India's hiring outlook most optimistic among 36 countries
New Delhi, June 8: India's job market is likely to return to pre-slowdown days in the third quarter of this fiscal as rising consumer spending is spurring demand for goods and services and ....
Economic recovery picks up steam, but without jobs: OECD Paris, May 26: Industrial nations are emerging more quickly than expected from their worst recession in the post-war period but the upswing is bypassing the labour market, the Organisation for ....
2.64 lakh South Asians lose jobs in Gulf: Survey
Thiruvananthapuram: About 264,000 people from South Asia have lost jobs in the Middle-East on account of the global meltdown, city-based think tank Centre for Development Studies (CDS) has foun....
Recession makes Bangaloreans cautious festive shoppers Bangalore: If not anything else, global economic recession seems to have taught one or two lessons in economics to India's IT hub.
This festive season, ahead of Christmas and New ....
Mumbai & Shanghai to be boomtowns of post-recession world London: Confidence levels among senior business officials in Mumbai and Shanghai are so high that they are leaving their counterparts in New York and London far behind, with significant implica....
37,000 Kerala expats lost jobs due to recession: Study Thiruvananthapuram: At least 37,000 emigrants from Kerala have lost jobs overseas because of the global recession, says a report released today by the Centre for Development Studies (CDS), a ci....
'British proposals could hit legal migrants in recession'
London: Indian and other non-European migrants could find themselves doubly disadvantaged in the recession if immigration proposals currently before parliament end up wrongly targeting legal mi....
Strong companies kept hiring during slowdown: Genpact CEO
New Delhi: Back office service provider Genpact today said the companies that kept hiring during the economic slowdown were viewed as "strong" firms and would benefit from this percepti....
Indian fan industry still reeling under slowdown Kolkata: The Rs.1,600-crore Indian electric fan industry, hit badly by the economic slowdown last year, does not see any respite in the coming six to nine months, an industry player said here t....
Job market shows signs of recovery: Experts New Delhi: With the macro economic situation improving and capital markets doing better, India's job market, hit badly by the slowdown last year, has started showing signs of recovery, indu....
India to get $4.78 bn in SDRs to battle recession Washington: India will get the equivalent of about $4.78 billion as its share of International Monetary Fund's (IMF) Special Drawing Rights (SDR) worth $250 billion to provide liquidity to ....
Tube Investments seeks partner for Chinese unit
Chennai: Bicycle and engineering product manufacturer Tube Investments (TI) is looking at various options, including tying up with a new company, to save its loss-making Chinese unit.
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Subhiksha has not paid salaries: government New Delhi: The government today said it has received a complaint that retail chain Subhiksha had not paid salaries to its employees for the past three months and that outlets were closed withou....
India survived slowdown because of banks nationalisation Kolkata: Finance Minister Pranab Mukherjee today ruled out privatisation of state-run banks and said market economy was not the solution to the nation's economic problems.
Recall....
Small firms still struggling with slowdown: survey New Delhi: A majority of small and medium enterprises (SMEs) in India are still struggling to cope with the global slowdown and remain unaware about the stimulus measures taken by the governmen....
Protectionism will worsen slowdown: Anand Sharma New Delhi: Protectionist measures by the developed economies will have an adverse impact on the downturn, Commerce and Industry Minister Anand Sharma has said, even as he reaffirmed India's....
India has fared better than others in recession United Nations: Warning against protectionist tendencies to address the global economic crisis, India has said that while it has fared much better than others, developing countries must get spa....
Worst is over for Indian economy: SBI chief Kolkata: The worst is over for the Indian economy and credit has again started flowing into key sectors, O.P. Bhatt, chairman of the country's largest lender State Bank of India (SBI), said....
Asian nations endorse $120 bn emergency fund Bali: Asian nations Sunday agreed on the make-up of a $120-billion regional liquidity fund designed to counter the global economic crisis.
Finance ministers from the 10-member Associatio....
