities opened sharply lower Thursday in tandem with other global peers for the second day in succession.The market appeared to have completely ignored moves by India's central bank and the finance ministry to infuse heavy doses of liquidity into the system by again cutting the cash reserve ratio and by compensating banks to the extent of Rs  read more
Posted by IANS on Friday Oct 17
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