Haneda Rajathi to develop hotels
Haneda Rajathi, a joint venture company promoted by the Chennai-based Rajathi Group and the Malaysia-based Haneda Trading Construction Sdn Bhd, plans to enter the hotel industry. The company will develop 15 new hotels across Tamil Nadu, with an outlay of Rs. 500 crore. These new hotels would either come under the budget or three-star category […]
G7 Issues Joint Statement On Addressing Financial Crisis
G7 Issues Joint Statement On Addressing Financial Crisis
The Group of Seven (G7) issued a joint statement following its meeting in Washington DC addressing the ongoing financial crisis. The text is copied below.
“The G-7 agrees today that the current situation calls for urgent and exceptional action. We commit to continue working together to stabilize financial […]
Global Stocks Plunge as Panic Grips World’s Financial Markets
Global Stocks Plunge as Panic Grips World’s Financial Markets
Global Stocks Plunge
Following the fall in US stocks yesterday, the Japanese Nikkei Index fell almost 10% in its first hour of trading. It closed the day down 9.6%. The sell-off flowed into the European markets as the key London index was down 8.8% and the DJ Stoxx […]