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Morgan Stanley to cut 1,600 jobs in investment bank

Written by | January 10, 2013 | 0 | Total Views: 5,800
Morgan Stanley plans to cut 1,600 jobs in its investment banking unit, roughly 6 percent of staff in that unit, with employees being informed about job losses beginning this week, a person familiar with the matter said on Wednesday. The cuts...

Vijay Mallya writes to employees, lists out revival plan for Kingfisher Airlines

Written by | January 10, 2013 | 1 | Total Views: 7,079
With employees threatening to move court for closure of the company, Kingfisher Airlines chairman Vijay Mallya on Thursday finally broke his silence through a letter to his employees saying the management is making every effort to restart operations. At...

Sensex recovers 103 points

Written by | January 10, 2013 | 1 | Total Views: 6,575
The BSE benchmark Sensex today gained nearly 103 points in early trade, mainly led by a rally in stocks of oil companies on hopes of a hike in fuel prices amid firm global cues. The 30-share barometer, which had lost 75.93 points yesterday,...

Rupee up by 15 paise

Written by | January 10, 2013 | 0 | Total Views: 13,012
The rupee today gained 15 paise to 54.60 against the US dollar in early trade at the Interbank Foreign Exchange market on the back of increased capital inflows. Forex dealers said sustained dollar selling by exporters and banks and a higher...
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