Things couldn't have gotten better for Indian Institute of Management-Ahmedabad's (IIM-A) class of 2008. Way ahead of the end of the term, over 79 job offers have poured into the campus already.
The young aspiring management graduates still about...
Tag - Business
Sales of houses have decreased and are experiencing a 4 year low. As per the National Association of Realtors, the median price has also taken a dive for the tenth month now. Homeowners are experiencing a very bad situation as they would have to...
Finance ministers of G8 have strictly warned not to give easy and cheap loans to the African countries, as they need to struggle a lot for repaying. After a two-day meeting held in Germany, a statement has been issued regarding the financial position...
Alan Greenspan, the former chairman of the US Federal Reserve and a well-known specialist on interest rate policy, has been roped in as a consultant by the operator of the world's biggest bond fund, the Allianz-owned Pacific Investment Management,...
The galloping increase in the level of shorting in the shares is taking London Stock Exchange (LSE) towards a record haul. Index Explorer, the stock lending whiz reports that about 5.6 % of the LSE's shares are in the dispensed by shorters. Since...
Canada has achieved what no other country has been able to achieve till date; produce a million-dollar coin. Can't believe it, well neither did I in the first instance. The Royal Canadian Mint has engendered a ginormous 100 kg pure gold coin. Well, if...
As per insolvency firm Thomas Charles, people who have crossed the age of fifty five have a tough time tackling their debts. It is expected that a quarter of debt above £10,000 for people in this age group are expected to go insolvent. A report from...
The second largest bank in India, ICICI bank would be raising 20,000 crores in the month of June. The bank would be raising 15,000 crore through public issue and the rest of the money through ADR issue. In India this is the biggest ever fund raising...
In order to dissipate the heat out of the investment boom in China the country has decided to raise the amount of money which the banks are required to hold in reserves. This decision has been taken for the fourth time in this year in order to avoid...
More than 20 years after the world's leading banks opened outlets in China, a group of foreign banks has started providing local-currency retail services in China after receiving the final approval from the authorities. For the first time,...
The chairman of German industrial giant Siemens, who is embroiled in a major corruption scandal, has finally decided to resign. Heinrich von Pierer has announced that he will step down next week after a board meeting. Siemens is currently engulfed...
Mortgage finance giant Freddie Mac has decided to buy as much as $20 billion in mortgages to help borrowers with high-priced loans stay on their survival course. Freddie Mac, the US mortgage finance provider, said that it would offer backing for up...
The US Education Department announced to suspend lenders' access to a government database that contains the personal financial information of millions of student aid applicants. The department was acting on concerns that loan companies or other...
The US Supreme Court in a path breaking ruling held that units of national banks were largely exempt from state regulation. The decision has infuriated critics who argue that it would further wear away the ability of California and other states to...
In a move which could increase FDI in the financial sector in Japan the prime minister of the country has asked the financial regulators to come up with measures for relaxing rules with regards to separation of banking and broking businesses. As of now...
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