Sunday, October 2, 2011

Asian markets sharply down on recession fears

Asian markets sharply down on recession fears


Asian markets sharply down on recession fears

Posted: 02 Oct 2011 09:34 PM PDT

Asian markets tumbled sharply in early trading on Monday, hurt by data suggesting debt-strapped Greece's attempts at austerity were not yielding results and a weakening economic picture in Europe.


Sensex slips by 262 pts on weak cues

Posted: 02 Oct 2011 09:24 PM PDT

The BSE benchmark Sensex tumbled by over 262 points in opening trade on Monday amid sustained selling pressure influenced by a weakening trend in Asian markets on worries over the euro zone debt crisis.


Hit by crisis, Greeks turn to barter networks

Posted: 02 Oct 2011 05:31 PM PDT

Squeezed by wage cuts, tax increases and growing fears about the euro, Greeks are looking at creative ways to cope with a radically changing economic landscape


Read the fine print before you buy a store

Posted: 02 Oct 2011 05:29 PM PDT

If you are game for some risky bets, you can put your money in rental return models in the retail space.


Cairn strikes gas off Lanka coast

Posted: 02 Oct 2011 05:28 PM PDT

After prolific oil discoveries in India , Cairn India on Sunday said it has struck natural gas reserves in the very first well it drilled in the offshore Mannar basin of Sri Lanka.


Home loans corner 18% of bank credit so far in FY12

Posted: 02 Oct 2011 05:26 PM PDT

A large chunk of growth in bank credit in the first five months of the current financial year has come from home loans—18 .3% at Rs 18,060 crore—followed by increase in credit to exporters and to retail trade.


IRDA, pension regulator to lock horns

Posted: 02 Oct 2011 05:19 PM PDT

Two years after tensions rose between the pension and insurance regulator over commissions, a fresh round of friction between the two is in the offing.


Eurozone could blight world economy: British PM

Posted: 02 Oct 2011 07:10 AM PDT

British Prime Minister David Cameron said on Sunday that the eurozone had to get on with fixing its financial problems or risk pulling down the entire world economy.


FIIs pull out Rs 2,000 cr from stock market in Sept

Posted: 02 Oct 2011 04:55 AM PDT

This was the second consecutive month in which there was a net outflow of FII money from the country. Last month, foreign funds pulled out nearly Rs 8,000 crore.

Cairn strikes gas in Sri Lanka

Posted: 02 Oct 2011 03:05 AM PDT

Cairn India has discovered natural gas reserves in the very first well it has drilled in the offshore Mannar Basin of Sri Lanka.


Lacoste to extend Live brand to women

Posted: 01 Oct 2011 11:30 PM PDT

After establishing its new brand `Live' for men in the premium leisure wear segment, the French luxury major Lacoste now plans to take the offering to women.


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