Arun Sarin, who recently retired as the Vodafone group CEO, is being considered for the post of chief executive of internet major Yahoo! Inc, the Wall Street Journal says.
A good wealth manager is as important as a right mix of asset allocation in creating wealth in your lifetime.
Last Friday's tumble on Wall Street, with the Dow Jones index falling nearly 400 points, is sure to have its repercussions on the already shaky Indian market. With both the benchmark indices, the Bombay Stock Exchange Sensex and the National Stock Exchange Nifty having lost 5 per cent apiece last week, investors are already skittish.
Days after Citi's global CEO Vikram Pandit said the group planned to reduce head-count by 52,000, there are reports that the financial major will lay off over 1,000 employees in India. The financial services company has around 10,000 employees in India.
Ailing auto maker Chrysler is preparing to file for bankruptcy protection as early as next week, irrespective of whether the company reaches a deal with its lenders or forges an alliance with Italian entity Fiat SpA, says a media report.
Favouring 'aggressive action' to boost the shaky American economy, House Speaker Nancy Pelosi has proposed a two-stage effort with a $60-100 billion stimulus package this month followed early next year by a 'permanent tax cut'.
"I have actually undertaken the maximum reforms but I have an enormous task ahead for myself."
You say the era of private business travel is over? Here's one alternative.
The Wall Street Journal quoting two people familiar with the situation said Bharti has contacted West Asian sovereign wealth funds for additional cash to back its MTN bid for a majority stake. Further, the paper quoted another person and said that Bharti has already negotiated about $12 billion in financing from a group of banks that includes Standard Chartered PLC, but the deal may require more resources.
The website will operate as a marketplace similar to Alibaba's China-based TMall, which offers virtual store fronts to merchants who set their own prices and handle their own logistics for nearly everything but payments, the newspaper reported.
The White House announced on Wednesday that President George W Bush will invite Prime Minister Manmohan Singh and the other leaders of the G-20 countries for a major White House Summit to discuss the Wall Street meltdown.
Cities with a strong presence in health care, education, law, energy, and the government will feel the impact of a downturn less.
Pakistan's former prime minister Benazir Bhutto has said she is mulling a virtual campaign for Pakistan's upcoming general election that will use phone messages and taped speeches to avoid violent attacks like the suicide bombing of her homecoming rally in Karachi last week.
At a time when companies are cutting costs and jobs to tackle the economic downturn, global retail chain major Wal-Mart has doled out $933.6 million in bonuses to its workers.
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