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CSE index declines 331 points in weekly trade
The Calcutta Stock Exchange lost ground sharply during the week and ended in the red. - November 19, 2010 at 22:11 PM
Say What? Voice Recognition Apps, Maps And Traps
Advances in voice recognition technology are making it more fun, and productive, to talk to your computer. The technology, which has migrated to a number of free apps, can give our fingers and hands some much needed rest. But it's still not perfect. - November 19, 2010 at 13:11 PM
Blackberry confident India's concerns will be resolved
Canada-based Blackberry maker, Research in Motion on Friday said that it is confident that the security concerns of the Indian government will be resolved to their mutual satisfaction. - November 19, 2010 at 13:11 PM
Wells To Pay Citi $100M To Settle Wachovia Lawsuit
Wells Fargo has agreed to pay $100 million to Citigroup to settle a dispute related to its acquisition of Wachovia Corp. in 2008, at the height of the financial crisis. Citigroup, in a lawsuit, accused Wells and Wachovia of breach of contract and sought $60 billion in damages. - November 19, 2010 at 11:11 AM
Are The Social Security Trust Funds A Mirage?
For years, the baby boomers have driven a Social Security surplus. But the "trust funds" created with the surplus are actually debt the government owes itself. - November 19, 2010 at 11:11 AM
NATO Members Back Joint Missile Defense System
The alliance members, meeting in Lisbon, also backed approval of the START missile pact and focused on an exit strategy for multinational troops in Afghanistan. - November 19, 2010 at 11:11 AM
NATO Leaders Zero In On Afghanistan Exit Strategy
Delegates from the 28 member nations meeting Portugal's capital appeared on the verge of approving a plan to begin a gradual withdrawal of NATO troops next July. - November 19, 2010 at 11:11 AM
Ireland nears aid deal, contagion fears persist
A financial aid plan to help Ireland cope with its battered banks will be unveiled next week, EU sources said today, but experts warned a rescue may not be enough to prevent contagion to other euro zone members. - November 19, 2010 at 09:11 AM
480,000 small and medium units shut shop in 5 years
The Indian economy apparently has a back problem: the micro, small and medium enterprises (MSME) sector, which employs 60 million-odd people, is struggling to stay upright. - November 19, 2010 at 09:11 AM
GM share lists at premium, lifts US market mood
US President Barack Obama lauded the "success story" of General Motors' stock sale as the White House claimed a $787 billion stimulus bill would produce 3.5 million jobs by year-end. - November 19, 2010 at 09:11 AM
IOC follow-on issue by January-end
State-owned Indian Oil Corporation on Friday said it expects to launch its follow-on public offer in the third or fourth week of January. - November 19, 2010 at 09:11 AM
MOIL IPO on Nov 26
After the success of Coal India’s initial public offer, Manganese Ore India Ltd is the next state-run company to hit the capital market. The country’s largest manganese ore producer’s IPO will open on November 26. - November 19, 2010 at 09:11 AM
IMF in Dublin: some say it’s humiliation
For a decade the country rode a seemingly never-ending boom, fuelling prosperity that previous generations could scarcely have dreamed of. On Thursday, reality kicked in. The 12 men and women from the International Monetary Fund (IMF), in suits and sensible coats, arrived in Dublin to clear up the mess. - November 19, 2010 at 09:11 AM
Bernanke Defends U.S. In Speech To European Bankers
Federal Reserve Chairman Ben Bernanke is in Germany, where he defended U.S. efforts to invigorate its economy with an aggressive bond-buying program. The speech he made Friday at a conference of European bankers is making headlines. For more on the Fed chief's comments, Steve Inskeep talks to David Wessel of The Wall Street Journal. - November 19, 2010 at 08:11 AM
SKS shares up on firefighting
Shares of SKS Microfinance bounced back on Friday after four sessions of consecutive decline, surging by 10% in morning trade on the Bombay Stock Exchange after the company said it has sufficient liquidity for disbursals and bank repayments.
- November 19, 2010 at 08:11 AMBernanke Defends Bond Plan; Urges More Stimulus
Federal Reserve Chairman Ben Bernanke sought Friday to defuse criticism of the Fed's $600 billion bond-purchase plan by arguing that it's needed to boost the economy and reduce unemployment. But he warned that the Fed's program can't succeed on its own. - November 19, 2010 at 07:11 AM
Bernanke Blasts Countries Who Keep Their Currencies Low
Speaking in Frankfurt the Fed Chairman bluntly criticized countries who keep their currency undervalued. He says any problems caused them by the Fed plan, are basically their own fault. - November 19, 2010 at 07:11 AM
Govt examining black money estimate reports
India has begun the trail for money allegedly stashed away in secret bank accounts in tax havens, says finance minister Pranab Mukherjee today at the Hindustan Times Leadership Summit.
- November 19, 2010 at 06:11 AMNoose tightens on tax haven funds
Finance minister Pranab Mukherjee on Friday told delegates at the Hindustan Times Leadership Summit that India has written to 78 countries to amend existing tax treaties, insisting on their adding on Article 26 of the Model Tax Convention of the Organisation for Economic Cooperation and Development. HT reports. - November 19, 2010 at 06:11 AM
Final views on regulating MFIs after RBI panel’s report is s..
With microfinance institutions drawing flak for their strong arm tactics, the government expects to arrive at a consensus soon on selecting a regulator for these institutions after the Reserve Bank of India appointed panel submits its report next month, finance minister Pranab Mukherjee said on Friday at the Hindustan Times Leadership Summit. - November 19, 2010 at 06:11 AM
Final views on regulating MFIs after RBI submits report: FM
With microfinance institutions drawing flak for their strong arm tactics, the government expects to arrive at a consensus soon on selecting a regulator for these institutions after the Reserve Bank of India appointed panel submits its report next month, finance minister Pranab Mukherjee said on Friday at the Hindustan Times Leadership Summit. - November 19, 2010 at 06:11 AM
‘RBI report on regulating MFIs awaited’
With microfinance institutions drawing flak for their strong arm tactics, the government expects to arrive at a consensus soon on selecting a regulator for these institutions after a Reserve Bank of India appointed panel submits its report next month, finance minister Pranab Mukherjee said. - November 19, 2010 at 06:11 AM
Obama Arrives For Key NATO Talks In Portugal
The president landed in Lisbon for summits with NATO partners and the European Union. He is expected to field tough questions from U.S. allies on his exit strategy in Afghanistan and on stimulus spending at a time when many European nations are enacting austerity measures. - November 19, 2010 at 06:11 AM
Obama Faces Crucial NATO Conference In Portugal
The president arrived in Lisbon for summits with NATO partners and the European Union. He is expected to field tough questions from U.S. allies on his exit strategy in Afghanistan and on stimulus spending at a time when many European nations are enacting austerity measures. - November 19, 2010 at 06:11 AM
Obama Faces Tough Crowd At NATO Talks In Portugal
The president landed in Lisbon for summits with NATO partners and the European Union. He is expected to field pointed questions from U.S. allies on his exit strategy in Afghanistan and on spending at a time when many European nations are enacting austerity measures. - November 19, 2010 at 06:11 AM
RCom, Videocon, Unitech slide on 2G spectrum probe fears
Profit-booking by edgy investors upset over the government's probe into alleged irregularities in the award of 2G spectrum licences sent stocks of companies like Reliance Communications and Videocon Industries plunging by 8% in early trade on the BSE on Friday. - November 19, 2010 at 05:11 AM