The International Labour Organisation (ILO) has revised upwards its estimates of worldwide unemployment, and called for a “global jobs pact” to address the current crisis.
Its statistics estimated that in the period of 2007 to 2009, between 210 million and 239 million people would lose jobs, representing world unemployment rates of 6.5 and 7.4 per [...]

This news was seen as a bright lighting in the dark clouds. Here lighting is the increase in average Indian salary while dark clouds actually means recession.
The monthly income of an average Indian for the first time in the country’s history has crossed Rs 3,000, thanks to economic reforms and a high growth rate of [...]

Here is a good news during recession. People who wanted cheap domain names can now register them via Yahoo Small Business which is offering them at 1.99$ for one year. And yes this special offer is valid till June 30th.
I would surely register a couple of site and keep them safe for my next projects.
To [...]

Now advertisers are getting smater day by day as they making ads relating to latest happenings in real life.
Here is a master piece from Havells India Ltd a company which is engaged in manufacturing of electric switches. The advertisement actually tries to show what shock people got because of recession. “Recession ka shock laga” thats [...]

Yes its recession. No one is hiring so what better than a BPO, people join BOP and they don’t think of leaving the job as it’s recession. The earlier practice being six month in one call center and six month in an another one.
The attrition rate for this industry has come down by an average [...]

We saw that markets corrected lately and this was a big cause of concern every where. Recession was googled every now and then. “Recession” has become a buzz word now.
There are people how booked profits when the markets were at all time high and there are people who have not at all booked profits. [...]

Rakesh Junjunwala rightly defined the stocks markets as “Markets are like women always demanding, unpredictable and volatile.” No one know whats next. For an instance take it – Does any one knows when this recession is going to end ? No, no can say it accurately, one can just predict but as all know that [...]

It seems TCS has not felt the pinch of recession as it is offering bonus issue during recession in a ratio of 1:1.
This is the second bonus issue by the company since it went public five years ago. It had announced a similar bonus in 2006.
Bearing the brunt of global slowdown, TCS battled price re-negotiations [...]

Fortune magazine reported that Top 500 US companies have witnessed 85% fall in profits in half decade.
This is one major proof that recession is still intact and no one knows when it will end ?
Earnings dropped 84.7 per cent from the previous year, from 645 billion dollars to 98.9 billion dollars, marking the largest one-year [...]

Computer-chip giant Intel reported a 55-per cent drop in first-quarter income Tuesday but said that it believed sales had bottomed out and that business was returning to normal.
The projection was significant because Intel’s chips power the vast majority of personal computers, and the company’s performance is often seen as a reliable predictor of the health [...]