The bank's new proposal is called Christmas Deposit positioned as a present to clients by Christmas holidays.

As officials worldwide scrambled to contain the spreading financial virus, hopes are rising that the latest government plans to purchase equity stakes in banks may finally offer the right medicine. And with the patient apparently stabilized -- at least for

Days before the government stepped in to rescue Fannie Mae and Freddie Mac, Knowledge@Wharton chatted with Mark Zandi, the chief economist and cofounder of what is now Moody's Economy.com, about his new book, Financial Shock: A 360-Degree Look at the

With stock markets in freefall, U.S. Treasury Secretary Henry Paulson announced on Tuesday that the government's effort to unlock credit markets would include direct investments of $250 billion in bank equities. He also warned bankers not to hoard the money,

Despite the rash of bad economic news, the recent 11th annual Wharton Investment Management Conference offered its audience some hope for redemption, or at least a few possible bargains, in selected industries. And while no one -- including keynote speaker

The ongoing turmoil in the global financial markets has cast its impact on every sector with petroleum sector being no exception.

The snowballing global financial crisis may have hit the world's biggest insurance players like AIG and Fortis severely.

After announcing a slew of measures to address concerns over inadequate liquidity, the government is expected to pump in at least another Rs 30,000 crore of cash...

For those too busy playing video games to watch presidential ads on television, Barack Obama has a solution.

The liquidity crisis, both globally and in India, is beginning to impact the demand for steel, bringing the topline under pressure for manufacturers.

Though they come in all kinds of shapes and sizes, bosses are all interested in precisely the same thing-in having you make them look better. Anything else is incidental to them. So it's your job to make sure that you

The Reserve Bank of India and the finance ministry created a flood of liquidity on Wednesday to help banks channel investments into the economy and keep stock markets buoyant, despite the global uncertainties. RBI deployed its full arsenal of instruments

Indian companies have not been immune to the global market meltdown. Paucity of debt and equity capital on account of the nervous sentiment prevailing among lenders and investors is causing many to roll back their plans and projects.

The newly announced alliance between Jet Airways and Kingfisher will save the two airlines a whopping Rs 1,500 crore...

It seems a shame to run down the battery of an iPhone by making phone calls. There are so many more interesting things to do with it since July, when Apple Inc. opened up the popular smartphone to outside software

US-based IT major Computer Science Corporation plans to increase its headcount in India by 2,000 over the next six months. This addition of 2,000 employees would take the company's total workforce tally to 21,000.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it

The department of post has launched a new initiative of sale of 24-carat gold coins through its post offices.

Globally competitive business practices, favourable regulatory environment and huge fund supply have made Indian corporates cautious in tapping overseas markets.

Under severe pressure from its pro-Tamil southern ally DMK, Prime Minister Manmohan Singh on Wednesday...