In its continued fight against the economic meltdown, the US Government on Tuesday announced yet another package of a whopping $800 billion (about Rs 40 lakh crore) with a view to augmenting consumer loans by the near-bankrupt banking and mortgage institutions.
Air India on Tuesday said it was withdrawing the transaction fee levied on tickets booked to Europe and the US. The withdrawal comes into effect from tomorrow and ticket prices would be cheaper by Rs 350 to Rs 10,000 to Europe and the US, an Air India spokesperson said.<br>
Microfinance is a sector that has gained popularity in the present scenario of a financial crisis and a global economic slowdown. Well, community banks or cooperative credit societies are another kind of micro financing mechanism, which have now come to the fore.
The economy took a tumble in the summer that was worse than first thought as American consumers throttled back their spending by the most in 28 years, further proof the country is almost certainly in the throes of a painful recession.
The ripples of global slowdown have already hit Indian shores and the first signs are layoffs at the Indian arms of global investment banks. The investment banking jobs once meant enviable salaries, but not any more. After the closure of high-profile investment banks in the US, the crisis has hit home.
Is your boss a killer? A study into poor leadership and bad health of staff suggests that a bad boss can send you to an early grave.
An Indian on the run after allegedly gunning down his estranged wife and another person in a New Jersey church has been arrested after a nationwide alert.
The Obama-Biden transition team has roped in a number of Indian-Americans, mostly specialists and leading academicians, to assist the Democrats in assuming the responsibilities of the administration.
Heavy rains accompanied by gusty winds swept parts of Tamil Nadu forcing authorities to close schools and colleges in Chennai and three other districts on Wednesday.
Don’t bank on us — is that the message from one of the leading banks in the country? The Bank has refused loans to youth picked up on suspicion after the Hyderabad blasts last year even though there is no evidence to link them to terror.