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Business
Wanted! EDs for PSU banks

Business News - HT - 0 sec ago

At a time when the global financial sector is going through a critical
phase, several Indian public sector banks are functioning without their
executive directors, reports Mahua Venkatesh.

Categories: Business, News
Taxmen cry foul over pay panel recommendations

Business News - HT - 0 sec ago

In a memorandum to the government, the Indian Revenue Service Association
has pointed out discrepancies in the revised pay scale, reports HT
Correspondent.

Categories: Business, News
Retailers go slow on hiring

Business News - HT - 0 sec ago

The retail sector is seeing an exodus of people. Retail majors, who had
hired in droves during their expansion spree, are now keen to get rid of the
flab to counter slowdown, reports Saurabh Turakhia.

Categories: Business, News
Dealers cannot shrug off responsibility

Business News - HT - 0 sec ago

You may choose a product for its brand name, but ultimately, it is the
retailer or the dealer from whom you make the purchase. So if you have a
complaint against the product, you will obviously turn to the shopkeeper
for its resolution, writes Pushpa Girimaji.

Categories: Business, News
Pension scheme to cover all individuals

Business News - HT - 0 sec ago

The Pension Fund Regulatory and Development Authority is finalising its plan
to incorporate individuals, who are neither employed with central nor state
Govts in the new pension scheme, reports Sandeep Singh.

Categories: Business, News
Nano suppliers train guns on Govt

Business News - HT - 0 sec ago

Though Tata Motors is tight lipped on whether it will seek compensation from
the state Govt, suppliers are threatening to move to the courts if a
compensation is not in the offing, reports Sumant Banerji.

Categories: Business, News
Spoilt for choice, Tata scouts new sites

Business News - HT - 8 min 41 sec ago

Karnataka, Andhra Pradesh and Gujarat are working overtime to woo Tata
Motors as its officials carried out site inspections for the Nano project
after the company exited West Bengal.

Categories: Business, News
Cash rates end flat, fund shortage continues

ET: Money Markets - 13 min 36 sec ago

Overnight cash rates ended steady as demand for funds persisted after
outflows towards last week's debt auctions squeezed liquidity from the
system.

Categories: Business, Investor's News, Market News, Money Markets
Money markets near paralysed, no relief seen

ET: Money Markets - 13 min 36 sec ago

India felt the spread of global credit crisis as its rupee overnight cash
rates jumped above 17 pc. Stocks 52 Week: High, Low | Gainers | Losers |
Only: Buyers, Sellers

Categories: Business, Investor's News, Market News, Money Markets
Dollar o/n rates jump in Asia on bailout rejection

ET: Money Markets - 13 min 36 sec ago

The cost of short-term US dollar funding in Asia jumped on Tuesday after US
lawmakers unexpectedly rejected a $700 billion vote to bail out the
financial sector.

Categories: Business, Investor's News, Market News, Money Markets
Pawar rejects call for duty-free imports of raw sugar

ET: Money Markets - 13 min 36 sec ago

Sharad Pawar on Monday rejected demands from millers to allow duty-free
imports of raw sugar against an obligation to export.

Categories: Business, Investor's News, Market News, Money Markets
Cash rates jump as debt sales drain funds

ET: Money Markets - 13 min 36 sec ago

Indian overnight cash rates rose on Monday, approaching highs seen earlier
this month, as debt sales by the government drained liquidity from banks.

Categories: Business, Investor's News, Market News, Money Markets
Euro, pound hit as bank bailouts fuel concerns

ET: Money Markets - 13 min 36 sec ago

The euro and sterling retreated on Monday on growing concerns about the
financial system while the dollar received a boost on relief US lawmakers
were set to vote on a $700 billion bailout fund.

Categories: Business, Investor's News, Market News, Money Markets
Calls may linger in high range, Re likely to remain weak

ET: Money Markets - 13 min 36 sec ago

Call rates continued at elevated levels, moving in the range of
10.00%-14.00% through the week owing to the severe cash crunch in the
system.

Categories: Business, Investor's News, Market News, Money Markets
Europeans scramble to save failing banks

International Business - 13 min 43 sec ago

None of the banks, including the European Central Bank and Bank of England,
have commented on potential rate hikes or cuts. 2008: Year of global
financial crisis

Categories: Business, International Business
Germany guarantees private savings accounts

International Business - 13 min 43 sec ago

Germany announced on Sunday that it would guaranteed all private savings
accounts, joining Ireland and Greece in taking drastic independent action to
head off financial crisis.

Categories: Business, International Business
Egypt, Iraq plan to cooperate on oil

International Business - 13 min 43 sec ago

The first Egyptian foreign minister to visit Iraq in nearly two decades met
with Iraqi leaders on Sunday to discuss plans to open a new embassy in
Baghdad and cooperate in the oil sector.

Categories: Business, International Business
China's Ping An to take $2.3 bn loss on Fortis

International Business - 13 min 43 sec ago

Ping An Insurance said on Sunday that it would report a loss of about 15.7
billion yuan ($2.3 billion) on its investment in troubled European financial
group Fortis.

Categories: Business, International Business
Citi wins court order in battle for Wachovia

International Business - 13 min 43 sec ago

The deal is important for Citigroup Chief Vikram Pandit, who is looking to
turn around the ailing bank by focusing on consumer banking. Financial
crisis

Categories: Business, International Business
For bailout to work, housing market needs to mend

International Business - 13 min 43 sec ago

Experts say the most important thing that needs to happen before the $700
billion bailout even has a chance of working: Home prices must stop falling.
Financial crisis

Categories: Business, International Business


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