Thursday, January 29, 2009

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Top Business News- IBNLive.com

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Slow and unsteady: IMF bursts India bubble
    ALL ABOUT THE MONEY: World growth is projected to fall to just 0.5 per cent in 2009.Montek Singh Ahluwalia put the figure to a realistic seven per cent.
Retail chain Subhiksha in money, land trouble
    RETAIL NIGHTMARE: The retail chain Subhiksha has denied all allegations.An employee is booked for non-payment of salaries.
Inflation figures 5.64 per cent, no sign of recovery
    MAPPING COSTS: The inflation figures are indicative of economic trends in society and therefore important.Wholesale price index is more closely watched, is released weekly.
Government cuts petro prices, cooking gas
    FUEL PRICES CUT: The new prices will be effective from Wednesday midnight.The new prices will be effective from Wednesday midnight.
Economic crisis to trigger more job loss in '09: ILO
    BLEAK FUTURE: Global unemployment in '09 could increase over '07 by a range of 18 mn to 30 mn workers.Global unemployment in 2009 could increase over 2007.
Reddy to PM: Satyam set up 300 cos for insider trading
    SATYAM CRISIS: YSR wrote to the Prime Minister saying that records had been embellished for seven years.The Satyam saga has taken on political tones.
Customers bank on PSUs, private banks' growth slows
    NOT BANKABLE? Deposit takings of PSU banks increased substantially while growth has been slower for private banks.Customers are shifting their money to public sector banks.
Satyam case: Raju's bail plea dismissed
    NO RELIEF: Ramalinga Raju, Rama Raju and Srinivas are in judicial custody till January 31. Ramalinga Raju, Rama Raju and Srinivas are in judicial custody till January 31.

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