Chinese milk products import in blocked in U.S. The Food and Drug Administration’s effort is to ensure that products contaminated with melamine do not enter the U.S. market.
Not only this, the agency FDA listed dozens of products, including cereals, snack foods, cheese, ice cream, carbonated drinks, candy, puddings and pet foods as potentially contaminated with [...]
Officers of the public sector oil companies have threatened to go on an indefinite strike from Nov 18, demanding improved pay scales.
A press release, issued by the Oil Sector Officers Association Wednesday, said an earlier strike call had been deferred after the ministry of petroleum and natural gas recommended the demands of the association on [...]
There is a lot that needs to be done before you are ready for any event. Most of it is just standard planning stuff, but you really need to take some time when planning out the seating. People are going to be sitting down for awhile, so you really need to make sure that they [...]
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A parliamentary committee comprising 30 MPs was formed Wednesday to ensure that the Millennium Development Goals (MDG), which India aims to achieve along with the rest of the world, are met by 2015.
Raman Senthil, Lok Sabha MP and a core member of the committee on MDGs, said the main aim behind forming such a body [...]
Even as investors in India worry over the markets crash and depleted value of their portfolio, Minister of State of Finance Pawan Kumar Bansal Tuesday said barely two percent of Indians invest in stocks and that losses or gains from the markets were purely notional.
“What we are witnessing today in the Indian markets is an [...]
A day after receiving a 10 billion euro infusion from the Dutch Government, financial services firm ING on Monday announced sale of its Taiwanese life insurance business for about 447 million euro (USD 600 million) to Fubon Financial Holding.
ING will be paid in shares and subordinated debt securities of Taiwan-based financial services major Fubon Financial [...]
Shares of General Motors Corp. lost nearly one-third of their value Thursday, plunging to their lowest level in more than 58 years after Standard & Poor’s said the automaker’s credit could fall further into junk status due to the “rapidly weakening state” of the global automotive market.
GM shares plummeted $2.15, or 31.1 percent, to close [...]
General Electric Co shares fell as much as 10 percent on Thursday, touching a new 5-1/2-year low, as its sale of $15 billion in new stock to investors including Warren Buffett failed to soothe Wall Street worries.
GE shares have tumbled about 40 percent this year as the global credit crunch has taken a heavy toll [...]
Benefits of economic reforms would reach across the society only if the economy grew at eight to nine percent per annum continuously for three or four decades, former Economic Advisor to the Prime Minister C Rangarajan said here on Tuesday.
Speaking at the annual day celebrations of Madras School of Economics, he said: “Country’s economic growth [...]