Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 19th June 2012, 15:13   #166
Senior - BHPian
 
msdivy's Avatar
 
Join Date: Aug 2006
Location: Bangalore
Posts: 1,446
Thanked: 838 Times
Default Re: Recession Again ?

Tables have turned, India bailing out Eurozone via IMF !

India announces USD 10 bln for debt-wracked eurozone
msdivy is online now   Reply With Quote
Old 19th June 2012, 18:18   #167
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,163
Thanked: 3,759 Times
Default Re: Recession Again ?

Quote:
Originally Posted by msdivy View Post
Tables have turned, India bailing out Eurozone via IMF !
Is it by any chance seeding the market. I bail you out then I expect you to reciprocate!
sgiitk is offline   Reply With Quote
Old 20th June 2012, 09:01   #168
BHPian
 
SankalpDesai's Avatar
 
Join Date: May 2010
Location: Frankfurt
Posts: 232
Thanked: 57 Times
Default Re: Recession Again ?

Quote:
Originally Posted by sgiitk View Post
Is it by any chance seeding the market. I bail you out then I expect you to reciprocate!
Maybe. I see no reason why India should have gone out and bailed the Eurozone when back at home things are not really rosy. But again this is what happens when you have a very 'efficient' government in the centre. I'm sure some of it goes to the Swiss so that they can keep-their-mouth-shut on black money.

Smart move, eh!
SankalpDesai is offline   Reply With Quote
Old 20th June 2012, 09:27   #169
BHPian
 
akshay380's Avatar
 
Join Date: Sep 2011
Location: Goa
Posts: 735
Thanked: 560 Times
Default Re: Recession Again ?

Quote:
Originally Posted by msdivy View Post
Tables have turned, India bailing out Eurozone via IMF !

India announces USD 10 bln for debt-wracked eurozone
Quote:
Originally Posted by sgiitk View Post
Is it by any chance seeding the market. I bail you out then I expect you to reciprocate!
India may not be called to inject $10 bn for eurozone crisis | Firstpost

Quote:
“It (contribution) is considered part of our reserves. The country may not be called upon to give the money if the world situation gets better,”
akshay380 is offline   Reply With Quote
Old 20th June 2012, 11:45   #170
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,163
Thanked: 3,759 Times
Default Re: Recession Again ?

I also heard that it is part of a BRICS initiative in which they have pumped in some 70 odd billions. China has committed 43b. Incidentally, India (I think in 1991) took support from the IMF so I am not too surprised. Also, $10b from a trillion dollar economy is not that big.
sgiitk is offline   Reply With Quote
Old 25th June 2012, 11:59   #171
BHPian
 
Join Date: May 2009
Location: India
Posts: 592
Thanked: 648 Times
Post Re: Recession Again ?

HP May cut 1000 jobs in Germany:

Quote:

BERLIN: Hewlett Packard, the world's largest personal computer maker, may cut as many as 1,000 jobs in Germany as part of planned European-wide redundancies, WirtschaftsWoche reported, citing an unnamed staff representative.

HP is planning to cut about 8,000 positions in Europe by the end of 2014, the German magazine said, citing unnamed officials close to the company.
Source: HP may cut 1,000 jobs in Germany: Report - The Times of India

Cheers!
Irish
Irish is offline   Reply With Quote
Old 25th June 2012, 12:22   #172
BHPian
 
Join Date: Jul 2004
Location: Utopia!
Posts: 577
Thanked: 84 Times
Default Re: Recession Again ?

I'm told that an Indian IT major has asked its employees who were un-billed beyond 70 days to find billable positions withing 15 days or exit procedures will be initiated after the cutoff date.
Digital Vampire is offline   Reply With Quote
Old 25th June 2012, 12:27   #173
BHPian
 
MutantX's Avatar
 
Join Date: Sep 2009
Location: Madras
Posts: 868
Thanked: 87 Times
Default Re: Recession Again ?

Hahaha.. I know HCL does that. Their HR calls you and asks you to find a billable project within 2 weeks else quit the job. The funniest part is that, it is the HR & Management team which is supposed to find projects. How can an employee in the bench find a position in an unknown project. *possible - unless you know project managers with open positions*
MutantX is offline   Reply With Quote
Old 25th June 2012, 12:30   #174
Senior - BHPian
 
mayankk's Avatar
 
Join Date: Apr 2010
Location: New Delhi
Posts: 4,116
Thanked: 3,490 Times
Default Re: Recession Again ?

