Search Results for: economic recession

Reebok Files FIR Against Former Top Employees For Alleged Fraud

Reebok India on Tuesday filed an FIR against its former managing director Subhinder Singh Prem and COO Vishnu Bhagat for allegedly mishandling the company's money by indulging in fictitious sales, and setting up forged accounts over the past couple of years

May 23, 2012

president-pranab-mukherjee-prime-minister-manmohan-singh-along-with-congress-chief-sonia-gandhi

UPA-II: Congress Dumping Mamata For Mulayam?

If the scene at Prime Minister Manmohan Singh's dinner party is any indication, the Congress party is ready to dump Trinamool Congress chief and West Bengal chief minister Mamata Banerjee and join hands with Samajwadi Party (SP). Mulayam Singh Yadav attended the dinner party hosted by Manmohan Singh to celebrate UPA-II's completion of three years in power.

May 23, 2012

Rupee Plunges To New Low Of 55.87/$ Amid RBI Intervention

The rupee plunged to a new low of 55.87 in the early Wednesday trade, marking its sixth consecutive record low against the US dollar.

May 23, 2012

PM Releases UPA-II's Annual Report, Says Govt Needs to Do Better

Hosting dinner party at his residence to celebrate the Congress-led United Progressive Alliance II's (UPA-II), completion of three years in power, Prime Minister Dr. Manmohan Singh released the government's annual report to the people in the presence of the leaders of the Congress party's key allies. The PM admitted that his government needs to do better.

May 23, 2012

UPA II Celebrates 3rd Anniversary; Marred by Unhealthy Relationship

The United Progressive Alliance-II (UPA II) has completed three years in office and Prime Minister Manmohan Singh is hosting a dinner party on Tuesday to celebrate the occasion. But the major allies of the Congress are not in the mood to celebrate. Mamata Banerjee and Karunanidhi will skip the 3rd anniversary celebration

May 22, 2012

BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks.

May 21, 2012

Prices of the safe haven yellow precious gold metal jumped 0.2 per cent to $1,751.80 an ounce after finance ministers in the heavily fiscal-affected eurozone and the International Monetary Fund (IMF) agreed to reduced Greece's long-term debt.

India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India's gold demand slumped 29 percent in the year's first quarter, falling far behind China which is now the world's leading bullion market, the World Gold Council said Thursday. As per the organization's report, the country's gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year. India's gold jewellery market reported a drop at 19 percent to 152 tonnes, while investment demand dipped 46 percent down...

May 17, 2012