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Power demand traces economic recovery21-NOV-09
In a clear indication of an economic revival, the demand for power in India has jumped 6.3 per cent in the April-October period this financial year, compared with the same period of 2007-08 when it had increased by a mere 0.3 per cent, its lowest growth in the past five years, owing to the global financial meltdown.
Biz confidence surpasses pre-crisis level: NCAER19-NOV-09
The business confidence index has bounced back on improving economic conditions and has in fact surpassed the level prevailed prior to the global financial meltdown, a survey has said.
Elite B-school students back in radar of finance cos12-NOV-09
After a year long slump due to global meltdown, first year students of elite B-schools are back in the radar of companies in finance and banking sectors which are now hiring them for summer internship programmes.
Montek for phasing out stimulus from next fiscal11-NOV-09
Planning Commission Deputy Chairman Montek Singh Ahluwalia pitched for phasing out of the stimulus package from next fiscal saying he agrees with the Prime Minister Manmohan Singh.
'All markets are now recovering'03-NOV-09
The biggest casualty of the global financial meltdown was real estate. Banks became wary of lending. Home buyers postponed purchases out of fears of joblessness. Companies put their real estate plans on hold or simply dumped them. Of late, things have begun to look up. Takers for reasonably-priced real estate are back. Large buyers of office space, especially the information technology companies, have started to return to the market place.
US lender CIT goes bankrupt despite $4.5 bn lifeline02-NOV-09
CIT Group, one of the largest small-business lenders in the United States, has filed for bankruptcy, with its board approving a "prepackaged" restructuring plan to shed $10 billion in debt.
Shell to cut 5000 jobs as part of restructuring02-NOV-09
Owing to the weak global economy, Royal Dutch Shell reported a sharp drop in third-quarter earnings and production on Thursday and said it would downsize by 5,000 jobs.
India, UK should work for reforms in global fin system: Prez29-OCT-09
India and Britain have a responsibility to work together for "long overdue structural reforms" of the global financial system in the wake of recent global downturn, President Pratibha Patil has said.
'Long-term investments without tax sops don't do well'25-OCT-09
The financial sector in the country is seeing significant changes. The global meltdown has made investors and financial advisors take a relook at their investment portfolios. Policy-makers are also taking measures to strengthen the system and protect investors’ interests. Sanjiv Bajaj, joint managing director of financial advisory firm Bajaj Capital, tells Vrishti Beniwal that long-term investments without tax sops do not do well in any market.
India for new initiatives with ASEAN on economic meltdown23-OCT-09
India will make a strong pitch for new initiatives with the Association of Southeast Asian Nations (ASEAN) to collectively respond to challenges thrown up by the global economic meltdown and climate change during the two day India-ASEAN and East Asia Summits beginning in Thailand on Saturday.
India Inc may see 8% salary hike in 2010: Survey22-OCT-09
India Inc is expected to witness a salary hike of 8 per cent, one of the highest pay increases in the Asia Pacific region, in 2010 riding on the country's improved economic performance, said a survey.
India to lead global recovery rally; signs of rebound by March22-OCT-09
India is expected to lead the global recovery rally as companies in the region are likely to witness significant improvement in their position as early as March next year, says a survey.
Regulatory system helped India tide over economic meltdown12-OCT-09
The emphasis on the inclusive growth and the regulatory system helped India to tide over the impact of recession even though every thing is not fine in the country.
Impact of recession to be felt in 2010-11: Montek09-OCT-09
The Planning Commission today said the impact of the global meltdown will be felt also in the next fiscal and it would not be possible to achieve the average growth target of 9 per cent in the Eleventh Plan.
Global execs feel economy recovering: survey09-OCT-09
According to results of an Executive Quiz released by global talent management service provider the Korn/Ferry Institute, as much as 40 per cent of respondents said the word "recovering" best described the state of the global economy.
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