Saturday, October 4, 2008

Business News

Business News

Nano in Karnataka will top 100 years of Tatas' ties with state

Posted: 05 Oct 2008 12:45 AM CDT

Bangalore, Oct 5 (IANS) If Tata Motors set up their Nano small car project in Karnataka, it will be the icing on the cake for the Tata Group's 100-year-old association with the state, formerly the princely state of Mysore.

Judge tells Wachovia to negotiate only with Citi

Posted: 04 Oct 2008 10:53 PM CDT

NEW YORK (Reuters) - Citigroup Inc said on Saturday that a judge ordered Wachovia Corp to refrain from negotiating with other parties, a day after Wachovia backed out of a plan to sell its banking operations to Citigroup and instead said it was selling all its assets to Wells Fargo & Co.

European leaders vow to fight financial crisis

Posted: 04 Oct 2008 10:09 PM CDT

By Anna Willard and Brian Love

China seeks balance between food security, urbanisation

Posted: 04 Oct 2008 09:08 PM CDT

Beijing, Oct 5 (Xinhua) Feeding 1.3 billion people remains one of China's top challenges after 30 years of reform and opening up and the government's worries are all the more aggravated by the continuous loss of farmland and labour to rampant urbanisation.

German Hypo Real Estate bail-out collapses

Posted: 04 Oct 2008 02:49 PM CDT

Munich, Oct 5 (DPA) Hypo Real Estate (HRE), the German company caught up in the wave of western bank failures, said Saturday a government-backed bail-out it was seeking had collapsed.

Lost and found: Rs.2.9 mn from Uttar Pradesh treasury

Posted: 04 Oct 2008 12:26 PM CDT

Ghaziabad, Oct 4 (IANS) Try and figure out this whodunit: Rs.2.9 million was found missing from the state treasury in this Uttar Pradesh town Saturday but was recovered within hours after police questioned three employees, a senior police officer said.
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