RBI missed opportunity to cut rates: India Inc.NEW DELHI - India Inc. Tuesday expressed disappointment over the central bank’s decision to maintain status quo on key rates, and said the Industry needed cash at ‘relaxed’ interest rates. Barclays seeks to reassure markets after share price slideLONDON - Britain’s Barclays Bank Monday sought to reassure shareholders that its finances are sound despite a steep fall in its share price last week, and said it expected write-downs for 2008 to total 8 billion pounds ($11 billion). Tata-owned Corus to shed 3,500 jobs: ReportLONDON - Workers unions were seeking urgent talks with Corus Monday after the Tata-owned steelmaker was said to be considering shedding up to 3,500 jobs. Morning showers raise winter termperature in DelhiNEW DELHI - Moderate winter showers greeted people of the capital Sunday morning, catching many people unawares and raising the mercury by a few notches. Obama urges action as White House sees continuing recessionWASHINGTON - US president-elect Barack Obama Friday called for urgent action to stem the country’s economic decline, lending his backing to a $825-billion stimulus package introduced by lawmakers Thursday. Growth rates fall in Latin America and the Caribbean: UNMEXICO CITY - The economies of Latin America and the Caribbean would experience slower growth rates in 2009, according to a report that the UN made public Thursday. Nortel shares sink on bankruptcy protectionTORONTO - Shares of telephone maker Nortel Networks Corporation sank 68.8 percent here after it was granted bankruptcy protection in Canada and the US Wednesday. Obama faces stormy waters as 44th US presidentWASHINGTON - No US president in recent memory has entered office facing such huge crises or such enormous expectations as Barack Obama. Bush admits mistakes, but cites India among accomplishmentsWASHINGTON - President George W. Bush has admitted mistakes but cited his image in India among accomplishments to assert that America’s moral standing has not been damaged during his eight year watch. Markets recover from mid-day slide, close higherMUMBAI - Indian equities markets recovered Tuesday from a mid-afternoon fall to close marginally higher with a key index closing 0.59 percent higher than its close Monday. Scoreboard: Australia vs South Africa, Day Two, Third TestSYDNEY - Scoreboard on the second day of the third and final cricket Test between Australia and South Africa at the Sydney Cricket Ground here Sunday: Pakistan behind Mumbai terror strikes: Salman RushdieLONDON - India-born author Salman Rushdie blames Pakistan for the 26/11 Mumbai terror strikes and has asked Britain to warn the country that ‘as long as Pakistan harbours terrorists it’s not going to get any Western aid’. New disclosures link LeT to Mumbai, Pakistan under pressure to actNEW DELHI/CHANDIGARH/ISLAMABAD - With indications that Pakistan may be close to admitting the links of militants operating from its territory to the Mumbai mayhem, India Wednesday renewed its call to Islamabad to take action against the perpetrators of the carnage. A chequered first year in office for Himachal chief ministerSHIMLA - As the Bharatiya Janata Party (BJP) government in Himachal Pradesh led by Chief Minister Prem Kumar Dhumal got down to celebrate its one year in office Tuesday, it faced no threat, unlike this city’s historic Ridge, which may literally crack beneath the strain of this afternoon’s public rally to mark the anniversary. Tea scoreboard: India vs. England, Second Test, Day FiveMOHALI - The following is the scoreboard at tea on the fifth and the last day of the second cricket Test between India and England at Punjab Cricket Association (PCA) Stadium here Tuesday. |
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