Business News

Britain unveils 50 bln stg bank rescue package Posted: 08 Oct 2008 02:21 AM CDT By Sumeet Desai and Jodie Ginsberg

Citi selling India back office to TCS for $505mln - source Posted: 08 Oct 2008 02:15 AM CDT HONG KONG/MUMBAI (Reuters) - U.S. financial giant Citigroup, which has been shedding non-core assets, plans to sell its Indian back office operation to Tata Consultancy Services, people familiar with the matter said, in a deal that one source said would be worth $505 million.

Nikkei plunges 9.4 pct, biggest one-day fall since '87 Posted: 08 Oct 2008 02:13 AM CDT By Aiko Hayashi

Govt not to launch overseas dollar bonds; may relax ECB norms Posted: 08 Oct 2008 02:12 AM CDT New Delhi, Oct 8 (PTI) Government today ruled out launching of dollar-denominated bonds but indicated that it may further relax overseas borrowing norms and raise FII investment limit in debt

Auspicious days for buying gold Posted: 08 Oct 2008 02:09 AM CDT MUMBAI (Reuters) - The following are some of the days considered auspicious according to the Hindu calendar for gold purchases in India:

FOCUS - India's opaque gold industry gives in to change Posted: 08 Oct 2008 02:07 AM CDT By Ruchira Singh

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