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India to push for more inclusivity in global financial system
This can provide better global oversight: Chidambaram. Frankfurt Three points will be highlighted by the Prime Minister, Dr Manmohan Singh, at the Summit on Financial Markets and the World Economy, which is being held in Washington on November ...
We are confident we can weather the crisis: Chidambaram
Finance Minister: That depends upon where the resources would be found. If the resources can be found and channelised through the existing multilateral institutions, that would be good. But if you find resources that cannot be ...
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Washington bound: The Fin...
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Mini, currency futures trade active
Long-tenure options yet to make a mark. Mumbai, Nov. 14 Exactly a year after SEBI approved seven derivative products for the securities market, only three have been launched. But two of the launches — mini contracts and currency futures ...
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Iron ore exporters to China hit by payment defaults
Chinese banks refusing to honour letters of credit. Bangalore, Nov. 14 Iron ore exporters have been hit by a cash flow crisis with Chinese importers defaulting on ...
Vedanta cuts capex plans
Mumbai, Nov. 14 Hit by the sharp fall in metal prices amid global economic slowdown, Vedanta Resources Plc has decided to cut its capital expenditure plans by $5.1 billion through various initiatives. The company planned to invest $14 billion ...
Union Bank to hire 5,000 more this fiscal
Over 500 branches to be opened in 5 months. At a time when banks globally are laying off people, Union Bank of India is planning to hire 5,000 more people for manning the over 500 additional branches the bank will be opening in the next ...
The G-20 and John Nash
For several years now, I have been arguing with the few who do not regard me as a complete bore, that economists have lost their way. Many others hold this view, of course, but for differing reasons.My own reason is that the overemphasis ...
Fiat to export engines from India venture
To utilise excess capacity at Pune facility. Fiat’s Ranjangaon (Pune) plant with the capacity to produce 3.33 lakh engines a year, can produce a much larger volume of engines than the company and its joint venture partner Tata Motors would ...
State loans see good demand; govts set to gain
With yields softening to 8.2%, borrowing costs to fall. Bangalore, Nov. 14 States are beginning to benefit from the chase of government securities by banks as yields have fallen sharply since the beginning of the ...
Vegoil imports hit record in Oct on falling prices
2007-08 shipments highest since 1994; seen rising this year also. Chennai, Nov. 14 A record 8.27 lakh tonnes (lt) of vegetable oils were imported during October, thanks to sharp fall in the prices in the global markets and a favourable duty ...
Mallya to meet AAI officials over payment of dues
Bangalore, Nov. 14 As domestic airline companies campaign to get Airports Authority of India to reduce its charges, the Chairman of Kingfisher Airlines, Mr Vijay Mallya, is set to meet the top honchos of AAI on Monday to ask them to stagger ...
L&T Info sees significant decline in growth
Bangalore, Nov. 14 L&T Infotech, the IT arm of construction major Larsen and Toubro Ltd, expects a significant decline in growth rate for the current fiscal due to the economic meltdown, but sees long-term potential in ...
Cyclone brewing; A.P. coast may take hit
Thiruvananthapuram, Nov. 14 Thursday’s well-marked ‘low’ over the southeast Bay of Bengal intensified in quick time to become a depression on Friday and is on course to become the season’s second tropical ...
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