Weak rupee lowers Biocon net profit by 80 percent in 2008-09
Bangalore: A steady weakening of the rupee in the volatile currency market has lowered the consolidated net profit of biotechnology major Biocon group to Rs.93.1 crore in 2008-09 from Rs.464 c....
Slowdown is an opportunity for growth New Delhi: While the global economic slowdown will impact India, the corporate sector feels the crisis is an opportunity for companies to position themselves prominently.
This was the the fe....
This Russian mathematician had 'calculated' global slowdown Moscow: Viktor Maslov, a mathematician who is known for his accurate predictions on Russia's 1998 financial crisis and the break-up of the Soviet Union, had also long back predicted the curre....
If there is anything that global slowdown has pointed out before the world ever sharply, it is the durability of PSUs as compared to the private sector companies. It seems like the socialist regi....
Help sought for Indians in Gulf hit by global meltdown Dubai: A Gulf-based Indian charitable body has appealed to Prime Minister Manmohan Singh to dispense financial assistance to Indian workers in that region returning home after the global ec....
Slowdown may impact social sector allocations: Plan panel Chennai: The economic slowdown will impact allocations to social sectors in the 11th Five-Year Plan, said a top Planning Commission official here on Monday.
"The allocations were propose....
Most Saudi firms to freeze hiring: Survey Dubai: The global economic slowdown is affecting Saudi Arabia, home to over 1.5 million expatriate Indians, with three-fourths of companies there expecting a freeze in hiring in the next tw....
'Economic crisis no excuse for reducing climate change funds' New Delhi: India on Friday stressed that the global economic crisis should not become a cause for developed countries to cut down spending on projects to counter climate change.
"The econ....
India will emerge 'least affected' in global downturn: PM New Delhi: Prime Minister Manmohan Singhon Thursday said India would emerge "the least affected" country in the world from the current global economic meltdown.
"Today we are witnessing the ....
What downturn? 97 apply to run news channels New Delhi: The economic downturn doesn't seem to have dampened the enthusiasm of India's media entrepreneurs as applications of 97 private satellite TV news channels are being scrutinised by ....
India's annual growth could go down to 6 percent: Amartya Sen Kolkata: India's annual growth could go down to six percent or lower due to the economic recession, Nobel laureate Amartya Sen said here on Monday.
"Of course, it could go down. But I am n....
India will protect jobs even if it means pay cuts: Mukherjee New Delhi: As fears surface in India over large-scale job cuts due to an economic slowdown, Minister for External Affairs Pranab Mukherjee on Friday said interests of the country's labour for....
Orissa seeks Rs.15 bn to tackle slowdown Bhubaneswar: The Orissa government has sought Rs.15 billion (Rs.1,500 crore) from the central government to tackle the economic slowdown, the government said Wednesday.
Orissa Finance Mini....
Chief ministers urge industry to help tackle economic crisis New Delhi: The chief ministers of Delhi, Madhya Pradesh and Jammu and Kashmir on Thursday said the industry should play more "proactive" role and join in the government's efforts to tackle th....
Recession triggers improvement in Indian art quality Madrid: The global economic downturn has had a surprisingly positive impact on Indian contemporary art with the focus shifting from price to quality. It has also led to the emergence of Europ....
Asia to play a major role in global revival: Ahluwalia New Delhi: The next 20 years will be very different from the last 20 with regard to the global geo-economic scenario and the world's financial system. Planning Commission Deputy Chairman, Dr Mo....
Gandhian economics needed to overcome financial crisis: Pranab New Delhi: The government will initiate more measures to support labour intensive sectors with focus on Gandhian economics even as the Indian economy is set to grow by 7 percent this fiscal, ....
Their jobs gone, India's young seek out psychiatrists New Delhi/Bangalore/Mumbai: Laid off after eight years as a successful IT professional, Rajiv Chander Das is undergoing counselling at a psychiatric clinic. Experts say Das is one of scores o....
