List
of articles contributed by corporate
Hiring may slow down in mature businesses but will continue in new projects, says Oberoi.
Wednesday, November 19, 2008 ibnlive.in.com
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Business
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With recession hitting US and a large part of Europe, Indians are becoming a worried lot. Though there have not been any lay-offs in the country as yet, the financial tsunami has already claimed some victims. Naukri.com COO, Hitesh Oberoi answered queries of IBNLive readers on the job scenario in India and whether this is a good time to change jobs or to stay put in one place and let the recession
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US
Europe
Indians
Hitesh-Oberoi
Pintu
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Finance Minister used the India Economic Summit to trigger a debate on how to ride the global econom
Wednesday, November 19, 2008 ibnlive.in.com
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Business
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New Delhi: India is still talking of better growth rate and says it is looking for solutions to a global problem. But Finance Minister used the India Economic Summit to trigger a debate on how to ride the global economic storm
“While world output will decline - and to that extent affect our exports, affect some capital inflows, affect external credits - we must be able to quickly substitute or co
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New-Delhi
India
P-Chidambaram
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The bellwether Sensex closed below 9,000 level in nearly three weeks.
Wednesday, November 19, 2008 www.hindustantimes.com
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Stock market
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Extending the losing streak to the fifth straight day, the bellwether Sensex on Tuesday closed below 9,000 level in nearly three weeks amid ruins in global bourses on heightened fears of prolonged economic recession.
The Bombay Stock Exchange 30-share barometer settled the day at 8,937.20, a fall of 353.81 points, or 3.81 per cent, from its previous close.
Sustained selling pressure of the past
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Sensex
National-Stock
bourses
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Political pressure to slash airfares is building on the domestic carriers but they are in mood to bu
Wednesday, November 19, 2008 www.dnaindia.com
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Business
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MUMBAI/ BANGALORE: Political pressure to slash airfares is building on the domestic carriers but they are in mood to buckle under right now.
The government is expecting the airlines to prune fares as oil marketing companies have reduced aviation turbine fuel (ATF) prices by around 45% after five price cuts since August.
On Tuesday, finance minister P Chidambaram opined airlines to apply the “cla
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Mumbai
BANGALORE
government
ATF
P-Chidambaram
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Asian markets were mixed as confirmation that Japan has slipped into recession.
Wednesday, November 19, 2008 www.hindustantimes.com
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Stock market
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Asian markets were mixed on Monday as confirmation that Japan has slipped into recession emphasised the gloomy outlook for the world economy.
A weekend meeting of world leaders in Washington to discuss reform of the stricken global financial system provided a symbolic show of unity between rich and emerging nations but produced few concrete measures.
Japan's benchmark Nikkei 225 stock average e
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Asian-markets
Japan
Washington
Nikkei
Hang-Seng
index
Sensex
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P Chidambaram asked the Indian industry to cut prices and maintain production.
Tuesday, November 18, 2008 www.hindustantimes.com
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Business
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Finance Minister P Chidambaram on Tuesday asked the Indian industry to cut prices and maintain production levels in a bid to address demand slowdown, while exuding confidence that the economy will bounce back next year.
"The classic response to demand slowdown is to cut prices for the short-term," the finance minister said on the concluding day of the Davos-based World Economic Forum's (WEF's)
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P-Chidambaram
Indian
New-Delhi
India
WEF||s
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DLF to fire some employees, put a number of hotel and housing projects on hold and yearn for 7 pct.
Tuesday, November 18, 2008 www.indianexpress.com
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Business
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New Delhi: The liquidity squeeze-induced slump in demand has forced real estate leader DLF to fire some employees, put a number of hotel and housing projects on hold and yearn for 7 per cent home loan rates.
"We must have laid off some employees somewhere," DLF Chairman K P Singh told reporters on the sidelines of India Economic Summit, but did not give the number of jobs that were cut.
The comp
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New-Delhi
DLF
K-P-Singh
India
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Calling upon the automobile manufacturers, realty firms and airlines to reduce prices, finance minis
Tuesday, November 18, 2008 timesofindia.indiatimes.com
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Business
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NEW DELHI: Calling upon the automobile manufacturers, realty firms and airlines to reduce prices, finance minister P Chidambaram on Tuesday
promised to consider excise duty cut for the sectors which are facing the heat of global financial meltdown.
"Hotels must cut tariffs; airlines must cut prices; real estate must cut rates of apartments and homes they sell; car makers and two-wheeler makers m
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NEW-DELHI
P-Chidambaram
Indian
CII
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The Bombay Stock Exchange benchmark Sensex on Tuesday extended its downslide and dipped below 9,000
Tuesday, November 18, 2008 www.mid-day.com
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Stock market
)
Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday extended its downslide and dipped below 9,000 points level again by losing over 327 points in early trade on increased selling by foreign funds in heavy-weight stocks largely on concerns of growing global recession.
The 30-share index, which had lost nearly 1,250 points in the past four sessions, moved down by another 327.09 points to
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Mumbai
Bombay-Stock
Sensex
index
US
Asian
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The income tax department to levy additional tax on ONGC.
Tuesday, November 18, 2008 justsamachar.com
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Business
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A move by the income tax department to levy additional tax on ONGC [Get Quote] for giving huge subsidies to the oil marketing companies has been shelved.
Last year, ONGC paid a subsidy of Rs 22,000 crore (Rs 220 billion). During the last two quarters in the current fiscal, it has already paid a whopping subsidy of Rs 22,474 crore (Rs 224.74 billion) to the OMCs.
"We are not going to tax ONGC's
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ONGC
crore
billion
OMCs
Dehra-Dun
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