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Vodafone Essar has launched Voice SMS service in 16 circles across India. The Voice SMS for Vodafone is powered by Kirusa, where Vodafone (prepaid and postpaid) users will able to send Voice SMS to any mobile subscriber in India for a fixed price of 75 paise per minute.
Vodafone’s Voice SMS service does not require any [...]

Indian companies listed on the American bourses lost nearly six billion dollars in just one week, with the market value of HDFC Bank eroding as much as $1.38 billion, amid worsening financial turmoil and scour corporate news battering world markets.

The 16 Indian firms in the New York Stock Exchange and Nasdaq collectively lost [...]

Total of 22 American banks have collapsed this year so far, and uncertainty over banking giant Citigroup, struggled this week to save itself from becoming number 23 in this fast growing long list , on Friday, three US banks collapsed with two of them being in California and the third one in Georgia.

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JPMorgan Chase, the largest U.S. bank, plans to fire about 10 percent of its investment banking staff, or about 3,000 people, as the global economy slides into reces sion. Geoff Boisi, co-chief executive of JPMorgan Chase’s investment banking division, delivered the news to his staff by leaving them a detailed recorded voicemail message.The job cuts, [...]

Wondeful Policy by Infosys in recession time, instead of forcing employees , they are asking employee to go for some break on 50% of their salary. Unique ideas are generated from infosys only. Read the complete story which was published on Rediff few days back.

India’s second-largest information technology services provider, Infosys Technologies, has [...]

Current situation is not good for Private sector employees, Lot of pink slips (An executive way to define Fired from job) has been issued to employees of many big private sector names like Citigroup, HSBC, Jet Airways and many more. It is not under performer who are fired from the organization ,even many good performer [...]

After the Bad Phase and Rumor of ICICI bankruptcy , Country’s top private sector lender ICICI Bank on Monday said its second quarter profit after tax rose to Rs 1,014 crore, up by a modest 1.1 per cent on a year-on- year basis.
The PAT figure for the latest quarter represented a 39 per [...]

Wall Street tumbled again on Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones industrial average, which finished off its lows with a loss of 514 points.

The IMF [...]

BANGALORE: Wipro Ltd, India’s third-biggest software services exporter, reported a 1.2 per cent rise in quarterly net profit, lagging expectations, and said it was cautious on the near-term outlook because of deteriorating economic conditions.
The company posted net profit of 8.22 billion rupees ($168 million) in its fiscal second quarter ended September 30, from 8.12 billion [...]

In the midst of a financial turmoil that has raised questions, among other things, about fat executive pay packets, a media report listed out 12 top Wall Street bankers who collectively took home over $1 billion (yes, $1 billion!) in the past five years.
The total take-home pay of the 12 bankers, current and former chiefs [...]