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Marma Yogi not abandoned

kamal-Marma Yogi

Marma Yogi plans are on hold temporarily and Saimira will resume the project once the turbulent world economy has settled. “We have no intentions to abandon the project,” he assured.Putting the ever-churning rumor mills to rest, production company Pyramid Saimira convened a press meet at the Devi Sridevi preview theater in Chennai today to throw light on Marma Yogi. Swaminathan, who heads the operations of the Pyramid Saimira, spoke to the press.He clarified Pyramid Saimira’s stand on the issue and refuted rumors that the company is going through a finance crunch that is gripping the global economy. “Saimira’s finances are healthy and the company is well insulated against the crisis. We have steady finance flow to be able to fund a 150 crore project,” he noted.

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November 19, 2008 Posted by | cinema | , , , , , | Leave a comment

TATA says to tighten belts for the employees

Ratan Tata chairman of tata group of companies said all the ceo’s to tighthen the salary belts of their employees due to the recession period.Global financial crisis has made TATA to say this.If the recession period continues their will be a loss of jobs from the Tata group of companies which increases umemployement percentage.ratan

November 14, 2008 Posted by | Uncategorized | , , , , , , | Leave a comment

Europe IN recession club

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LONDON  – World leaders headed to Washington on Friday to try to find ways to tackle a global economic crisis that has plunged much of Europe into its first recession since the euro currency was formed.
The worst financial crisis in 80 years has weakened the world’s major economies and official data showed the 15-nation euro zone economy had shrunk by 0.2 percent for the second quarter in a row.”We think that the situation is likely to get worse before it gets better,” said Nick Kounis, an analyst at Fortis Bank.
“We will probably see further falls in output in the first few months of next year, before a gradualimprovement later in the year, but we think that there will be no real recovery before 2010.”
Analysts said they expected the European Central Bank to cut interest rates further to try to spur economic growth.With Europe, as well as parts of Asia and North America, suffering, leaders of the G20 developed and emerging countries travel to Washington to try to find ways to ensure the crisis, started by a U.S. housing market crash, is not repeated.
But agreement among the G20, which represents 85 percent of the world’s economy and two-thirds of its population, is unlikely over whether more regulation of markets can protect consumers, savers and companies from the fall-out.
Washington says there should be no return to greater state control of financial markets. Much of Europe says without more regulation, a repeat of the last year’s turmoil is inevitable.

November 14, 2008 Posted by | global | , , , , | Leave a comment