ET NEWS

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US to control 36% of Citi, Pandit keeps his job
Citigroup CEO Vikram Pandit insisted that Citi management would continue to be in charge, not the federal government.
Flying out of Mumbai will cost more
Beginning April 1, the airport developer will levy Rs 100 from domestic and Rs 600 from international passengers as development fee.
Cutting hours without cutting staff
It's cheaper to trim hours or pay than to slash staff—which is why cos are getting creative with alternatives like furloughs and unpaid leave.

Corporate novels: Mixing business with pleasure
With Indian professionals writing steamy novels based on real-time work experiences, the 'corporate novel' has become the new bestseller.
Money woes can make you sick
Many people are so worried about their finances that they can't function, and are despondent and panicky.
Infosys sees slow tech spending amid global slump
Infosys would hand staff only minimum annual wage rises in April as it looks to rein in costs.
US' Citi stake to rise in conversion deal
The US govt will commit to holding a common equity stake of up to 30-40 percent in Citigroup and look at replacing the group's board.
US government takes big stake in Citi
US govt could own as much as 36% of Citigroup after it announced that it will convert some of the preferred stock it holds into common stock.
Reliance Industries, Reliance Petroleum mull merger
RIL announced today that it will consider a proposal next week to merge Reliance Petroleum into itself to bring in operational efficiency.