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Andhra Bank reduces BPLR to 13.25 pctBanks need to lend more: Former RBI headFIR against PNB for bungling Rs 7.90 croreSBI, ICICI say they have enough forex liquidity
in Banking
via Financial Express @ 4:39 10th Nov
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The paradox of thrift is one of the key lessons taught to macroeconomics students during their first undergraduate year. Fundamentally it states that if everyone in society decides to save more right now, then it reduces consumption, with reduces economic activity and thereby incomes—and as a result it may actually decrease aggregate savings, and it will definitely reduce economic activity. It is still widely applied, with recent Nobel prize winner Paul Krugman appealing to it in order to explain why the US needs to jump on in and get consumers spending again.
in Blog Watch
via Financial Express @ 22:15 12th Nov
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Nokia Corp., the world's largest maker of mobile phones, said industry-wide handset sales will be lower this year than previously anticipated, forcing the company to deepen cost cuts as consumers hesitate to buy new models. Global shipments will be about 1.24 billion this year, down from a previous prediction of 1.26 billion phones, and will shrink next year, Nokia said yesterday. Still, the Finland-based company aims to keep or "slightly" increase its market share this quarter from the preceding three months. Nokia also said the global economic slowdown and currency volatility caused a "sharp" slide in consumer spending, which may lead to the first industry contraction since 2001. NOK1V (Helsinki) fell 38 euro cents to €9.95 ($15.48).
in Mobile Technology
via Globe and Mail @ 8:08 15th Nov
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Nokia Corp., the world's largest maker of mobile phones, said industry-wide handset sales will be lower this year than previously anticipated, forcing the company to deepen cost cuts as consumers hesitate to buy new models. Global shipments will be about 1.24 billion this year, down from a previous prediction of 1.26 billion phones, and will shrink next year, Nokia said yesterday. Still, the Finland-based company aims to keep or "slightly" increase its market share this quarter from the preceding three months. Nokia also said the global economic slowdown and currency volatility caused a "sharp" slide in consumer spending, which may lead to the first industry contraction since 2001. NOK1V (Helsinki) fell 38 euro cents to €9.95 ($15.48).
in Mobile Technology
via Globe Investor @ 4:22 15th Nov
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Nokia Corp., the world's largest maker of mobile phones, said industry-wide handset sales will be lower this year than previously anticipated, forcing the company to deepen cost cuts as consumers hesitate to buy new models. Global shipments will be about 1.24 billion this year, down from a previous prediction of 1.26 billion phones, and will shrink next year, Nokia said yesterday. Still, the Finland-based company aims to keep or "slightly" increase its market share this quarter from the preceding three months. Nokia also said the global economic slowdown and currency volatility caused a "sharp" slide in consumer spending, which may lead to the first industry contraction since 2001. NOK1V (Helsinki) fell 38 euro cents to €9.95 ($15.48).
in Mobile Technology
via Report On Business @ 4:23 15th Nov
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in Search Engines
via Biz Journals @ 20:31 3rd Nov
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Sony's game division saw higher revenue on much stronger sales of the PlayStation 3 console during the July to September quarter but the division still recorded a loss during the period, the company said Wednesday.
in Computer Games
via About @ 3:11 1st Nov
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in Computer Games
via ARNnet @ 4:27 30th Oct
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Sony's game division saw higher revenue on much stronger sales of the PlayStation 3 console during the July to September quarter but the division still recorded a loss during the period, the company said Wednesday.
in Computer Games
via Digital Arts @ 16:46 29th Oct
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Sony's game division saw higher revenue on much stronger sales of the PlayStation 3 console during the July to September quarter but the division still recorded a loss during the period, the company said Wednesday.
in Computer Games
via ITworld.com @ 13:50 29th Oct
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Sony's game division saw higher revenue on much stronger sales of the PlayStation 3 console during the July to September quarter but the division still recorded a loss during the period, the company said Wednesday.
in Computer Games
via Macworld @ 13:52 29th Oct
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Sony's game division saw higher revenue on much stronger sales of the PlayStation 3 console during the July to September quarter but the division still recorded a loss during the period, the company said Wednesday.
in Computer Games
via CIO Magazine @ 9:09 29th Oct
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Sony's game division saw higher revenue on much stronger sales of the PlayStation 3 console during the July to September quarter but the division still recorded a loss during the period, the company said Wednesday.
in Computer Games
via NetworkWorld @ 9:09 29th Oct
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Panasonic has announced that it is revising its consolidated financial results forecast for this current fiscal year, which ends March 31, 2009. The company says that the financial crisis that started in the U.S. has spread to other parts of the world, and that the Japanese market has been significantly weakened. Business conditions are rapidly worsening due to the appreciation of the yen, sluggish consumer spending, and intensified price competition.
in Gadgets
via ArsTechnica @ 20:24 28th Nov
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A political qualification is more important to get a top job in Kangra Central Cooperative Bank (KCCB), the biggest cooperative bank of the state, than education qualification.
in Banking
via Chandigarh Tribune @ 17:22 28th Nov
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Comprehensive long term studies commissioned by the Austrian government reveal that mice fed GM maize produced fewer and smaller litters with many genes affected compared to controls. Dr. Mae-Wan Ho
in Biological Science
via Institute of Sciences in Society @ 15:05 19th Nov
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Mumbai (PTI): Chennai-based Indian Bank today reduced the benchmark lending rates by 75 basis points in tandem with other state-run banks.
in Banking
via The Hindu @ 4:36 11th Nov
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BANGALORE: Canara Bank has reduced interest rates (floating) by 75 basis points on housing loans sanctioned on or after November 10. For tenures of up to five years, the rate will now be 9.50 per cent for loans up to Rs. 30 lakh and 10.25 per cent for loans above Rs. 30 lakh. — Special Correspondent
in Banking
via The Hindu @ 16:13 10th Nov
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HYDERABAD: State-run Andhra Bank on Monday reduced its benchmark prime lending rate (BPLR) by 0.75 per cent to 13.25 per cent with immediate effect.
in Banking
via Hindu Business Line @ 8:11 10th Nov
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HYDERABAD: State-run Andhra Bank on Monday reduced its benchmark prime lending rate (BPLR) by 0.75 per cent to 13.25 per cent with immediate effect.
in Banking
via Economictimes @ 8:12 10th Nov
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Bangalore, Nov 5 (PTI): Canara Bank decided to reduce its benchmark prime lending rates by 0.75 per cent from 14 per cent to 13.25 per cent with effect from November 10.
in Banking
via Outlookmoney.com @ 16:37 6th Nov
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Sotheby's, one of the world's largest auctioneers, said on Thursday that because of current global financial volatility, it will reduce the use of auction guarantees, following a loss of $15 million.
in Arts & Culture
via Zaman @ 0:07 27th Oct
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O2 has launched what it says is the UK's leading priced mobile broadband Pay & Go service. Offering its USB modem at £29.99, O2 promises "clear pricing and no strings attached".
in Mobile Technology
via Pocket-lint.co.uk @ 6:21 1st Dec
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J. Craig Venter Institute Becomes A Partner For Raindance's RDT 1000 Instrument And Sequence Enrichment Application
in Nanotech
via Nanowerk @ 23:43 30th Oct
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