The Indian wind energy major had in September agreed to buy the equity stake from Portugese company Martifier for euro 270 million. At present, Suzlon holds 66 per cent stake in REpower. “It was originally scheduled for May. We had accelerated it to December, but we are going with the o…

Read More..

By Glenn Somerville and Matt Spetalnick WASHINGTON (Reuters) – World leaders grappling with the worst financial crisis since the Great Depression of the 1930s pledged on Friday to deliver a concrete plan to ward off recession and prevent future meltdowns. …

Read More..

DETROIT (AP) — In recent months, General Motors has been burning through about $3.1 million an hour, or $52,000 — the price of a well-equipped Chevy Tahoe SUV — every minute. How much longer can this go on? And perhaps more important, can GM hang on until Barack Obama a…

Read More..

LONDON/TOKYO: Germany has fallen into recession and China’s industry output growth waned to its weakest in seven years, data showed on Thursday, reinforcing evidence the financial crisis is plunging the world into a painful downturn. …

Read More..

US shares were set to fall at the open on Thursday, heading for a fourth day of declines, with tech stocks likely to slide after a warning on revenue from chip giant Intel. At 1109 GMT, futures for the Dow Jones and S&P 500 were down 0.5 percent and 0.6 percent respectively, with fut…

Read More..

LONDON: Emerging stocks fell 3 per cent on Thursday with Russia leading the way, as the US government backed away from plans to buy toxic assets and commodity producing countries suffered from the ongoing fall in oil. …

Read More..

It was at 1.3% in August and 6.9% in the same month a year earlier As expected, industrial output recovered somewhat in September from the bleak scenario of August as manufacturers stepped up production ahead of Diwali, bringing some relief to policymakers, companies and financial markets…

Read More..

3099 is going to be very important now, and shouldnt break for the uptrend to continue. breaking 3099, nifty may dip to as much as 3030-2960 levels. …

Read More..

But, the US unit declines markedly because of rising loan defaults in the consumer and corporate units, and writedowns in the securities division HSBC said on Monday that its third-quarter profit rose as asset sales and growth in Asia offset a worsening US economy. Europe’s biggest …

Read More..

MUMBAI: Breaking its six-week long losing trend, country’s top 10 club added over Rs 20,000 crore to the combined market valuation in the past week, even as Reliance Industries and Infosys suffered losses. The top 10 companies together gained Rs 23,273 crore in market cap last week…

Read More..