Saturday, February 25, 2012

G20 inches toward $2 trillion in rescue funds

G20 inches toward $2 trillion in rescue funds

G20 inches toward $2 trillion in rescue funds

Posted: 25 Feb 2012 05:21 PM PST

Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent further fallout from the euro-zone's sovereign debt crisis.

Postman rings twice in rural areas for inflation data

Posted: 25 Feb 2012 04:29 PM PST

The postman in rural areas across the country has his hands full. Apart from his regular job, he now has to go out three to four times a week to collect data from retail outlets which is then used to calculate the rural consumer price inflation.

Vedanta to merge Sterlite with Sesa Goa

Posted: 25 Feb 2012 12:51 PM PST

Anil Agarwal, the billionaire chairman of the London listed Vedanta Resources has hit two birds with one stone by announcing the merger of his Indian firms Sesa Goa, India's largest iron ore producer and Sterlite Industries, one of India's largest nonferrous metals mining companies.

SBI chief remains non-committal on Kingfisher

Posted: 25 Feb 2012 08:46 AM PST

Pratip Chaudhuri, Chairman of SBI which heads the consortium of banks that provided loans to Kingfisher, today remained non-committal on the next plans for the beleaguered airline.

Berkshire identifies Buffett successor

Posted: 25 Feb 2012 06:56 AM PST

Berkshire Hathaway has identified the chief executive who will succeed Warren Buffett when the 81-year-old investor steps down, Buffett said in an annual letter to shareholders on Saturday that did not name the successor.

Gold down by Rs 75 on weak global cues

Posted: 25 Feb 2012 01:02 AM PST

Gold today extended losses for the second straight day by losing Rs 75 to Rs 28,865 per 10 grams on sustained selling by stockists in tandem with a weakening global trend.

Vedanta to merge Sterlite with Sesa Goa

Posted: 24 Feb 2012 11:13 PM PST

Anil Agarwal-led Vedanta Group will merge Sterlite Industries (India) and Sesa Goa in the proposed consolidation and simplification of the group structure.

BSNL's tablet at Rs 3,250 to rival Aakash

Posted: 24 Feb 2012 12:02 PM PST

BSNL on Friday announced it would bring three tablets in partnership with Pantel, a company based in Noida. Of the three, the cheapest one will be sold for Rs 3,250, a few hundred rupees more than the commercial version of Aakash tablet.
Posted by Harshad at 9:07 PM

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