Electronics retailer Circuit City Stores has fallen victim to the current financial crisis and has filed for bankruptcy protection. Circuit City has filed for protection under Chapter 11 of the US Bankruptcy Code in the Federal Bankruptcy Court in Richmond, a statement issued by the company said.
Mumbai Police formed a special cell to investigate a complaint by ICICI Bank.
http://www.ibnlive.com/news/cops-probe-icici-bankruptcy-rumours--worst-is-over/75755-7.html
Economist Amir Ullah Khan said India economy not affected much.
http://www.ibnlive.com/news/view-chat-indian-economy-robust-well-regulated/75244-7.html
US lawmakers voted against the proposed intervention in the economy.
http://www.ibnlive.com/news/asian-mkts-plummet-as-us-rejects-bailout-plan--more/74654-16.html
US president George W Bush has been rallying hard to win the bailout.
http://www.ibnlive.com/news/us-lawmakers-reject-700billion-bailout-plan--more/74637-2.html
Fed Reserve wants US senators to agree to the US $ 700 billion bailout package.
http://www.ibnlive.com/news/fed-appeals-us-senate-to-rally-around-wall-street/74232-2.html
IT cos must have significant exposure to BFSI space to survive in the market.
http://www.ibnlive.com/news/lehman-bros-bankruptcy-could-hit-indian-it-cos/73631-7.html
The global investment bank will file a Chapter 11 Bankruptcy petition.
http://www.ibnlive.com/news/lehman-files-for-bankruptcy--boa-to-buy-merrill-lynch/73591-7.html
IIT Bombay says it is not in a position to pay next month’s salaries to staff.
http://www.ibnlive.com/news/elite-iits-go-bankrupt-no-salary-for-mumbai-staff/56790-3.html
WICB clarified that its financial position is not as bad as is being projected and claims to have "broken even".
http://www.ibnlive.com/news/wicb-not-broke-on-a-break-even/16977-5.html
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