World stock markets fall on Spain debt downgrade, mixed messages on possible Fed action

World stocks down on Spain’s debt worries
BANGKOK – World stock markets fell Thursday amid mixed messages from the Fed on how to bolster the fading U.S. economy and after Spanish government debt was downgraded over worries about the country’s finances.

Oil prices hovered below $78 a barrel in Asia after strong gains the previous day on …. Read the original article  : here.

Ireland to put Allied Irish Banks under state control, pump billions more into 3 banks

Ireland to pump billions more into debt-hit banks

DUBLIN – Finance Minister Brian Lenihan says Ireland will take majority control of Allied Irish Banks and pump billions more into two smaller Irish banks, Anglo Irish and Irish Nationwide.
Lenihan said Thursday Ireland would give ???3 billion more to Allied Irish, and ???2.7 billion to another nationalized bank, … Read : Ireland to put Allied Irish Banks under state control, pump billions more into 3 banks.

3 Japanese released by China as simmering row over disputed islands begins winding down

3 Japanese freed by China as dispute winds down

BEIJING – China on Thursday released three Japanese detained after allegedly entering a restricted Chinese military zone, as tensions over a maritime dispute began to unwind.
The three were freed after admitting to violating Chinese law but a fourth, identified as Sadamu Takahashi, remained under house arrest and …. Source  : Gaea News Network.

L&T bags Rs.700-crore order

NEW DELHI – Engineering and construction major Larsen and Toubro (L&T) Thursday said it has got orders worth Rs.700 crore from various customers for construction-related works.

The largest order is of Rs.375 crore from Jabalpur Municipal Corporation for the construction of 210 km underground drains, the company said in a regulatory filing.
The … Read the original article on Gaea Times at : L&T bags Rs.700-crore order.

Satyam Computer skids a day after post-fraud results

MUMBAI – The shares of Satyam Computer Services skided Friday, a day after its new management unveiled its results following a shocking $1.75-fraud perpetrated by its erstwhile promoters that had surfaced in January 2009.

The shares of the company, now renamed Mahindra Satyam, opened lower at Rs.94.80- also the intra-day high – against the previous … Read the original article on Gaea Times at : Satyam Computer skids a day after post-fraud results.

Audit services leader PRGX sets up India subsidiary in Pune

Pune (Maharashtra), Sept.30 (ANI-Business Wire India): PRGX Global, Inc. a business analytics and information services firm headquartered in Atlanta, Georgia, USA, has announced the opening of its Indian branch in Pune, Maharashtra.

Romil Bahl, President and CEO of PRGX Global and Tushar Sachdev, Vice President and head of India Operations for PRGX India Private Limited, a … Read : Audit services leader PRGX sets up India subsidiary in Pune.

Spicejet ex-CEO Sanjay Aggarwal joins Kingfisher Airline

NEW DELHI – Kingfisher Airlines (KFA) has appointed former SpiceJet Chief Executive Officer Sanjay Aggarwal in the same capacity.

“I am pleased to announce the appointment of Sanjay Aggarwal as Chief Executive Officer of Kingfisher Airlines Limited with immediate effect,” said Vijay Mallya, chairman and managing director, Thursday.
Mallya will continue in his current role … Original article on : Spicejet ex-CEO Sanjay Aggarwal joins Kingfisher Airline.

India’s annual food inflation surges to 16.44 percent

NEW DELHI – India’s annual food inflation rose further to 16.44 percent for the week ended Sep 18, compared to 15.46 percent the previous week, as heavy rains and floods in parts of the country disrupted the supply of essential food items.

The barometer for food prices has been on the rise from Aug … Read more »».

3 Japanese released after intruding on Chinese military zone, 1 still held amid simmering row

3 Japanese freed, 1 held by China amid dispute

BEIJING – Three Japanese detained after allegedly entering a restricted Chinese military zone were released Thursday, but one was still being held amid simmering tensions after ships collided near disputed islands.
The three were freed after admitting to violating Chinese law but the fourth, identified as Sadamu Takahashi, … Original source on Gaea Times at : 3 Japanese released after intruding on Chinese military zone, 1 still held amid simmering row.

Bulk SMS, MMS ban extended till Oct 1

NEW DELHI – The government has extended the ban on bulk Short Message Services (SMS) and Multi-media Messaging Services (MMS) in the country for a day till Oct 1, hours ahead of the Ayodhya title suit verdict Thursday.

“The ministry of communications and informations technology last evening issued orders in consultation with the … Read : Bulk SMS, MMS ban extended till Oct 1.

