Tokyo: Japan’s government agreed on a $81 billion stimulus package on Tuesday, aimed at preventing the economy from tipping back into recession as deflation persists and a strong yen threatens exports. Economists said the 7.2 trillion yen plan, equal to about 1.5 per cent of gross domestic product, would not provide a significant lift to [...]
NEW DELHI: Joining the telecom tariff war, state-run BSNL on Monday slashed its national roaming charges and offered two options – 49 paise per minute or one paise per second. The company said in a statement that it has brought down the national roaming rates “from Rs 1 or Rs 1.50 per minute to 49 [...]
New Delhi: Food inflation soared to 17.47 per cent in the third week of November from 15.58 per cent a week ago, mirroring a shortage in supply that set in following weak monsoon in the country. With the economy on upswing, analysts said the rising food prices should prompt the government and the Reserve Bank [...]
NEW DELHI: State-owned telecom MTNL on Tuesday raised the bar for competitive tariffs by announcing a half paise-per-second plan for mobile calls on its 2G as well as 3G network in Delhi and Mumbai circles. For calls made to other networks, the tariff is 1 paise-per-second, MTNL chairman and managing director RSP Sinha said. Under [...]
MUMBAI: The Bombay Stock Exchange benchmark Sensex on Monday snapped the two-day 3.3 per cent losses, to close with a significant gain of over 294 points or 1.71 per cent, driven by the more than expected GDP growth at 7.9 per cent amid easing tension in the Dubai debt crisis. The Sensex, which had lost [...]
Hyderabad: After the death of YS Rajashekhara Reddy in a helicopter crash, there were questions on who would become the Chief Minister and stay in the Cabinet. For the moment it seems K Rosaiah will stay on as the Chief Minister and YSR’s son YS Jagan Mohan Reddy will be accommodated in Delhi. Moreover, YSR’s [...]
New York: The Forbes, best known for its rankings of the richest and the most powerful the world over, has put Ramalinga Raju, the founder-chairman of Satyam Computers (now Mahindra Satyam), fourth among the “world’s 10 most outrageous CEOs”. Giving Raju company in what the US business magazine called “This year’s C-Suite Hall of Shame”, [...]
New Delhi: Seventy percent of chief information officers (CIOs) in India integrate business and technology to promote innovation for their organisation against 47 percent overseas, a study conducted by global IT major IBM has revealed. Additionally, 64 percent of Indian CIOs proactively push IT as an innovation element and push low-cost business processes for their [...]
Mumbai: Pubilc-sector lender, IDBI Bank on Friday announced the repayment of its 11.50 per cent IDBI SLR Bonds 2009, 55th series on Jauary 9, 2010. No interest will, therefore, accrue on the bonds after January 8,2010 and no request for transfer will be allowed after December 9, 2009 the bank said in a press release [...]
New Delhi: Bharti Airtel, India’s top mobile operator, said on Friday it had launched a new bill plan that would reduce mobile roaming rates by nearly 60 per cent. Bharti Airtel, which accounts for more than 23 per cent of mobile users in the world’s fastest-growing market, has in recent months lagged smaller rivals in [...]
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Food inflation rises to 12.81 pc; fuel prices up 14.27 pc
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