Problems in the Eurozone will adversely impact India’s economic: PM

Prime Minister Manmohan Singh said  that continuing problems in the eurozone will further dampen global markets and adversely impact India’s own economic growth. Singh also said that the need to revive global growth should be an issue of immediate concern which must be addressed by world leaders. He made these remarks prior to his departure … Read more

New Law to benefit home buyers

Registration of builders, adherence to approved plans and refund of money in cases of default will become mandatory under a new law that the Government plans to bring in to usher in “accountability and transparency” in land selling and housing transactions. A Real Estate Regulatory Authority will also be established under the Real Estate (Regulation … Read more

Intel assures employees: No more job cuts

Intel Corp said job cuts it made three years ago should help it ride out the economic slowdown, indicating that Chief Executive Officer Paul Otellini won’t have to eliminate a significant number of workers. “While we haven’t made specific projections on the size of the workforce, the restructuring we did in 2006 has put us … Read more

Is Nokia likely to enter laptop industry?

The world’s top cellphone maker Nokia is eyeing entering the laptop business, its Chief Executive Olli-Pekka Kallasvuo said in an interview to Finnish national broadcaster YLE on Wednesday. “We are looking very actively also at this opportunity,” Kallasvuo said, when asked whether Nokia plans to make laptops. Industry has rumoured about Nokia’s possible plan to enter … Read more

UK using Olympics to lobby business deal with India?

The UK is laying out the red carpet for leaders and officials of “cash-rich” emerging countries such as India, Brazil and China during the Olympics to lobby and win high-value trade deals for British companies, a media report today said. A building – Lancaster House – has been refurbished opposite Buckingham Palace to hold meetings between ministers … Read more

Can loved one move senior care residence?

Generally, living at the center of assisted living facility in tucson is similar to live at the common residence. We build the comfortable environment, so each resident is able to get what they expect from new home. Moving to the new home makes someone can’t wait for too long time. When your parent knows that you choose … Read more

General Motors India to hire 500 people

Even as companies are giving pink slips to employees as a result of the global meltdown, GM India is increasing its employee strength from the present 4,000 to 4,500 by 2009, a top official of the company said. “We will be increasing the number of our employees from 4,000 to 4,500 by 2009,” GM India … Read more

Count the number of US banks collapsed in 2008

With slumping home prices and the worsening economic crisis taking an increasing toll on financial institutions, as many as 22 American banks have collapsed so far this year.  Collapse of such a large number of US banks, despite a $700-billion bailout package, reflects the deep turmoil of the US economy.From 2003 to 2007, only 10 US banks were reported to have collapsed. In 2008, the … Read more