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Govt may slash fuel rates on Thursday
New Delhi: The government may on Thursday cut petrol, diesel and domestic LPG prices, besides freeing fuel pricing from administrative control, a petroleum ministry official said today. 'Fuel price cut as soon as possible' The Cabinet, scheduled to meet on Thursday, may reduce petrol price by Rs 5 a litre, diesel by Rs 3 per litre and domestic LPG by Rs 25 per cylinder, giving relief to

Logitech to slash 15% of jobs, withdraws targets

Logitech International SA, the world's largest computer mouse maker, said it would cut 15 per cent of its salaried workforce and withdrew its fiscal 2009 financial targets, citing deepening global rec

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Samsung mulls slashing 2009 chip investment

Samsung Electronics, the world's largest maker of memory chips, is considering cutting its 2009 investment in semiconductors by more than half from last year, the Korea Times reported on Monday, ci

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Hotels slash New Year prices

Global economic recession and the Mumbai carnage have hit New Year festivities so badly that, to attract customers, some major hotels in the capital have cut prices by as much as 20 per cent.

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Bank of India lowers lending rates

Government-owned Bank of India (BoI) on Monday cut its prime lending rate by 75 basis points to 12.5 per cent from January 1, 2009.

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Andhra Bank slashes rates for MSMEs

In order to provide relief to the micro, small and medium enterprises sector, Andhra Bank has announced a reduction of interest rates to micro industries by 100 basis points and small and medium enter

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