<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>News Vulture &#187; Business</title>
	<atom:link href="http://www.newsvulture.com/category/business/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.newsvulture.com</link>
	<description>Focusing on Corruption in India. Bringing out the profiles most crooked in India.</description>
	<lastBuildDate>Wed, 08 Jun 2011 21:32:55 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.2.1</generator>
		<item>
		<title>Auction listing fees cut for casual sellers: EBay</title>
		<link>http://www.newsvulture.com/2009/05/13/auction-listing-fees-cut-for-casual-sellers-ebay/</link>
		<comments>http://www.newsvulture.com/2009/05/13/auction-listing-fees-cut-for-casual-sellers-ebay/#comments</comments>
		<pubDate>Wed, 13 May 2009 12:16:29 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[ebay]]></category>
		<category><![CDATA[online market]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=490</guid>
		<description><![CDATA[In order to attract more sellers who occasionally auction off items, the online marketplace, eBay is eliminating some upfront fees. EBay Inc. said on Tuesday that users will soon be able to offer up to five items for auction every 30 days without paying the fees that eBay usually charges to list goods. Those listing fees usually run 10 cents to $4, depending on the item. EBay users will still have to pay fees for items sold. Under a new fee schedule that applies to no-listing-fee items, sellers pay a flat 8.75 percent of the sale price, with a cap of $20 per item. Usually, sellers pay different rates depending on the sale price, with no cap. EBay spokesman Usher Lieberman said the change, which takes effect from June 16, is meant to make it simpler for consumers to list items on the site.]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/05/13/auction-listing-fees-cut-for-casual-sellers-ebay/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chrysler assets bidding approved by Judge</title>
		<link>http://www.newsvulture.com/2009/05/06/chrysler-assets-bidding-approved-by-judge/</link>
		<comments>http://www.newsvulture.com/2009/05/06/chrysler-assets-bidding-approved-by-judge/#comments</comments>
		<pubDate>Wed, 06 May 2009 12:00:07 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Fiat SpA]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=476</guid>
		<description><![CDATA[A U.S. bankruptcy judge approved bidding procedures for the rapid sale of most of Chrysler&#8217;s assets, over objections from a group of lenders who called the accelerated timetable an &#8220;absurdity&#8221;. Judge Arthur Gonzalez, who is overseeing Chrysler&#8217;s bankruptcy case in Manhattan, said late on Tuesday, the proposed procedures were &#8220;appropriate and necessary&#8221; given that there is evidence that &#8220;there is an urgent need for the deal to be consummated.&#8221; The U.S. automaker, which filed for bankruptcy in New York on April 30, had asked for permission for a quick sale of most of its assets to a new company held by Italy&#8217;s Fiat SpA, a United Auto Workers union-aligned healthcare trust and the U.S. and Canadian governments.]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/05/06/chrysler-assets-bidding-approved-by-judge/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chrysler deadline ends today</title>
		<link>http://www.newsvulture.com/2009/04/30/chrysler-deadline-ends-today/</link>
		<comments>http://www.newsvulture.com/2009/04/30/chrysler-deadline-ends-today/#comments</comments>
		<pubDate>Thu, 30 Apr 2009 11:41:50 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Fiat]]></category>
		<category><![CDATA[Fiat SpA]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[U.S. Automakers]]></category>
		<category><![CDATA[U.S. Treasury]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=464</guid>
