Wednesday, November 3, 2010

IT cos upset over US visa screening

IT cos upset over US visa screening


IT cos upset over US visa screening

Posted: 03 Nov 2010 05:20 PM PDT

US protectionism is assuming a new, and perhaps a more insidious and indirect, form. US consulates in the country are said to be rejecting many more business visas (B1, L1, H1) over these past few months than earlier and visa interviews are bordering on interrogations.

Dhanteras: Mad rush to drive home new cars

Posted: 03 Nov 2010 05:25 PM PDT

Like every year, people queued up at dealerships on Wednesday to take delivery of their cars on Dhanteras, which marks the beginning of the five-day Diwali festival.

Power shift in US stirs economic jitters abroad

Posted: 03 Nov 2010 05:27 PM PDT

As Republicans prepare to assert new authority in the US Congress following the midterm elections on Tuesday, the US allies overseas are concerned that the political upheaval in Washington may pose fresh challenges to the global economy.

ONGC top explorer on Platts’ global list

Posted: 03 Nov 2010 05:29 PM PDT

Beyond the resilience of the Indian economy, here's one more global success story that has been penned in India.

Sensex ends 137 points higher

Posted: 03 Nov 2010 04:48 AM PDT

A benchmark index of Indian equities Wednesday moved up after a brief slip towards closing bell and closed 137 points higher.

Reforms needed in energy sector: Pranab Mukherjee

Posted: 03 Nov 2010 09:29 AM PDT

Finance Minister Pranab Mukherjee on Wednesday said structural reform of the energy sector is needed to attract investment and put the country's economy on a double- digit growth trajectory.

World economic recovery is slowing: OECD

Posted: 03 Nov 2010 09:23 AM PDT

The Organization for Economic Cooperation and Development said on Wednesday the world economic recovery has slowed and is cutting its forecast for growth in developed countries in 2011.

US dollar eases against rupee

Posted: 03 Nov 2010 06:01 AM PDT

The US dollar eased against the rupee at Rs 44.35/36 per dollar, but the Pound Sterling turned higher at Rs 71.52/54 per pound at the close of the Interbank Foreign Exchange Market.

BMW astonishes with 11-fold jump in quarterly profit

Posted: 03 Nov 2010 02:56 AM PDT

The world's leading luxury car maker, BMW, reported a huge leap in third-quarter net profit on Wednesday as recovering global markets snapped up its saloons and sports utility vehicles.

Liberty Mutual, Videocon form JV

Posted: 03 Nov 2010 05:41 PM PDT

This may be a coincidence but as US President Barack Obama arrives in India to improve trade links between the two countries , Liberty Mutual Group, one of America's wellknown insurers, has entered into a partnership with the electronics-to-energy Videocon group.

MGM files for bankruptcy cover

Posted: 03 Nov 2010 05:39 PM PDT

Metro-Goldwyn-Mayer Studios Inc, one of Hollywood's most-storied film studios , filed for bankruptcy protection on Wednesday after struggling for years to reduce its debt load.

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