BOURSES / Sensex plummets 901 points as bears rule the roost
Manic Monday mauls markets It was another manic Monday on bourses. The bears, which had countrys markets in their stranglehold since Friday last soon after the presention of the Union Budget, saw them further collar their vicious grip on Monday.
Exports record 20.47% growth Exports increased to $13.14 billion in January 2008 from $10.9 billion a year ago, while imports grew by a huge 63.57 per cent to $22.50 billion, leaving a trade deficit of $9.36 billion.
ECONOMY / Steps to spur growth
Forget tax sops, FM tells CEOs Finance Minister P Chidambaram, on Monday, ruled out revisiting tax proposals in the 2008-09 general budget to give any further concessions to industry.
Barclays buys out Expobank The acquisition was expected to go through by July and would result in Barclays first retail banking presence Russia.
BANKING / Posts net profit of $19.13 billion as revenues swell
Bad debts dent HSBC by $17 b Global banking giant HSBC said on Monday that it had to take a massive US$17 billion hit on its exposure to the collapsing US housing market and the resulting global credit crunch.
Who’s to be blamed the most for Karnataka’s failure to get enough railway projects and funds during the last four years. Lalu Prasad, State MPs or the UPA government.Deccan Herald had invited readers’ opinion on the issue. Most of our readers blamed the State MPs for the failure and have asked them to unite , barring party lines, to work for the welfare of the State.
