A 6.8 magnitude earthquake has hit off the coast of Japan, with its epicentre located some 150 kilometers from the city of Namie in Fukushima prefecture triggering a tsunami alert, RT News reports.
Diamond cutting and polishing industry had laid off over 20 per cent of its skilled labour (total estimated strength is one million).
Leading carmakers are considering raising prices of their vehicles across the board, if the government withdraws the excise duty benefit in the coming Budget.
It could be either a nuclear war, a meltdown by the ageing Sun or a fatal hit by an asteroid or a black hole -- the reason could be any but the fact is our Earth may be facing a disaster sooner than we thought.
The move indicates that Morgan Stanley would keep a watch on its risk-taking ability a year after the global financial meltdown.
Rentals for commercial complexes fell sharply and the land, developers felt, could be employed for other purposes.
After delaying liberalisation for foreign banks by over a year due to global financial meltdown, the Reserve Bank on Tuesday decided to review its position by September this year in the wake of improving conditions worldwide.
The government on Wednesday said the fiscal stimulus given to the industry to combat the adverse impact of the global financial meltdown will not be withdrawn before the budget.
The year also saw the government allowing company bidding for a road project to hold up to 25 per cent stake in a firm bidding for another project from 5 per cent earlier.
India is in the cusp of a reverse brain drain as the country's great minds are flocking back to the resilient economy that has withstood the global meltdown, Salman Khurshid, minister of state for corporate and minority affairs, has said.
Australia's Alex de Minaur fought back from a set down to beat former world number one Andy Murray
Left-arm spinner Ravindra Jadeja led India's brilliant bowling performance in a lopsided nine-wicket win against West Indies to wrap up a 3-1 series victory in the fifth and final one-day international.
The fiscal crisis brought about an increased burden on monetary policy and different countries met it in different ways.
The unemployment rate in the United Kingdom slipped to 7.8 per cent in the three months leading to May, and the number of unemployed people declined to 2.47 million during the same period.
Reserve Bank of India Governor D Subbarao on Wednesday contested the idea of "making banking boring" to bring back economic stability, mooted by Nobel laureate Paul Krugman in the wake of global financial meltdown.
The government's huge borrowing to fund the high fiscal deficit could jack up interest rates, but if used efficiently, this could boost the Indian economy, reeling under a global meltdown, according to economists.
The Reserve Bank has entered into an agreement buy up to $10 billion (over Rs 45,000 crore) worth notes from the IMF to help the multilateral agency shore up its resources for assisting countries hit by the global financial meltdown.
"When the economy prospers and the stock market does well, executives reap the rewards. But when markets decline, executives also suffer financial setbacks."
Finance minister Pranab Mukherjee, however, had said that stimulus measures need to continue till there is robust recovery in the developed world, which account for bulk of India's exports.
'The current financial year will see the full impact of this crisis, and we will start seeing the recovery in the next financial year.'
"The unemployment rate for the OECD area was 8.6 per cent in September 2009, the same as the previous month and 2.3 percentage points higher than a year earlier."
The interest subvention on pre-shipment credit for seven sectors, including handlooms, handicrafts, carpets, leather, gems and jewellery, marine products will now be available till March 31, 2010. "Our exporters by virtue of their close links to the external sector have borne the brunt of the global economic crisis. It is appropriate that we continue to provide them all possible assistance to them overcome the short term disadvantages," Finance Minister Pranab Mukherjee said
Every time the Indian economy has faced headwinds due to international developments, the oil sector has played a crucial role, explains A K Bhattacharya.
On a short trip in Mumbai for a board meeting, Nick Thomlinson, chairman of Knight Frank, the global residential and commercial property consultancy, shares his insights and forecasts with Byravee Iyer.
The government should cut customs duties and streamline export promotion schemes and pay special attention to infrastructure to overcome the contracting exports on account of recession in India's major trading partners, the Economic Survey said.
On the Rs 20,000-crore (Rs 200-billion) modernisation of Delhi and Mumbai airports, the survey said work is in progress, adding that while the Delhi Airport project is likely to be completed by 2010, work at Mumbai airport will be over by 2012.
SST remains as a turnover tax (whether profit or loss) and not tax on income. Day traders and arbitrageurs, who generally trade on thin margins, are affected the most as STT raise their transaction cost. Any further hike in SST could prove negative and damper market sentiments. Removal or reduction in STT will pep up the stock market. Asset pricing is also likely to go up with reduction in transaction cost.
Seeks removal of commodity transaction tax, which was never notified amidst strong protests, reduction in securities transaction tax to cut transaction cost and boost volumes.
India will make a strong pitch for new initiatives with ASEAN countries 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 tomorrow.
US President Barack Obama has released his plan to reform Wall Street. A look...
RIL has been ranked in the 11th position ahead of global biggies like Jacobs Engineering, World Fuel Services, ABB, Amazon.com and America Movil.
Growing fiscal deficit as a result of governments' efforts to prop up their respective economies has the potential to undermine the autonomy of central banks, whose credibility has already been dented due to the financial meltdown, RBI Governor D Subbarao said on Friday.
The micro engineering industries in Tamil Nadu have been affected by the ongoing global economic meltdown.
New government controls across a wide swath of industries are on the way
This is below the projections by the analysts who saw an over 5 per cent jump in the GDP.
'Let us all keep calm and face this medical emergency unitedly.' 'Our top priority is to fight the pandemic and win this war.'
To kick start the sagging economy, the US administration has come up with many initiatives including stimulus packages, bailouts for ailing banks and funding programmes for the auto sector, among others.
The volatile 17th seed had a quiet evening by his standards in his opening match on Monday, with just the one violation for unsportsmanlike behaviour when he asked spectator, in no uncertain terms, to be quiet while he was serving.
The ability to take on work beyond what is built into your job is the best way to survive recessionary times.
'Game Over is a nifty piece of work that recognises the durability of meaningful entertainment,' says Sukanya Verma.