		<description><![CDATA[Chrysler rushed to clinch deals with Fiat and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy ahead of a government-imposed April 30 restructuring deadline. According to a report in the Wall Street Journal citing people familiar with the matter, those efforts hit a major roadblock late in the day as talks between the U.S. Treasury Department and lenders collapsed. This meant bankruptcy for Chrysler was &#8220;all but certain&#8221;, the report said, citing those sources. Earlier in the evening, U.S. President Barack Obama said concessions by Chrysler&#8217;s unions and its major bank lenders had made him more hopeful than a month ago that the struggling automaker could be made viable. But he added it was still not clear if Chrysler would need to seek bankruptcy protection to cement concessions from its lenders and move ahead with a planned alliance with Italy&#8217;s Fiat. &#8220;The details have not yet been finalized so I don&#8217;t want to jump the gun, but I&#8217;m feeling more optimistic than I was about the possibilities about that getting done,&#8221; Obama said at a news conference. The White House has set a series of aggressive targets for Chrysler in order to justify another [...]]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/04/30/chrysler-deadline-ends-today/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chrysler preparing to file Bankruptcy</title>
		<link>http://www.newsvulture.com/2009/04/24/chrysler-preparing-to-file-bankruptcy/</link>
		<comments>http://www.newsvulture.com/2009/04/24/chrysler-preparing-to-file-bankruptcy/#comments</comments>
		<pubDate>Fri, 24 Apr 2009 13:33:02 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[World News]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Fiat]]></category>
		<category><![CDATA[General Motors]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[U.S. Automakers]]></category>
		<category><![CDATA[U.S. President]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=445</guid>
		<description><![CDATA[Chrysler LLC is preparing to file for Chapter 11 bankruptcy protection as soon as next week, whether or not it reaches a deal with its lenders or forges an alliance with Fiat SpA, said several people familiar with the matter. If an agreement with the car maker&#8217;s lenders can be reached, Chrysler would file for bankruptcy protection to rid itself of some liabilities. That would let Fiat pick and choose which operations it wants, these people said. The U.S. government would provide bankruptcy financing while the reorganization plays out. The United Auto Workers union is on board with the plan and likely would end up owning a sizable stake in the restructured car maker, said these people. A relatively orderly bankruptcy filing along these lines would represent a measure of success for the Obama administration. But if a deal with Chrysler&#8217;s banks and Fiat cannot be reached, the company would begin the process of liquidation, with assets potentially sold to many buyers or shut down, said these people. Chrysler has shrunk radically in recent years but still employs 66,000 people in the U.S. Meantime, Fiat has begun talks with General Motors Corp. about joining forces in Europe and Latin America, [...]]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/04/24/chrysler-preparing-to-file-bankruptcy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tech Mahindra emerged as highest Satyam bidder</title>
		<link>http://www.newsvulture.com/2009/04/14/tech-mahindra-emerged-as-highest-satyam-bidder/</link>
		<comments>http://www.newsvulture.com/2009/04/14/tech-mahindra-emerged-as-highest-satyam-bidder/#comments</comments>
		<pubDate>Tue, 14 Apr 2009 10:52:42 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[fraud hit Satyam]]></category>
		<category><![CDATA[IT Services]]></category>
		<category><![CDATA[L&T]]></category>
		<category><![CDATA[Satyam]]></category>
		<category><![CDATA[Satyam Computer Services]]></category>
		<category><![CDATA[Satyam Computers]]></category>
		<category><![CDATA[Tech Mahindra]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=413</guid>
		<description><![CDATA[In a move Mahindra Group Vice-Chairman Anand Mahindra termed a “game changer”, Tech Mahindra emerged the highest bidder for Satyam. If it goes through, the deal will give Tech Mahindra a seat at the high table of the Indian IT services business. It will also mark the end of the uncertainty surrounding Satyam, though the firm’s legal and financial troubles are far from over. Tech Mahindra, which provides telecom software services, made the bid through subsidiary Venturbay Consultants Pvt. Ltd and will likely spend a total of Rs2,889 crore to acquire a 51% stake in the fraud-hit Satyam. Analysts say that the company may have to immediately invest Rs1,000 crore in Satyam for operating expenses. The deal needs to be approved by the Company Law Board (CLB), the government arm that oversees the functioning of companies. A Mahindra Group executive said money wouldn’t be a problem. “Tech Mahindra has Rs700 crore of cash available and then we have hard under-writing for the remaining amount. So, we can arrange it,” said Bharat Doshi, the group’s chief financial officer.]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/04/14/tech-mahindra-emerged-as-highest-satyam-bidder/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tata Steel to start production in SA next year</title>