Sir John Rose retiring next year as CEO of Rolls-Royce Group

Rolls-Royce CEO Sir John Rose retiring next year

LONDON – Sir John Rose is retiring as CEO of Rolls-Royce Group PLC next year after 15 years heading the aircraft engine maker.
Rolls-Royce announced Thursday that Rose will retire in March.
He will be succeeded by John Rishton, who is now chief executive of the Dutch retail group Royal …. Source  : Gaea News Network.

Supermarket operator Ahold promotes Dick Boer to CEO, replacing John Rishton in March 2011

Ahold appoints Dick Boer as new CEO
AMSTERDAM – Royal Ahold NV, the Dutch owner of supermarkets including the U.S. Stop & Shop and Giant chains, says it will appoint Dutchman Dick Boer as its chief executive effective March 2011, replacing John Rishton.

Boer, 53, is currently Ahold’s top European executive and joined the company in 1998. … Read this article on Gaea Times at : Supermarket operator Ahold promotes Dick Boer to CEO, replacing John Rishton in March 2011.

Wealth of 100 richest Indians pegged at $300 bn by Forbes

WASHINGTON – The net worth of 100 wealthiest Indians is estimated at $300 billion by Forbes Magazine, which ranks the two Ambani brothers, Mukesh and Anil, first and sixth respectively in its latest rich list.

London-based steel magnate and chairman of Arcelor-Mittal Lakshmi N. Mittal was ranked second on the list, while software major Wipro’s …. Read the original article  : here.

Sensex down 75 points, Asian cues weak

MUMBAI – A benchmark index of Indian equities Thursday slipped further in noon trade and was ruling 75 points lower, joining other sombre Asian markets.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened at 19,931.49 points, was ruling at 19,881.06 points, down 75.28 points or 0.38 percent from its previous close …. Original article  : Sensex down 75 points, Asian cues weak.

Postal panel to decide whether to raise price of first-class stamp by 2 cents to 46 cents

Panel considers raising stamp price to 46 cents

WASHINGTON – The independent commission that oversees the Postal Service is preparing to deliver its verdict on a request for a 2-cent increase – to 46 cents – in the cost of mailing a letter.
The Postal Regulatory Commission plans to reveal its decision on requested rate increases at …. Original article  : Postal panel to decide whether to raise price of first-class stamp by 2 cents to 46 cents.

Travel management firm Egencia expands footprint to nine more nations

GURGAON – Travel management firm Egencia is on an expansion drive, and has announced strategic partnerships with leading travel management companies (TMCs) in Denmark, Finland, Greece, Norway, Philippines, Poland, South Africa, Sweden and Thailand.

The Egencia Global Alliance (EGA) comprises partnerships in 25 countries, bringing the company’s global presence to 39 regions. The company … Read more >>.

Moody’s Investors Service downgrades Spanish government debt

Moody’s downgrades Spanish government debt

MADRID – Moody’s Investors Service downgraded Spain’s government debt Thursday, joining two other major credit rating agencies who have taken similar steps out of concern over the country’s bloated public finances and weak growth prospects.
The London-based agency lowered the rating by one notch, from Aaa to Aa1, with a stable outlook. …. Source article on Gaea Times at  : Moody’s Investors Service downgrades Spanish government debt.

SBI Clerk Interview Result 2010 Announced

NEW DELHI, INDIA (GaeaTimes.com) — Finally the much anticipated SBI Clerk Interview result is out. SBI has announced the results of 11000 clerks recruitment today.

SBI, the largest public sector bank of India was expected to announce the results couple of months back. But took 3 weeks extra to make the merit list for more than … Read more >>>.

In South Africa, you can book flights on mobile phones

JOHANNESBURG – People in South Africa can now book their flights and even check in on mobile phones.

The Airports Company South Africa (ACSA) and other airlines in the country have introduced the system which will allow passengers to even print their own boarding passes, BuaNews, the national news agency, reported.
The system, however, has … Read this article on Gaea Times at : In South Africa, you can book flights on mobile phones.

Oil hovers below $78 in Asia as US crude supply drop bolsters trader optimism

Oil hovers below $78 after US crude supply drop

SINGAPORE – Oil prices hovered below $78 a barrel Thursday in Asia after strong gains the previous day on a drop in U.S. crude supplies, a sign demand may be improving.
Benchmark crude for November delivery was down 2 cents to $77.84 a barrel at late afternoon Singapore … Original article on : Oil hovers below $78 in Asia as US crude supply drop bolsters trader optimism.