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CONSULTANCY CONTRACT FORECLOSURE
Sacked employees paid off a lump sum will now have to pay tax on compensation receivedSection 28 (ii) of the I-T Act taxes certain compensations received by any person for any change in terms or termination of agency, mgmt of...
- Some important things to know about loans
It is better to understand the nitty-gritties of loans before availing them.
- Casino major MGM Mirage to launch non-gaming luxury hotel brands in India
MGM Mirage, the Las Vegas Strip’s largest casino owner, is entering India with non-gaming luxury hotels as it turns to emerging markets lik...
- Rescue efforts show difficulty of fixing bank woes
The day before Obama takes office, the escalating troubles facing major banks around the world couldn't be clearer. Top banking crises sinc...
- BPOs thrive as firms take to outsourcing in trying times
With the global economic slowdown beginning to bite, clients are now looking towards their outsourcing vendors to cut costs. IT megavendors
- Fannie, Freddie execs turned aside warnings
Top executives at mortgage finance companies Fannie Mae and Freddie Mac ignored warnings that they were taking on too many risky loans long...
- US Jobless ranks hit 10 million, most in 25 yrs
Politicians and economists in US agreed on a painful bottom line: It's only going to get worse. Financial rescue plans | 20 banking crises ...
- Oil seesaws on supply, economic uncertainties
Oil prices fluctuated Thursday, hovering near $105 a barrel as traders grappled with what impact a pending US financial bailout plan would ...
- Oil price steady on supply delays, bailout plan
Oil prices were down Thursday at under US$105 a barrel as investors weighed supply delays in the Gulf of Mexico against concerns that the U...
- US subprime crisis: All aboard the foreclosure bus
One man's tragedy is another man's opportunity, as potential buyers wander through the empty homes, inspecting every room, opening every cu...
- Job losses hit; recession fears begin to haunt
Workers' pink slips stacked ever higher as jittery employers slashed 80,000 jobs & the national unemployment rate climbed to 5.1%. Placemen...
- Consumer confidence sinks even lower, hurt by deteriorating jobs market, recession worries
Americans' confidence in the U.S. economy sank even lower amid heightened fears about shrinking job opportunities and the possibility the c...
- US tries to prolong growth with subprime rate freeze
The 3-year housing slump is pushing home values down in the US, even as more than 30% of borrowers with subprime-adjustable rate mortgages ...
- Securitisation of financial assets
With local banks getting ready to adopt Basel-II norms for risk management, the next step should be to make securitisation of assets an eff...