		<link>http://www.newsvulture.com/2009/04/11/tata-steel-to-start-production-in-sa-next-year/</link>
		<comments>http://www.newsvulture.com/2009/04/11/tata-steel-to-start-production-in-sa-next-year/#comments</comments>
		<pubDate>Sat, 11 Apr 2009 11:43:02 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Nano]]></category>
		<category><![CDATA[Nano Car]]></category>
		<category><![CDATA[Tata Nano]]></category>
		<category><![CDATA[Tata Steel]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=399</guid>
		<description><![CDATA[World&#8217;s sixth largest steel producer Tata Steel said it will begin production at Sedibang mine in South Africa from next year. &#8220;A small iron ore mine at Sedibang in South Africa will begin production next year. We would get two million tonnes per annum,&#8221; Tata Steel managing director B Muthuraman said. The company is currently focussing on South Africa and Canada and looking at coal blocks in Mozambique, Muthuraman said. The Sedibang mine has a reserve of 50 million tonnes of iron ore, while the Canadian iron ore mines are likely to have a reserve of 100 million tonne. &#8220;The strategy is to focus at small mines where the investment would be low and large mines where no investment would be needed in next few years,&#8221; Muthuraman said. The coal block in Mozambique, in which Tata Steel has 35% stake, is under exploratory stage and the reserve is pegged at 2.1 billion tonne. Meanwhile, Tata Steel MD said the company is in discussion with Tata Motors to supply flat steel products for the world&#8217;s cheapest car &#8216;Nano&#8217;.]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/04/11/tata-steel-to-start-production-in-sa-next-year/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Asian Stocks on 6-month high</title>
		<link>http://www.newsvulture.com/2009/04/10/asian-stocks-on-6-month-high/</link>
		<comments>http://www.newsvulture.com/2009/04/10/asian-stocks-on-6-month-high/#comments</comments>
		<pubDate>Fri, 10 Apr 2009 09:37:11 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Asia]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[Market]]></category>
		<category><![CDATA[Nikkei]]></category>
		<category><![CDATA[Recession]]></category>
		<category><![CDATA[South Korea]]></category>
		<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[US]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=390</guid>
		<description><![CDATA[Asian shares rose on Friday, with South Korean stocks hitting a 6-month high after the country averted recession in the first quarter, as a Wall Street rally boosted risk demand around the region and dented the yen. Many financial centers in the region were closed for a long weekend, making investors nervous that gains made now may not be sustained next week when many major U.S. companies report quarterly earnings. The Nikkei hit a three-month closing high for the second day in a row, though off the day&#8217;s peak reached above the psychologically key 9,000 level, as banks tumbled after Sumitomo Mitsui Financial Group warned of a net loss for the financial year just ended, reviving fears for other megabanks.]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/04/10/asian-stocks-on-6-month-high/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tata Nano bookings begin</title>
		<link>http://www.newsvulture.com/2009/04/09/tata-nano-bookings-begin/</link>
		<comments>http://www.newsvulture.com/2009/04/09/tata-nano-bookings-begin/#comments</comments>
		<pubDate>Thu, 09 Apr 2009 09:56:10 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Croma]]></category>
		<category><![CDATA[Nano]]></category>
		<category><![CDATA[Nano Car]]></category>
		<category><![CDATA[Tata Group]]></category>
		<category><![CDATA[Tata Indicom]]></category>
		<category><![CDATA[Tata Nano]]></category>
		<category><![CDATA[Tata Sons]]></category>
		<category><![CDATA[Titan]]></category>
		<category><![CDATA[Westside]]></category>
		<category><![CDATA[World of Titan]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=383</guid>
