Monday, August 23, 2010

Exports get a 1,050cr boost

Exports get a 1,050cr boost

Exports get a 1,050cr boost

Posted: 23 Aug 2010 12:06 PM PDT

As India's exports slow down, a worried UPA government on Monday induced fresh stimulus worth Rs 1,050 crore to labour-intensive export sectors such as handicraft, leather, handloom, silk carpets, toys, engineering items and sports goods.

Garment companies want US sops to stay

Posted: 23 Aug 2010 12:09 PM PDT

While the annual supplement to the foreign trade policy has pleased the labour-intensive textile and leather sectors, garment makers want incentives being given for the US market to continue.

Tata Global to enter food business

Posted: 23 Aug 2010 12:13 PM PDT

Tata Global Beverages (TGB, formerly Tata Tea) is planning to enter the food segment. It is also looking at acquisition in food business to make inroads into this segment.

Be careful as you tweet about employer

Posted: 23 Aug 2010 12:17 PM PDT

If you thought your joke about your employer or prospective employer online would go unnoticed, perish the thought.

Ministry divided over AI wage cut

Posted: 23 Aug 2010 12:41 PM PDT

The aviation ministry is divided over the most contentious issue in reviving the Air India-Indian Airlines combine — wage reduction. Aviation ministry's top officials say renegotiating wage agreements with unions representing the national carrier's 31,000 employees is a must to ensure the success of any turnaround plan.

AIG repays nearly $4bn federal loan

Posted: 23 Aug 2010 01:04 PM PDT

In its single biggest repayment of bailout loans so far, American International Group (AIG) said on Monday that it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

Govt extends sops to exporters

Posted: 23 Aug 2010 02:09 AM PDT

The govt today extended sops worth Rs 1,052 crore to exporters, particularly for the labour-intensive sectors, to help them see through the economic recovery globally.

Sensex ends flat in range-bound trade

Posted: 23 Aug 2010 04:52 AM PDT

Ignoring the government's helping hand for exporters, the BSE benchmark Sensex today ended flat as investors remained cautious amid weak Asian cues.

Rupee gains 5 paise against dollar in early trade

Posted: 22 Aug 2010 09:30 PM PDT

The rupee on Monday appreciated by 5 paise to 46.62 a dollar at the Interbank Foreign Exchange market in early trade on capital inflows by foreign funds.

M&M eyes control of Scooters India

Posted: 23 Aug 2010 01:02 PM PDT

Mahindra & Mahindra and three-wheeler maker Atul Auto are separately interested in acquiring a majority stake in state-run Scooters India, two sources in Mahindra and a senior official in Atul Auto said on Monday.

AIG repays nearly $4bn federal loan

Posted: 23 Aug 2010 01:04 PM PDT

In its single biggest repayment of bailout loans so far, American International Group (AIG) said on Monday that it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.
Posted by Harshad at 9:08 PM

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