ADB lends $420 million for India road project
Philippines-based Asian Development Bank will give a loan of $420 million to upgrade and expand Bihar's highway network.
Toyota names family scion as new president
Toyota Motor on Tuesday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its biggest ever crisis.
Fuji to challenge GE in mammography equipment
Fuji Photo Film is challenging General Electric's dominance of the US market for digital breast-cancer detectors after it received permission to sell a device that is cheaper than GE's equipment.
Toyota quits Formula One racing
Formula One was left reeling as Toyota became the latest automaker to quit the motor sport in response to the economic crisis.
Siberian survivor to secretive sadhu... Netaji mystery lives on
After Bose had disappeared from Calcutta, a British war-time sabotage agency set up by PM Winston Churchill had been ordered to ‘eliminate’ him.
Brazil steps up ‘currency war’, pleads ceasefire
Brazil, Latin America’s largest economy, raised the so-called IOF tax on foreigners’ investments in fixed-income securities to 6% from 4%.
IMF approves Pakistan loan package
Pakistan has won final approval for a $7.6 bn loan from the IMF to help the front line state in the campaign against Islamist terrorism stave off possible economic meltdown.
Toyota's ascent to the top a bittersweet victory
Toyota has dethroned Detroit rival General Motors as the world's top automaker, but there were no celebrations Thursday at the crisis-hit Japanese giant, which is bracing for its first-ever loss.
BOJ mulls Fed-style interest on reserves
BOJ says it is mulling offering interest on excess reserves banks park at cbank as part of its efforts to further beef up generous money market funding operations to cope with the credit crisis.
Toyota pays record US fine, widens safety recall
The company agreed to pay $16.4-mn fine, largest for an automaker in US, for hiding accelerator pedal defects blamed in more than 50 US deaths.
G-7 seeks to calm jittery investors amid US S&P rating downgrade and stock market crises
G-7 sought to head off a collapse in investor confidence after US rating cut and a slump in Italian and Spanish debt intensified threats to global economy.
Fujitsu to create 5,500 jobs in India
The move would boost the number of employees at its biz in India to 8,500 by '09 from about 3k currently.
Dollar edges up after diving on weak data
The dollar rose against other units in Asia on Friday after falling due to a series of poor US economic indicators and caution ahead of the release of a monthly jobs report, analysts said.
Hitachi, Panasonic to make India base to access Africa, Middle East; plan Rs 5,700-cr investments
Hitachi and Panasonic plan to invest more than Rs 5,700 crore in India as they have identified the country as one of their biggest bets for growth.
Euro surges after massive EU bailout agreed
The euro surged in Asia on Monday after a massive aid package came through for the eurozone economies and the European Central Bank vowed to implement exceptional measures in support, dealers said.
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