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Rating agency CRISIL has slashed its forecast for the country's GDP growth this fiscal to 5.5% from 6.5% earlier, citing deficient monsoon and the worsening of the crisis in Eurozone as the major factors. Also, it expects lower foreign capital flows this financial year, and so has lowered its...

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LONDON: Global rating agency Moody's has said the long-term debt and bank deposit ratings for ICICI Bank UK, the British subsidiary of top Indian private sector lender, have been revised to a notch lower to bring it in line with the baseline credit assessment of the parent company. While...

Economy will grow at 7 %, no job cuts: FM Friday, October 31, 2008 NEW DELHI: The Indian economy would grow at 7 percent despite the global economic meltdown but this would not mean a reduction in existing job levels, Finance P Chidambaram said on Friday. "The RBI (Reserve Bank of...

RBI cuts repo rate by 100 basis points Monday, October 20, 2008 MUMBAI: The Reserve Bank on Monday reduced its key short-term lending rate (repo) by 100 basis points with immediate effect, a move that will help lower interest rates and spur consumption to keep the economy ticking...

Toshiba cuts waiting times at Erotica shows ... management system reforms old working practices Stuart Penny writes the winning essay in out MBA competition ... More...

Rogers bows to demands, cuts iPhone data plan cost ... and demand or the increased cost for them to service us. I am an MBA grad and business executive...the real issue is value. And I think that is something ... More...

Apple cuts SSD MBA price ... As of this writing, Apple hadn't adjusted the price of the refurbished 1.8GHz SSD-equipped MBA, which is listed as $2,699that's $101 more than a new unit. Go figure... Editor's ... More...

Fed Interest Rate Cuts Have Fed Food and Fuel Inflation ... strategies, further fiscal discipline, and ingenuity will they prevent extinction. Andy Sutton holds a MBA with Honors in Economics from Moravian College and is a member of Omicron Delta ... More...

US Dollar Jumps as Fed's Bernanke Signals End to Rate Cuts ... while the 2-Year yield plunged to 2.423 percent from 2.512 percent. Looking ahead, the MBA Mortgage Applications index will kick off the morning at 11:00 GMT; with the ISM ... More...

US Dollar Jumps as Fed's Bernanke Signals End to Rate Cuts ... while the 2-Year yield plunged to 2.423 percent from 2.512 percent. Looking ahead, the MBA Mortgage Applications index will kick off the morning at 11:00 GMT; with the ISM ... More...

Fed cuts rate by 50 bps: Are experts happy? The US Fed has cut Federal Funds rate by 50 bps to 3%, reports CNBC-TV18. Fed officials said they see a deepening in housing contraction and soft labour markets. According to them, financial markets are still under considerable stress and the...

HUL Q2 net up 30% on cost cuts, price hikes Backed by selective price increases and cost cutting initiatives, India’s largest fast-moving consumer goods company Hindustan Unilever reported a net profit growth of 29.55% to Rs 493 crore for the second quarter ended June 2007 (Q2FY07)...

HPCL cuts net loss to Rs 87cr in Q1 Hindustan Petroleum Corporation (HPCL) has posted a net loss of Rs 86.93 crore for the quarter ended June 30, 2007 whereas its net loss for the quarter ended June 30, 2006, was of Rs 607.67 crore. According to an official release issued by the company to...

SEOUL: South Korea and India will discuss proposed tariff cuts during another round of talks this week on a planned free trade deal, the South Korean government said on Saturday. At the four-day meeting starting in New Delhi tomorrow, the two sides will give details of their initial offers on...

Sony Corp cut the price of the PlayStation 3 by USD 100, or 17 per cent, in the United States on Monday, a move that should boost the video game console's lackluster sales. The PlayStation 3, which includes a 60-gigabyte hard drive and a Blu-ray high-definition DVD player, will now cost USD...

The government withdrew the additional customs duty on imported wines and spirits on Tuesday in an effort to resolve a dispute with the European Union and other leading trading partners over high duties on these items. The EU and the United States had been pressing for a cut to wines and...

(IANS) Producer Sanjay Gupta was in for a real surprise when his upcoming cops-and-gangster drama "Shootout At Lokhandwala" was cleared by the censor board without any cuts. And what's more, people of all ages can see the flick that has got a U certificate. An overjoyed Gupta said: "We...

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KUALA LUMPUR: Intel Corp, the world's biggest microchip maker, is set to announce sweeping job cuts later on Tuesday, the Financial Times said, amid speculation that up to 10 per cent of its staff could go. Intel is expected to slash its 100,000-strong workforce after second-quarter net profit...