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Contributed by World News
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Text: NEW DELHI: Call it the financial slowdown syndrome. India's financial capital Mumbai has recorded a 30% growth in the sale of anti-depressant medicines in the 12-month period ended August. This is much more than the 8% growth in the national market which is estimated at Rs 464 crore. Even in the...
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Text: NEW DELHI: Suzuki Motorcycle India (SMIPL), a subsidiary of Japanese company Suzuki Motor (SMC), plans to invest an additional Rs 150 crore in its operations by 2010. This will fund capacity expansion and new product launches for the...
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S.K. Sham MUMBAI: The Australian media, in so many words, expressed as much its disappointment, as its astonishment over its team's dismissal performance in the second Test against India at Mohali. Rarely, if ever, have Australia suffered such a colossal defeat since they drew upon themselves the mantle of world champions. In terms of runs, they went down by an enormous 320-margin as India took a 1-0 led in the Test series, with two matches to go. The...
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FORMER Bush White House spokesman Scott McClellan says he is backing Democrat Barack Obama for president. Mr McClellan, who was the face of the Republican administration of...
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By Mark Felsenthal Former U.S. Federal Reserve Chairman Alan Greenspan told Congress on Thursday he is "shocked" at the breakdown in U.S. credit markets and said he was "partially" wrong to resist regulation of some securities. Despite concerns he had in 2005 that risks were being underestimated by investors, "this crisis, however, has turned out to be much broader than anything I could have imagined," Greenspan said in remarks prepared for delivery to the House of Representatives Committee on Oversight and Government Reform. "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity -- myself especially -- are in a state of shocked disbelief,"...
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