'No effort will be spared to tackle the crisis' - Business Standard | Philips acquires Meditronics; to shift R&D work - Hindu Business Line | ‘Govt will protect industry from import surge’ - Hindu Business Line | Sensex ends 7-day losing streak - Business Standard | Dabur buys 72.15% in Fem Care - Business Standard | Forex reserves dip $5 bn as RBI sells dollars - Economic Times | Realty lobbies toe FM line, to drop prices - Livemint | Sonia, Singh underscore why no reforms likely before elections - Livemint

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'No effort will be spared to tackle the crisis' - Business Standard

Business Standard

Business Standard - Amidst news of thousands of domestic job cuts every day, Prime Minister Manmohan Singh today assured that no effort would be spared to “neutralise” to the “maximum” the global meltdown’s adverse impacts on India. - - -

Philips acquires Meditronics; to shift R&D work - Hindu Business Line

Hindu Business Line

Hindu Business Line - (From left) Mr Murali Sivaraman, CEO, Philips Electronics India; Mr Gerard Kleisterlee, President and CEO, Royal Philips Electronics; and Mr Ronald de Jong, CEO Philips Healthcare; at a press conference at in the Capital on Friday. - - -

‘Govt will protect industry from import surge’ - Hindu Business Line

Hindu Business Line - New Delhi, Nov. 21 The Government may in the next few days come up with slew of administrative steps including the introduction of temporary licensing regime for import of select items as part of its efforts to protect the domestic industry from any ... - -

Sensex ends 7-day losing streak - Business Standard

India Infoline.com

Business Standard - Ending a seven-day, 20 per cent decline in the Sensex, stocks gained today as some investors judged recent declines as excessive. Reliance Industries, India’s most valuable company, rose 6.5 per cent, also halting a seven-day slump. - - -

Dabur buys 72.15% in Fem Care - Business Standard

- Dabur India has acquired 72.15 per cent in Fem Care Pharma, a women’s skin-care products company for Rs 203.7 crore in an all-cash deal. - - -

Forex reserves dip $5 bn as RBI sells dollars - Economic Times

Economic Times - MUMBAI: India’s forex reserves continue to be under pressure, with the Reserve Bank of India (RBI) selling dollars to meet buyers’ demand and intervening in the market to stem the rupee’s fall. - - -

Realty lobbies toe FM line, to drop prices - Livemint

Livemint - New Delhi: Claiming they are responding to Union finance minister P. Chidambaram’s request that builders lower prices to generate demand for real estate, two industry lobbies formally called on their members to reduce prices. - - -

Sonia, Singh underscore why no reforms likely before elections - Livemint

Livemint - New Delhi: Ending any lingering hopes of realistic economic reforms in the United Progressive Alliance’s (UPA) remaining months in power, Congress president Sonia Gandhi sharply underscored the need for prudence and caution, and providing “basic ... - - -

Asian stocks recover, Kospi jumps 6 p, European shares mixed - Economic Times

Times Now.tv

Economic Times - 21 Nov 2008, 1958 hrs IST, PTI LONDON: Snapping the four-day losing streak, Asian stocks advanced nearly six per cent in a late rally even as the Japanese central bank said the sluggishness in the economy is expected to continue for next several ... - - -

Bond yields drop on hopes of further rate cut by central bank - Livemint

Sify	Livemint - Mumbai: Bond prices rose, pushing down benchmark 10-year yields to a level last seen in January 2006, as dealers pinned their hopes on another rate cut by the Reserve Bank of India, or RBI, to bolster slowing economic growth. - - -

Rupee falls 2% on week as stocks crumble - India Infoline.com

Hindu

India Infoline.com - The Indian Rupee completed a second successive weekly loss due to a slide in global stocks that fueled concern that foreign investors will continue to sell local stocks. - - -

Citi India may lay off over 1000 employees: WSJ - Business Standard

Rediff

Business Standard - Days after Citi's global CEO Vikram Pandit revealed the group's plans to reduce headcounts by 52000, there are reports that the financial major will lay-off over 1000 employees in India. - - -

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