Wrap up: Euro is dead, banking crisis next?

Confused and intimidated by the amount of news hurtling at you everyday? Well, to make your life easier, here’s a quick round-up of the major local and international business and economic news events that happened today.

2G trial begins tomorrow, corporate honchos top focus

The much awaited 2G trial will begin tomorrow with the focus on three top corporate honchos of the Reliance Anil Dhirubhai Ambani Group - Gautam Doshi, Surendra Pipara and Hari Nair. The CBI will produce 13 officials from the company as witness. Read on .

[caption id=“attachment_128509” align=“alignleft” width=“380” caption=“AFP”]  [/caption]

What India can learn grom the Italy, Greece crisis

The first lesson that we need to learn from the Eurozone crisis is that euro is over. Now that Italy and Greece are on verge of a break down, it is good to sit back and analyse what we learnt from this. _Firstpost_ does that for you.

More from Business

Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution

Why India will continue to shine:

India is shining and will continue to do is. Asked few months back, everyone would have conviction in this. But with growing skepticism and talks about corruption no one is sure anymore. Ambit Capital pinpoints the four answers that India needs to look for to revive its economy.

Kingfisher in more trouble, cancels another 30 flights

The aviation regulator Directorate General of Civil Aviation has sent a show-cause notice to Kingfisher Airlines after it cancelled at least 80 flights over the past three days, saying it was taking some of its aircraft off flight schedules to add business class seats. Find out the story .

Impact Shorts

More Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

As Trump weaponises tariff, Fed sees a bigger worry: Not jobs, but rising prices in America

Imports soften further: Why this is worrying

India’s imports growth has softened considerably over the past two months, as per latest official data. In September and October, imports have grown 17.2 percent and 17.1 percent respectively, making it two months of relatively slow growth. In contrast, imports grew by an average of around 35 percent during April-August.

Jump in Italian bond yields drives euro to 15-month low

The euro on Thursday continued to make hefty losses just like the day before after Italian borrowing costs spiked. The currency looked dismal amid fears that Italy’s woes could overwhelm the eurozone’s finances and spark global financial turmoil. Read more on this.

Gloomy outlook for auto even in 2012

Things are not looking great in India as well with car sales in October plunging 24 percent to hit an 11-year low, according to the Society of Indian Automobile Manufacturers. WIll things be better next year. FInd out .

Hyundai shelves plan to set up new diesel engine plant

Talking of cars, Hyundai seems to have fallen victim to the economic crisis. India’s second largest car manufacturer shelved a plan to set up a diesel engine manufacturing plant at an investment of Rs 400 crore. Here is the story .

Oil demand will not fall despite the economic turmoil

OPEC on Wednesday held steady its forecast for oil demand growth next year, but warned that uncertainty has increased in the world’s economic outlook as the eurozone nations grapple with their debt crisis. Here is more on this.

A banking crisis now?

There’s a 65 percent chance of a banking crisis between 23 and 26 November, which will be triggered by a Greek default and a run on the Italian banking system. A global researching firm Exclusive Analysis just warned us about this. Find out more .