global economic meltdown

Americans Feel 2010 Would Have A Silver Lining, Poll Reveals


January 3rd, 2010 - 8:25 pm ICT by GD
By Gina Gomez Washington, Jan 3, (THAINDIAN NEWS) The new year brings in new hopes and new aspirations for most of the Americans, a recent poll reveals. With the global economic meltdown taking ... Read more...

Posted in World News |

President Patil asks corporate houses to fully utilise domestic market


December 21st, 2009 - 10:07 pm ICT by ANI
New Delhi, Dec 21 (ANI) : President Pratibha Patil on Monday asked the corporate houses to fully utilise the country's domestic market to their advantage.Addressing the concluding session of the 'India ... Read more...

Posted in National |

CBS “60 Minutes” Features Recession Hit Wilmington Town Of Ohio


December 21st, 2009 - 9:20 pm ICT by GD
By Gina Gomez Dec.21, (THAINDIAN NEWS) The latest episode of the television program '60 Minutes' witnessed correspondent Scott Pelley revisit the town of Wilmington, Ohio which had been grappling under the onslaught of ... Read more...

Posted in Business |

Professional education takes a hit in Punjab


December 14th, 2009 - 3:45 pm ICT by IANS
By Jaideep Sarin Chandigarh, Dec 14 (IANS) Courses in management, engineering, hotel management and pharmacy may be the most sought after in other places but thousands of seats in these streams are going ... Read more...

Posted in Uncategorized |

India-France bilateral trade hit by slowdown, says envoy


November 24th, 2009 - 8:21 pm ICT by IANS
Kolkata, Nov 24 (IANS) Bilateral trade between India and France will be hit this fiscal on account of the global economic meltdown, a French diplomat said here Tuesday. "Our target was to reach ... Read more...

Posted in Business |

World Economic Forum Celebrates 25 Years in India


November 8th, 2009 - 2:41 pm ICT by ANI
New Delhi, Nov.8 (ANI): Marking 25 years of ties with India, the Co-Chairs of the India Economic Summit highlighted India's success as a globally competitive economy and for weathering the current financial ... Read more...

Posted in Business |

Government to formulate national fibre policy by year-end


October 7th, 2009 - 5:08 pm ICT by IANS
Kolkata, Oct 7 (IANS) The central government has constituted a working group to formulate a National Fibre Policy (NFP) by the end of the year, Textiles Minister Dayanidhi Maran said Wednesday. "Hopefully, ... Read more...

Posted in Business |

Hydrocarbon regulator repeats views on Ambani spat (Lead)


October 1st, 2009 - 8:36 pm ICT by IANS
New Delhi, Oct 1 (IANS) The public spat and litigation between the Ambani brothers could adversely affect the sentiments of foreign companies interested in investing in India's oil and gas exploration, the ... Read more...

Posted in Business |

Ambani fight could affect India’s hydrocarbon auction: Regulator


October 1st, 2009 - 6:14 pm ICT by IANS
New Delhi, Oct 1 (IANS) The public spat and litigation between the Ambani brothers could adversely affect the sentiments of foreign companies interested in investing in India's oil and gas exploration, the ... Read more...

Posted in Business |

West Bengal revels in Durga Puja


September 25th, 2009 - 5:46 pm ICT by IANS
Kolkata, Sep 25 (IANS) Leaving behind the dark shadow cast by the global economic meltdown, the destruction caused by cyclone Aila and the swine flu epidemic, West Bengal was in top celebratory ... Read more...

Posted in Health Science |

Ambuja Realty opens City Centre II in Kolkata


September 19th, 2009 - 9:58 pm ICT by IANS
Kolkata, Sep 19 (IANS) Real estate major Ambuja Realty Saturday opened its much-awaited City Centre II which has a mall and a five-star hotel and was built at a cost of Rs.275 ... Read more...

Posted in Business |

India will see signs of recovery this fiscal: Rangarajan


September 17th, 2009 - 5:23 pm ICT by IANS
Hyderabad, Sep 17 (IANS) Indian economy will see "definite signs of recovery" in the second half of the current financial year and will grow between 6 and 6.5 percent in the ... Read more...

