New York, May 25: General Motors Corp on Friday borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from Canadian auto workers as a showdown with bondholders set the stage for a bankruptcy filing by the end of the month.
The latest emergency funds extended by the Obama administration take the total government funding to keep GM afloat since the start of the year to $19.4 billion.
New Delhi,May 18: Samsung has announced to launch its N110, NC20, N120 and N310 mini notebook series in the Indian market. These notebooks would be available in the market at a price range of Rs 23,639 to Rs 1,15,000.
The new range of mini notebooks come with features like LED backlit displays for brighter pictures and lower power consumption. It comes powered with USBand spill-proof keyboard.
Samsung India Electronics Director-IT Business Ranjit Yada, said “We are looking at Mini Notebook segment as clear growth driver for our mobile computing business going forward.”
MUMBAI, May 14: Sugar producer Bajaj Hindusthan Ltd (BJHN.BO: Quote, Profile, Research) on Thursday said its board has approved issuing 14.5 million warrants to the promoters.
The warrants entitle its holder to one share each at a price of a minimum of 52.14 rupees each.
Shares in Bajaj Hindusthan were trading up 0.38 percent at 106.50 rupees in a weak Mumbai market.
New Delhi, April 15: Nirmal Bang Research is bullish on State Bank of India (SBI) and maintained ‘Buy’ rating on the stock to achieve a target of Rs 1265.
Traders can buy the stock on dips with a stop loss of Rs 1240.
Shares of the company, on Monday (April 13), closed at Rs 1217.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 130.14 and 9.51 respectively. The share price has seen a 52-week high of Rs 1840 and a low of Rs 894 on BSE.
Mumbai, March 27: The state-owned Punjab National Bank (PNB) feels it would be difficult to lower lending rates any further if the government did not slash interest rates on existing deposits.
New Delhi, March 26: India appears to be set for a deflationary phase with Inflation hitting 30 year low at 0.27 percent even as prices of some essential commodities like cereals and vegetables rose during the period.
The figures released on Thursday were for the week ended March 14, down from 0.44 percent recorded for the earlier week.
However, despite the remarkable drop in inflation rate, there is still no significant drop in consumer price index (CPI), which relates to the prices of consumer goods including fruits and vegetables.
Banglore, March 25: As hundreds of young people graduating in engineering and management in India’s IT hub feel the heat of the global financial meltdown, they are united on one issue – vote in the Lok Sabha polls and vote for those with the best economic recovery plan.
With fewer job offers and lower compensation this year at the summer campus placements, talk among young Bangaloreans centres on the five-phase polls beginning April 16.
Only by electing right candidates can the future become secure. That is the view that dominates the discussion over coffee at a popular hangout.
Colombo, March 22: An International Monetary Fund (IMF) team is to hold talks with Sri Lanka Sunday and finalise its request for a $1.9 billion standby loan to prop up the country’s dwindling foreign exchange reserves, media reports here said.
Responding to reports that conditions may be attached to the IMF loan, a Central Bank official said that there had ‘so far been no talks on conditions’.
New Delhi, March 23: Capping a journey full of admiration but not bereft of controversies, the Tata Nano is all set to steer India into automotive history. Tata Nano is all set to launch today.
The small yet innovative car, revered for its tag of being the worlds cheapest, is ready to fuel up, promising an affordable and comfortable vehicle to millions of Indians for whom a car was far out of reach.