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161. GM Indian unit sees no issue in project funding
The Indian unit of bankrupt General Motors Corp does not see any concern in funding the powertrain plant it is building even though financing had not been finalised, a top executive said on Friday.
05 Jun 2009
162. Govt to focus on growth, poor, fiscal prudence can wait
If the Indian president's parliamentary speech setting out government policy was a pointer, fiscal prudence this year may play second fiddle to growth and populist schemes for the new Congress-led government.
05 Jun 2009
163. "Kill Bill" star David Carradine found hanging in Bangkok
Quentin Tarantino's "Kill Bill" star, David Carradine, who is also known as the wandering Shaolin monk in the 1970s television series "Kung Fu" was found dead in a Bangkok hotel on Thursday.
05 Jun 2009
164. ICICI Bank cuts lending rates by 50 bps
Private sector lender ICICI Bank said on Thursday it was cutting its lending rates by 50 basis points from Friday.
04 Jun 2009
165. Wipro says GM bankruptcy not to hurt
Wipro Ltd, India's No.3 software services firm, said on Wednesday accounts receivable from General Motors was less than $8 million and does not expect to be hit by the U.S. automaker's bankruptcy filing.
03 Jun 2009
166. Loan recast to give banks a temporary breather in FY10
The ongoing bulk loan restructuring by banks may provide a temporary breather to their balance sheets in 2009/10, but provisioning may rise in 2010/11 if the economic slowdown deepens, analysts say.
03 Jun 2009
167. Analysts skeptical about General Motors' future
On Monday, when General Motors Corp. (GM), the iconic 100-year-old automaker filed for bankruptcy to get access to $50 billion of US taxpayer funds for restructuring purpose, the Obama administration and the company executives considered it a victory, a major hurdle cleared to a smooth passage through bankruptcy with approval of a debt-for-equity exchange.
02 Jun 2009
168. The Wily One: Ford succeeded where General Motors failed
With the collapse of General Motors Corp. (GM) on Monday, Ford Motor Co. remains the only automaker among the Detroit Three, which till date, has not sought emergency federal assistance or mulled bankruptcy.
02 Jun 2009
169. General Motors - A heady cocktail of success and failure
Founded in 1908 by Billy Durant with the promise of offering "a car for every purse and purpose," General Motors Corp. (GM) enjoyed a meteoric rise and within three years it had absorbed car brands whose names would come to define the social aspirations and mobility of Middle America as the 20th century progressed - Cadillac, Chevrolet, Pontiac and Oldsmobile – and became a cultural phemonemon.
02 Jun 2009
170. Massive job cuts to dog General Motors bankruptcy proceeding
US President Barack Obama said on Monday, the bankruptcy proceeding gives "GM and its stakeholders…a viable, achievable plan that will give this iconic American company a chance to rise again" but "it will come at a cost," indicating the massive job cuts that could follow.
02 Jun 2009
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