Citigroup to cut more than 52,000 jobs
Citigroup has announced a major job cut in their operations. The company is going to cut more than 52,000 jobs in the coming months.
The financial institution is aiming to reduce expenses by 20 per cent in 2009.
The company added that they are aiming to reduce the total head count [...]

K.V. Kamath: ICICI Bank is healthy and fine
Rumors in the market suggested that ICICI Bank was going to take a massive hit from the ongoing global credit turmoil.
Denying these rumors, ICICI Bank CEO K.V. Kamath has come out with a statement saying: “I just want to reiterate ICICI Bank is an extremely healthy institution. We [...]

GM planning to offer zero percent financing on trucks in USA
Market sources say that automobile industry giants GM is now considering plans to offer zero percent financing on trucks in the US market.
This segment of the market has been the worst hit due to the rising oil prices and the company hopes to boost the [...]