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Tata Motors guard attacked by locals

A private security guard at the Tata Motors plant in India’s West Bengal has been attacked while guarding the Tata motor plant.Work at the factory,

[Business] Zimbabwe extends its dollarized economy

Zimbabwe business leaders have urged the Reserve Bank of Zimbabwe to extend the deadline for retailers and wholesalers to seek permission to price their goods ...
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[Business] Venezuela airline interested in Alitalia

Venezuelan airline Aserca is believed to be making an offer for distressed Italian national flag carrier Alitalia.Ascera has said it will make details of its ...
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[Business] India ready to help Nepal raise $20 bn for hydropower sector

The third Power Summit, with 'harnessing power' as its theme, kicked off here Tuesday with India pledging to help Nepal develop its potentially rich hydropower ...
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[Business] Anil Ambani group, Spielberg to set up $1.5 billion studio

(IANS)India's Reliance Anil Dhirubhai Ambani Group and celebrated filmmaker Steven Spielberg are setting up a new studio in Los Angeles under a $1.5-billion project that ...
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[Business] General Motors to restructure billions in debt

As a means of restructuring in the face of uncertain markets, General Motors Corp has announced plans to draw down the remaining $3.9 billion of ...
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[Business] Airbus promises superjumbos will be on time

Airbus, the world's largest plane maker, has said it will meet its goal of delivering 12 A380 superjumbo jetliners this year.French newspapers have been tipping ...
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[Business] Air India gets $548.6 mn Ex-Im Bank loan

The Export-Import Bank (Ex-Im Bank) of the US has given India's national carrier Air India $548.6 million in loan guarantees to support the purchase of ...
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[Business] Anil Ambani group to inject $550 mn for studio with Spielberg

In a unique Bollywood-Hollywood partnership, the Reliance Anil Dhirubhai Ambani Group will invest $550 million to form a new venture with Steven Spielberg, allowing him ...
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[Business] Federal Reserve throws AIG $85 billion lifeline

The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up ...
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Air New Zealand announces test flight using new biofuel

(IANS)Air New Zealand will make the world's first commercial aviation test flight powered by fuel created from the seeds of the African jatropha plant next

Nokia Siemens Networks to trim jobs

(IANS)The 50:50 joint venture Nokia Siemens Networks said Tuesday it planned to cut some 1,250 jobs in Finland and Germany as part of cost-cutting measures.The

Credit card pullback during festive season

Holiday season consumers are supposedly trying to limit their credit card purchases this year.A survey conducted for Reuters has shown a total of 88.6 percent

IMF chief calls for coordinated action to tackle financial crisis

IMF Managing Director Dominique Strauss-Kahn has urged the Group of Twenty (G-20) leaders to deal with the immediate fallout from the financial crisis through coordinated

India now top import source for Bangladesh

India has regained the top position as Bangladesh's importing source, beating China, having exported rice worth $874 million last year.Statistics released here last week by

Yen rises against world currencies

The yen has risen against the dollar and the euro, with investor sentiment remaining jittery over global recession fears.On Monday, Tokyo's Nikkei share average surrended

New attraction in Bangladesh: Taka 1000 currency note

(IANS)Bangladesh has introduced new Taka 1000 currency notes and they are much in demand with many heading to street vendors in the capital and even

Another two banks fail in US

Two more failed banks have brought the tally in the US to 19.On Friday, the government closed down Franklin Bank, a Houston, Texas-based bank and

British car sales down, but Tata's Jaguar up

(IANS)Sales of new cars in Britain fell by 23 percent in October - the steepest fall for 17 years - but Tata-owned Jaguar bucked the

IMF releases world forecast

Thursday 6th November, 2008  The International Monetary Fund released its global economic forecast Thursday in the face of a growing credit crisis and predicted a recession
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