		<description><![CDATA[Bookings for Tata Motors&#8217; much-waited car, &#8216;Nano&#8217; started across the country on Thursday and will continue till April 25. &#8220;Bookings (for the Nano) began today morning and we hope the response will be encouraging,&#8221; a Tata Motors spokesperson said. The sale of application forms for the Nano started on April 1 and the response has been &#8220;very encouraging&#8221;, the company said in a statement. The Tata Nano website has recorded over five crore hits, including over two crore hits in the fortnight since the Nano&#8217;s launch on March 23, the statement said. The application forms were sold through over 30,000 locations in about 1,000 cities pan-India through Tata Motors&#8217; passenger-car dealerships, State Bank of India branches as also through those of its subsidiaries and associates and other preferred financiers. The forms were also sold through Tata group companies such as Westside, Croma, World of Titan and Tata Indicom. Within 60 days of closure of bookings on April 25, Tata Motors will process and announce the allotment of 1,00,000 cars in the first phase of deliveries, through a computerised random selection procedure.]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/04/09/tata-nano-bookings-begin/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Xerox Strikes outsource services to HCL</title>
		<link>http://www.newsvulture.com/2009/04/06/xerox-strikes-outsource-services-to-hcl/</link>
		<comments>http://www.newsvulture.com/2009/04/06/xerox-strikes-outsource-services-to-hcl/#comments</comments>
		<pubDate>Mon, 06 Apr 2009 12:32:16 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[HCL Technology Ltd]]></category>
		<category><![CDATA[Xerox]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=366</guid>
		<description><![CDATA[Xerox Corp will pay $100 million over six years to outsource data-center services to HCL Technologies Ltd, one India&#8217;s largest information technology service providers, a Xerox spokesman said on Sunday. As part of the deal, HCL will manage disaster-recovery preparation and consolidate Xerox&#8217;s data centers in North America and Europe, spokesman Bill McKee said. Last year Norwalk, Connecticut-based Xerox cut about 3,000 jobs. In November, the two companies announced a partnership, which called for HCL to help companies integrate Xerox&#8217;s manage print services into their systems. Last month, Xerox chopped its first-quarter earnings forecast by as much as 85 percent, as the slowdown in office equipment spending badly hurt revenue and thwarted its cost-cutting efforts.]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/04/06/xerox-strikes-outsource-services-to-hcl/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>4G Wireless from Verizon targets Rural America</title>
		<link>http://www.newsvulture.com/2009/04/03/4g-wireless-from-verizon-targets-rural-america/</link>
		<comments>http://www.newsvulture.com/2009/04/03/4g-wireless-from-verizon-targets-rural-america/#comments</comments>
		<pubDate>Fri, 03 Apr 2009 10:56:55 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[4G]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[AT&T]]></category>
		<category><![CDATA[Verizon]]></category>
		<category><![CDATA[Verizon Wireless]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=348</guid>
		<description><![CDATA[Verizon Wireless plans to launch the new 4G Wireless in 2010 which is targetted at rural America. But extending the network to every nook and crack in the U.S. will likely take years. Tony Melone, senior vice president and chief technology officer for Verizon Wireless, said during an interview at the CTIA Wireless 2009 tradeshow that the new 4G network that the company is building will blanket the entire continental United States, including the far corners of rural America. &#8220;The licenses we bought in the 700MHz auction cover the whole U.S.,&#8221; Melone said. &#8220;And we plan to roll out LTE throughout the entire country, including places where we don&#8217;t offer our CDMA cell phone service today.&#8221; If Verizon makes good on this promise, it will be helping to bridge a widening gap between broadband haves and have-nots in this country. While Verizon Wireless&#8217; parent company Verizon Communications and other broadband providers have concentrated on building wireline broadband infrastructure in densely populated areas, such as cities and sprawling suburbs, they have not done a good job of extending that infrastructure to rural America.]]></description>
		<wfw:commentRss>http://www.newsvulture.com/2009/04/03/4g-wireless-from-verizon-targets-rural-america/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

