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New Zealand's Performance of Services Index rose to 51.3 in August, showing the sector expanded for the second consecutive month. The details of the report...

Chennai-based Thinksoft Global Services plans to use the proceeds from its initial public offer (IPO) to set up a new software testing centre and help partial exit of some of its investors, includi...

Asim Dasgupta, chairman of the empowered committee of state finance ministers, may not have achieved the objective of the Centre, of having a common market through a single goods and services tax (GST), but can be credited for finding a common ground with 35 states and Union territories.

Public spending bill should be cut by £2.4bn a year, the Lib Dem treasury spokesman saysBritain's public spending bill should be cut by £2.4bn a year by freezing the entire budget for millions of public-sector workers, the Liberal Democrat Treasury spokesman, Vince Cable, will declare tomorrow.In an attempt to cast the Lib Dems as the party prepared to take the boldest action to repair the public finances, Cable will warn that only tough and unpopular decisions can work.Cable has been widely praised across the political spectrum for having forecast that Britain was heading to a debt-fuelled recession. He will say that Britain's £158bn public sector pay bill, 22% of all government spending, should be frozen. His plan, which came as the row between Tories and Labour over tax and spending intensified, is designed to save £2.4bn a year on prices for 2008-09.In his speech to the Liberal Democrat conference in Bournemouth, Cable will say: 'We must stop civil service bonuses and the culture o

Public spending bill should be cut by £2.4bn a year, the Lib Dem treasury spokesman saysBritain's public spending bill should be cut by £2.4bn a year by freezing the entire budget for millions of public-sector workers, the Liberal Democrat Treasury spokesman, Vince Cable, will declare tomorrow.In an attempt to cast the Lib Dems as the party prepared to take the boldest action to repair the public finances, Cable will warn that only tough and unpopular decisions can work.Cable has been widely praised across the political spectrum for having forecast that Britain was heading to a debt-fuelled recession. He will say that Britain's £158bn public sector pay bill, 22% of all government spending, should be frozen. His plan, which came as the row between Tories and Labour over tax and spending intensified, is designed to save £2.4bn a year on prices for 2008-09.In his speech to the Liberal Democrat conference in Bournemouth, Cable will say: 'We must stop civil service bonuses and the culture o

Casual customers can try out the offering before deciding to open their wallets; advertisers get the implicit value associated with underwriting content or services. But lately it seems like the ad...

Japan's new government is poised to halt the scheduled initial public offerings of Japan Post Bank, the world's largest bank by deposits, and its sister insurance company, according to the financial services minister

Demand for short-term wheels is growing so fast in these frugal times that rental-car heavyweights Hertz and Enterprise also are jumping into the business.

Moody's Investors Service threw cold water on optimistic projections of a V-shaped recovery in the battered U.S. housing market, predicting it could take more than 10 years to get back to boom-level prices.

NEW DELHI: States will meet finance minister Pranab Mukherjee next month to finalise the list of items to be included in the proposed Goods and Services Tax, which will become the basis for rates i...