-
Citigroup to shed 4,500 jobs to trim costs, makeover losses 04 January 2012
Citigroup is drawing up plans to eliminate about 4,500 jobs, or 1.5 percent of its global work force of 267,000. This impediment is certain as the US financial major seeks to trim costs in a bleak global economic environment. The...
Keywords: Global Crisis, Job Cuts, hedging losses, Vikram Pandit
Read MoreStrong fundamentals to help India return to high growth: Pranab 05 May 2012
Addressing a press conference in Manila, after taking over as Chairman of the Board of Governors of the Asian Development Bank (ADB), he said, India was growing at over 9 per cent. Pinning hopes on revival of business confidence and...
Keywords: banking sector, revival of business confidence, strong fundamentals, founding member of the ADB
Read MoreGlobal Crisis: FDI drops to 50% in October 28 December 2011
The situation in the country looks quite gloomy at the moment with the depletion of Foreign Direct Investments dipping to over 50per cent for the second consecutive month. The situation creates panic in average investor. The Eurozone debt crisis and...
Keywords: Euro Zone debt on India, Global Impact on India, Global crisis, Global crisis
Read More