Swiss bank UBS revealed a second round of subprime-related writedowns of about $19 billion on Tuesday, becoming the world's worst-hit bank in the US mortgage crisis. The latest writedown was the biggest single subprime hit so far worldwide and came
A proposal Monday for the most sweeping overhaul of financial market regulation since the New Deal evoked a range of reaction from praise to outright skepticism. But even backers of the plan, unveiled by US Treasury Secretary Henry Paulson, said
However, the company recorded a jump of 84 per cent in exports of the tractor in March 2008 year at 1,387 units as compared to 752 units in the same period last year, Mahindra said in a release. It has
At the summit, Minister of State for Food and Public Distribution Akhilesh Prasad Singh highlighted the challenges faced by the Indian government in ensuring food security, an official release said. "Efforts are being made to raise the annual production of
A day after the Cabinet Committe on Prices announced measures to control inflation that is at a 13-month high, the Food Ministry decided to dismantle the buffer stock of two million tons from next month. The buffer stock was created
The two agencies, which have been launched under the group's new venture, Mudra MAX, will focus on delivering enhanced services to its customers," Mudra Group's Managing Director & CEO, Madhukar Kamath, told reporters, here. "The group achieved an year-to-year growth
Confirming the date for the FTP, Commerce Secretary G K Pillai expressed confidence that India's exports would reach 155 billion dollars for the fiscal 2007-08. "We have reached 138 billion dollars up to February... We expect to achieve 155 billion
Earlier, the plan outlay for 2008-09 was estimated at Rs 19,000 crore. It has now been increased to Rs 21,000 crore keeping in view the rapid growth recorded by the state," Gujarat Chief Minister Narendra Modi said after a three-hour
Plan size for the current year was agreed at Rs. 21000 crore. This includes additional Central assistance of Rs.130 crore for projects of special importance to the State. Ahluwalia complimented the State Government for good performance, and said both fiscal
Speaking to reporters here, UP NABARD chief general manager Sukhbir Singh said, 86 villages in 46 districts of the state have been selected to be developed in an integrated manner. Under the programme, infrastructure and human development including education, health,
A day after the Cabinet Committee on Prices announced measures to control inflation that is at a 13-month high, the Food Ministry decided to dismantle two million tons of sugar from the buffer stock starting next month. The buffer stock
The West Bengal government has been doing an exercise in this regard, particularly with the New Kolkata International Development (NKID), a consortium led by Indonesia-based Salim Group. "We are talking to all interested parties for finalising a developer for the
Sources in the aviation industry said that the airlines were calculating the impact of the hike in ATF prices and would announce an increase in fares soon. The move comes after Indian Oil Corporation announced an over 13 per cent
Builder Krishnamilan Shukla alias Baba Shukla was arrested on charges of forgery, cheating and criminal conspiracy after housing loans of Rs 2.2 crore issued by the bank were not paid, police said. Loans were disbursed by the ICICI Bank to
Based in Gurgaon, Chateux is a leading player in customised solutions in activation marketing and has offices in Mumbai and Bangalore. G2 Wordlwide acquired a US-based refinery and Chinese firm Star Echo last year as a part of its global
Since the recent spike in the rate of inflation has been mainly on account of a spurt in the prices of food and essential commodities, the cut in customs duties will, to an extent, address the problem of availability of
The sales turnover of the company stood at Rs 256 crore, Mishra Dhatu Nigam Ltd (Midhani) said in a statement. The order book of the defence public sector undertaking stands at Rs 700 crore, including orders worth Rs 232 crore
Tokyo, Japan, Apr 1, 2008 - (JCN Newswire) - ANA will tonight commence daily flights to Hong Kong from the conveniently located Haneda Airport in Tokyo, using a 216-seat Boeing 767-300 aircraft in a two class configuration of 40 Club
Tokyo, Japan, Apr 1, 2008 - (JCN Newswire) - Tokyo based logistics companies Nippon Express, Kintetsu World Express and airline All Nippon Airways (ANA), today established a new joint venture company to provide business to business international express delivery services
Tokyo, Japan, Apr 1, 2008 - (JCN Newswire) - Japan Airlines (JAL) will provide support to the UNICEF-sponsored J8 (Junior Eight) Summit 2008 to be held in Hokkaido from July 1 to July 10, 2008.
