• News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

News In Pictures: 11 July 2009

Photo Credit :

LACKING INTEREST: Finance Minister Pranab Mukherjee with RBI Governor D Subbarao during the RBI Central Board Meeting in New Delhi on Saturday.Finance Minister Pranab Mukherjee said that the nation’s central bank will act appropriately, “as and when” needed on interest rates. The Reserve Bank of India will manage borrowing by the government it spends more to sustain economic growth, so as not to disrupt markets. The Reserve Bank, which last cut interest rates on April 21, next meets to set monetary policy in Mumbai on July 28 (PTI)


SHARP TURN: General Motors Company President and CEO Fritz Henderson seen in this file pic. Toyota Motor Corp said on Friday it would consider liquidating its stake in a California-based joint venture with General Motors Corp after the US automaker pulled out of the venture. Toyota has been mulling options for the Fremont, California auto plant — commonly known by its acronym NUMMI for the New United Motor Manufacturing Inc -- since GM cut operating ties to the plant in late June.  GM and Toyota had been 50-50 partners in the northern California auto plant since 1984 (Reuters)


TEEMING THE CHARTS: Passengers wait for their trains at an overcrowded railway station, in New Delhi, India, Saturday. The world's population will hit 7 billion early in 2012 and top 9 billion in 2050, with the vast majority of the increase coming in the developing countries of Asia and Africa, according to a UN estimate. World Population Day is being marked On 11 July 2009 (AP)