Breaking News

Monthly Archives: March 2009

Swiss banks executives face ban on foreign travel

Private banks in Switzerland are not allowing their top executives to travel abroad because of the apprehension that they would be detained, as the authorities are cracking the whip on banks over secrecy matters, says a media report. “Switzerland’s private ... Read More »

Donna Karan New York to enter India with DLF Brands

The global downturn has not impacted plans of luxury retail biggies to expand operations across geographies.  Donna Karan New York (DKNY), label of the fashion designer Donna Karan and part of the world’s leading luxury group LVMH (Moet Hennessy Louis ... Read More »

India emerges 2nd in medical tourism race

India spends 1.2% of its GDP on health, but takes care of foreign patients — the country ranks second in medical tourism. In 2007, Indian hospitals treated 4.5 lakh patients from other countries against topper Thailand’s 12 lakh. A two-year ... Read More »

Google dumps 200 jobs in company’s largest layoffs

Google is jettisoning nearly 200 workers in its largest round of layoffs yet, demonstrating that even highly profitable companies are feeling the recession’s pinch. The job cuts announced Thursday affected less than 1 percent of the 20,200 workers employed by ... Read More »

World Bank approves $500 mn loan for Pakistan

In a bid to help maintain Pakistan’s economic stability, the World Bank has approved $500 million interest-free loan to the country, which is reeling under severe financial crisis. The interest-free credit to support Pakistan is aimed to regain and maintain ... Read More »

70 feared dead in attack on Pakistan mosque

A bomb destroyed a mosque in northwest Pakistan during prayers on Friday, killing at least 70 people, a TV channel said. Over 50 people are reported injured. “Forty-five to 46 bodies have been retrieved … up to 70 people could ... Read More »

Infosys Technologies eyes acquisitions in US

Software major Infosys Technologies Ltd expects to find acquisition opportunities in the US during the downturn, co-chairman Nandan Nilekani was today quoted as saying. “Acquisitions will definitely be very accessible in this market from a price point of view,” Nilekani ... Read More »