Posted in Business |

Interest rates may harden a bit, says Rangarajan


September 17th, 2009 - 3:34 pm ICT by IANS
Hyderabad, Sep 17 (IANS) Interests rates may marginally increase towards the end of the current fiscal as the economic situation is improving and demand is picking up, Prime Minister's Economic Advisory Council ... Read more...

Posted in Business |

East India Hotels plans Rs.250 crore investment (Lead, Changing dateline)


August 20th, 2009 - 9:33 pm ICT by IANS
Kolkata, Aug 20 (IANS) East India Hotels (EIH), the flagship company of hospitality major Oberoi Group, will likely have a capital expenditure of Rs.250 crore till 2011, a top company official said ... Read more...

Posted in Business |

East India Hotels eyes Gulf for expansion


August 20th, 2009 - 6:17 pm ICT by IANS
New Delhi, Aug 20 (IANS) East India Hotels (EIH), the flagship company of hospitality major Oberoi Group, is setting up two hotels in the Gulf region, one at Abu Dhabi and the ... Read more...

Posted in Business |

Recession-hit Bangalore techies settle for low-paying jobs


July 25th, 2009 - 12:39 pm ICT by IANS
By Maitreyee Boruah Bangalore, July 25 (IANS) Till a few months ago, IT professional T.V. George was earning Rs.70,000 per month, plus perks. But after losing his high-paying job, and being unemployed for ... Read more...

Posted in Sci-Tech |

ITC plans greenfield paper plant, major hotel expansion


July 24th, 2009 - 10:00 pm ICT by IANS
Kolkata, July 24 (IANS) Tobacco-to-hotels major ITC Ltd is planning to set up a $1-billion greenfield paper plant and expand its hotel business, a top company official said here Friday. "We are looking ... Read more...

Posted in Business |

Tripura fast emerging as a major tea exporting state


July 11th, 2009 - 10:47 pm ICT by ANI
By Pinaki DasAgartala, July 11 (ANI): With its favourable agro climatic conditions, Tripura is fast emerging as a major tea exporting state in the region. The industry has evolved into a major ... Read more...

Posted in Feature |

Michael Moore’s new documentary about global economic meltdown


July 10th, 2009 - 1:29 pm ICT by ANI
London, July 10 (ANI): The title of Michael Moore's next documentary film is 'Capitalism: A Love Story'.The director, who is renown for making 'Bowling for Columbine', which that went on to win ... Read more...

Posted in Entertainment |

Brown supports India’s bid for UNSC


July 8th, 2009 - 7:46 pm ICT by ANI
L'Aquila (Italy), July 8 (ANI): India's bid to become a permanent member of the United Nations Security Council got a boost when British Prime Minister Gordon Brown expressed his support for ... Read more...

Posted in World |

Manmohan Singh meets Brown on G-8 sidelines


July 8th, 2009 - 7:01 pm ICT by ANI
L'Aquila (Italy), July 8 (ANI): The Prime Minister, Dr. Manmohan Singh, today met his British counterpart Gordon Brown on the sidelines of the G-8-G-5 summit.Sources said the two leaders discussed issues ... Read more...

Posted in World |

Budget does not satisfy needs of common man: Patnaik


July 6th, 2009 - 8:58 pm ICT by IANS
Bhubaneswar, July 6 (IANS) Orissa Chief minister Naveen Patnaik criticized the union budget presented Monday by Finance Minister Pranab Mukherjee in the Lok Sabha saying that it does not satisfy the ... Read more...

Posted in Business |

Time not right to raise taxes, says finance secretary


July 6th, 2009 - 6:59 pm ICT by IANS
New Delhi, July 6 (IANS) Tax rates were not raised in the 2009-10 budget proposals as economic conditions remained difficult while tax relief for individuals would help boost consumption, Finance Secretary ... Read more...

