Stocks surged on the Tokyo Stock Exchange Wednesday morning, after the Federal Reserve's big interest rate cut and two major U.S. investment banks' better-than-expected earnings results buoyed Wall Street overnight. At the morning close, the 225-issue Nikkei average stood up
Fried Chicken Japan Ltd. said Wednesday it will raise prices for 22 types of products by 6.8 pct on average on April 24 amid higher materials costs. The company last raised prices for its key products in April 1992.
If the export incentives in the form of Duty Entitlement Pass Book (DEPB) scheme was withdrawn, the bottomlines of major steel producers may take a hit of about Rs 600 crore. Paswan has written to Singh pointing out that the
The market had galloped in the early trade as fears of a global turmoil in credit markets eased after a steep interest rate cut by the US Federal Reserve, but it pared large part of its intra-day gains, even though,
Sky-rocketing food prices in Egypt since the start of the year are being matched by a rumbling wave of popular discontent and unprecedented strikes and demonstrations. Textile workers, teachers, doctors and accountants have all threatened strikes under the united banner
Oil and gold prices plunged from recent record highs on Wednesday, as markets were rattled by concerns that ongoing global economic turmoil would dent demand for commodities, analysts said. New York's main oil contract, light sweet crude for delivery in
This means that institutional investors will be able to sell shares without owning them at the time of trade. Simultaneously, a full-fledged securities lending and borrowing scheme, the essential condition for short selling, would also start from April 21, the
IBM's strategy combines unified communications -- convergence of information technology and telecommunications -- with collaboration to enable a wide range of innovations that can change the way people work together, it said in a statement. In a near future major
State Finance Minister Jayant Patil, while presenting the budget, said the present exemption on wheat, rice, pulses, jaggery, turmeric, chillies, among others may continue till March 31, 2010. But, he indicated, these commodities may attract tax thereafter as a new
Lebanon's Price Index Committee is expected to reach a final agreement on a new minimum wage on March 27, resigned Labor Minister Trade Hamadeh said on Wednesday. Hamadeh was speaking after a meeting of the committee, which is composed of
With the myriad political and economic headaches bedeviling Lebanese firms, improving their corporate governance practices might represent a relatively plausible way to achieve some tangible gains, said participants of a workshop on corporate governance Wednesday.
This announcement was made by the University here. Khattar is the second Indian to receive the fellowship from the Department of Accounting, Banking and Financial Systems of the University, after Jyoti Bose, Director of Springdales Schools. After completing a Bachelor
The plea was made by party spokesman Manish Tewari who asked the banks to follow the example of Central Bank of India and Allahabad Bank, which have reduced interest rates on home loans. Following Finance Minister P Chidambaram's advice, other
The announcement in this regard and the valuation of the deal is expected to be made in a week or 10 days' time, they said. Meanwhile, a private TV channel, quoting sources, said that the talks between Tatas and Ford
The award, in recognition to his contribution to the financial services industry, was conferred to Khandelwal by Senator Paul Sarbanes at Ohio in Vietnam, a release said. "The award has been conferred to Khandelwal for his reinvigoration of BoB and
Terming the loan waiver effected about five years ago as "uncalled for concession", the PIL filed in October last year sought a CBI enquiry into the role of the banks and some influential politicians behind the granting this advantage to
A notice for the postal ballot for this purpose has been issued, the company said in a filing to the Bombay Stock Exchange. The shareholders approval would be sought through postal ballot to carry on the business of ginners, spinners,
Ansal Properties and Industries Ltd has unjustifiably retained the amount of Rs 30 lakh or so for a long 10 years without having refunded the same to the complainant," Commission president Justice J D Kapoor said, holding the construction company
FIIs made gross sale of equities worth Rs 3,797.62 crore and gross purchase of Rs 3,828.16 crore, resulting in a net investment of Rs 30.54 crore. On the other hand, the net investment by domestic institutional investors was Rs 142.19
The forged pistons made with 'controlled forging' technology of Yamaha have excellent strength with smaller reciprocating mass, the company said in a release. The forged piston will be introduced in the new 150cc YZF-R15, unveiled by the company during Auto
