Recession Again ?

msdivy · 19th June 2012, 15:13

Tables have turned, India bailing out Eurozone via IMF !

India announces USD 10 bln for debt-wracked eurozone

sgiitk · 19th June 2012, 18:18

Quote:

Originally Posted by msdivy

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!

SankalpDesai · 20th June 2012, 09:01

Quote:

Originally Posted by sgiitk

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!

akshay380 · 20th June 2012, 09:27

Quote:

Originally Posted by msdivy

Tables have turned, India bailing out Eurozone via IMF !

India announces USD 10 bln for debt-wracked eurozone

Quote:

Originally Posted by sgiitk

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,”

sgiitk · 20th June 2012, 11:45

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.

Irish · 25th June 2012, 11:59

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

Digital Vampire · 25th June 2012, 12:22

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.

MutantX · 25th June 2012, 12:27

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*

mayankk · 25th June 2012, 12:30

Quote:

Originally Posted by MutantX

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....

lambuhere1 · 25th June 2012, 12:56

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 !

Motoringlover · 25th June 2012, 18:27

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

volkman10 · 3rd July 2012, 14:44

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

srishiva · 3rd July 2012, 15:09

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.

sgiitk · 3rd July 2012, 15:33

Quote:

Originally Posted by msdivy

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!!

lambuhere1 · 3rd July 2012, 15:41

Saw this alert now. Wonder how much is true

Red Alert Issued By Think Tank Predicts World System Shakedown (Modern Survival Blog)

19th June 2012, 15:13	#166
msdivy Senior - BHPian Join Date: Aug 2006 Location: Bangalore Posts: 1,815 Thanked: 2,826 Times	Re: Recession Again ? Tables have turned, India bailing out Eurozone via IMF ! India announces USD 10 bln for debt-wracked eurozone
	() Thanks

20th June 2012, 11:45	#170
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,788 Times	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.
	() Thanks

25th June 2012, 12:22	#172
Digital Vampire BHPian Join Date: Jul 2004 Location: Utopia! Posts: 595 Thanked: 105 Times	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.
	() Thanks

25th June 2012, 12:27	#173
MutantX BHPian Join Date: Sep 2009 Location: Madras Posts: 868 Thanked: 93 Times View My Garage	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
	() Thanks

25th June 2012, 12:56	#175
lambuhere1 BHPian Join Date: Oct 2005 Location: @ Driver's Seat @ Posts: 708 Thanked: 106 Times	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 !
	() Thanks

25th June 2012, 18:27	#176
Motoringlover BHPian Join Date: Mar 2010 Location: Bangalore Posts: 424 Thanked: 211 Times View My Garage	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
	() Thanks

3rd July 2012, 15:09	#178
srishiva Senior - BHPian Join Date: Nov 2006 Location: Bengaluru Posts: 4,375 Thanked: 2,256 Times	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.
	() Thanks

3rd July 2012, 15:41	#180
lambuhere1 BHPian Join Date: Oct 2005 Location: @ Driver's Seat @ Posts: 708 Thanked: 106 Times	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)
	() Thanks