Saturday, April 19, 2008

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Citigroup reports $5.11 bn loss, to cut 9000 jobs
    MORE LOSS: Citgroup had to write down loans and bonds worth $12 billion in mortgage crisis.Citgroup had to write down loans and bonds worth $12 billion in mortgage.
'Rising food prices can topple Govts, spark war'
    NO RESPITE: The rising price hits poor people hardest, as food represents as much as 60-80 pc of consumer spending in developing nations.The IMF chief said the problem could also threaten democracies.
Thanks to Nano, Tatas on 'most innovative' list
    PHENOME-NANO: Both Tata and RIL have made it for the first time to the annual list.Tata rode on the cheapest commercial car and RIL on an aggressive growth path.
Marks and Spencer's ties up with Reliance Retail
    MAKING A MARK: M&S signed a path-breaking agreement with the Mukesh Ambani-led Reliance Retail Britain's largest retailer will open at least 50 stores across India.
Wipro FY08 net up 12% at Rs 3,283 cr
    WIPRO PROFIT AND LOSS: Global IT services operating margin declined at 21% versus 24% YoY. Wipro's Q4 consolidated net profit was up by 3.4 per cent.
Pocket money of kids up | How much is too much?
    GIVE ME MONEY: School children spend about 73 per cent of the pocket money on sweets and chocolates.Children are spending about 73 pc of money on sweets and chocolates.
Goyal vs Mallya: 'Battling Billionaires' on Forbes list
    BATTLING IN THE SKY: Vijay Mallya (L) and Naresh Goyal have made it to the Forbes' latest list.The fight for dominance of Indian skies catches Forbes' fancy.
CRR hike: No impact on customers
    PRICE WOES: A 50 basis point hike in CRR means banks will have to keep more idle money.A 50 basis point hike in CRR means banks will have to keep more idle money.
RBI hikes CRR by 0.5 pc to control inflation
    STRONG MOVE: RBI hiked the ratio of mandatory deposits that banks need to maintain.RBI has tinkered with the monetary policy even ahead of the announcement of its credit policy.

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