Nov 1, 2014 01:39 AM
The State government backs Nokia’s proposal that the Centre unfreeze the Sriperumpudur property for its sale. As per the proposal, the proceeds will be deposited in an escrow account. As the government feels it reasonable, it supports the plan, an o
Nov 1, 2014 01:38 AM
As Nokia officially winds down operations, murmurs in the Sriperumbudur industrial belt indicate that trade unionism has become a major concern. Though Nokia’ downfall has little to do with labour issues as such, the closure of the plant has gi
Nov 1, 2014 01:37 AM
Nokia's largest mobile manufacturing unit at Sriperumbudur near Chennai to suspend operations from Saturday. P. Rajesh, 29, was waiting for his turn to sign a register agreeing for the final settlement in a meeting hall five km from the Nokia factory at
Nov 1, 2014 12:24 AM
Using ATMs (automated teller machines) to withdraw money or for other purposes such as balance enquiry beyond five times in a month will attract a levy of Rs.20 a transaction from Saturday. According to the Reserve Bank of India’s new guidelines t
Nov 1, 2014 12:21 AM
State Bank of Travancore (SBT) has launched effective recovery measures aimed at ‘substantial reduction’ in non-performing assets (NPAs).Asset tracking centres are being fully activated as part of a major strategy to prevent further slippage i
Nov 1, 2014 12:20 AM
Growth of the eight core industries dropped to 1.9 per cent in September from 9 per cent in the same month last year due to fall in output of crude oil, natural gas, refinery products and fertilizer. The growth stood at 5.8 per cent in Augu
Nov 1, 2014 12:19 AM
After scrapping the selection of public sector bank (PSB) heads made during the previous government’s tenure, the Narendra Modi-led government will begin a fresh selection process, and is hopeful of finalising the candidates for eight PSBs within th
Nov 1, 2014 12:17 AM
Falling crude prices not sufficient to contain deficit The fiscal deficit reached nearly 83 per cent of its full-year target in the first half of this fiscal, giving the government a tough job meeting its budget target even with help from a fall in glob
Nov 1, 2014 12:16 AM
The BOJ’s decision stands in marked contrast with the Federal Reserve, which, on Wednesday, ended its own ‘quantitative easing’, judging that the U.S. economy had recovered enough to dispense with the emergency flood of cash into its fin
Nov 1, 2014 12:14 AM
Gold suffered its biggest fall in over 15 months and closed below the key Rs.26,000-per 10 grams mark at the domestic bullion market here on Friday on the back of massive selling from speculative traders and stockists. Silver too plunged sharply to hit
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