Posted in Business |

In meltdown times, feel the Joy of Giving


June 27th, 2009 - 7:19 pm ICT by IANS
Bangalore, June 27 (IANS) NGOs from across India have joined hands to celebrate the Joy of Giving Week from Sep 27 to raise funds and help around 20 million needy people in ... Read more...

Posted in Business |

Pink slip fear drives Bangalore techies to docs


June 26th, 2009 - 12:13 pm ICT by IANS
By Maitreyee Boruah Bangalore, June 26 (IANS) IT professionals in this tech hub are battling the global downturn with the help of doctors. Living under the constant fear of losing their jobs or ... Read more...

Posted in Sci-Tech |

Indian Aviation Minister suggests Initial Public Offer of Air India


June 1st, 2009 - 9:04 pm ICT by ANI
New Delhi, June 1(ANI): Union Civil Aviation minister Praful Patel said on Monday that in the near future, the government might come up with an initial public offering (IPO) of the national ... Read more...

Posted in National |

Power cuts cost India Inc over Rs.43,000 crore: Study


May 27th, 2009 - 7:41 pm ICT by IANS
New Delhi, May 27 (IANS) The global economic meltdown is not the only factor that is pulling down the revenues of Indian businesses. A study released here Wednesday said India Inc lost ... Read more...

Posted in Business |

Manmohan Singh’s reassuring return for Obama administration


May 16th, 2009 - 8:24 pm ICT by IANS
By Mayank Chhaya Washington, May 16 (IANS) The clarity of the electoral outcome in India and the return of Manmohan Singh as prime minister are bound to reassure the Obama administration ... Read more...

Posted in World |

India’s IT professionals upset with Obama


May 5th, 2009 - 6:59 pm ICT by IANS
By Maitreyee Boruah Bangalore, May 5 (IANS) Indian IT professionals Tuesday slammed President Barack Obama's move to end tax incentives for US companies that ship jobs to countries like India, saying it ... Read more...

Posted in Business |

British Columbia starting liaison office in Chandigarh


April 28th, 2009 - 12:08 pm ICT by IANS
By Alkesh Sharma Chandigarh, April 28 (IANS) Despite the global economic meltdown, the government of Canada's British Columbia (BC) province is all set to establish a business investment and skills liaison office here ... Read more...

Posted in Business |

Bangladesh announces $500 mn recession relief package


April 19th, 2009 - 10:07 pm ICT by IANS
Dhaka, April 19 (DPA) Bangladesh Sunday announced an economic stimulus package worth over $500 million to offset the fallout of global economic meltdown, officials said. Finance Minister A.M.A. Muhith announced the package amounting ... Read more...

Posted in Business |

Poll fever keeps ’spirits’ high in Bangalore pubs


April 18th, 2009 - 11:35 am ICT by IANS
By Maitreyee Boruah Bangalore, April 18 (IANS) Pubs and bars are all packed in the evenings in India's tech capital. But, unlike other times, the buzz is not about office gossip or business ... Read more...

Posted in Politics |

Facing biggest slump since 2002, Silicon Valley firms eye India


April 15th, 2009 - 1:19 pm ICT by IANS
By Arun Kumar Washington, April 15 (IANS) With major companies in the Silicon Valley suffering the biggest slump since the dot-com bust, some firms are eyeing India and China to recover from the ... Read more...

Posted in World |

Silicon Valley firms facing biggest slump since 2002: Report


April 14th, 2009 - 7:13 pm ICT by IANS
San Francisco, April 14 (Xinhua) Major companies in the Silicon Valley are suffering the biggest slump since the dot-com bust, further proving that the leading technology hub is not immune from the ... Read more...

Posted in Business |

Haqqani says no comparison between US bailout package and AFPAK aid


April 8th, 2009 - 2:52 pm ICT by ANI
Washington, Apr. 8 (ANI): There is no comparison between the additional aid being offered to Pakistan and Afghanistan by the Obama administration, and the bail-out package for tackling the economic meltdown ... Read more...

Posted in South Asia |

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