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Tata Sons may bank on TCS to clear telecom arms' AGR dues

It will most likely bank on TCS for sourcing funds in case it has to pay the dues immediately, sources said.
The Economic Times



BoJ keeps rate at 0.5% on ‘sluggish’ economy

The Bank of Japan said it became more pessimistic about the outlook for the economy and kept interest rates at the lowest level among industrial nations.

India seeks Japanese expertise in urbanisation

Viewing Japan as a role model for India in the area of urbanisation, government on Monday sought its cooperation in the development of urban transport, water and sanitation.

Japan's industrial production falls record amount

Japan's industrial production plunged at a record pace in January, as collapsing overseas demand forced manufacturers to keep slashing output and jobs.

ET Prime Distribution
  • Toshiba Corp., the first maker of 3-D televisions that don't require viewers to wear special glasses, sold fewer than half the sets it targeted in the initial month of sales.

    Sony Corp. may pass Samsung Electronics Co. this year as the top seller of flat-screen TVs in India, the fastest-growing major market, DisplaySearch said.

    Toshiba India, a subsidiary of Japan's Toshiba Corporation, on Tuesday, announced actress Vidya Balan as the brand ambassador for its new range of consumer durables like LCD televisions, refrigerators, washing machines and notebooks.

    In a development that signals a shift in Japan’s policy towards civilian nuclear cooperation with India, the two countries agreed to set up a working group on civilian nuclear energy which had its first meeting on Friday.

    The dollar fell against the yen in Asia Thursday as investors decreased their holdings of the dollar for year-end settlements, but traders say its downside is limited.

    Global Brands & Retailers Such As Wal-Mart, VF Corporation, GAP & H&M are flocking to India to source denim.

    The International Monetary Fund said on Monday its executive board had approved an emergency loan of 2.46 billion dollars to help Belarus cope with the global financial crisis.

    The dollar slipped in Asia on Wednesday, pulled down by a decline on the Japanese stock market and illustrating that currency players remain wary of volatility in global markets.

    The yen rose to a four-month high against the dollar as Bank of Japan policy maker Atsushi Mizuno signaled the central bank will raise interest rates again.

    Major car-making countries reported huge plunges in auto sales on Monday, with France and particularly heavyweight Japan hit hard by the deepening world manufacturing crisis.

    NEC Corp. said it was slashing 20,000 jobs worldwide by March 2010 - half of them regular workers - as it sinks deeper into the red. Coming to terms with lay-off

    After a year in which Toyota's worst crisis saw the recall of millions of vehicles, a wave of lawsuits and a record fine, the troubles are far from over, say analysts.

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