Berlin – On Friday, the 16-nation currency Euro has dropped to its lowest level to $1.1973 for the first time in not more than 4 years, since the time it bought $1.1920 in the year 2006 and now it bought for $1.2182 in New York late Thursday. The steep fall in the euro has further [...]
Cupertino, California – Since its launch about two months ago in April first week, Apple iPad sales have crossed 2 million mark, according to Apple Inc on Monday. The company had sold out about 1 million iPads in US alone just 28 days post its launch. Due to strong public demand here at home, the [...]
London – The London based independent research agency named Skytrax declared the global survey results where about 18 million air passengers from 100 different countries voted the Indian based Kingfisher Airlines owned by Indian industrialist Vijaya Mallya, the best Indian airlines, and the Finnair as the best in North Europe. The survey was carried out [...]
New York – Although efforts are on to deal with the oil spill in the Gulf of Mexico, one cannot ignore the stakes for the region’s economy that are getting higher and higher as the efforts still seem to fall short of any fruitful result. According to economists, the numbers are still being calculated around [...]
Milan – Economists forecast that the 16-country currency Euro could head for a major decline due to the current debt crisis in Europe. Infact, according to some economists, the value of euro may even fall further by the year 2011 to what can be called as the parity against the US dollar i.e. Euro1 equaling [...]
New Delhi – The Economic Times on Thursday reported that the Energy giants the Reliance Industries Ltd (RIL) and the Reliance Natural Resources Ltd will imminently sign a gas supply agreement in 15 days, citing a patch up between the Ambani brothers. According to sources, the agreement that is being negotiated between the two giant [...]
New York – On Thursday morning, stocks in U.S. rose as China expressed confidence in Europe while not planning to sell any of the European debts it has in its hold. This confidence in Europe denied many economical reports of the U.S like the one that had forecasted that the U.S economy did not see [...]
Investors in nine companies of the two Ambani brothers’ groups were richer by nearly Rs 18,000 crore by a single day, driven by the massive spurt in the stocks of RIL and ADA Group companies following their decision to smoke the peace pipe by terminating all the non-compete agreements effected in January 2006. Shares of [...]
Washington – The International Monetary Fund has decided to meet in Washington to vote on a $40 billion bailout for Greece, where the loan that has already been negotiated by the IMF with the European countries, is a part of the $140 billion rescue plan for the country. Since the IMF has already decided to [...]
Mumbai – According to a corporate spokesperson, the British Bank Barclays has gone for a cut down on 250 jobs in India while 50 to 55 bank personnel have either resigned or have been reassigned in the bank in the previous weeks. In 2009, about 240 people were temporarily discharged off the work, and this [...]
