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Chrysler’s parked for Chapter 11
Posted: 30 Apr 2009 11:26 AM PDT
DETROIT/WASHINGTON: Chrysler LLC will file for Chapter 11 bankruptcy on
Thursday after talks to restructure its debt with bondholders collapsed, a US
government official said. Later, the news has been confirmed by US president
Barack Obama,on Thursday that auto maker Chrysler LLC would go into Chapter 11
bankruptcy and enter a deal with Italy’s Fiat to [...]
Bharti Airtel and Alcatel-Lucent ties up for Broadband and Telephone Services
Posted: 30 Apr 2009 10:49 AM PDT
New Delhi : Bharti Airtel, India’s leading telecommunication company, said on
Thursday it would form a joint-venture with Alcatel-Lucent to boost the Indian
firm’s fixed-line and broadband services. Alcatel-Lucent will hold 74% in the
joint venture with Bharti holding the remainder, Bharti Chief Executive Manoj
Kohli said, adding that the deal for managed services was [...]
Inflation heads higher 2nd week in row, touched 0.57%
Posted: 30 Apr 2009 10:25 AM PDT
MUMBAI: Inflation based on the wholesale price index (WPI) rose 0.57% in the 12
months to April 18, above the previous week’s annual rise of 0.26%, government
data showed on Thursday. The annual inflation rate was 8.23% during the
corresponding week of the previous year.for the week end April 18th at 0.57%.
The WPI for [...]
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