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Top banks face losses in ‘pyramid fraud’
Alleged fraud by Wall Street figurehead

Fed ready to cut key interest rate
WASHINGTON: With the U.S. spiralling deeper into recession, the Federal Reserve is ready to slash its key interest rate — perhaps to an all-time low — in hopes of cushioning some of the economic fallout felt by many struggling ...

‘Housing issue should be looked at from totality’


HCL introduces ‘Safe State’ concept
NEW DELHI: HCL Security Ltd, a wholly-owned subsidiary of HCL Infosystems, on Monday introduced a unique concept of ‘Safe State’, an architecture that leverages technology to build a security framework that will safeguard life and ...

Realtors term loan package inadequate


Venture for transformer testing
Four public sector power units to chip in with Rs. 83 crore

Other Stories



Barometer


Briefly
IBM, Rajasthan co-operative bank sign pact
JAIPUR: IBM has signed a five-year IT outsourcing agreement with Madhav Nagrik Sahakari Bank, one of the leading banks in the cooperative sector in Rajasthan. Under the agreement, first of its kind for IBM in the State, the company will host ...

McNally Bharat gets Essar order
KOLKATA: B. M. Khaitan group company McNally Bharat Engineering Company Ltd (MBECL) has received an order of Rs. 88 crore from Essar Constructions (India) for supply of various materials at their different plants according to a positing made ...

Ramky group partners ATCO
HYDERABAD: Ramky Group, a Hyderabad-based environment and waste management company, and A. A. Turki Group (ATCO), one of Saudi Arabia’s conglomerates, signed a memorandum of understanding and joint venture agreement for establishing an ...

Air Works selects Ramco’s modules
CHENNAI: Ramco’s Global Aviation M&E (maintenance & engineering) and MRO (maintenance, repair and overhaul) software provider, a division of Ramco Systems has annonced that Air Works has selected its suite of materials management ...

Birla Precision plans expansion
CHENNAI: Birla Kennametal, a joint venture of Yash Birla group and Kennametal of the U.S. has been renamed Birla Precision Technologies (BPT). The company is now a wholly owned entity of the Yash Birla group. The company is planning to expand ...

New Country Manager for SK C&C India
CHENNAI: SK C&C India, a subsidiary of SK C&C Korea has appointed Sanjay Gupta as Country Manager and COO in India. Mr. Gupta will take care of SK C&C’s global delivery centre set up in India. According to a release, Mr. ...




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