Rediff reader Tushar Kulkarni, 40 from Dombivali, Thane tells us about his first salary.
In the longest recession since the 1930s, the US economy crumbled on the back of the housing market's collapse leading to a global meltdown.
For 20 years, the stock market headed nowhere, and this has created permanent aversion.
Designers in Bangalore are reinventing themselves by adopting cost-cutting techniques.
In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and China's recovery disappoints.
"The EU economy will emerge from recession in the second half of this year, although for 2009 as a whole, GDP is still set to fall by some four per cent."
Come August, the American economy will be in recession for twenty one consecutive months, one of the longest in nearly 80 years, amid signs of economic stabilisation.
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.
Companies are cutting back on recruitment and training in their bid to cut costs and cope with the current economic slowdown.
A US court has dealt a blow to US President Barack Obama early into his second term, ruling that he violated the American constitution by making "recess" appointments bypassing the Senate confirmation process.
Although the United Progressive Alliance government returned to power, minus the push and pulls of Left parties, it decided to keep western multi-brand retail chains off from the country's $450-billion retail market.
Fiscal and monetary policies have helped India in dodging the recession and sustaining the economy, the research arm of the rating agency Moody's said.
With the financial turmoil ravaging economies globally, four out of five investors feel the world will continue to be gripped by recession over the coming year, despite the injection of billions of dollars by various governments, says a survey.
'People have got into the habit of sitting at home (and watching films).' 'They don't want to watch movies in theatres because they do not want to waste as much as Rs 1,000 on tickets.' 'They feel there is no point in watching a film on the big screen because it will anyway come on OTT in a month's time.'
The sheer speed of the decline could help revive demand and clean up the market quickly.
Warning that the worst may not be over yet, Reserve Bank Governor D Subbarao has said the global economic recession may not only continue through 2009 but could prolong to the next year as well.
It might help alleviate the economic crisis by addressing the root cause of the unwillingness to spend, says Robert J Shiller.
Europe's deepest recession since World War II officially ended on Friday, as data showed the European Union was growing once again, following five straight quarters of contraction.
The US has slipped into a recession and is estimated to shrink 2.6 per cent in the fourth quarter, primarily stoked by worsening credit conditions, says a survey.
'See to it that you have adequate skills that will make you so indispensable that they cannot fire you.'
President Barack Obama on Thursday said that the United States has fought its way back after years of worst economic recessions in the country.
Rediff reader Mrunal Samant, 33 reveals why her first job and salary will always be special.
The global economic recession has now started affecting the US farming community, and can wipe off one-third of farmers' income and render 45,000 of them jobless in 2009, a government agency has said.
Alarmed by the huge drop in the arrival of foreign tourists to the state due to global recession, Kerala government has set up a working group to chalk out strategies to tackle the crisis.
In a wide-ranging interview with Business Standard, the professor with Columbia University says economic power is already shifting to emerging market economies.
Unless the Eurozone crisis escalates further.
The 'R' word is everywhere. It's being discussed at World Economic Forum at Davos and now we have clients calling in at Orpheus, asking us about "recession" and how bad it is. And, is there a chance that the global depression might be starting? Such worries, though, important and critical, do highlight the mass psychology and how it reads the Federal interest rate cut and subprime crisis as a start of something bigger and problematic.
Now, economists are famous for having a wide array of views, with most of them being wrong, but it is difficult not to notice that economists working for companies that will benefit the most from -- and, in some cases, desperately need -- lower interest rates are the ones that are screaming most loudly about how terrible things are and how the US Fed needs to cut, cut, cut rates.
In a recent report, the UN warns the world against economic recession and calls for a global action.
The fact that the US recovery needs an elaborate defence suggests that things are far from certain.
ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed by Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
A recession is a decline in a country's gross domestic product (GDP) growth for two or more consecutive quarters of a year. A recession is also preceded by several quarters of slowing down.
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The president called for tax reform that eliminates corporate-friendly loopholes, highlighted his earlier proposal for free community college.
'Investors should focus on largecap funds, flexicap funds, business cycle funds, or hybrid-category funds.'
Investors' desire for companies to prioritise returning cash to shareholders through share buybacks, dividends or mergers and acquisitions (M&A) is at the highest level since July 2015, said a survey by BofA Securities (BofA). Nearly 30 per cent of respondents wanted companies to do so. As many as 226 respondents with $572 billion worth of assets under management (AUM) participated in the March fund manager survey (FMS), said BofA.
Obama said where Congress is not acting, he will act on his own to put opportunity within reach for anyone who is willing to work for it.
Maharaja is an audacious attempt that breaks down the tropes of a crime film with a brilliant Vijay Sethupathi in the lead, notes Arjun Menon.
The preceding economic recession has led corporates and IT majors rethink and redesign business models for further improvement in terms of impact on organizational performance through better alignment from the planning stage.
IT services firm Infosys has said that a global company has decided to terminate a multi-year contract worth $1.5 billion with it. On September 14, 2023, Infosys announced a pact with a global company to offer enhanced digital experiences alongside modernisation and business operations services leveraging Infosys platforms and AI (Artificial Intelligence) solutions. In a BSE filing on Saturday, Infosys said the global company has now elected to terminate the Memorandum of Understanding (MoU) and the parties will not be pursuing the master agreement."
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