downturn

Public sector bank’s non-performing assets not alarming: FM (Roundup)


August 18th, 2012 - 7:20 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday tried to calm the jittery financial sector stating that the rise in non-performing assets (NPAs) of public sector banks ... Read more...

Posted in Business |

Brazilian agribusiness faces shrinking global demand


August 8th, 2012 - 12:41 pm ICT by IANS
Rio de Janeiro, Aug 8 (IANS/EFE) Production in Brazil's agri-industrial sector fell 3.9 percent in the first half of the year compared with the same period of 2011, a statistics ... Read more...

Posted in Business |

Volvo reports better profit in Q2 than expected


July 25th, 2012 - 1:11 pm ICT by IANS
Stockholm, July 25 (IANS) Swedish auto manufacturer Volvo group has posted a profit of 6,764 million Swedish kronor (about $970 million) before tax in the second quarter this year, which ... Read more...

Posted in Business |

BJP slams government over economic situation (Lead)


June 12th, 2012 - 9:21 pm ICT by IANS
New Delhi, June 12 (IANS) The Bharatiya Janata Party (BJP) Tuesday slammed the Congress-led government charging it with "policy paralysis" for the downturn in the economic situation, a day ... Read more...

Posted in Politics |

BJP slams government over economic situation (Lead)


June 12th, 2012 - 9:21 pm ICT by IANS
New Delhi, June 12 (IANS) The Bharatiya Janata Party (BJP) Tuesday slammed the Congress-led government charging it with "policy paralysis" for the downturn in the economic situation, a day ... Read more...

Posted in Politics |

Car sales growth lowest in last seven months


June 11th, 2012 - 5:39 pm ICT by IANS
New Delhi, June 11 (IANS) Domestic passenger car sales recorded the slowest growth in the last seven months in May at 2.78 percent and stood at 1,63,229 units from 1,58,809 ... Read more...

Posted in Business |

`South Korean exports to grow’


April 10th, 2012 - 2:44 pm ICT by IANS
Seoul, April 10 (IANS) South Korea's exports were estimated to grow 3 percent in the second quarter due to expected solid demand from advanced economies, a state-run trade bank said ... Read more...

Posted in Business |

‘Indian print media will flourish for 15 years’ (Lead)


April 1st, 2012 - 6:57 pm ICT by IANS
New Delhi, April 1 (IANS) In contrast to the steep fall in newspaper circulation in the US, the Indian newspaper industry will witness strong growth for the next decade and ... Read more...

Posted in Entertainment |

Indian print media will flourish for next 15 years


April 1st, 2012 - 2:52 pm ICT by IANS
New Delhi, April 1 (IANS) In contrast to the West, the Indian newspaper industry will grow strongly for another decade and a half due to mounting literacy, says international media ... Read more...

Posted in Entertainment |

US new home sales fall 1.6 percent in February


March 24th, 2012 - 1:08 am ICT by IANS
Washington, March 23 (IANS) Sales of new single-family houses in the US declined in February, the Commerce Department said Friday.Sales of new single-family houses in January dropped to a seasonally ... Read more...

Posted in Business |

Pandit’s Citi Bank found wanting in stress test (Lead)


March 14th, 2012 - 1:33 pm ICT by IANS
Washington, March 14 (IANS) America's central bank has found four of 19 largest US financial firms, including Citi Bank led by Indian American CEO Vikram Pandit, wanting and which need ... Read more...

Posted in Business |

Australia keeps cash rate on hold


March 6th, 2012 - 1:53 pm ICT by IANS
Sydney, March 6 (IANS) The Reserve Bank of Australia (RBA) Tuesday announced its decision to keep the official cash rate on hold at 4.25 percent.The RBA, after its March board ... Read more...

Posted in Business |

One in five in Britain borrow money for food


March 5th, 2012 - 11:53 pm ICT by IANS
London, March 5 (IANS) One in five Britons borrow money for groceries because of the soaring cost of living, a study has found.One in four said they have had to ... Read more...

Posted in Health Science |

Thomas Cook’s India business up for sale


February 8th, 2012 - 7:19 pm ICT by IANS
Mumbai, Feb 8 (IANS) Global travel business major Thomas Cook Wednesday said it was in the process of selling its 77.1 percent stake in its Indian subsidiary and had received ... Read more...

Posted in Business |

India’s fiscal deficit projected to fall


January 24th, 2012 - 10:01 pm ICT by IANS
Washington, Jan 24 (IANS) In India, the cyclically adjusted deficit is projected to fall by about 0.50 percent of GDP this year, according to the International Monetary Fund (IMF).However, the ... Read more...

Posted in Business |

Markets rise on CRR cut, Sensex closes tad below 17,000 (Third Lead)


January 24th, 2012 - 5:20 pm ICT by IANS
Mumbai, Jan 24 (IANS) Indian equities markets rose Tuesday with investors cheering an unexpected cut in the cash reserve ratio (CRR) by the Reserve Bank of India. A benchmark ... Read more...

Posted in Business |

Global economy heading for another downturn: RBI


January 24th, 2012 - 2:40 pm ICT by IANS
Mumbai, Jan 24 (IANS) Just after three years, the global economy is heading for another downturn mainly because of eurozone debt crisis that would also pull down India's growth, the ... Read more...

Posted in Business |

Downturn temporary, India will clock high growth soon: Pranab


December 27th, 2011 - 6:02 pm ICT by IANS
New Delhi, Dec 27 (IANS) The Indian economy would soon be on a higher growth trajectory with inflation moderating and the savings rate going up, Finance Minister Pranab Mukherjee ... Read more...

