Copyright \xa9 Yahoo! Web Services India Pvt Ltd. All Rights Reserved. http://in.news.yahoo.com/business-ie.html en-en Fri, 10 Oct 2008 20:45:11 +0530 5 http://in.news.yahoo.com/business-ie.html /images/logo.gif 30 140 http://in.news.yahoo.com/48/20081010/1238/tbs-no-question-of-recession-in-india-ma.html /48/20081010/1238/tbs-no-question-of-recession-in-india-ma_1 Fri, 10 Oct 2008 20:45:11 +0530 Putting up a brave front in the face of global meltdown, Prime Minister Manmohan Singh said that the government is watching the situation on a 'day-to-day and hour-to-hour basis' and asserted that there is no question of recession in India. IE http://in.news.yahoo.com/48/20081010/1237/tbs-fm-s-comments-sensex-recovers-from-e.html Fri, 10 Oct 2008 15:22:48 +0530 http://in.news.yahoo.com/48/20081010/1238/tbs-liquidity-main-problem-will-act-swif.html /48/20081010/1238/tbs-liquidity-main-problem-will-act-swif_1 Fri, 10 Oct 2008 13:11:37 +0530 As the stock market crashed under the pressure of global meltdown and the RBI cut the CRR by one per cent, Finance Minister P Chidambaram on Friday promised to address liquidity and other concerns of the economy. IE http://in.news.yahoo.com/48/20081010/1237/tbs-markets-crash-sensex-slips-over-750.html /48/20081010/1237/tbs-markets-crash-sensex-slips-over-750_1 Fri, 10 Oct 2008 10:42:42 +0530 The BSE benchmark Sensex fell more than 9 per cent early on Friday, joining a global selloff on worries about a recession despite worldwide central bank measures to stave off a crisis. IE http://in.news.yahoo.com/48/20081010/1237/tbs-equities-seen-falling-on-global-sell.html /48/20081010/1237/tbs-equities-seen-falling-on-global-sell_1 Fri, 10 Oct 2008 10:18:36 +0530 The BSE Sensex is set to tumble on Friday, joining a global selloff on worries about a recession despite worldwide central bank measures to stave off a crisis. IE http://in.news.yahoo.com/48/20081010/1237/tbs-rupee-hits-all-time-low-below-4907.html /48/20081010/1237/tbs-rupee-hits-all-time-low-below-4907_1 Fri, 10 Oct 2008 10:18:36 +0530 The rupee fell to a record low past 49.07 per dollar on Friday as the spreading global financial crisis hurt sentiment in Asian stock markets, leading to concerns of a large outflow of foreign funds from India. IE http://in.news.yahoo.com/48/20081010/1239/tbs-citi-ends-talks-with-wells-fargo-on.html /48/20081010/1239/tbs-citi-ends-talks-with-wells-fargo-on_1 Fri, 10 Oct 2008 10:18:36 +0530 Citigroup abandoned its brief but acrimonious battle with Wells Fargo & Co over Wachovia Corp, one of the United States' largest banks, losing out on a deal crucial to strengthening its retail banking business but vowing to pursue up to $60 billion in legal claims. IE http://in.news.yahoo.com/48/20081010/1239/tbs-gm-shares-plunge-to-58-year-low.html /48/20081010/1239/tbs-gm-shares-plunge-to-58-year-low_1 Fri, 10 Oct 2008 10:18:36 +0530 General Motors Corp shares plunged to their lowest level since 1950 on Thursday as concerns mounted that an industry decline that started in the United States was spreading and a leading forecaster warned global auto demand could "collapse" in 2009. GM shares fell as much as 33 per cent to $4.65, driving its market capitalization to its lowest level since 1929, according to California-based Global Financial Data. IE http://in.news.yahoo.com/48/20081010/1239/tbs-imf-readies-emergency-bailouts-for-c.html /48/20081010/1239/tbs-imf-readies-emergency-bailouts-for-c_1 Fri, 10 Oct 2008 10:18:36 +0530 The International Monetary Fund said on Thursday it was ready to lend to countries hit by the global credit crunch and had activated an emergency financing mechanism first used in the 1990s Asian crisis. IE http://in.news.yahoo.com/48/20081009/1238/tbs-india-in-a-position-to-weather-finan.html /48/20081009/1238/tbs-india-in-a-position-to-weather-finan_1 Thu, 09 Oct 2008 15:53:28 +0530 Coming in support of the claims made by the Manmohan Singh Government on Wednesday, the World Bank on Thursday said India is in a position to weather the global financial turmoil, though the country will witness some slowdown in its economic growth. IE