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Archive for the 'Business And Finance' Category.
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E-File your Tax Returns and Get Faster Refunds

Saturday, December 27th, 2008

There are options like free efile of your income tax which will make the filing process a lot quicker and hence get the refunds a lot faster than expected. Instead of going for the conventional way to file your tax returns you could opt for efile option which is free to use and will require [...]

Stimulus helps equities retain gains during week

Saturday, December 13th, 2008

The Indian equities market posted healthy gains during the week despite concerns about the troubled US auto market, with a key index gaining 724.87 points or 8.08 percent over its close Dec 5 thanks to the fiscal stimulus package the government announced Dec 7.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed at [...]

Oil rises above USD 43 per barrel

Monday, December 8th, 2008

Oil leapt 6 per cent on Monday to more than $43 a barrel, as a rebound in global equity markets and further evidence of supply cuts by top exporter Saudi Arabia helped the market break a six-session losing streak.
Prices dropped 25 per cent last week, their biggest weekly fall in nearly 18 years, depressed by [...]

Straight Razors Usage Guide

Saturday, December 6th, 2008

With more and more people inclining towards the straight razors or otherwise commonly known as cut-throat razor, these days which only shows its regaining popularity among the current generation. You should know certain points to remember before buying these razors for your shaving purposes.
One important thing you should look for when buying straight razors is [...]

Qantas cuts capacity, profit forecast, AS

Tuesday, November 25th, 2008

Qantas Airways Ltd. has slashed its profit forecast for the current year and will cut back on services to cope with plummeting demand because of the global financial downturn.
Chief executive Geoff Dixon said in a statement Tuesday Qantas now expects its profit before tax for the year to the end of June 2009 to be [...]

No evidence of manipulation in stock markets: SEBI chief

Tuesday, November 25th, 2008

Assuring the investors that there is no evidence of manipulation in the stock markets, SEBI Chairman C B Bhave has said that retail as well as some foreign investors are actually picking up stocks at current levels.
“We have not found anything in the market that would give us suspicion that something had seriously gone wrong [...]

Financial crisis: Ford sells $540 million of Mazda stock

Thursday, November 20th, 2008

Ford Motor Co. has said that it will sell 20 percent of Mazda tomorrow, reducing its holdings to 13 percent.
The company is trying its best effort to pull itself from the financial crunch, which lashed the global economy recently.
Hiroshima-based Mazda will buy back up to a 6.9 percent stake for as much as 17.9 billion [...]

“Big Three” more eager to get bailout

Wednesday, November 19th, 2008

Detroit’s Big Three auto makers are more eager to get $25 billion bailout.
Democratic congressional leaders want to tap the $700 billion Wall Street rescue package for new loans to U.S. auto manufacturers and suppliers.
The debate comes as the financial situation for General Motors Corp., Ford Motor Co. and Chrysler LLC grows more precarious. GM has [...]

Auto industry to cut 3 million jobs in U.S.

Monday, November 17th, 2008

America’s ailing auto fears 3 million job cut by next year. If three big car makers - General Motors, Ford and Chrysler - are allowed to collapse, there’ll be great loss to the jobs.
According to the experts, so many US businesses depended on the Big Three for survival that allowing even one of the carmakers [...]

Immigrants bring in fresh ideas, more vigour: Lord Paul

Saturday, November 15th, 2008

Immigrants bring in “fresh ideas, more vigour and much greater desire for success”, NRI industrialist Lord Swraj Paul said, favouring investment in immigrant communities on a “long-term basis”. “Investment in the immigrant communities has to be looked at on a more long-term basis and not a short-term basis to suit some short-term results,” Lord Paul [...]