Posted in Business |

Beijing car sales to plummet in 2011


December 24th, 2011 - 5:37 pm ICT by IANS
Beijing, Dec 24 (IANS) Car sales in Beijing will plummet from last year's 890,000 units to 400,000 units in 2011 because of the city's new traffic rules, experts say.Beijing adopted ... Read more...

Posted in Business |

Downturn temporary, return to high growth soon: Pranab


December 14th, 2011 - 6:05 pm ICT by IANS
New Delhi, Dec 14 (IANS) The current downturn in Indian industrial and economic growth is temporary and the country would soon revert to high growth path as it ... Read more...

Posted in Business |

`Brazil’s economic slowdown is temporary’


December 7th, 2011 - 11:17 am ICT by IANS
Rio de Janeiro, Dec 7 (IANS/EFE) The Brazilian economy stalled in the third quarter after eight consecutive quarters of growth, a sudden halt that the government both expected and considers ... Read more...

Posted in Business |

Train your brain to be happy, and live longer


November 23rd, 2011 - 6:03 pm ICT by IANS
London, Nov 23 (IANS) Scientific evidence now suggests that one can boost up one's mood by training the brain to do so.People who are content are believed to live longer, ... Read more...

Posted in World |

Jet needs to raise cash flows, funds, say auditors


November 22nd, 2011 - 5:57 pm ICT by IANS
Mumbai, Nov 22 (IANS) Airline major Jet Airways needs to generate cash flows or raise funds to meet its existing obligations, including the support to its low-cost subsidiary JetLite, the ... Read more...

Posted in Business |

Countries may go slow on tax incentives for culture: E&Y;


November 17th, 2011 - 8:19 pm ICT by IANS
New Delhi, Nov 17 (IANS) Countries across the world will find it difficult to give tax incentives, exemptions to various cultural projects given the strained finances some of them have ... Read more...

Posted in World |

Eurozone crisis hurting India’s exports, growth: Pranab


November 14th, 2011 - 5:53 pm ICT by IANS
New Delhi, Nov 14 (IANS) The deepening crisis in the European countries has negatively impacted India's economic growth and is hurting exports as some developed countries have turned ... Read more...

Posted in Business |

London to suffer leisure tourism slump during Olympics: Survey


November 6th, 2011 - 5:25 pm ICT by IANS
London, Nov 6 (IANS) London is set to suffer a 95 percent leisure tourism slump during the 2012 Olympic Games, a survey said Sunday.In a survey conducted amongst its ... Read more...

Posted in Sports |

Will you mind paycut to save office colleague?


October 5th, 2011 - 12:33 pm ICT by IANS
London, Oct 5 (IANS) While the recent global financial downturn saw employees competing with each other to survive at the workplace, the challenging phase also seemed to have built up ... Read more...

Posted in Uncategorized |

Recession effect to last 10 years: Report


September 13th, 2011 - 10:38 am ICT by IANS
London, Sep 13 (IANS) The effects of the global economic crisis could be felt in Britain for as long as 10 years, says a new report.A report released Monday by ... Read more...

Posted in Business |

Indian IT industry concerned over global economic crisis


June 21st, 2011 - 12:32 am ICT by IANS
Bangalore, June 20 (IANS) The resurgent Indian IT industry Monday expressed concern over the fragile global economy plunging into crisis again due to sovereign debt defaults in Europe, sluggish growth ... Read more...

Posted in Business |

82pc of Oz workers want to quit their jobs


March 16th, 2011 - 2:55 pm ICT by ANI
Melbourne, Mar 16 (ANI): Hate your job? Well, you are not alone, as more than 80 percent of Australian workers want to quit their job, reveals a survey.Job dissatisfaction among Aussies has ... Read more...

Posted in World |

Some millionaires do not feel wealthy: Fidelity survey


March 15th, 2011 - 6:49 pm ICT by ANI
Washington, Mar.15 (ANI): Four out of ten respondents in a survey conducted by Fidelity Institutional Wealth have said that they do not feel wealthy, even though they reported an average of 3.5 ... Read more...

Posted in World |

Oz body calls for student visa regime reform


March 14th, 2011 - 4:53 pm ICT by ANI
Canberra (Australia), Mar.14(ANI): The Australian Government has been urged to reform its international student visa program to curb the overseas students downturn.On Monday, Indrajeet Chauhan, the international students' officer of the National ... Read more...

Posted in World |

Bombardier aircraft sales slip 19 percent


February 18th, 2011 - 12:39 pm ICT by IANS
Toronto, Feb 18 (IANS) Metro and aircraft maker Bombardier Thursday reported an almost one-fifth drop in its aircraft sales in the fiscal year ending Jan 31 as compared to the last year.The ... Read more...

Posted in Business |

Japan acknowledges China has overtaken it as world’s second-largest economy


February 14th, 2011 - 2:04 pm ICT by ANI
New Delhi, Feb 14 (ANI): China's economy has surpassed Japan's as the world's second largest in 2010, the Japanese Cabinet Office has said.China was acknowledged last year as having grown to ... Read more...

Posted in World |

India confident of over 9 pc growth next year: President (Lead)


January 25th, 2011 - 9:21 pm ICT by IANS
New Delhi, Jan 25 (IANS) President Pratibha Patil Tuesday said the government was confident of achieving over 9 per cent economic growth next year, but admitted that rising inflation, specially food ... Read more...

Posted in Business |

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