World economy
China displaces Germany as world’s third largest economy
14 Jan 2009
China has surpassed Germany to become the world's third largest behind the US and Japan.
IT outsourcing from China growing at 20-40 per cent: report
14 Jan 2009
According to a McKinsey & Co report IT outsourcing grew betwen 20 and 40 per cent in 2008 despite a 39 per cent slowdown in global offshoring
Russia, EU reach deal on resuming gas supplies to Europe
10 Jan 2009
Russia and the EU have reached an agreement on monitoring gas supplies through Ukraine, setting stage for resumption of supplies to Europe.
Bush’s $700-billion bailout criticised by Congressional panel
10 Jan 2009
The spending by the US government’s Troubled Asset Relief Program (TARP) faces trenchant criticism from a Congressional oversight panel
Illinois lawmakers vote overwhelmingly to impeach tainted governor
10 Jan 2009
Lawmakers from the US state of Illinois yesterday voted 114-1 to impeach disgraced governor Rod Blagojevich on corruption charges.
Massive layoffs rumoured at IBM
10 Jan 2009
IBM is reported to have informed the Securities Exchange Commission that it's workforce by 16,000 - the largest in its century-plus history
Data storage giant EMC to slash 2,400 jobs even as fourth-quarter results meet expectations
08 Jan 2009
What will make a perfect 2009?
07 Jan 2009
Six atypical yet interesting wishes that could change the world in 2009. By Shivshankar Verma
Grim data from Europe sends ripples worldwide; Toyota announces production cuts on falling demand
06 Jan 2009
Obama seen favouring $775 billion stimulus plan: Reports
06 Jan 2009
President-elect Barack Obama is in favour of an economic stimulus package in the range of around $775 billion.
WPP plans to lay off staff at global agencies
06 Jan 2009
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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