Quote:
Originally Posted by MutantX View Post
Hahaha.. I know HCL does that. Their HR calls you and asks you to find a billable project within 2 weeks else quit the job. The funniest part is that, it is the HR & Management team which is supposed to find projects. How can an employee in the bench find a position in an unknown project. *possible - unless you know project managers with open positions*
Same in Genpact.
Oh,all too similar....
mayankk is offline   Reply With Quote
Old 25th June 2012, 12:56   #175
BHPian
 
Join Date: Oct 2005
Location: @ Driver's Seat @
Posts: 684
Thanked: 57 Times
Default Bad news: World is sliding into a new recession

Bad news: World is sliding into a new recession
Bad news: World is sliding into a new recession - The Economic Times

Was reading the aforesaid article. Thought it was interesting to share !
lambuhere1 is offline   Reply With Quote
Old 25th June 2012, 18:27   #176
BHPian
 
Motoringlover's Avatar
 
Join Date: Mar 2010
Location: Bangalore
Posts: 396
Thanked: 179 Times
Default Re: Recession Again ?

Well i would say the world has not been a state of well being for a while, i find the definition [ rather categorization of when it is recession to myopic], I would simply look at the National debt Vs GDP. I wish i had the latest results to share, i was able to get some world wide data from Wikipedia.

List of countries by public debt - Wikipedia, the free encyclopedia
Motoringlover is online now   Reply With Quote
Old 3rd July 2012, 14:44   #177
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 10,069
Thanked: 15,623 Times
Default Re: Recession Again ?

PSA seeks to cut up to 10,000 jobs in France

Quote:
The automaker will raise its job cuts target in France alone to 8,000-10,000, according to Christian Lafaye, the head of PSA's second-biggest union
Quote:
PSA is heavily exposed to European markets suffering under the region's debt problems. The automaker is trying to make big savings through restructuring its operations after net debt increased to 3.4 billion euros at the end of 2011
http://www.autonews.com/article/2012...#ixzz1zY6jExzT
volkman10 is offline   Reply With Quote
Old 3rd July 2012, 15:09   #178
Senior - BHPian
 
srishiva's Avatar
 
Join Date: Nov 2006
Location: Bengaluru
Posts: 3,582
Thanked: 823 Times
Default Re: Recession Again ?

U.S is seeing an almost stagnant market (Employment Situation Summary). Its been like that for a while.

Looks like being exposed to U.S market is not that bad for Indian companies right now.
srishiva is online now   Reply With Quote
Old 3rd July 2012, 15:33   #179
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 7,163
Thanked: 3,759 Times
Default Re: Recession Again ?

Quote:
Originally Posted by msdivy View Post
Tables have turned, India bailing out Eurozone via IMF !

India announces USD 10 bln for debt-wracked eurozone
Another idea came up today. Is it subsidizing a particular country? I do not think I need to name it!!
sgiitk is offline   Reply With Quote
Old 3rd July 2012, 15:41   #180
BHPian
 
Join Date: Oct 2005
Location: @ Driver's Seat @
Posts: 684
Thanked: 57 Times
Default Re: Recession Again ?

Saw this alert now. Wonder how much is true

Red Alert Issued By Think Tank Predicts World System Shakedown (Modern Survival Blog)
lambuhere1 is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Effect of Recession on our Jobs lambuhere1 Shifting gears 512 12th December 2011 20:31
Recession in Dubai leading to migrants abandoning cars @ airport & fleeing country!!! supremeBaleno Shifting gears 31 27th April 2009 13:43
Will Recession hit so hard? Surprise Shifting gears 18 16th March 2009 13:52
Hesitation, Confusion, Recession and then the Decision – ‘Budget’ ICE for a Swift Vxi d_himan In-Car Entertainment 16 19th February 2009 22:06
ANHC- Full Interiors, Rims & HIDs? Or should i let the recession get the best of me? Speeding@160mph Modifications & Accessories 16 22nd December 2008 10:48


All times are GMT +5.5. The time now is 20:32.

Copyright ©2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks