Latest in Business & Economy
- The U.S. economy is in its worst shape since the deep recession of 1974 and 1975, and if it deteriorates further the most meaningful comparisons will be to the Great Depression.
- RBI offers Rs 59,020 cr at special rate.
- Essar to put up Rs 17,760 crore steel plant in Karnataka.
Ruias-promoted Essar Steel, which plans to raise production
capacity to 25 million tonne per annum, will invest Rs17,
760 crore to put up a 6 mtpa mega steel plant
in Karnataka.
- Kellogg Co became the first major consumer firm to terminate an endorsement relationship with Michael Phelps, as a media storm over a picture of the Olympic champion apparently smoking marijuana begins to eat into his lucrative endorsement deals.
- The new chief executive officer of fraud-hit Satyam Computer
Services sold 40,000 shares of the company in the days before
the previous Board's aborted decision to buy two related firms.
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