Banks have gone bust, jobs have been cut and stock markets are taking a pounding the world over. And in India, this is the worst October in
the 29 years that the 30-share benchmark Sensex has seen....

Times of India

DETROIT, Michigan: Struggling US auto giant General Motors dismissed as "pure speculation" a report on Wednesday that it had asked Japanese rival
Toyota Motor Corp for help to revive its business.
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Times of India

Tata Steel Ltd, India's largest producer, had its credit-rating outlook cut to "negative" by Moody's Investors Service, which cited challenges facin
g the company's United Kingdom unit Corus group.
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Times of India

On a day when finance minister P Chidambaram reiterated that the fundamentals of the Indian economy were sound, official data showed that
industrial growth in August had plummeted to just 1.3% over the same month in 2007, raising doubts about whether the economy could achieve even 7.5% growth in the current year.
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Times of India

Rising inflation and higher input costs may be putting pressure on India Inc but this has not taken a toll on employee salaries. At least not yet. In fact, salaries went up by almost 14.8% this year. Indeed, this may be lower than last year's average of 15.1%, but the slowing down of the economy has not really affected salaries this year. This was revealed by a study conducted across 150 companies by Hewitt Associates.
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Times of India

The Indian steel industry has been severely hit as the Chinese government on Sunday raised the duty for metrological coke to 40%. The decision represents a steep 15% hike over the earlier level of 25%, the customs department under the State Council, the Chinese cabinet, said....

Times of India

Oil minister Murli Deora is to seek answers from heads of state-owned oil marketing companies on Wednesday on reports of diesel shortages and resultant long queues at petrol pumps in Maharashtra, Gujarat, Bihar, Jharkhand and Madhya Pradesh.
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Times of India

The signs of slowdown in the economy are getting stronger. After car sales fell 1.7% in July, the first quarter figure of industry's performance revealed another gloomy picture.
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Times of India

Global auto major Toyota Motor Corp plans to introduce its hybrid sedan Prius in India as an answer to soaring fuel prices and growing concerns over emissions, a top official at its Indian joint venture said.

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Times of India

A day after it reported a 7% drop in first quarter net profit, Maruti Suzuki on Tuesday hinted at a challenging year ahead due to factors like high interest rates and increased commodity costs.

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Times of India