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News TUC rejects claims of UK recovery

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The head of Britain's trade union movement has rejected government claims that the UK is coming out of recession.

TUC general secretary Brendan Barber told the body's Congress in More »

News China requests WTO talks with US

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China has requested talks, under World Trade Organisation (WTO) rules, with the US over its trade dispute.

The US imposed tariffs on Chinese tyre imports on Friday. China responded withMore »

News World wealth down 11%, fewer millionaires in 2009

HTML clipboard NEWYORK:2008 global recession caused the first worldwide contraction in assets under management in nearly a decade, according to a study that found wealth dropped 11.7 percent to $92.4 trillion.
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News Dexia aims to sell French insurance unit -source

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PARIS, Sept 15 (Reuters) - Belgian financial services group Dexia (DEXI.BR), which was bailed out by several European governments last year, is planning to sell a French More »

News Indian shares provisionally rise 1.5 pct

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MUMBAI, Sept 15 (Reuters) - Indian shares provisionally rose 1.48 percent on Tuesday, led by gains in Reliance Industries (RELI.BO) and ICICI Bank (More »

News SBI’s employee productivity lower than industry average

Mumbai: State Bank of India's employee productivity stood at Rs 5.56 crore for 2008-09, below the industry average of Rs 7.50 crore for the year, a RBI report has said.

However, the countryMore »

News RBI eases commercial real estate exposure norms in SEZ cases

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Mumbai: The Reserve Bank on Wednesday said bank finance to developers of infrastructure facilities in SEZs would be taken as infrastructure lending, against its 2006 ruling that classified thMore »

News Madoff’s properties in NYC, Florida up for sale

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New York: It's where Bernard Madoff broke down and confessed to his massive fraud, frantically wrote checks for millions of dollars as the scheme unraveled and appeared in a bathrobe to gMore »

News IOB seeks 1000 cr capital infusion

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Mumbai: State-owned Indian Overseas Bank has approached the Government for an infusion of Rs 1,000-crore Tier-I capital to augment its capital-base, its Chairman said.

"More »

News RBI Reference rate for US dollar and euro

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Mumbai: The Reserve Bank of India on Wednesday fixed the Reference rate for the US currency at Rs 48.47 per dollar and the single European unit at Rs 70.29 per euro from Rs 48.65 per dollar aMore »

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